Ocado news

05 November 2015
Morrisons has reported a slightly more negative LFL sales trend but is confident that ongoing improvements to pricing and the shopping trip are feeding through into better customer satisfaction. Total ex-fuel sales were down -2.0% (-2.6% LFL) in the 13 weeks to November 1st. Vouchering and deflation impacting LFLs Commenting on trading trends in a call to investors, Morrisons highlighted bo...
22 October 2015
Hannah Gibson, Head of Grocery Merchandising & Product at Ocado, shared her view on how to succeed in grocery online at IGD’s Online & Digital Summit this week. Hannah used four apps to demonstrate the key to success in the fast growing online grocery. On a mission Let’s be clear, online shopping is genuinely faster than offline. Shoppers are buying on average 50-55 items in a short...
15 September 2015
Ocado has released its Q3 trading statement, showing strong growth in revenue and order numbers, although average order value fell slightly during the 12 week period. Maintaining steady growth in a “tough” environment For the 12 weeks to 9 August 2015, gross retail sales (which includes sales through Ocado’s pet store Fetch and kitchenware site Sizzle) increased by 15.3% to £252.0m. Ord...
02 July 2015
The Chinese online grocery market is set to be worth almost $180bn by 2020 – nearly five times its current value of $41bn, according to IGD’s Top 10 Online Grocery Markets report. In other leading markets, online growth is expected to continue at double-digit rates. This makes investment in the channel essential for companies wishing to meet the needs of the rapidly evolving multichannel shopper....
30 June 2015
Ocado’s results for the six months to 17 May 2015 saw gross retail sales up 15.7% to £511.9m. Revenue increased 18.2% to £507.7m, while EBITDA grew 11.4% to £38.2m. Pre-tax profit reached £7m, down 4% from a year ago.  Investment in price and assortment Ocado said that it continued to grow ahead of the market and highlighted investment in its Low Price Promise initiative and the expansion...
11 May 2015
Ocado is investing in a new way to pick online groceryorders using robots, according to a recent patent application Cost efficiency According to a patent filed with the US Patent and Trademark Office, Ocado is looking to increase efficiencies within its warehouses with its design for a new picking system utilising robots mounted on racks above the stacks of merchandise. This would all...
23 April 2015
Ocado Technology has announced that it will release a new, free Ocado Watch app to coincide with the device’s launch. Voice technology The Ocado app will use voice technology to allow customers to speak into their Apple Watch and add items to their online grocery orders. This gives shoppers a new way to shop for items whilst also allowing access to online product listings and real-time o...
10 March 2015
Ocado has released an encouraging trading statement with strong growth in both sales and order numbers. Sustaining growth in challenging market In the 12 weeks to 22 February 2015, gross retail sales (which includes sales through Ocado's recently launched pet store Fetch and kitchenware site Sizzle) increased by 15.2% to £252.0m. This represents a slight uptick in performance on the 14.8% g...
03 February 2015
Ocado recorded a £7.2 million pre-tax profit for its financial year ended 30 November, its first profit in fifteen years. This compares to a loss of £12.5 million a year ago. Revenue for the group was up 19.8% to £948.9 million during the period. Gross retail sales rose 15.3% to £972.4 million. Shoppers embracing online Ocado said that its growth had been helped by a channel shift towards onl...
14 January 2015
Ocado has announced that gross retail sales for the 31 days of December were up 14.8% year-on-year. Continued momentum Ocado has revealed that retail sales in December were up by 14.8% continuing the solid growth it had seen throughout the fourth quarter into the Christmas period. On its biggest trading day, sales were almost £6m, according to the company, up more than 15% compared to last ...