Ocado news

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 ...
11 December 2014
Leading UK online grocery specialist, Ocado has released a trading statement for the final quarter of its 2014 financial year, revealing sales up by 14.9% in the 16 weeks to 30 November.  The average number of orders per week grew slightly quicker, up 16.4% to 177,000, while the average order size fell slightly, down 1.7% to £109.74.  Nudging £1bn for the full year Ocado's Q4 uplift rema...
20 November 2014
Over the two day Online & Digital event, five retailers shared their online and digital plans. Here we summarise key points from the speaker presentations. Asda Asda’s Chris Conway shared that online grocery sales were up more than 20% this year, customer frequency increased 10% and that online now accounts for 70% of Asda’s growth. Convenience and price are the top focus for Asda’s online...
20 November 2014
Earlier this week, IGD held its 4th Online & Digital Summit. Here we have captured some of the key take-outs: 1. Multichannel According to BT’s Josh Pert, multichannel will increasingly be ‘business as usual’ and he suggested that in the future we won’t use this term. After all, in a multichannel world, the customer must be at the heart of the business and they don’t talk about ‘multichanne...
11 September 2014
Ocado has reported that gross retail sales for the 12 weeks to 10 August rose 15.5% to £218.5m, boosted by a 17.4% increase in average orders per week. Total revenue was up 22.5% to £231.9m, supported by Ocado’s tie-up with Morrisons. Meanwhile the company is partnering with Transport for London to introduce click & collect at four London tube stations. Growing customer numbers Ocado CEO Ti...
10 September 2014
Ocado has begun a six month click & collect trial at a shopping centre close to its head office. Shopping Centre hub Online grocery retailer Ocado has started offering a click & collect service to shoppers at the Galeria shopping centre in Hatfield, close to its head office, as part of a six month trial. Shoppers may collect groceries from a van in the centre’s car park. The move follows ...
01 July 2014
Ocado has reported its first half year profit of £7.5 million (before tax and exceptional items) for the six months ended 18 May 2014. This compares to a loss of £1.0 million a year ago. Gross retail sales during the period rose 15.6% to £442.4 million. Revenue was up 20.7% to £429.7 million, driven by Ocado's tie-up with Morrisons, which the company said was going well. Growing customer numbe...
17 March 2014
Ocado’s CEO Tim Steiner has said he anticipates that the company’s biggest future competition in online grocery will come from Amazon rather than one of the big four supermarkets. Speaking at the Retail Week Live conference, Steiner outlined that he envisages 40-60% of the grocery market could in the future transition to the online channel. In this context, he talked about the potential thre...
12 March 2014
Ocado has posted an 18% increase in retail sales to £227.5 million for the twelve week period to 23 February, boosted by its partnership with Morrisons. Morrisons provides a boost The company saw an 18.4% increase in average orders per week, following the addition of Morrisons' online business, although average basket size was down 0.4%. CEO Tim Steiner said that the company was pleased with th...
04 February 2014
Ocado has published its full year results, revealing strong sales growth and a modest pre-tax loss for the 52 weeks to 1 December 2013. Investment for future growth As previously reported, gross sales increased 15.2% to £843.0 million. Revenue was up 16.7% to £792.1 million and EBITDA grew 32.8% to £45.8 million. The company recorded a loss before tax of £12.5 million or £5.1 million bef...