Ocado news

10 December 2019
In the 12 weeks to 1st December growth halved from the previous 12 weeks to November 3rd, to 0.5%. Consumers on average made one fewer visit to the shops over the past three months than this time last year. Challenging environment persists Shoppers have been delaying spending in the lead up to the festive season, with a wet November and the uncertainty that comes with the looming election d...
06 December 2019
Ocado has launched a £500m bond for expansion into global markets. Funding construction of robotic warehouses According to Ocado, the proceeds of the issue of the bonds will be used to fund new robotic warehouses and international expansion. Bondholders will receive between 0.75% and 1.25% interest per year, and are set to be repaid in full in 2025. International partnerships Ocado al...
29 November 2019
Aeon has partnered Ocado to develop its online grocery business in Japan. Developing a national fulfillment network The new partnership will involve Ocado building automated warehouses in Japan. These will be like the ones Ocado has set up in the UK, where robots fill customer orders ready for home delivery. Aeon will launch a new online business using the Ocado Smart Platform, which includ...
29 November 2019
Ocado Retail has announced plans to open a sixth Customer Fulfilment Centre (CFC) in Bristol. First mini-CFC Ocado Retail will open its first mini-CFC, located in Bristol at the end of 2020 or into early 2021. The facility will have the capacity for more than 30,000 orders per week. This compares to the 85,000 orders per week that is expected from Ocado’s fifth CFC that is currently being b...
17 September 2019
In the first set of results from the joint venture between Ocado Group and M&S, Ocado Retail revenue reached £386.3m in its third quarter, 13 weeks to 1 September. The company saw growth of 11.4%. More frequent orders Ocado Retail reported a strong Q3 with revenue up 11.4%, despite the fire at its Andover customer fulfilment centre (CFC) earlier this year and the significant change of formi...
06 August 2019
The online retailer completes its deal with M&S and the appointment of former M&S director as new chief exec for Ocado is announced. M&S acquires half of the Ocado Retail business Ocado completes the £750m deal with M&S which sees M&S acquire half of the Ocado Retail Ltd business. The plans were initially announced in February , but Ocado will not start selling M&S products until Septem...
25 July 2019
In the 12 weeks leading up to the 14th July overall market sales fell by 0.5%. This was the first decline in market growth since June 2016. We look at the factors influencing this and key retailers' performance. Cooler weather and lack of seasonal events slows performance This decline was not unexpected as retailers were up against a challenging comparative period where the heat wave and wo...
09 July 2019
Ocado's retail revenue grew by 9.7% in the first half (26 weeks ended 2 nd June), whilst Group revenue (Retail and Solutions) was £882.3m up 10.5%.  Strong sales from Ocado Retail Ocado Retail reported a strong first half with revenue +9.7%, despite sales being impacted (2)% due to the fire at its Andover customer fulfilment centre (CFC). It now has 745,000 active customers, an increase of...
25 June 2019
Market growth was 1.4% in the 12 weeks to 16 June 2019, according to the latest results from Kantar. Performance has slowed compared to this time last year, when growth was 2.1%. We look at the factors influencing this and key retailers' performance. Cooler weather slows growth This year growth is more modest due to the cooler weather and lack of celebratory occasions such as the World Cup ...
11 June 2019
Online retailer Ocado has announced it has invested £17m in the vertical farming industry. Newly emerging industry Ocado has announced plans to expand into food production with two complementary investments into the newly emerging vertical farming industry. Vertical farming is the production of food in indoor facilities where crops are grown on a series of levels in a precisely-controlle...