Ocado news

09 May 2019
Ocado has announced it has acquired a minority stake in robotics start-up Karakuri, that will enable the online retailer to use robotics for the preparation of ready-to-eat meals. Revolutionising the preparation of ready-to-eat meals Karakuri’s new machine can automate the assembly of ready-to-eat meals, using configurable, modular design that can be installed in-store or in dark kitchens. ...
02 April 2019
Growth slowed to 1.4% in the 12 weeks to 24th March, according to Kantar. This makes it the slowest growth rate since March 2018. Inflation edged up from 1.4% to 1.5% causing implied volumes to dip into negative territory. We look at the results in more detail. Seasonal changes impact growth Despite the uncertainty surrounding Brexit challenges have mainly come for retailers from changes to...
26 March 2019
Online retailer Ocado has announced a partnership with Coles to develop its online grocery business in Australia. This is the fifth international partnership for the Ocado Smart Platform in less than 18 months. Developing Coles’ online business Coles is one of Australia’s largest grocery retailers, generating sales of AU$39.4bn in 2018. It operates 818 supermarkets across the country. The r...
19 March 2019
Ocado revenue reached £404m in its first quarter, 13 weeks to 3rd March 2019. The company saw strong growth of 11.2%, however this was impacted by a fire at its Andover Customer Fulfilment Centre (CFC) in February, equivalent to almost 1.2% of sales over the quarter. Strong basket size Order size declined by 0.2%, whilst still strong at £110.24. Ocado’s average orders per week are up 11....
27 February 2019
M&S will acquire a 50% share in Ocado's UK retail business for £750m. Ocado's commercial agreement with Waitrose will come to an end in 2020. Details of the deal M&S will pay up to £750m for its stake: £562.5m on completion and up to £187.5m plus interest after five years This will be funded by selling £600m shares and cutting dividends to shareholders The transaction is expected t...
20 February 2019
Kroger and Ocado will open the second and third of 20 Customer Fulfillment Centres (CFC) in Central Florida and Mid-Atlantic. Optimising new technologies Ecommerce has been a major focus for Kroger over the last year. In 2018, Kroger announced a strategic partnership with Ocado which will see them jointly develop up to 20 automated fulfilment centres for grocery ecommerce in the US. These w...
18 February 2019
The UK’s Groceries Code Adjudicator, Christine Tacon, has today (18 February) launched her annual survey, inviting suppliers to share their experiences of trading relationships with major retailers and highlight any issues they are facing.   This year the survey – the sixth carried out by the GCA - includes Ocado and B&M, which were designated by the Competition and Markets Authority in Novemb...
06 February 2019
Online grocery retailer Ocado is to trial a one-hour delivery service in London next month. Ocado Zoom The one-hour delivery service, Ocado Zoom, is set to launch in March in west London initially, with plans to expand the service if customer feedback is positive. Around 10,000 products will be available to customers for delivery within one hour. The service will cater for smaller basket...
05 February 2019
Online grocery retailer Ocado has announced strong trading results for the year 2018. Ocado’s retail revenue is up 12%, now at £1,475.8m for the year to 2 nd December. Strong retail performance Ocado’s retail business delivered a revenue of £1,475.8m compared to £1,317.4 in 2017. Revenue growth rate in 2018 was up 12% year-on-year, similar to 2017’s +12.4%. This year, Ocado Retail has b...
11 January 2019
Online retailer Ocado has introduced a palm oil-free ‘aisle’ to its website and the Ocado app. Growing demand Ocado’s customers can now browse over 3,000 products that do not contain palm oil. Ocado aims to make searching for palm oil-free products easier and simplify this process with the new aisle on its website. The launch follows a 28% increase in searches for palm oil-free products in ...