Mar 5, 2019 | Brexit, Food Equipment & Services, News, Retailing
As Brexit uncertainty intensifies, the latest grocery market share figures, published from Kantar Worldpanel, shows year-on-year supermarket sales growth of 1.9% during the 12 weeks to 24th February 2019. Overall, grocery volumes rose by 1.2% in the 4 weeks which is...
Feb 27, 2019 | Food Equipment & Services, News, Retailing
Following press and media speculation, Marks and Spencer Group Plc (M&S) has announced the creation of a 50/50 joint venture with Ocado Group Plc (Ocado) and states it ‘will transform online grocery shopping for UK consumers’. As suggested by FMT yesterday in our...
Feb 26, 2019 | News, Retailing
Marks and Spencer Group PLC has confirmed that it is in discussions with Ocado Group plc regarding a joint venture in the UK retail market, believed to have a potential value of £1.8bn. Shares in both companies jumped following the news, which would give M&S a...
Feb 5, 2019 | News, Retailing
Ocado has reported significant losses of £44.4m for the year ending 2nd December 2018, despite sales rising by 12.3%. The online food retailer has recorded a pre-tax loss of £44.4m, compared with only £9.8m over the previous 12 months. However, the business also...
Dec 19, 2018 | News, Retailing
Ocado Group Plc has announced its trading statement for the 13 weeks to 2nd December 2018, in which it saw double digit growth in average orders per week. The online supermarket also saw consistent strong growth in revenue of 12.0%, and the new facilities at Andover...
