Ocado reports both growth and losses

Ocado reports both growth and losses

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...
Ocado reports both growth and losses

Ocado sees double digit growth in orders

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...
Ocado signs partnership with Kroger

Ocado signs partnership with Kroger

A partnership agreement between Ocado Group plc and The Kroger Co. has been announced. Ocado has signed a partnership agreement with Kroger under which Ocado’s technology will be used in the US exclusively by Kroger for grocery and other food distribution...
Soup and bacon sales boosted by ‘Beast from the East’

Soup and bacon sales boosted by ‘Beast from the East’

UK shoppers spent £15 million on soup during recent bad weather, according to IRI supermarket sales data. Sales of bacon and bird feed also offered supermarkets a boost. During the week ending 3rd March 2018, consumers spent £15.4 million on soup in supermarkets – the...