All the updated news related to ocado retail

All the news related to ocado retail updated in real time

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City

Ocado sales slip as customers pull back spending amid rising living costs

Sales have slumped at Ocado after the online retail firm said customers are shrinking the size of their orders in response to the rise in the cost of living and the end of Covid curbs. The company also saw losses balloon to £211 million, from £27.9 ...

21 Jul 2022 at 11:04

City

Shoppers reduce their spend at Ocado as cost of living bites

Shoppers have cut back their spending as they try to offset the growing cost of living, online supermarket Ocado has said. The average basket that customers checked out reduced by 6% to £116 in the 13 weeks to the end of August, and have shrunk ...

13 Sept 2022 at 09:18

Basic groceries up by 30% as supermarket trust plummets – Which?

The price of basic groceries such as butter, milk and cheese went up 30% year-on-year at some supermarkets in December, figures show. While overall food and drink inflation reached 15% in December across the eight major supermarkets, butters ...

01 Feb 2023 at 11:09

City

Ocado Retail enjoys record Christmas sales despite cost-of-living pressures

Ocado Retail has reported record sales over Christmas but revealed that customers were shopping less and putting fewer items in their basket amid cost-of-living pressures. The supermarket, which is a joint venture between Ocado Group and ...

17 Jan 2023 at 08:05

City

Ocado slashes retail outlook as customers cut back on spending

Ocado has warned that its joint venture with Marks & Spencer will see earnings and sales weighed down by growing pressure on customers’ spending. Ocado Retail, which is owned 50-50 by the two companies, said sales tumbled further in ...

25 May 2022 at 09:33

Ocado sees shoppers continue cutting back as food inflation yet to peak

City

Ocado sticks by earnings outlook as retail sales rise

Online grocer Ocado has said it is yet to see an end to soaring food prices, with customers continuing to rein in spending amid the cost crisis. The boss of its retail arm, Hannah Gibson, said food price inflation remains at a ...

28 Mar 2023 at 11:27

City

Amazon takeover rumours spark spike in Ocado shares

Ocado’s shares soared by up to 40% after a report that the business might be attracting takeover interest after months of its stock languishing. The business declined to comment on a report in The Times which said it might be ...

22 Jun 2023 at 12:52

Ocado sees ‘pathway’ to returning retail arm to profit amid pressure from M&S

City

Ocado sees ‘clear pathway’ to returning retail arm to profit

Shares in online grocer Ocado have surged higher after the group swung to an underlying profit and said its retail arm is on track to post annual earnings amid mounting pressure from its joint venture partner Marks & Spencer....

18 Jul 2023 at 11:50

City

Ocado claims victory in High Court robot patent case

Ocado has said the High Court has ruled in its favour in a patent case brought by Norwegian company AutoStore. A judge ruled AutoStore’s “patents were invalid” and that regardless, Ocado did not infringe them, the business ...

30 Mar 2023 at 18:17

City

Marks & Spencer set to ring up profits leap after impressive year

High street bellwether Marks & Spencer is expected to reveal a jump in annual profits on Wednesday when it reports back after a bumper year. The retailer has enjoyed buoyant sales across its food halls and clothing and ...

17 May 2024 at 19:03

Prestigious businesswomen awards announced

The former head of a leading online retailer has won a prestigious business award. Mel Smith, former chief executive of Ocado Retail, won Veuve Clicquot’s 50th annual Bold Woman Award in recognition of her ...

07 Sept 2022 at 01:01

Retail boss Stuart Rose warns of ‘unintended consequences’ of food price caps

Veteran retail boss Stuart Rose has warned the Government of “unintended consequences” around encouraging supermarkets to impose price caps on food staples to cut the cost of living. Asda chairman Lord ...

30 May 2023 at 11:26

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