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

M&S warns over ‘gathering storm’ and further price hikes

High street giant Marks & Spencer has warned over a “gathering storm” ahead as it forecast a steep slump in customer demand next year and said more price hikes are on the way. The retailer said while sales were so far proving resilient and ...

09 Nov 2022 at 11:18

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 “outstanding” leadership over ...

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 Rose, who also ran Marks and ...

30 May 2023 at 11:26

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. The ...

18 Jul 2023 at 11:50

Grocery inflation rises again as household supermarket trips hit four-year high

Grocery price inflation rose again in October but households shrugged off increases with a four-year high in supermarket shopping trips, figures show. Supermarket prices were 2.3% higher than a year ago last month, up slightly ...

12 Nov 2024 at 12:14

City

M&S in ‘best financial health since 1997’ as sales and profits soar

Marks & Spencer has declared the group is in its strongest financial health for nearly 30 years as a turnaround pays off with a 58% surge in profits and buoyant sales across its food halls and clothing arm. Boss Stuart Machin ...

22 May 2024 at 11:21

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 ...

25 May 2022 at 09:33

City

Ocado losses soar amid rising costs as squeezed customers cut back spending

Even soaring prices could not stop the average shop at Ocado getting cheaper last year as customers cut back the number of items they loaded into their virtual shopping trolleys. The online supermarket company also ...

28 Feb 2023 at 08:06

Grocery spending reaches new high as inflation jumps to 3.7%

Consumers made December the busiest month for supermarkets since the pre-lockdown rush in March 2020 despite a jump in grocery price inflation, new figures show. Household spending on take-home groceries hit a ...

07 Jan 2025 at 13:10

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 ...

17 May 2024 at 19:03

Back-to-school shop drives lunchbox sales while grocery inflation slows – Kantar

Households stocking up on lunchbox essentials helped drive an uptick in grocery spending last month, while price inflation continues to ease across the country, figures show. Grocery price inflation fell ...

10 Sept 2024 at 09:11

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