Ocado delivers Christmas cheer

Kasmira Jefford
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OCADO said its online grocery service for Morrisons launched “on time and on budget” last week as it reported bumper Christmas sales.

Sales rose 21.3 per cent to £111.1m for the six weeks to 5 January as it benefited from extra capacity at its new fulfillment centre in Warwickshire.

Ocado boss Tim Steiner said the seven days leading up to Christmas were particularly strong with sales up nearly 29 per cent and hitting £5m on several days.

Despite the strong performance he warned that the retail environment remained challenging and the group still expects to grow broadly in slight with the market.