Sainsbury’s could slash 300 jobs in head office shakeup Retail Retail giant Sainsbury’s could axe up to 300 jobs as it overhauls its tech and head office teams across its supermarket and Argos operations. The grocery is restructuring its technology and data unit into one dedicated team for Argos and two for Sainsbury’s. The firm, which employs around 140,000 people, announced it would cut 3,000 [...]
Ocado boss: We were naive to accept orders but US firms should have worked harder Retail After its share price tumbled on Thursday morning, the boss of Ocado was given the chance to evade the blame for shuttered warehouses and job cuts. The retail tech group’s financial results set out easing losses and slowly climbing revenue. But it was the plans to cut 1,000 jobs – mostly at the company’s Hertfordshire [...]
Ocado shares tumble as boss warns of job cuts Retail The boss of online retailer Ocado has warned of “significant” job cuts after US retail giant Kroger pulled out of its automated warehouse partnerships, prompting shares to tumble. The group confirmed it has closed several warehouses in North America and warned that further job losses are to come as Ocado continues to “simplify” its model. [...]
Ocado eyes global tech push after US setback December 30, 2025 Shares in Ocado slipped two per cent on Tuesday as the online grocery group outlined plans to sell its AI-driven warehouse tech globally, following a turbulent year for its international operations. Most of Ocado’s exclusivity deals with global partners, including US retail giant Kroger, have now expired, freeing the company to pitch its evolved robotic [...]
Ocado: CEO pay jumps despite heavy losses and flagging share price March 6, 2025 The chief executive of Ocado has seen his pay jump despite continuing heavy losses at the technology and grocery platform. Tim Steiner took home more than £2.6m for his company’s latest financial year, a rise from the £1.9m he was awarded in the prior 12 months. The increase was mainly driven by a rise in [...]
Ocado shares jump after firm hikes sales outlook on M&S joint venture September 19, 2024 Ocado shares jumped more than 10 per cent in early deals this morning after the company hiked its sales guidance. The retail arm of the London-listed group, Ocado Retail, a 50:50 joint venture between Ocado Group and Marks & Spencer Group, reported revenue growth of 15 per cent in the 13 weeks to 1 September [...]
Ocado partners with US grocery giant Kroger on robotic arm rollout July 22, 2024 Ocado has ramped up its partnership with US grocery giant Kroger to bring in a wave of automated technologies across Kroger's warehouses.
Ocado: Shares in M&S-linked grocer tumble after being labeled ‘underperforming’ July 15, 2024 Shares in M&S-linked grocer Ocado have tumbled after being branded as 'underperforming' only a few weeks after being demoted from the FTSE 100.
Ocado continues foray into Japanese market with expanded Aeon partnership July 8, 2024 In May, Ocado held its position as the fastest growing grocer for the third month in a row, as efforts to cut prices continued to pay off.
FTSE 100 reshuffle: Ocado and St James’s Place out, and one surprising new entrant June 6, 2024 The FTSE 100 index has lost some well-known names but gained one unexpected addition.