Ocado anticipates ‘best-ever Christmas’ as it eyes new Zoom site openings December 14, 2021 Ocado has forecast its “best-ever Christmas ahead” and said it anticipated mid-teens sales growth for 2022. In a trading update for the 13 weeks to 28 November, the grocer said there was “strong momentum in under-lying demand”. It posted retail revenue of £547.8m for the quarter. This was compared to £570.1m in the same period [...]
Ocado Zoom workers call to be made dependent contractors October 26, 2021 Ocado drivers have demanded the grocer bring in couriers in house on restructured contracts. Drivers in Acton, West London said they wanted to be employed as Limb B workers – dependent contractors – as it was a “flexible employment model that works perfectly for the ad hoc, on demand business.” In a letter to board [...]
Ocado invests £10m into self-driving tech startup Wayve October 6, 2021 Self-driving tech startup Wayve’s total funding raised has hit $60m following an investment from grocer Ocado. Ocado is investing £10m ($13.6m) in a partnership with Wayve that will develop autonomous grocery deliveries. An autonomous delivery trial will involve a number of Ocado delivery vans on busy London routes – with a human driver to oversee [...]
Hot under the collar: Ocado pins revenue tumble on warehouse fire September 14, 2021 Online supermarket Ocado has pinned a revenue dive over the last quarter on a fire at one of its London warehouses, in its latest trading update today. The fire, at its south London Erith Customer Fulfilment Centre in July, cost Ocado some £35m in revenue, it said in a statement – the equivalent of 300,000 [...]
Former Amazon vice president poached for Ocado board August 24, 2021 Online retailer Ocado has poached a former Amazon vice president and robotics expert for its board, as the supermarket looks to broaden its market share. Incoming independent non-executive director and board veteran, Nadia Shouraboura, is set to join Ocado at the turn of September. Shares lifted 2.43 per cent by the afternoon, taking the group’s [...]
Ocado sales dip as pre-pandemic habits return, supermarket data finds August 17, 2021 The UK’s return to normality has been accompanied by a return to pre-pandemic shopping habits, with online and overall grocery sales declining. The latest grocery market share figures from Kantar for the period ending 8 August show that grocery sales fell by four per cent. The latest twelve weeks saw the lowest level of online [...]
Ocado allows employees to work from abroad for a month August 9, 2021 Ocado Group has announced its employees will be allowed to work remotely from a country of their choosing for up to a month. The online grocer’s Chief People Officer, Claire Ainscough, confirmed the policy in comments to The Times, stating that the company is still encouraging a return to the office. The news comes as [...]
Ocado: Thousands of orders cancelled as robots cause fire July 19, 2021 A fire at an Ocado fulfillment centre in south-east London on Friday has caused the online grocer to cancel thousands of orders. The blaze occurred when three of the robots that help pick groceries collided at the Erith site. About 800 staff members had to be evacuated and firefighters worked through the night to stop [...]
Ocado partners with major Spanish grocer as revenue leaps July 6, 2021 Revenue at supermarket Ocado is up significantly on the same period last year, as the online model proved resilient in the face of Covid-19 restrictions. Revenue for the business stood at £1.3bn for the first half of 2021, up 24.4 per cent on H1 2020. Group EBITDA more than tripled to £61m, despite increased [...]
Easing of lockdown restrictions expected to slow growth at online retailer Ocado July 2, 2021 The easing of lockdown restrictions is expected to have slowed down soaring retail sales growth at Ocado as the online retailer unveils it latest trading performance next week. It was among UK grocery firms to see sales spark amid strong demand for home deliveries after the Government enforced lockdown restrictions and forced hospitality operators to [...]