All Ocado articles – Page 8
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Retail Navigator AnalysisOcado (People)
Founder Tim Steiner has remained at the helm of the group as chief executive since it began, maintaining Ocado’s long-term purpose and vision. Hannah Gibson was promoted from chief product officer for Ocado Technology to Ocado Retail chief executive in September 2022, replacing Mel Smith who had led the joint venture between Ocado and M&S since its inception in 2019.
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Retail Navigator Analysis
Ocado Group (Overview)
The 2019 joint venture partnership with Marks & Spencer effectively split the online grocery business, now Ocado Retail, from Ocado Solutions, its technology division that provides ecommerce infrastructure through its Smart Platform to a growing list of grocery businesses, both in the UK and in Europe, North America and Asia Pacific.
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Retail Navigator AnalysisOcado Group (Strategy)
Ocado’s joint venture with M&S changes the corporate structure. Ocado Technology is continuing to invest in automation and innovation, while Ocado Retail is focusing on customer acquisition to drive growth from 2023.
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Retail Navigator AnalysisOcado Group (Financials)
Ocado’s group revenues rose 12.4% to £2,835.0m for the 53 weeks ending 3 December 2023 (FY2023) or 9.9% on a 52-week comparable basis.
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DataData: The grocery winners and losers from the Covid-19 pandemic
Now that most grocers have issued full-year results, Retail Week crunches the numbers on a year marked by the coronavirus pandemic that supercharged food retailing.
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NewsOcado invests in autonomous vehicle software company
Commencing a multi-year partnership, which will see the two companies work together to create a new vehicle fleet, Ocado has invested in autonomous vehicle company Oxbotica.
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NewsOcado’s Steiner downplays threat from Amazon and on-demand start-ups
Ocado chief executive Tim Steiner has dismissed the threat of Amazon and emerging on-demand grocery start-ups, comparing them to pureplay convenience stores.
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NewsOcado sales climb as customers add M&S lines to baskets
Online grocer Ocado has reported a surge in quarterly sales, helped by demand for food from joint venture partner Marks & Spencer.
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NewsOcado aims to slash plastic use with own-label refresh
Pureplay grocer Ocado has launched a refresh of its own-label range, targeting a reduction in plastic use, introducing new lines and updating its logo and packaging.
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AnalysisSuper-deduction: what it is and the retailers that could benefit
As part of the Budget last week, chancellor Rishi Sunak unveiled a ’super-deduction’ allowance to provide relief for certain businesses – but what does it mean for retail?
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DataData: Grocery sales surge in February as online share hits record high
Grocery sales registered the strongest increase last month since June 2020 as Ocado and Iceland both delivered substantial growth.
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NewsOnline retailers launch new trade body to champion ecomm cause
Big-name pureplay retailers have formed an industry association to highlight their contribution to UK success and fight their corner – including on tax.
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AnalysisFavourite websites: Where retail bosses love to shop online
After a year that saw ecommerce accelerate like never before as consumers flocked online, Retail Week asks CEOs to name their favourite retail websites and tell us what they love about them.
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AnalysisGrocery on demand: the new ecommerce battleground
As Deliveroo announces its intention to float, Retail Week looks at the growing area of grocery on-demand and which of the big supermarkets are likely to win share in this burgeoning part of the market.
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NewsOcado launches aisle dedicated to B Corp-certified suppliers
Pureplay grocer Ocado has launched a dedicated aisle for B Corp-certified suppliers as the retailer aims to give customers greener and more sustainable choices.
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AnalysisAnalysis: How Ocado plans to make up for lost time
At the beginning of the coronavirus pandemic, when demand for grocery home delivery jumped overnight, many would have predicted that no business in UK food retail was better placed to take advantage than Ocado.
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NewsOcado narrows full-year losses as sales surge
Ocado has reported a spike in full-year sales as demand for online grocery during the pandemic jumped in what boss Tim Steiner says is a permanent shift in consumer shopping habits.
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DataData: Grocery sales soar as record Christmas stretches into January
The festive cheer has rolled on into the new year for grocers, with data showing that customers’ record food and drink spending from December continued into January.
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NewsOcado trials electric and pedal-powered deliveries
Ocado has launched a trial of electric-assisted and pedal-powered vehicles to deliver groceries.
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NewsEG Group appoints Lord Rose as new chair
EG Group, whose owners are buying grocery giant Asda, has appointed retail veteran Stuart Rose as its new chair to address issues with its corporate governance.