Ocado Q1 Sales Up 3.4% to £584m, Active Customers Reach 951k
In Q1 2023, British online supermarket Ocado Retail saw a 3.4% increase in sales, reaching £584m. The rise was...
Ocado
Record Grocery Price Inflation Reaches 16.7% Amidst Competition Among Retailers
Record grocery price inflation hits 16.7% in January, according to Kantar data, with Aldi and Lidl leading growth among...
Ocado Reports Record Q4 Revenues and Strong Christmas Performance
In a recent announcement, online retailer Ocado reported £550 million in revenues for the 13 weeks ending November 27th,...
Supermarkets See Record Spending in December Amid Food Inflation and Festive Promotions
Supermarkets saw a significant increase in total till value growth of 10.9% in December due to food inflation and...
Marks & Spencer’s Profits Drop, but Food Offering Outperforms Amid Inflation Challenges
Marks and Spencer's profit-before-tax dropped 23.7% to £205.5m in the second half of the year, but its food offering...
Ocado Shares Surge Amid Kroger-Albertsons Merger Talks
Ocado shares surge over 10% following reports of potential Kroger-Albertsons merger, which could expand Ocado's US presence. Kroger, Ocado's...
Grocery Price Inflation Hits Record High, Discount Retailers Thrive Amid Rising Costs
Supermarket sales rise 2.2%, highest inflation since 2008: Supermarkets see a 2.2% increase in sales despite 11.6% grocery price...
Ocado Reports Widened Losses Amidst Revenue Decline, but Sees Growth Potential
Ocado reports an interim loss before tax of £211 million due to increased costs related to its ongoing rollout...
Supermarket Sales Rise Amid Inflation: Lidl Leads with 13.9% Growth
Supermarket sales finally see growth after 12 weeks, rising by 0.1%, despite grocery inflation reaching 9.9% due to supply...
Ocado and Groupe Casino Expand Partnership with New Joint Venture for Logistics Services in France
Ocado has finalized deals to expand its collaboration with Group Casino in France, creating a joint venture to offer...