Tag: Ocado

Ocado sales surge amid shift to online shopping

Online grocer Ocado saw its sales rocket more than 50% in the third quarter of the year as more customers used it in lockdown.

Sales at Ocado Retail, its joint venture with Marks & Spencer, and previously Waitrose, were £587.3m in the 13 weeks to 30 August.

The firm said growth was stronger than in the second quarter, while weekly orders stood at 345,000, up almost 10%.

It comes as more people shop online because of the pandemic.

The firm’s switch to delivering M&S products on 1 September got off to a rocky start, with the retailer having to cancel

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How Ocado went from understated British grocer to an $18.4 billion tech giant, as the coronavirus pandemic confirms the future of grocery shopping is online

"Bots" are seen on the grid (or "The Hive") of Ocado's "smart platform" in Andover, Britain, on May 1, 2018.
“Bots” are seen on the grid (or “The Hive”) of Ocado’s “smart platform” in Andover, Britain, on May 1, 2018.

REUTERS/Peter Nicholls

  • As grocery stores worldwide experienced stockpiling, long lines, and health worries amid the coronavirus pandemic, millions of people turned to shopping online.

  • It has been a goldrush for the British company Ocado, an online-only grocery marketplace that also operates technology for supermarket giants worldwide.

  • Ocado was the best performing stock on the FTSE 100 in the second quarter of 2020, and, in May, Ocado raised over $1 billion to grow its services.

  • It is now betting big on

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Surge in Ocado sales pushes online juggernaut’s market share to new high

Ocado has benefitted from a shift towards online shopping during the coronavirus pandemic. (Nick Potts/PA Images via Getty Images)
Ocado has benefitted from a shift towards online shopping during the coronavirus pandemic. (Nick Potts/PA Images via Getty Images)

A 42% surge in sales at Ocado (OCDO.L) pushed the online supermarket’s market share to its highest-ever level over the past 12 weeks, according to new figures from research firm Kantar.

The delivery juggernaut, which has benefitted from a shift towards online shopping during the coronavirus pandemic, now has a 1.7% share of the UK market.

Online shopping sales have increased by 91% over the past month, Kantar said. Traditional take-home grocery sales, meanwhile, climbed by 12.7% in the 12 weeks

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