THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
• Omnichannel Futures Conference 2020
• Future of Retail Marketing 2020
• The HR Summit 2020
• AI in Retail Conference 2019
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Ocado increases sales and orders

Online supermarket Ocado grew its retail sales by 13.1% to £398.1 million in its fourth quarter.. In the 16 weeks to 27 November group sales rose… View Article

FOOD & DRINK

Ocado increases sales and orders

Online supermarket Ocado grew its retail sales by 13.1% to £398.1 million in its fourth quarter..

In the 16 weeks to 27 November group sales rose by 14.5% to £436.8 million.

Average orders per week increased by 17.6% to 241,000 driven by both new and existing Ocado customers. However, average order size decreased by 2.9% due to price deflation and further take up of the Ocado “Smart Pass” leading customers to shop more frequently.

Tim Steiner, Ocado’s chief executive officer, said: “We are very pleased with the financial performance achieved this year. The strong growth in sales and order volumes reflects the attractiveness of our retail offer to customers.

During the period, Ocado also commenced operations at its Andover customer fulfilment centre which uses its new proprietary infrastructure equipment solution and software.

The quarterly results mean that fukk year group sales increased by 15.1% to £1,386.7 million while retail sales climbed by 13.6% to £1,267.4 million,

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY