THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Ocado announces pre-tax profit and supply partnership with Carrefour

Online grocery retailer Ocado has reported a pre-tax profit of £200,000 for the six months to 15 May. This compares to a loss of £6.7 million for the same period last year.

CITY & CORPORATE

Ocado announces pre-tax profit and supply partnership with Carrefour

Revenues in the six months also saw a rise, up 20% to £277 million from £230 million last year.

Ocado said its profits were limited by its operational capacity but added that it was investing in its customer fulfilment centre “to expand capacity to our target of 180,000 orders per week during the next 18 months." It also said that construction of a second customer fulfilment centre in Dorden was underway.
 
In a further announcement, the retailer said it had entered into a supply partnership with French supermarket  Carrefour and from July would trial the 'Reflets de France' range of authentic French produce to all Ocado customers across the UK. This is in addition to its current Waitrose lines. 
 
Chief executive Tim Steiner said: "We are delighted to announce our new supply partnership with Carrefour, an important development in our strategy to offer the broadest and most diverse grocery range to all our customers in the UK."
 
 

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, 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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing