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,
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