THE RETAIL BULLETIN - The home of retail news
Lest we forget
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
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Ocado sales growth slows in Q3

Online grocery retailer Ocado has reported a slowdown in sales in its third quarter as the Diamond Jubilee and Olympic Games disrupted trading.

GENERAL MERCHANDISE

Ocado sales growth slows in Q3

Online grocery retailer Ocado has reported a slowdown in sales in its third quarter as the Diamond Jubilee and Olympic Games disrupted trading.

In the 12 weeks to 5 August, gross sales rose by 9.9% to £162.6 million compared to growth of 12% in the first quarter.

Ocado, which issued a string of profit warnings last year, said year to date gross sales growth to the end of the third quarter was 11.3%.

The company said it had continued to increase its range in the period and now had over 26,500 stock-keeping units, an increase of over 30% from the start of the year. Average orders per week for the period had increased by 8.6% to 120,494 while average order size was £112.44 compared to £111.08 in the same period in 2011.

Although trade suffered in the third quarter due to the Jubilee and Olypmic events, Ocado said it expects to see an increase in sales growth in the fourth quarter.

Chief executive officer Tim Steiner added: " The grocery market and the general economic picture remain challenging, with consumer confidence subdued and significant competitive couponing activity.

"Notwithstanding this environment, we have continued to build on the foundations we have put in place to deliver growth and operational improvement through the rest of this year and for the future, and we are targeting an increase in sales growth through the remainder of the period." 

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

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 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
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019