Ocado boss says Covid has changed the groceries market 'for good'
3 years, 6 months ago

Ocado boss says Covid has changed the groceries market 'for good'

Daily Mail  

Ocado boss Tim Steiner said the pandemic has resulted in a permanent change to the groceries sector Ocado boss Tim Steiner declared the pandemic has changed the groceries market ‘for good’ after the online shopping firm posted another set of bumper sales. And although shoppers are cutting down how much they buy on Ocado’s online platform as lockdown restrictions ease, Steiner said the pandemic has resulted in a permanent change to the groceries sector. Steiner said: ‘As we head towards a post Covid-19 future, it is increasingly clear that the landscape for grocery worldwide has changed, for good.’ Shares in Ocado dipped 4.2 per cent, or 83.5p, to 1901.5p. Ocado will provide its ‘smart platform’ to Alcampo’s, using a robot warehouse that will serve Madrid from 2024, with potential to expand to the 12 other countries Auchan operates in.

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History of this topic

Middle class shoppers flock back to Ocado... but Asda reels as sales slip
8 months, 2 weeks ago

Middle class shoppers flock back to Ocado... but Asda reels as sales slip

Daily Mail  

Ocado was yesterday named the UK’s fastest growing supermarket for a second month in a row – while Asda is the only major player to see sales fall. In a closely watched update on the state of the grocery market, industry research group Kantar said Ocado sales were 12.5 per cent higher in the 12 weeks to April 14 than …

Ocado lures back middle class shoppers as it's named UK's fastest growing supermarket
9 months, 1 week ago

Ocado lures back middle class shoppers as it's named UK's fastest growing supermarket

Daily Mail  

The boss of Ocado said it has ‘hit the ground running’ this year as it was named the fastest growing supermarket in Britain. Hannah Gibson, chief executive of the online grocer’s joint venture with Marks & Spencer, said it made a ‘strong start to the year’ as price cuts and an expanded range enticed middle-class shoppers back. Delivering the goods: …

Ocado reveals £394m loss as sales improve
10 months, 1 week ago

Ocado reveals £394m loss as sales improve

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ocado has posted a £394 …

Ocado bets on shopping ‘fad’ to win back customers
1 year, 5 months ago

Ocado bets on shopping ‘fad’ to win back customers

The Telegraph  

As Britain started to emerge from lockdowns in the middle of 2021, Ocado was riding high. The grocery sector was changed “for good” by the pandemic, boasted the online supermarket’s chief executive, Tim Steiner. Not only were at-home deliveries more convenient, but Steiner believed they were also safer as customers shopping online were less likely to catch “anything nasty”, even …

Ocado suffers first ever drop in sales as shoppers turn to Aldi and Lidl
1 year, 11 months ago

Ocado suffers first ever drop in sales as shoppers turn to Aldi and Lidl

The Telegraph  

Ocado has reported its first ever annual fall in grocery sales as the cost-of-living crisis forced shoppers to put fewer items in their baskets. The online supermarket’s average basket value slipped 1.3pc to £117, despite inflation putting up prices, as customers bought fewer items and shopping less frequently. Hannah Gibson, chief executive of Ocado Retail, said customers were buying more …

Ocado set to post grocery growth in latest festive update
1 year, 11 months ago

Ocado set to post grocery growth in latest festive update

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tuesday’s update comes after two weeks of UK retail …

Ocado set to post grocery growth in latest festive update
1 year, 11 months ago

Ocado set to post grocery growth in latest festive update

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tuesday’s update comes after two weeks of UK retail …

Eyes on inflation impact as Ocado to report
2 years, 5 months ago

Eyes on inflation impact as Ocado to report

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Mould said that the fall “reflects inflation, higher …

Eyes on inflation impact as Ocado to report
2 years, 5 months ago

Eyes on inflation impact as Ocado to report

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Mould said that the fall “reflects inflation, higher …

Ocado aims for supermarket sweep as online shopping star rises
4 years, 5 months ago

Ocado aims for supermarket sweep as online shopping star rises

The Telegraph  

‘It was frantic,” says Tim Steiner, the co-founder and chief executive of Ocado. It went from ‘oh look, there’s a lot of demand’ to ‘holy s---, what’s happening now?’.” As households locked down and flooded the Ocado website in March, tens of thousands of customers were left staring at a virtual queue with slim hopes of gaining entry, never mind …

Coronavirus panic-buying: As supermarkets ration items, should customers be stockpiling?
4 years, 8 months ago

Coronavirus panic-buying: As supermarkets ration items, should customers be stockpiling?

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ocado warned customers they were facing “exceptionally high demand” for delivery slots, while elsewhere …

Supermarkets look to pool resources to fight coronavirus as Ocado shuts
4 years, 9 months ago

Supermarkets look to pool resources to fight coronavirus as Ocado shuts

The Telegraph  

Ocado has temporarily shut down its website and halted all new orders amid an unprecedented surge in demand, as supermarkets urged the Government to allow rival stores to open on alternate days and to share staff. The online supermarket last night joined a growing number of retailers to introduce emergency measures to cope with panic buying in response to the …

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