Ocado posts uptick in fourth quarter sales
Online grocer Ocado increased its retail revenue by 10.8% to £429.1 million in the 13 weeks to 1 December.
The retailer also saw its average weekly orders rise by 10.4% to 350,000 although its average order size remained level with the same period last year at £104.90.
Ocado said its joint venture with Marks & Spencer, which was announced in February this year, will result in cheaper and better quality food than currently supplied with Waitrose. The retailer has now completed the range review for the M&S partnership and said it will add many more additional M&S lines.
Melanie Smith, Ocado Retail’s chief executive, said: “We have made good progress preparing for switchover date in September 2020, when the M&S food range will be available online for the first time. We are also planning fresh capacity, to offer customers more availability, and have new customer fulfilment facilities in Bristol and Purfleet, and a rebuilt state of the art facility at Andover, on the way. As a team, we could not be more excited.”
