Supermarket visits fall on coronavirus face mask rules August 18, 2020 British shoppers paid fewer visits to supermarkets in the wake of new rules making face masks mandatory, new data has revealed. The number of visits to UK supermarkets was 2m lower than expected in the week after the rule was adopted, according to Kantar. Charlotte Scott, Kantar’s consumer insight director, said the decline showed people [...]
Card Factory opens new distribution centre to cope with surge in online demand May 6, 2020 Card Factory has opened a new distribution centre to keep up with a surge in online orders during the coronavirus lockdown while maintaining safety measures for warehouse staff. The retailer said the Card Factory website saw sales soar 267.5 per cent during lockdown, while its Getting Personal brand reported a 57.5 per cent jump in [...]
Audit watchdog closes investigation into Tesco accounting scandal June 8, 2020 The Financial Reporting Council (FRC) has announced the closure of its remaining investigation into accountants at Tesco, ending a six-year probe linked to an overstatement of profit by the supermarket chain. The FRC said this morning it was closing an investigation into Tesco’s announcement in 2014 that it had overstated profits by £263m, a figure [...]
Ocado strikes factory deal with Australian grocer Coles a month after £1.5bn Marks & Spencer tie-up March 26, 2019 Ocado has agreed a deal to provide two robot-operated fulfillment centres for Australian grocer Coles Online, as it doubles down on its growing role as a retail technology supplier. Read more: Ocado shares burn after 48-hour blaze at robotics centre The online supermarket will build and operate the customer fulfillment centres in Sydney and Melbourne, [...]
FTSE 100 and US stocks climb as investor fears ease October 16, 2020 The FTSE 100 rebounded as investors returned to risk assets, having dumped them yesterday amid worries over new coronavirus restrictions, while US stocks rose on vaccine hopes and upbeat retail sales data. London’s main stock index climbed 1.7 per cent in afternoon trading to stand at 5,929 points. That followed a 1.7 per cent tumble [...]
Now hiring: DPD bets big on online delivery market with 6,000 new workers and £200m spending spree June 18, 2020 Delivery giant DPD is hiring 6,000 new workers in order to keep up with demand from “the biggest boom in online retailing in the UK’s history” as a result of the coronavirus lockdown. The firm said it would also put £200m extra cash into its network, as part of an “unprecedented investment in our infrastructure [...]
Ocado’s warehouse robots help it boost third quarter revenue September 18, 2018 Online grocer Ocado today revealed rocketing revenue in its third quarter, driven by a growth in orders and improved capacity at its robotic warehouses. The figures It grew revenue by 11.5 per cent to £348.6m in revenue over the three months to the start of September. Read more: Asda to end price guarantee scheme in [...]
Ocado’s warehouse robots help it boost third quarter revenue September 18, 2018 Online grocer Ocado today revealed rocketing revenue in its third quarter, driven by a growth in orders and improved capacity at its robotic warehouses. The figures It grew revenue by 11.5 per cent to £348.6m in revenue over the three months to the start of September. Read more: Asda to end price guarantee scheme in [...]
Rolls-Royce crashes to £5.4bn first-half loss on Covid-19 hit August 27, 2020 Engine-maker Rolls-Royce said today it had swung to a loss of £5.4bn for the first-half following the economic shock of the Covid-19 pandemic. The aero giant said revenue crashed 26 per cent to £5.8bn and reported a post-tax loss of £5.4bn and an underlying post-tax loss of £3.3bn in the six months to 30 June. [...]
A tie-up with Ocado could signal a long overdue step into food delivery for M&S January 28, 2019 If 2018 was the year of profit warnings for retailers, 2019 looks set to be the year of closures. Last week it was the turn of Paperchase to be reportedly mulling a possible sale and store closures, joining the likes of HMV and French Connection in search for a rescue bidder. It is within such [...]