Ocado forecasts faster sales growth March 5, 2012 Online grocer Ocado posted a double-digit rise in first-quarter sales and forecast an acceleration in sales growth as the year progresses, service initiatives kick in and distribution capacity increases. The company, which mostly sells the products of upmarket grocer Waitrose via a fleet of brightly coloured vans, said on Monday gross sales increased 10.9 per [...]
Ocado forecasts faster sales growth March 5, 2012 Online grocer Ocado posted a double-digit rise in first-quarter sales and forecast an acceleration in sales growth as the year progresses, service initiatives kick in and distribution capacity increases. The company, which mostly sells the products of upmarket grocer Waitrose via a fleet of brightly coloured vans, said on Monday gross sales increased 10.9 per [...]
John Lewis sales up despite snow February 17, 2012 Britain’s biggest department store chain John Lewis said sales rose last week as heavy snow prompted its shoppers to switch to the firm’s internet offer. The employee-owned retailer said on Friday its sales rose 4.1 percent to 52.3 million pounds in the week to February 11. “The start of the week saw the cold wind [...]
Tesco keeps on losing share to cut price rivals February 29, 2012 LEADING supermarket Tesco failed to increase sales as quickly as its rivals in the last 12 weeks, data out yesterday showed, while leaked documents showed the Co-op is well behind its sales targets already this year. Tesco’s sales rose 2.5 per cent in the 12-week period ending 19 February, compared with the same period last [...]
Patron saint of retailers says co-ops won’t work for everyone January 29, 2012 RESPONSIBLE Capitalism. Moral Markets. Whatever you call it, the debate raging around executive pay and “predator” business shows no sign of dying down. All political parties have tried to claim the issue as their own, but they have struggled to articulate what a fairer form of capitalism might look like. Enter John Lewis, the patron [...]
Ocado sales growth picks up January 31, 2012 Online grocer Ocado posted a 27 per cent rise in underlying earnings, forecast first-quarter sales growth of about 10 per cent and said the rate of growth should improve as the year progresses and capacity improves. The group said Tuesday it made earnings before interest, tax, depreciation and amortisation (EBITDA) of £27.9m in the year [...]
Ocado sales growth picks up January 31, 2012 Online grocer Ocado posted a 27 per cent rise in underlying earnings, forecast first-quarter sales growth of about 10 per cent and said the rate of growth should improve as the year progresses and capacity improves. The group said Tuesday it made earnings before interest, tax, depreciation and amortisation (EBITDA) of £27.9m in the year [...]
Ocado trading strong over festive period January 12, 2012 Online grocer Ocado reported a 16 per cent rise in sales in December, a slowdown from the 26.7 per cent posted a year ago, but said its focus on service and an absence of 2010’s snow helped it deliver nearly all orders on time. The company, which mostly sells the products of high-end supermarket chain [...]
Ocado trading strong over festive period January 12, 2012 Online grocer Ocado reported a 16 per cent rise in sales in December, a slowdown from the 26.7 per cent posted a year ago, but said its focus on service and an absence of 2010’s snow helped it deliver nearly all orders on time. The company, which mostly sells the products of high-end supermarket chain [...]
Ocado cuts its losses by 80 per cent and says its warehouse problems are solved January 31, 2012 OCADO said warehousing problems that prompted it to issue a profit warning last month were largely solved as the online grocer posted a pre-tax loss of £2.4m for the year to the end of November 2011. In its second set of preliminary results since its flotation in 2010, Ocado said it had cut its losses [...]