Ocado concerns the market despite earnings upgrade
Analysts look at the deceleration in sales although the online grocer is expected to hold market share gains even post-pandemic
Company
Ocado Group PLC
LON:OCDO
Ocado was launched in partnership with Waitrose in January 2002, and delivers quality groceries across selected areas of England and Wales. Our business was conceived with one simple objective in mind: to offer busy people a true alternative to going to the supermarket every week. By doing this, we created a totally new shopping experience, built entirely around our customers’ needs. By fulfilling orders from a dedicated warehouse, we can show virtually live inventory on our webshop, enabling customers to choose from a range of groceries that are actually in stock. By using unique logistics software and satellite navigation systems in our vans, we strive to deliver the right goods at the right time.
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There has been a higher average weighting of M&S products customers’ online baskets than Waitrose prior to the switchover
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The online grocery giant will be eyed closely for an update on its delivery partnership with M&S, which kicked off at the start of September
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Britain's blue-chip benchmark finished nearly six points down, or 0.10%, at 6,026. The pound added 0.57% against the US dollar
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Ocado, Next and Trainline among key updates in week ahead, Fed and BoE eyed for interest rate news
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