We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Ocado Reports Sales Growth Despite Supermarket Price Wars

September 16, 2015: 12:00 AM EST
Online grocery store Ocado reported gross retail sales rose 15.3 percent to £252 million in the quarter ending August 9, 2015, compared with the same period in the previous year. Sales growth, however, slowed from the 16.2 percent in the previous three months, while its average basket size declined 1.1 percent to £110.46 from the same period a year ago. According to analysts, falling prices in the retail sector, driven by price-cutting moves by the Big Four players, are adversely affecting Ocado’s sales.
Roger Baird, "Ocado sales rising as supermarket price wars intensify", Belfast Telegraph, September 16, 2015, © Belfast Telegraph
Domains
RETAIL BUSINESS
Market News
Online
Operations
Products & Pricing
Strategy
Geographies
Worldwide
EMEA
Europe
United Kingdom
Categories
Companies, Organizations
Earnings Release
Market News
Developed by Yuri Ingultsov Software Lab.