Why retailers' big bet on an online shopping boom went so disastrously wrong
E-commerce shares plunge as the high street pulls off an unlikely post-lockdown renaissance
Source: telegraph.co.uk
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Investegate |Ocado Group PLC Announcements | Ocado Group PLC: Directorate Change
Investegate announcements from Ocado Group PLC, Directorate Change
Source: investegate.co.uk
Ocado revenue drops despite distribution centre successes
Ocado has spent the past six months rolling out new customer fulfilment centres and signing partners for its smart platform, but the cost-of-living crisis still sees revenue taking a hit.
Source: computerweekly.com
The COVID benefits are fading, but Ocado CEO Tim Steiner is still set on re-imagining online retail
The heady days of online grocery shopping during the pandemic may have passed, but there's a new equilibrium setting in, says Steiner.
Source: diginomica.com
Ocado losses hit £211MILLION: Online grocer blames cost-of-living crisis for customers cutting back
Ocado said its decline in sales was driven by 'changing customer shopping behaviours as the trend towards shopping smaller baskets' was compounded by the cost of living crisis.
Source: dailymail.co.uk