The UK’s online grocery market – valued at £9.57bn a year – is the globe’s second largest after China and is poised for further rapid growth, predicts the grocery think tank IGD.
Morrisons is trying to turnaround poor sales and boost its slow-starting online business by giving cash to customers in conjunction with third-party rewards platform Quidco.
Online grocery business Ocado “doesn’t work” when measured by its ability to deliver earnings, City analyst Shore Capital has concluded, after the business delivered its interim business statement for the 12 weeks to February 23.
UK online sales of food and groceries are set to more than double in value to reach £14.6bn by 2018, while Morrisons recently unveiled plans to launch online deliveries next month.
