Online retailer Ocado will continue to grow ahead of the online grocery market, predicted its boss Tim Steiner, as it posted group sales up by 19.2% for the 12 weeks to February 22.
Fears remain over the long-term viability of Ocado’s contract with Waitrose as the upmarket supermarket looks set to develop as a direct competitor to the online retailer, a leading analyst claims.
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.
Rising pre-tax losses at Ocado, the online grocer and logistics business, are casting “a long shadow over the firm”, according to one retail consultant, as the firm’s commercial director announces his decision to leave the firm.
Online grocery distribution business Ocado will not deliver cash flow growth in the short term, according to City analyst Shore Capital, after the online grocery distribution business released its results for the 16 weeks to December 1 2013.
If Marks & Spencer wants to compete with Waitrose in the long-term it should embark on a radical restructure of its property portfolio, develop a full-range convenience offer at its high street stores and make a serious move into online food shopping,...
