Ocado

Marks & Spencer ‘Not Unhappy’ With Ocado, Says Chairman

Marks & Spencer is “not unhappy” with the current performance of Ocado Retail, according to the company’s charman Archie Norman.

Total till sales in UK supermarkets slowed (+1.1%) in the last four weeks ending 15 June 2024 on wet weather, according to NIQ.

Ocado, the online retailer and technology group, has paused the opening of a fourth warehouse with Canadian partner Sobeys.

UK grocery inflation fell for a sixteenth month in a row in June, data from market researcher Kantar showed on Tuesday.

Total till sales in UK supermarkets remained strong in May at +3.3% growth for the four weeks ending 18 May 2024, according to data from NIQ.

Marks & Spencer has reported a 58% increase in annual profits, ahead of market expectations, as it published results on Wednesday.

Grocery inflation in the UK fell for the 15th month in a row in May to reach 2.4% – its lowest level since October 2021, according to Kantar.

Online retailer Ocado, discounter Lidl and supermarket Marks & Spencer were the UK’s fastest-growing grocers in the Q1.

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