Disappointing sales figures and the high costs of store closures have impacted the results of Marks & Spencer. To finance the recent deal with online player Ocado, the British retailer will now issue new shares.
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The deal between Marks & Spencer and online grocery service Ocado will go beyond delivering food at home: apparel and accessories may soon be delivered along with the weekly groceries as well.
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Marks & Spencer and online retailer Ocado are launching a joint venture: M&S will now have a food delivery service as it buys Ocado's Waitrose customers for 750 million pounds (about a billion euros).
A new ecosystem in food is on the rise, where retailers, producers and service suppliers try to work together in order to better serve the customer. Paramount in this collaboration: data. We have summarised this and some of the other lessons we have learned during the first RetailDetail Food Congress in a convenient list.
Is e-commerce in food a feasible business model? The answer is yes, according to British Ocado, a pure player that is much more than just a webshop...
Ocado has reached an exclusive agreement with Swedish supermarket chain ICA to build its online grocery business. It is the third international partnership for the British online retailer, after collaborations with Groupe Casino and Sobeys.
French supermarket group Casino signed a deal with British online retailer Ocado. It will use the British infrastructure to help grow its own online shops.
According to a new Kantar Worldpanel report, online grocery sales grew 30 %, in stark contrast with the overall 1.3 % increase. Online sales now contribute 4.6 % to the overall FMCG sales, but that will grow to 10 % (145 billion euro) by 2025.
British online supermarket Ocado has trialed its self-driving delivery car for the first time. The car has room for eight orders, and for two drivers that are still present in the car for safety reasons.
British online food retailer Ocado has signed a deal with "a non-UK European retailer", a first for the online retailer that invested a lot of money to develop a highly innovative software platform and centralised warehouse system.
British Ocado, one of the pioneers when it comes to online supermarkets, managed to increase its turnover, profit and number of customers in 2016.
British supermarket chain Morrisons expanded its deal with Ocado Group, so that it can ramp up its online presence even more. Customers all across the United Kingdom will soon be able to order online.