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Ocado news and analysis – Page 41
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NewsOcado slashes losses as IPO is confirmed
Ocado has cut its operating losses by almost two-thirds in the past six months, as the online retailer gears up for its long-awaited stock market flotation.
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Second Opinion: Is Ocado a sound investment?
Top marks for its customer service, but profitability is another matter, says Clive Black
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Ocado share offer to loyal shoppers might backfire, say analysts
Ocado's move to promise loyal customers the first chance to buy shares if it floats on the stock market this summer could end up backfiring on the business, analysts have warned.The online grocer, which despite raising more than £350m...
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NewsOcado touts shares to half a million shoppers
Ocado has written to 500,000 customers offering them the chance to buy shares, as the online grocer gears up for its widely trailed stock market flotation.
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Ocado hails passing 100,000 order mark
Ocado founders are "grinning from ear to ear" having hit 100,000 orders last week a milestone they say is "proof" their business model is succeeding.
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Combined online grocery sales bigger than Waitrose
People now spend more money grocery shopping online than they do in Waitrose stores, new data seen by The Grocer reveals.The combined online grocery share of Tesco, Asda, Sainsbury's, Ocado and WaitroseDeliver grew from 3.6% to a record...
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Ocado to use flotation funds for new depots
Ocado is planning to plough money generated by floating on the Stock Exchange into at least one new distribution centre, either in the Midlands or the south of England, sources close to the retailer have claimed.
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NewsTime’s up for Ocado’s newspaper tie-in
Ocado customers will no longer get a free copy of The Times after News International decided to cut its bulk distribution of papers…
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NewsOcado allows shoppers to review goods
Ocado is launching a service that enables shoppers to review products online…
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Daylesford Organic adds Ocado listing
Daylesford Organic has secured online distribution with Ocado for 57 of its products as it seeks to extend availability beyond its luxury shop estate.Condiments, jams, sweet and savoury biscuits, milk, drinking yoghurts and meals made...
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Ocado prepares cuts at depot to replicate store counter service
Ocado has employed 25 butchers and fishmongers to prepare more than 100 new meat and fish products. The staff will work in a newly constructed kitchen in Ocado's Hatfield HQ and prepare cuts to order. As well as weight, customers can...
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Ecover concentrates on improving sales
Struggling household brand Ecover is locking horns with Unilever and P&G with its debut concentrated laundry cleaner.The bio and non-bio concentrates (rsp: £5.69) have been on trial at Waitrose and Ocado for three months but will be...
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Ocado takes value tack as Everyday up to 400
Ocado will expand its exclusive range of Ocado Everyday products, launched at the end of last year to provide more value in its bottom tier, in a move that provides further distance from the Waitrose range it currently stocks. In...
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NewsPicture This...Grocery shopping? there's an app for that
"This is grocery shopping 2.0," said Jason Gissing, the former Goldman Sachs banker and Ocado co-founder, who this week launched an iPhone application designed to make shopping for Ocado groceries easier than ever - at least for those who own an...
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Everyday lines to be extended by Ocado
Ocado is planning to extend its budget own-label Everyday range because it has been "trading in a very popular manner" since it was rolled out late last year.
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Ocado sticks to its guns over price match policy
Ocado has vowed to continue advertising its pledge to match Tesco prices on branded products, despite a ruling by the Advertising Standards Authority (ASA) that two adverts published last year breached its code. The price match claim could...
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Editor's Comment: As Ocado adds scale, it can increase profits exponentially
The UK's fastest-growing grocery retailer is probably not who you might think, says Adam Leyland
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Asda online sales up 60% as web delivers 35% growth to £3bn
Shoppers spent an extra £1bn on online groceries in the past year, new research seen exclusively by The Grocer reveals. Online sales of groceries at Tesco, Asda, Sainsbury's and Ocado increased 35% to £2.9bn [TNS 52w/e 22 March 2009] to account for...
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Ocado founders buy Russian land with view to grow cereal
The three founders of Ocado Jon Faiman, Tim Steiner and Jason Gissing, have bought a chunk of land in Russia and are planning to grow cereals. It emerged this week that Faiman, who held the position of chief operating officer, left the...