Tim Steiner news, comment and analysis
Tim Steiner is co-founder & CEO of Ocado Group. The Grocer covers his contributions to the online grocery automation space in news, comment and analysis.
-
NewsOcado Group focused on moving to positive cashflow after ‘strong’ first half
Ocado Group has delivered a ‘strong’ first-half performance as revenues increased 13.2% to £674m and underlying adjusted profits almost doubled
-
NewsMedia Bites 17 April: March retail sales, WH Smith results, Ocado Group shares
Purchases for Mother’s Day helped retail sales climb 1.1% last month, according to a British Retail Consortium-KPMG survey
-
NewsM&S chairman: online grocery is ‘a desert of profit’
‘There’s been more wealth destroyed by people trying to develop food online businesses than any other industry I can think of,’ said M&S chairman Archie Norman.
-
NewsMedia Bites 28 February: Ocado cuts jobs and seeks M&S payment
Ocado’s plans to scale back its research and development workforce have generated headlines this morning
-
NewsJob cuts: Ocado to slash headcount of R&D team as it eyes AI productivity gains
The move was ‘absolutely to keep a rein on costs and drive towards being cash flow positive’ CEO Tim Steiner said
-
NewsOcado’s strong grocery sales help cut losses
Ocado Retail, its joint venture with M&S, saw revenue jump 13.9% last year
-
NewsMorrisons ditching Ocado CFC in favour of store pick for online orders
The supermarket has been working with Ocado since 2013, sharing capacity at two of its customer fulfilment centres in Dordon and Erith
-
NewsOcado Group appoints tech veteran as new chair
Adam Warby was a founding member of the IT consulting and services Avanade Corporation and served as its CEO for 11 years
-
NewsCity snapshot: Volumes fall at AB InBev and Carlsberg amid tough consumer backdrop
Volumes at brewing giants AB InBev and Carlsberg have declined in the third quarter, with both groups coming in below market expectations. Plus, Sainsbury’s sells Argos credit card business, Ocado appoints new chairman and Q3 updates from Haleon and Coca-Cola HBC
-
NewsDeliveries commence from Ocado-operated Coles CFCs in Australia
The launch of the sites had been delayed by over a year, in order to “rectify construction issues” at the Melbourne site
-
NewsCity snapshot: Shop prices fall for first time in three years
Shop prices have fallen for the first time in almost three years as non-food retailers tempted shoppers with deep discounts in a bid to shift summer stock
-
NewsCity snapshot: Gusbourne up for sale as Lord Ashcroft considers options
Gusbourne is the latest English winemaker to be put up for sale, revealing this morning that Lord Ashcroft is open to selling his majority shareholding. Plus, Ocado announces “significant development” of its partnership with North American grocer Kroger
-
NewsCity News: Rollercoaster week as Ocado shares rebound on earnings upgrade
It’s been another rollercoaster week in the life of Ocado, as the under-fire online supermarket suffered a share price plunge on Monday on a broker downgrade – only to bounce straight back the next day on an earnings upgrade
-
NewsOn-demand grocery hits 80 million orders worth £2bn
The channel’s value has shot up from almost nothing five years ago
-
NewsMedia Bites 17 July: Ocado, grocery market share, B&M
Ocado is still committed to its London listing even after it was relegated from the FTSE 100 earlier this year, its boss has said
-
NewsOcado CEO takes aim at ‘ludicrous’ growth predictions of rapid delivery players
‘There was a lot of talk about two years ago that they were going to destroy Ocado Retail… We told you back then that their model wasn’t sustainable’
-
NewsCity snapshot: Global shift to online grocery resumes as Ocado cuts losses
Online grocer Ocado has almost halved its first-half losses amid a double-digit increase in revenues as the ‘global channel shift to online has now resumed’
-
NewsCity snapshot: Carlsberg agrees £3.3bn takeover offer with Britvic
Carlsberg has struck a deal to buy Britvic for £3.3bn as the soft drinks group agreed to a renewed higher offer from the Danish brewer. Plus, a Q3 trading update from Britvic and Ocado continues to expand its partnership with Japan’s Aeon
-
Analysis & FeaturesHow much are the top supermarket bosses paid?
From the lowest to the highest, here are the salaries of the UK’s leading supermarket bosses
-
NewsOcado strikes customer acquisition deal with Getir
Discounts have been sent to former Getir and Gorillas customers urging them to shop with Zoom by Ocado