Tim Steiner news, comment and analysis – Page 4
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NewsOcado confirms four more Zoom sites but planned rollout slows
The announcement signals a slowdown in Ocado’s ambitions for Zoom’s rollout
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NewsCity snapshot: Ocado’s annual loss grows by £125m as investment hits bottom line
Ocado’s annual losses ballooned to £176.9m last year despite continued top-line growth as investment in technology hit earnings
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NewsMedia Bites 3 February: KP Snacks, Nestlé, Tesco, Pret a Manger
KP Snacks has warned there may be a shortage of some of its popular crisps and nuts following a ransomware attack and Nestlé confirms closure of factory near Newcastle.
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Comment & OpinionWith Reimagined technology, Tim Steiner is out to prove Ocado’s still got it
At a big presentation, Steiner set out to reaffirm the big centralised CFC model was best, while at the same time showing Ocado’s tech was adaptable enough to meet the needs of those that disagree
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NewsOcado reveals ‘game-changing’ new robots and software
Ocado showcased the new developments to investors this week
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NewsMedia Bites 27 January: Ocado, GoPuff, CPI, Pets at Home
News from Ocado about its new technology of robots to make picking online groceries even quicker filles the papers this morning.
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NewsCity snapshot: Ocado sales dented by labour shortage
Ocado sales fell back 4% in its fourth quarter as labour shortages, temporary capacity contrants and the normalisation of consumer shopping behaviour dented the online supermarket’s growth. Plus, store growth boosts Pepco’s profits and grocery sales fall back in November.
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NewsMedia Bites 15 Sep: Ocado, Gail’s, Morrisons
Ocado has been left nursing losses of £10m after a major fire at its biggest robotic warehouse knocked £35m off sales
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NewsCity snapshot: Ocado sales drop 10.6% as Erith fire and online slowdown hits growth
Ocado Retail has announced a 10.6% drop in third quarter revenues as it suffered the effects of a fire at its Erith customer fulfilment centre and exceptional strong comparatives from 2020. Plus, CD&R strikes agreement with Morrisons pension scheme trustees, grocery sales fall and all the rest of the latest news from the City.
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NewsOcado launches second biggest CFC, in Purfleet
Ocado Retail’s sixth CFC opening coincides with the one-year anniversary of its switchover from Waitrose to M&S
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NewsJiffy not for sale says co-founder, following spate of rapid grocery acquisitions
Vladimir Kholiaznikov said Jiffy would grow steadily, unlike competitors who were “blitz-scaling without a purpose”.
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Comment & OpinionDeliveroo’s Will Shu is enthused by ultra-fast dark store grocery. Now what?
There are strong indications Deliveroo is planning to respond to the threat posed by ultra-fast delivery businesses
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Comment & OpinionDespite Tim Steiner’s reservations, there is plenty of confidence in the ultra-fast delivery model
Technological advancements are springing up in the most unlikely of retailers
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Analysis & FeaturesIs Ocado’s Tim Steiner right to shrug off ultra-fast grocery delivery?
A slew of ultra-fast players – from Getir to Gorillas and Weezy – have entered the UK market, but Ocado’s Tim Steiner has dismissed them as a fad
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NewsB&M staging its own jobs fair in push to fill posts from stores to head office
The variety discounter is appealing for candidates to come along without an appointment to the event at its head office
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Comment & OpinionRetailers and suppliers need to keep up with the rapid pace of change in grocery
As we start to emerge from Covid, it will be all change once again, says Jeremy Garlick, partner at Insight Traction
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Comment & OpinionOnline is the new convenience. Mults have to keep up with the 10-minute delivery model
The major supermarkets need to work fast to succeed as shoppers shift to less profitable online sales, says David Sables, CEO of Sentinel Management Consultants
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NewsMedia Bites 7 July: Morrisons, Sainsbury’s, Ocado
Ministers will ask to meet with Morrisons’ management to seek assurances about its future following a US takeover bid
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Comment & OpinionWhy Ocado’s Tim Steiner isn’t rattled by new ultrafast delivery players
The likes of Getir and Gorillas are catering for a different consumer, the Ocado CEO argues
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NewsOcado deploys lorry drivers to help struggling suppliers
The business has also increased stock levels to shore up availability amid the ongoing lorry driver shortage