Ocado reported an annual sales rise of 15.3%

Ocado reported an annual sales rise of 15.3%
Ocado delivery driver with branded van
Ocado delivery driver with branded van

Ocado has posted an annual sales rise of 15.3 per cent in the 12 weeks to 21 February 2016. The online grocery retailer, recorded sales of £312.4 million in the period the data covers – up from £271.1m for organic produce. Ocado said, the number of average orders per week was up to 214,000, a rise of 16.9 per cent from the 12 weeks to 22 February 2015.

Reflecting the current grocery economic climate, average basket spend was down 2.9 per cent to £111.41.Its a challenge to maintain double digit sale growth in a retail environment. and post period end we shipped over 250,000 orders in a single week said Ocado CEO Tim Steiner. “We believe our focus on customer satisfaction and commitment to improving what we offer to consumers through innovation will support further growth. It’s difficult to withstand and we expect to continue growing beyond online grocery market the tough nature of the marketplace, Ocado – which was founded by three former Goldman Sachs bankers in 2000 – said it expected to renew a deal with Morrisons this year, even though its key customer recently reached a supply agreement with Amazon.

Morrison’s separate deal with Amazon is a wholesale agreement where Morrisons will supply Amazon with its products and Amazon will control how much it charges customers for them. To distribute online products Morrisons is using Ocado.

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