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Ocado sees sales increase

Ocado has seen its gross retail sales increase by 13.1% to £352.4m in the 13 weeks to 26 February this year.

Ocado has seen its gross retail sales increase by 13.1% to £352.4m in the 13 weeks to 26 February this year.

According to the retailer’s first quarter trading statement, the number of average orders per week grew by 16.7%, although the average order size fell by 1.6%.

Chief executive officer Tim Steiner said: “We are pleased with the steady progress and growth achieved in the period, as shoppers continue to embrace our proposition for online shopping. We believe our commitment to further improving the customer experience and service through constant innovation, supported by proprietary technology developments, will enable us to continue to grow ahead of the online grocery market, and substantially ahead of the market overall.

He continued: “The number of orders being picked at Andover, our newest CFC, continues to increase as expected.

“While the market remains very competitive, there are the first signs of a change in market pricing dynamics coming through. However, it remains too early to predict how this will unfold throughout the year, and in particular is dependent on any future currency movements,” he concluded.

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