Ocado sees sales swell ahead of Morrisons partnership
It's been a really good 12 weeks for Ocado with confirmation that they'll be partnering up with Morrisons from early 2014.
The e-grocer has seen gross sales up 18.8 per cent on the same 12 weeks to mid-August last year, reaching £189.2m (release).
Orders are also looking more healthy. Per week numbers have risen 15.3 per cent in the 12 weeks to 11 August, from the 12 weeks to 5 August. Order size is up a percentage point also.
Tim Steiner, chief executive officer of Ocado, said:
We are encouraged by the continuing momentum in sales growth, reflecting an increase in both orders and basket size.
During the period, we successfully completed our agreement with Morrisons. We now look forward to the launch of this business in early 2014, firmly endorsing our operating model and IP for online grocery services.