Ocado Group PLC Sponsored ADR (OCDDY)
Ocado warehouse issue leaves hundreds without Christmas essentials
Hundreds of Ocado customers have been left without vital Christmas shopping due to an issue at one of the online grocer's fulfilment centres. Some were said to be missing chilled and frozen products, while others claimed to be without dozens of items, a report by the Mail Online said.
Morrison's rejig to Ocado contract a 'red flag' for online grocery group - analyst
The decision by Morrison Supermarkets to reduce its use of Ocado Group PLC robot-run warehouses is another example of grocery chains around the world scaling back expansion plans with the online delivery specialist, according to analysts at AJ Bell. “The ground beneath Ocado's feet continues to crumble," they said, following decisions by several clients in the US and Canada.
Ocado bids to boost capacity as partner Morrisons reshuffles distribution
Ocado Group PLC (LSE:OCDO) has said partner Morrisons will no longer take deliveries from its Erith distribution centre, paving the way for its grocery venture to build capacity. Morrisons will rather build volumes from Ocado's Dordon distribution site and expand use of the grocery technology firm's artificial intelligence-powered online network.
Britain's Ocado says partner Morrisons to cease deliveries from Erith site
British online supermarket Ocado Group said its partner Morrisons will gradually cease deliveries from its robotic warehouse in Erith, in London, and will instead increasingly utilise a site in Dordon, central England.
Ocado and Tesco outpace grocery market growth as Christmas shopping starts early
Ocado Group PLC (LSE:OCDO), Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) all outgrew the wider grocery market as supermarkets enjoyed their best month of the year. Over the four weeks to 3 November, take-home sales at the grocers increased 2.3% to £11.6 billion over the four weeks to 3 November – the biggest sales period of the year so far.
Ocado's new chair points at effort to push into new sectors
Ocado Group PLC (LSE:OCDO) has appointed IT and consulting veteran Adam Warby to be its new chairman. He will join the board as an independent non-executive director from tomorrow, 1 November, before assuming the role of chair on 1 December, when current chair, Rick Haythornthwaite, will step down from the board after four years at the head of the table.
Ocado names Adam Warby as new chair
Ocado , the British online supermarket and technology group, on Thursday named Adam Warby as its chair from Dec. 1, succeeding Rick Haythornthwaite.
Ocado Group reportedly tapping former Microsoft exec as new chair
A former Microsoft Corp executive has been tapped to replace Ocado Group PLC (LSE:OCDO)'s chairman from next month, according to a Sky News report. If confirmed, Adam Warby, whose LinkedIn profile also cites senior positions at private equity giant KKR and Microsoft IT partner Avanade, would replace existing chair Rick Haythornthwaite.
Virgin Wines strikes Ocado deal
Virgin Wines UK PLC (AIM:VINO) has announced a new partnership with Ocado.com, allowing Ocado customers to buy individual bottles of wine from the Virgin Wines portfolio for the first time. Starting on October 2, 50 wines selected by both Virgin Wines and Ocado will be available through Ocado's platform.
