Thursday, 12 September 2013

Ocado Sales Rise As Customer Numbers Increase

Ocado said this morning that sales rose after growth in customer numbers increased orders at its website.

The retailer said gross sales, including vouchers and VAT, increased 18.8 per cent to £189.2 million in the 12 weeks to August 12. The number of orders increased 15.3 per cent to an average of 138,889 per week.

It said the amount spent on each order increased 1 per cent to £113.54 after it added 33,000 extra products.

Chief executive Tim Steiner said: 'We are encouraged by the continuing momentum in sales growth, reflecting an increase in both orders and basket size. We remain focused on improving the proposition to customers to make it easier for consumers to shop at Ocado, from an ever wider range, and at competitive prices. This should support further growth as the demand for online grocery shopping continues.'

The company confirmed its partnership with Morrisons resulted in payments of £138.3 million and the full repayment of the bank facility. Morrisons also confirmed today that it was on track to launch its food delivery service from Ocado's Dordon distribution facility by January.

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