Ocado sales climb as customers add M&S lines to baskets
Online grocer Ocado has reported a surge in quarterly sales, helped by demand for food from joint venture partner Marks & Spencer.
Ocado’s retail revenue increased 40% to £599m in its first quarter “reflecting strong demand for online grocery”, which has grown during the pandemic.
Ocado’s average order size was £147 in the 13 weeks to February 28, which Ocado said was down to “seasonal strength” over the festive period “and a temporary reversal of the trend towards normalised shopping behaviour in response to further national lockdown measures in the UK”.
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