Ocado sales rise as joint venture with Marks & Spencer goes live

Ocado reported a quarterly sales rise

Ocado Retail, the newly formed joint venture between the online grocer and Marks & Spencer, has posted an increase in quarterly revenue and orders, but the average order size edged down.

Ocado reported an increase in retail revenue of 11.4% to £386.3m in the period to September 1. Average orders per week were up 12.1% to 314,000. However the average order value of £105.42 was down 0.8%.

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