Ocado confident online buying here to stay, announce Spain deal
The Peninsula
LONDON: Britain's Ocado said demand for its grocery business and technology remained strong after it announced a 20% rise in first-half retail revenue on Tuesday and a new contract in Spain.
The online grocer said the pandemic had resulted in a permanent shift to web-based shopping, helping drive demand for groceries it sells with partner Marks & Spencer and for its technology which helps retailers expand online. Its retail revenue for the 26 weeks to May 30, a period when Britain was mostly lockdown, rose 20% to 1.2 billion pounds ($1.66 billion).More Related News