Category Archives: Retailer News

Ocado Does Good in Canada

Ocado's share price surged on news that it has signed a second international deal that will help its bid to become a major supplier of technology to the grocery industry. Ocado will spend two years helping Sobeys, Canada’s second-largest food retailer, build a warehouse outside Toronto and will allow the chain to use its ecommerce, product picking and logistics technology to take and deliver orders. Ocado expects the deal to have minimal impact on its earnings this year with an extra Read more [...]

Morrisons launches online delivery from stores

Morrisons has extended the reach of its home delivery service with the launch of direct deliveries from stores in North-East England. The new service will provide access to for around half a million shoppers, including the major population centres of Sunderland, Middlesbrough and Darlington. This a region currently beyond the reach of Ocado's fulfilment centres which provide the backbone of Morrisons online service. A successful launch here is likely to lead to the Read more [...]

Amazon Buys Whole Foods In a move that surprised many last week, Amazon announced its intention to purchase Whole Foods for $13.7B in cash.  Amazon had been dabbling with traditional brick-and-mortar activities for a few years already - from owning a few physical stores to running experiments like “Amazon Fresh” and “Amazon Go” (more on this later). When the news broke last week, critics Read more [...]

Best online grocery shopping 2016 UK There is quite a range of stores offering online groceries in the UK: Tesco Asda Sainsbury’s Ocado Waitrose Morrisons Iceland Amazon Pantry All have established services, and Poundland has entered the fray recently. The big hitters all feature developed sites that are well laid out and offer comprehensive ranges of fresh food, drinks, and household goods. Functionality is Read more [...]

Ocado Share Price Jumps Eight per cent After Marks & Spencer Rumoured to be New Customer

Ocado's share price jumped by more than six per cent yesterday amid rumours that the firm will team up with Marks and Spencer to deliver food. Last week, M&S chief executive Steve Rowe confirmed that a team was investigating a food delivery trial for the autumn. Subsequently, reports emerged that Ocado was in line to partner with M&S when it moves into the delivery business. M&S has not confirmed the rumours. However, investors are clearly hoping that a deal with Ocado goes through; Read more [...]

Amazon Go – What Is It & How Does It Work?

Amazon Go is a brick-and-mortar grocery store The Seattle-based store will open to to the public in 2017 The store features 'Just Walk Out' tech and works with an app You can just walk in to Amazon Go, grab items, and leave There's no need to wait in line or even check-out at a register Amazon has described Amazon Go as "a new kind of store with no checkout required". That means, when you shop at Amazon Go, you'll never have to wait in line. The Read more [...]

M&S to cut 60 clothing and home stores & 53 International Stores (2100 employees)

From BBC - Marks and Spencer has announced that over the next five years it will have 60 fewer clothing and home stores, of which 30 will close down. The rest will be turned into food stores and chief executive Steve Rowe also plans to open 200 new Simply Food shops as part of turnaround plans. The retailer said it would also exit 10 loss-making international markets. Its announcements came as M&S reported falling sales and profits in the six Read more [...]

Tesco Bank Breached

From BBC - Tesco Bank's chief executive has blamed "a systematic, sophisticated attack" for the money taken from 20,000 of its customer accounts. Benny Higgins said the bank knew "exactly" what the attack was, but could not say more because it was part of a criminal investigation. He said all affected customers would be refunded by the end of Tuesday. About 40,000 accounts saw suspicious transactions over the weekend, of which half had money taken. The Read more [...]

Sean Clarke to be Asda’s new chief executive

Walmart has appointed its China boss Sean Clarke as Asda’s new chief executive, replacing Andy Clarke who will step down at the end of July. Asda said Andy Clarke had “decided the timing is right to step aside from his role with the company” after six years as chief executive and 20 years with the grocer overall. Sean Clarke will join as Asda’s chief executive and president on July 11. Sean Clarke began his retail career at Asda in 1996. Since then, he has worked at an Read more [...]