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OCDGF / Ocado Puts New Warehouses on Ice as Sales Slump

Ocado Puts New Warehouses on Ice as Sales Slump
Ocado will pause the construction of more automated distribution centers in the U.K. In a recent presentation to analysts, the U.K.-based online grocer said the opening of two new customer fulfillment centers (CFCs) initially planned for 2024 and 2025 would be put on ice as the firm restrategizes to reflect weaker demand. Read More
Posted: Dec 2 2022, 15:12
Author Name: PYMNTS
Views: 111424

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Ocado tipped to survive FTSE100 rejig despite five year low

By Proactive Investors
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Ocado tipped to survive FTSE100 rejig despite five year low

Grocery delivery service Ocado appears to have escaped the drop to the FTSE 250 with property group British Land now heading down a division. That's t more_horizontal

Ocado may still need a capital raise - broker

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By Seeking Alpha
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Ocado Group: CFC Closure Not As Bad, But Impact To Valuation Unknown

Ocado Group: CFC Closure Not As Bad, But Impact To Valuation Unknown. more_horizontal

Ocado plans to close oldest robot warehouse, putting up to 2,300 jobs at risk

By Proactive Investors
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Ocado plans to close oldest robot warehouse, putting up to 2,300 jobs at risk

Ocado Retail plans to close its oldest robot-run warehouse, which currently carries out around 20% of weekly orders from its website. Talks have begun more_horizontal

Ocado's shares rise after latest legal win over AutoStore

By Proactive Investors
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Ocado's shares rise after latest legal win over AutoStore

Shares in Ocado Group PLC rose 2% on Friday after it said it had "comprehensively won" the patent infringement suit brought by AutoStore. The UK High more_horizontal

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By Invezz
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Ocado share price is rebounding: Is it safe to buy the rally?

Ocado (LON: OCDO) share price made a comeback this week after the company published a strong trading statement. The stock jumped to 529p on Thursday, more_horizontal

Ocado reports higher revenue, guidance unchanged

By Market Watch
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Ocado reports higher revenue, guidance unchanged

Ocado Group PLC said Tuesday that first-quarter sales of Ocado Retail Group, the joint venture it co-owns with Marks & Spencer Group PLC, rose and tha more_horizontal

Ocado Retail holds guidance after modest rise in quarter one revenue

By Proactive Investors
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Ocado Retail holds guidance after modest rise in quarter one revenue

Ocado Retail Ltd reported modest growth in quarter one revenue as increased prices offset the amount shoppers were putting in their baskets. The joint more_horizontal


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