Tim Steiner

Ocado boss brushes off Amazon Fresh competition as “very, very small”

March 19, 2021

Ocado’s boss Tim Steiner has denounced Amazon as a “very, very small player” in the UK grocery market as he brushed aside concerns it could majorly disrupt the sector. Yesterday…

Ocado Retail saw revenues jump nearly 40 per cent during its latest quarter as its focus on expanding capacity and rapid grocery delivery services continued to bear fruit.

Ocado Retail sees revenues rocket 40% thanks to “permanent shift to online grocery”

Companies Ecommerce

M&S Marks & Spencer Ocado Online Grocery Tim Steiner

March 18, 2021

Ben Stevens

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Ocado Retail saw revenues jump nearly 40 per cent during its latest quarter as its focus on expanding capacity and rapid grocery delivery services continued to bear fruit. Ocado’s retail…

Ocado begins stockpiling long-life products as no-deal Brexit becomes “strong possibility”

Companies

Boris Johnson Brexit no-deal Ocado Tesco Tim Steiner

December 11, 2020

Ben Stevens

Ocado has become the latest UK supermarket to begin stockpiling long-life products as a no-deal Brexit becomes increasingly likely. The online grocery giant’s chief executive Tim Steiner warned that “you…

Ocado has launched the UK’s largest dedicated “B-Corp” digital shopping aisle selling over 1000 products from sustainable suppliers.

Ocado apologises after it was forced to cancel orders on first day of M&S tie-up

Delivery / Supply Chain Ecommerce

M&S Marks & Spencer Ocado Tim Steiner Waitrose

September 2, 2020

Ben Stevens

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Ocado has apologised to shoppers who were left empty handed after a “surge in demand” meant it had no choice but to cancel orders. Ocado was forced to cancel orders…

Ocado invests £10m in self-driving vehicle firm Oxbotica

Ocado posts £40.6m loss despite huge spike in sales during lockdown

Automation Companies News

CFCs Customer Fulfilment Centres H1 Ocado Ocado Solutions Tim Steiner

July 14, 2020

Ben Stevens

Ocado’s share price has crashed 2.6 per cent in morning trading after its group profits dropped by 36 per cent despite seeing a huge boost in sales during lockdown. The…

Ocado says it is due to re-open its high-tech Andover customer fulfilment centre later this year, two-years after a devastating fire burnt it to the ground.

Ocado shareholders revolt against CEO’s £54m bonus

Companies Ecommerce News

BlackRock Ocado Royal London shareholders Tim Steiner

May 7, 2020

Ben Stevens

No Comments

Ocado’s shareholders yesterday revolted against “excessive” pay rises for its executives, including a £54 million bonus for its chief executive. The online grocer’s shareholders expressed their opposition to an £88…

Ocado sees revenues nearly quadruple in Q2 as it delivers “more groceries than ever before”

Ecommerce News

Financial results Ocado Ocado Solutions second quarter Tim Steiner

May 6, 2020

Ben Stevens

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Ocado has seen its retail revenues grow 40.4 per cent in its second quarter as the coronavirus pandemic sees it deliver “significantly more groceries to households than ever before”. The…

Ocado has become the first UK grocer to warn customers of an increase in missing items and substitutions thanks to “staff absences across the supply chain”.

£59m payout for Ocado’s boss Tim Steiner despite company’s £214m loss

Companies News

Duncan Tatton-Brown Ocado Tim Steiner

February 13, 2020

Ben Stevens

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Ocado’s chief executive Tim Steiner is set to receive a near £60 million bonus despite his company reporting posting a whopping £214 million loss last year. Steiner and another four…

Ocado posts £214m loss as it invests in first “state-of-the-art robotic facilities” overseas

Companies News

M&S Marks & Spencer Ocado Tim Steiner

February 11, 2020

Ben Stevens

No Comments

Ocado revealed a £214 million loss over its last year coming well above analyst expectations thanks to heavy investments in robotic warehouses overseas. The online grocery giant posted a pre-tax…

Ocado could soon deliver groceries via driverless vehicles and robots

Automation Delivery / Supply Chain Ecommerce News

Driverless M&S Marks & Spencer Ocado Robots Tim Steiner

January 15, 2020

Ben Stevens

No Comments

Ocado could soon be delivering groceries via driverless vehicles and robots which carry your order to your door. Tim Steiner, the online grocery retailer’s chief executive, told NRF this week…

Tim Steiner

Ocado boss brushes off Amazon Fresh competition as “very, very small”

Ocado Retail sees revenues rocket 40% thanks to “permanent shift to online grocery”

Ocado begins stockpiling long-life products as no-deal Brexit becomes “strong possibility”

Ocado apologises after it was forced to cancel orders on first day of M&S tie-up

Ocado posts £40.6m loss despite huge spike in sales during lockdown

Ocado shareholders revolt against CEO’s £54m bonus

Ocado sees revenues nearly quadruple in Q2 as it delivers “more groceries than ever before”

£59m payout for Ocado’s boss Tim Steiner despite company’s £214m loss

Ocado posts £214m loss as it invests in first “state-of-the-art robotic facilities” overseas

Ocado could soon deliver groceries via driverless vehicles and robots

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