Tim Steiner Archives - Latest Retail Technology News From Across The Globe

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.

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

February 13, 2020

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

February 11, 2020

Ben Stevens

Companies, News

M&S, Marks & Spencer, Ocado, Tim Steiner

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

January 15, 2020

Ben Stevens

Automation, Delivery / Supply Chain, Ecommerce, News

Driverless, M&S, Marks & Spencer, Ocado, Robots, Tim Steiner

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…

Ocado and Marks & Spencer’s new joint venture has seen sales growth slow in its second set of results since launching in August.

Ocado signs up for partnership with Japan’s Aeon

November 29, 2019

Ava Szajna-Hopgood

Delivery / Supply Chain, Ecommerce

Aeon, Customer Fulfilment Centres, deal, Japan, Ocado, Technology, Tim Steiner

No Comments

British supermarket Ocado has signed a deal for a technology partnership with Japanese firm Aeon. The online-only grocer on Friday revealed it would team up with Aeon to help develop…

Ocado is opening a new ‘mini’ robotic warehouse in Bristol as it demonstrates its ability to roll out its automated technology at speed.

Ocado to open first ‘mini’ fulfilment centre in Bristol

November 28, 2019

Ben Stevens

Automation, Companies, Delivery / Supply Chain, News

Automated, Avonmouth, Bristol, fulfilment centre, Ocado, Tim Steiner

No Comments

Ocado is opening a new ‘mini’ robotic warehouse in Bristol as it demonstrates its ability to roll out its automated technology at speed. The 150,000sq ft site will be completed…

Ocado sues its own co-founder in bitter legal dispute worth “hundreds of millions”

September 23, 2019

Ben Stevens

Companies, Delivery / Supply Chain

Jonathan Faiman, M&S, Marks & Spencer, Ocado, TDP, Tim Steiner, Today Development Partners

No Comments

Ocado is suing its co-founder Jonathan Faiman while his new company, Today Development Partners (TDP), issues a counterclaim worth “hundreds of millions” amid an escalating legal battle. Accusations of corporate…

Ocado and M&S’ new joint venture enjoys double-digit growth

September 17, 2019

Ben Stevens

Automation, Companies, Delivery / Supply Chain, News

Andover, M&S, Marks & Spencer, Morrisons, Ocado, Tim Steiner

No Comments

Ocado Retail has enjoyed double-digit growth over the third quarter, marking the first set of results since the launch of its £1.5 billion joint venture with Marks & Spencer. M&S…

Ocado reports major losses as it reveals £100m cost of fire

July 9, 2019

Ben Stevens

Automation, Companies, News

Andover, Fire, Half year, Ocado, Tim Steiner

No Comments

Ocado has reported a half year loss of £43 million as it revealed the extend of the damage to its operations caused by a fire at its fulfilment centre earlier…

Ocado announces new US headquarters as shares soar

March 19, 2019

Ben Stevens

Automation, Companies, Ecommerce, News

Kroger, M&S, Marks & Spencer, Ocado, Rodney McMullen, Sobeys, Tim Steiner

No Comments

Ocado has announced plans to open an office in Washington D.C. for its Ocado Solutions technology, as its shares soar off the back of healthy financial results. The online grocery…

Tim Steiner

£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

Ocado signs up for partnership with Japan’s Aeon

Ocado to open first ‘mini’ fulfilment centre in Bristol

Ocado sues its own co-founder in bitter legal dispute worth “hundreds of millions”

Ocado and M&S’ new joint venture enjoys double-digit growth

Ocado reports major losses as it reveals £100m cost of fire

Ocado announces new US headquarters as shares soar

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