Tim Steiner

Ocado has paused all deliveries to its own staff as it scrambles to clear a backlog of orders following the launch of Marks & Spencer on its platform.

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

September 2, 2020

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 Group has appointed Michael Sherman as an independent non-executive director to its board.

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…

Waitrose said it was “flattered” that Marks & Spencer’s range of food on Ocado was “near-identical” to its own range.

Ocado shareholders revolt against CEO’s £54m bonus

Companies Ecommerce News

BlackRock Ocado Royal London shareholders Tim Steiner

May 7, 2020

Ben Stevens

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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 is accelerating the development of its “robotic picking products” as the pandemic presents opportunities bigger “than we imagined (were) previously possible”.

£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

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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

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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 signs up for partnership with Japan’s Aeon

Delivery / Supply Chain Ecommerce

Aeon Customer Fulfilment Centres deal Japan Ocado Technology Tim Steiner

November 29, 2019

Ava Szajna-Hopgood

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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 to open first ‘mini’ fulfilment centre in Bristol

Automation Companies Delivery / Supply Chain News

Automated Avonmouth Bristol fulfilment centre Ocado Tim Steiner

November 28, 2019

Ben Stevens

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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”

Companies Delivery / Supply Chain

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

September 23, 2019

Ben Stevens

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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…

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London Fashion Week: How IBM is supporting the British Fashion Council and the ‘Next-Generation’ of Retail

22/09/2020 1:31 PM

IBM is supporting the BFC by optimising the digital London Fashion Week experience, enabling designers to showcase their stories through multimedia content and ensuring an engaging user experience for the global fashion audience.

We are currently living in an altered world. COVID-19 has shown the fragility of businesses across all industries, but particularly in the fashion and retail sector. Whilst many companies had…

Tim Steiner

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

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”

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London Fashion Week: How IBM is supporting the British Fashion Council and the ‘Next-Generation’ of Retail

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