Ocado Q3 revenue soars 14.3%
The retailer’s sale...
Ocado’s sales continued to grow in its third-quarter, with the online grocery retailer reporting a 14.3% rise in total revenue.
The retailer’s sales rose from £276.5 million to £312.7 million, for the 13 weeks to 27 August 2017.
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During the same period, Ocado also grew its average orders per week by 16% to 254,000.
We are pleased to report another strong quarter of growth,” Ocado chief executive Tim Steiner said.
“Our industry-leading technology has continued to set the bar for customer service and satisfaction and we continue to grow sales at a rate significantly in excess of the average for our industry.”
Ocado recently became the first grocer in the UK to launch an app for the voice-controlled Amazon Alexa which allows customers who have Amazon accounts to update, add to, or track orders.
The retailer also noted that it was scaling up its capacity at its Customer Fulfilment Centre in Andover and was preparing to open its fourth and biggest centre to date in Erith in 2018.
“These investments, while increasing some costs in the short term, will allow us to meet the rapidly growing demand for our services from UK consumers while allowing us to offer the very latest technology to current and future customers of our Ocado Smart Platform,” added Steiner.
Jim Donald appointed the CEO of Albertsons
Donald, who previously worked as the company...
The Idaho-based grocery chain, Albertsons, has appointed Jim Donald as its new Chief Executive Officer.
Donald, who previously worked as the company’s President and Chief Operating Officer, will keep his presidential role.
The new CEO will replace Bob Miller, who will continue in his position as Chairman of the Board.
“Jim Donald has built an exceptional career in retail,” remarked Bob Miller.
“His knowledge of our company and industry is unmatched, and I know his contributions will be invaluable as we enter the next chapter of Albertsons Companies.”
“We look forward to tapping his experience in leading large consumer brands as we work every day to meet our customers’ needs, both in-store and online.”
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In his career, Donald has held positions such as the CEO of Starbucks and the CEO of Pathmark Stores.
The newly-appoint CEO also worked for Albertsons for 15 years, starting 1976, becoming the Vice President of Operations in Arizona.
“Albertsons Companies is uniquely positioned to operate in both a 'four walls' traditional environment and the 'no walls' world of technology,” stated Jim Donald.
“We serve 34 million customers each week across our 2,300-plus stores and serve 5.5 million patients in our 1,700-plus pharmacies.”
“That's a significant food, health and wellness footprint. We're well positioned to serve the evolving needs of today's customer, wherever and whenever they choose to shop with us.”
“I am looking forward to leading this dynamic company as we focus on innovation and customer-centric retailing in all its forms.”