Mar 19, 2019

Ocado sales hit by warehouse fire

Ocado's revenue grew by 11.2% in the 13 weeks to 13 March compared with the same period last year, although the online food retailer's income was hit by a fire in its warehouse in February. It brought in £404m during the period, but the fire in its Andover base had a 1.2% impact on its sales. Last month, Ocado announced a deal with Marks & Spencer to give the department store its first home delivery service. More than 30,000 orders - 10% of Ocado's capacity - were processed at the Andover warehouse, which was on fire for four days. "Chief executive Tim Steiner said:"The fire has been a setback, but it will only be a temporary one.

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