Feb 9, 2021

Grocery shopping has changed for good, says Ocado

The grocery landscape worldwide is changing "For good", online supermarket Ocado has said, after a year in which the global pandemic forced many people to buy online for the first time. Ocado's comments came as it reported a 35% jump in sales over the past year. Amid rocketing demand the UK-based firm, which is 21 years old this year, narrowed losses from £214.5m to £44m. The company said many customers were saying they were unlikely to revert to pre-crisis shopping habits. "Ocado said in its full year statement on Tuesday:"The pandemic has accelerated the rate of channel shift to online. "Online grocery market share in the UK has nearly doubled over the last year to 14%, according to Kantar. Similar trends are observable in the United States as well as many other countries around the world."

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