The online grocer saw 'years of growth in months' amid the lockdown and says the retail world has changed.
PAUL ELLIS/AFP VIA GETTY IMAGES
"We are confident that accelerated growth in the online channel will continue, leading to a permanent redrawing of the landscape of the grocery industry worldwide." During the period the company opened its first two customer fulfilment centres abroad, for Casino in France and Sobeys in Canada, while increasing capacity in the UK.The loss was smaller than the £147.4m posted in the same period last year, although that figure included £99m of costs incurred as a result of a major fire at its warehouse in Andover.
"Nevertheless, Ocado has a strong balance sheet and the Covid-19 pandemic has super-accelerated many of the trends that have led to its exceptional share price growth over the last few years, placing the company in a good position for the future."Separately, discount grocer Lidl has revealed plans to open a shop a week until Christmas, creating 1,000 jobs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pop-up cycle lanes across London could be made permanent after pandemic, says transport bossAndy Byford took office as London's transport commissioner at the end of June
Read more »
Face masks should not be mandatory in shops, says Michael Gove – videoOn Andrew Marr show, chancellor of the duchy of Lancaster says he trusts people’s good sense
Read more »
Shops and police must help enforce English face mask rules, says ministerOfficers have warned law to make coverings compulsory in stores will be unenforceable
Read more »
Gove 'trusts common sense' on masks in shops'I trust people's good sense' Cabinet Office minister Michael Gove says he does not think face coverings should be compulsory in shops in England
Read more »
Monday evening news briefing: Mixed messages on face masksHere's today's Monday briefing by TheChrisPrice 😷 Mixed messages from Tories over plans to wear masks 👉 New immigration plan snubs overseas social care staff 🥃 Palace to sell gin made from Queen's own garden
Read more »
'Undone blonde' is the natural post-lockdown hair colour trend that makes you look *so* healthyBRB, sprinting to our trusty hairdresser to tend to our unkempt, neglected hair colour.
Read more »