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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 363.10
Bid: 361.90
Ask: 362.20
Change: 3.10 (0.86%)
Spread: 0.30 (0.083%)
Open: 358.70
High: 363.10
Low: 350.00
Prev. Close: 360.00
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Online's share of UK grocery market will keep growing, says Ocado boss

Tue, 09th Feb 2021 09:12

LONDON, Feb 9 (Reuters) - British online supermarket Ocado
expects the online share of the overall grocery market
to continue growing, even when the COVID-19 pandemic recedes,
its boss said on Tuesday.

According to market researcher Nielsen the online share of
British grocery sales hit a record 16% in January, up from 8% in
the same month last year, driven by increased demand during the
country's third lockdown.

"We suspect it's likely to continue growing," Ocado CEO Tim
Steiner told reporters.

"Historically, we've always seen when customers have done
this three to five times they tend to stick with it, so it's
likely that it will just keep growing," he said.

(Reporting by James Davey; Editing by Kate Holton)

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