Britain's Ocado sees retail sales soar 52% in latest quarter

LONDON, Sept 15 (Reuters) - Ocado Group, the
British online supermarket and technology group, said on Tuesday
Ocado Retail's revenue rose 52% in the 13 weeks to Aug. 30, with
the coronavirus pandemic generating huge demand for online
deliveries.

That growth for its fiscal third quarter compares with 27.2%
in its first half and a second-quarter exit rate of over 40%.

Ocado Retail, is a joint venture between Ocado Group and
Marks & Spencer. The period of the trading update
pre-dates Ocado Retail replacing Waitrose products with Marks &
Spencer products from Sept. 1. Ocado said customers have
responded positively to the switch.

(Reporting by James Davey, editing by Louise Heavens)