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Ocado Retail revenue dented by Erith fire in latest quarter

Tue, 14th Sep 2021 07:12

LONDON, Sept 14 (Reuters) - British online supermarket Ocado
Retail on Tuesday reported a 10.6% fall in revenue in its
latest quarter, hurt by a July fire at its warehouse in Erith,
southeast London, which disrupted operations.

Ocado Retail, a joint venture between Ocado Group
and Marks & Spencer, said revenue totaled 517.5 million
pounds ($716.1 million) in its third quarter to August 29 versus
578.8 million pounds in the same quarter last year. Revenue had
grown 19.8% in its first half.
($1 = 0.7226 pounds)
(Reporting by James Davey; editing by Michael Holden)

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