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Https://shorttracker.co.uk/company/GB00B3MBS747/
shorts closing now at 4.75% or 39,294.316 shares to buy back.
Please do your own research as always.
Waitrose should never have gioven up Ocado.
Food is better picked by Robots.
Waitrose partners with Uber Eats to expand on-demand delivery footprint
https://www.thegrocer.co.uk/waitrose/waitrose-partners-with-uber-eats-to-expand-on-demand-delivery-footprint/681033.article?utm_source=Daily%20News%20(The%20Grocer)&utm_medium=email&utm_campaign=2023-07-11&c=&cid=DM1085254&bid=154014541
Shorts closing now at 5.33%
https://shorttracker.co.uk/company/GB00B3MBS747/
Ocado launches first robotic warehouse in Asia with Aeon
Mon, 10th Jul 2023 08:24Thomson Reuters
LONDON, July 10 (Reuters) - British online supermarket and technology group Ocado said on Monday its first robotic warehouse in Asia, built for Japanese partner Aeon , has gone live.
The warehouse, or customer fulfilment centre (CFC) as Ocado calls them, has begun taking orders from customers across the Kanto region for Aeon's "Green Beans" brand.
Ocado signed up Aeon as a partner in 2019 in a deal that anticipated the Japanese group would have an online grocery sales capacity of about 600 billion yen ($4.21 billion) by 2030 and 1 trillion yen by 2035.
Ocado said Aeon's second CFC in Japan will be based in Hachioji, Tokyo, with more to follow.
“Grocery spend in Asia is set to outstrip every other region of the globe over the next decade, and online remains the fastest growing channel in grocery across APAC," Ocado CEO Tim Steiner said.
Ocado shares are down 34% over the last year but they surged as much as 47% on June 22 after the Times newspaper reported possible takeover interest from Amazon.com. ($1 = 142.4600 yen) (Reporting by James Davey, Editing by Kylie MacLellan)
Https://www.thegrocer.co.uk/ocado/could-ocado-finally-unlock-amazons-grocery-ambitions/680843.article
Could Ocado finally unlock Amazon’s grocery ambitions?
By Julian Skelly, senior VP, retail at Publicis Sapient6 July 2023
Amazon has been trying to expand its grocery arm for some time, says Julian Skelly, senior VP, retail at Publicis Sapient
Could Ocado finally unlock Amazon’s grocery ambitions?
By Julian Skelly, senior VP, retail at Publicis Sapient6 July 2023
Have you ever ordered your weekly grocery shop from Amazon? For a great deal of us, the answer is probably no. Even though Amazon is by far the leader when it comes to e-commerce, its grocery delivery offering, Amazon Fresh, never really took off. In a recent poll, 78% of people said they had heard of Amazon Fresh but just 15% had used it.
Recently, the retail rumour mill has been buzzing with the news that Amazon might acquire Ocado. Amazon has been trying to expand its grocery arm for some time. It bought Whole Foods in 2017, introduced till-less stores – also called Amazon Fresh – from 2021, and it owns a 16% stake in Deliveroo. Taking on a strong UK brand is a logical next step as the business works to consolidate a hold in the grocery market.
Grocery is a market facing significant pressure from today’s economic challenges. Customer loyalty is hard to win and even harder to maintain. Tesco, Sainsbury’s and Co-op are all incentivising loyalty via reduced prices for loyalty members, but the reality is the big supermarkets are losing share to the Discounters as customers increasingly focus on price points. Latest TWC Trends figures show just 18% of consumers say they always use the same grocer – which means they’re a fickle bunch and it’s all to play for.
Read The Grocer’s analysis on how Ocado could benefit Amazon
Amazon Prime is one of the strongest retail loyalty propositions. Combine this with Amazon’s financial strength, it can offer a hefty initial discount to new customers, provide attractive cross-promotion and price match what Tesco, Sainsbury’s and Asda are offering on online grocery. This gives Amazon an advantage in today’s cost of living crisis, when consumers are making price-based decisions. The Amazon brand is built on great experience and service, but all at a compelling price point.
What would Ocado offer Amazon? Short term, it would give them another boost through increased frequency and engagement with customers. Longer term, it would reinforce its strategy of doubling down on grocery, providing best-in-class services built on its core loyalty and supply chain platforms.
In terms of engagement, Amazon will be interacting with customers on a much more regular basis. Rather than one or two orders a month, customers do grocery shopping on a weekly basis. This provides more opportunities to cross-sell and leverage Amazon Prime to drive increased loyalty, potentially loosening customers from the grip of low price.
Big boys clsoing
https://shorttracker.co.uk/company/GB00B3MBS747/
Big boys now at 4.75%
Shorts doomed to failure and despertae.
Big boy Shorts closing now at 5.34%
Https://shorttracker.co.uk/company/GB00B3MBS747/
Please do your own research as always