StockMarketWire.com - Ocado Retail has reported growth in retail revenue of 10.8% to £429.1m, in line with its guidance, in the 13 weeks to 1 December 2019.

In a trading statement for the fourth quarter, Ocado, which is a joint venture between Ocado Group and Marks & Spencer Group, said it had seen growth in average orders per week of 10.4% to 350,000 during the period.

Average order size remained flat in the 13-week period.

Ocado Retail chief executive Melanie Smith said that the collaboration between Ocado and M&S Group is 'working well'.

Smith said: 'We have made good progress preparing for switchover date in September 2020, when the M&S food range will be available online for the first time. We are also planning fresh capacity, to offer customers more availability, and have new customer fulfilment facilities in Bristol and Purfleet, and a rebuilt state of the art facility at Andover, on the way.'

Ocado reported Erith CFC ended the period at more than 70,000 orders per week, with efficiency better than at Hatfield CFC.




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