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Ocado sales surge as shoppers stay home [Video]

Another busy quarter for the robots at Ocado warehouses…

The UK online supermarket says revenue at its retail arm jumped 52% as shoppers stuck at home opted to get their food delivered.

That took third-quarter revenue to about 756 million dollars.

The growth follows an over-40% surge in the previous quarter.

Online food shopping has more than doubled its share of the UK market since the global health crisis began.

14% of all groceries are now delivered, and Ocado reckons that could hit 30% over the next few years.

The coming quarter will mark a key test for the firm though.

From the first of September it has dropped long-time partner Waitrose.

Instead it will offer products from rival chain Marks & Spencer.

Ocado says customers have responded positively to the switch, with demand for the new range driving an increase in the number of products in customer baskets.


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