What’s Going On Here? Shares of Ocado – the British online grocery store and, now, tech company – rose 11% after the company announced a new partnership with Japan’s biggest supermarket chain, Aeon. What Does This Mean? Ocado started life as just an online grocer, but it became tougher to stay ahead of big UK supermarkets…
Tag: grocery
Ep 26: Tesco Eats It
What’s Going On Here? Tesco (UK’s 100-year-old largest retailer), reported weaker-than-expected sales growth thanks to a rotten grocery market. What Does This Mean? Tesco’s UK sales grew only 0.4% last quarter (down from 1.7% in the previous one). Sales in central Europe fell by 5%. Tesco (like other retailers) pointed to the weather: an unseasonably cold May and the previous hottest-since-records May was a…
with HT 