UK online retailer Ocado posted its “strongest ever” performance over the Christmas period with a 25% increase in year-on-year sales.
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During Christmas week itself, Ocado sales increased 97% on the previous year.
Jason Gissing, co-founder of Ocado, said the results were good despite the “strong recessionary headwinds” UK retailers currently face.
“Our pace of growth is incredibly exciting as it shows we are growing through a tough recession,” said Gissing. “Ocado enjoyed a great Christmas, and this year already we’ve beaten our record for deliveries in a day. Given that customers are responding positively to the massive expansion of what we sell, to our continually high standards of customer service, and to things like our Tesco Price Match guarantee and the Ocado Everyday value range, we’re expecting this growth to continue.”
Gissing said the “thriving” Internet has played a part in the company reaching its eighth year of trading.
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By GlobalData“We’re still a minnow in food retailing but there’s lots more we aim to do and the signs are very encouraging,” he added.
US consumer giant Procter & Gamble acquired a 1% stake in Ocado in December last year.
