Ocado Retail's sales increase as price cuts win back customers
Ocado Retail has notched up sales growth of 10.6 per cent as it won back more customers thanks to price cuts and efforts to boost ranges.
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NewsTranscript
00:00 Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.
00:07 Here are your business headlines for this morning.
00:10 Ocado Retail has seen sales growth of 10.6% as it revealed an increase in customer numbers after enjoying a strong start to the year.
00:19 The online grocer, which is run as a joint venture with Marks & Spencer, posted retail sales of £645.3 million in the 13 weeks to March 2nd.
00:30 Sales by volume increased by 8.1% in the group's first quarter.
00:36 The group said price inflation eased back to 2.2% in the three months, which it said was significantly lower than the wider market.
00:45 So an update from Ocado Retail, sales growth of 10.6% recorded in its latest trading update.
00:52 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.