Online grocer Ocado has revealed the cost of the fire in February that destroyed its Andover customer fulfilment centre (CFC) to be £110.3m. The figure was reported in Ocado’s half-year results for the 26 weeks ending 2 June, which saw the business post a pre-tax loss of £142.8m (2018: loss of £13.6m). This figure includes a £98.5m exceptional cost from the fire, after £11.8m of insurance claims were taken into account. The fire, which destroyed the building, machinery and all […]
Ocado has revealed that it has selected Andover, Hampshire, as the location for its third DC, as it looks to increase capacity nationwide.
Ocado is to develop a fourth hub in south-east London, as the popularity of online shopping continues to drive the need for more capacity.
Online grocer Ocado has warned of capacity constraints and a drag on sales growth following a major fire at its Andover Customer Fulfilment Centre (CFC).