UK: Ocado sees "opportunity" in Tesco online push
Tesco to focus on online growth
Unveiling its first-half results yesterday (4 October), Tesco CEO Philip Clarke revealed that the group plans to increase its online expansion. He told reporters at a conference in London that Tesco wants to be at the forefront of the online revolution, not "a victim of it".
The company has already increased its click and collect store numbers to 90 and revealed that its online food business is already turning a profit.
A spokesperson for Ocado told just-food that the company expected to continue to benefit from the increasing numbers of people shopping online and described Tesco's initiative as an "opportunity".
"This is actually an opportunity for us. There is a change underway in the shopping habits of customers. If more customers start shopping online, history has shown that this represents an opportunity for Ocado."
Earlier this week, Ocado rolled out its Low Price Promise throughout the UK. The marketing campaign compares Ocado and Tesco prices on branded and own label goods.
Explaining why Ocado has targeted Tesco in its markting campaign, the spokesperson said: "Tesco are the biggest in the market so a good benchmark for us."
Tesco has once again ignited the price war with the launch of its Price Promise, garnering a mixed reaction from analysts who suggest it could just be an extension of other retail schemes or the retai...
- General Mills US "priority" categories gain share
- Interview part 2: BRF CFO Augusto Ribeiro
- 2015 preview: A better deal for M&A sellers
- Interview part 1: BRF CFO Augusto Ribeiro
- Interview: How BRF plans growth in stagnant Europe
- General Mills earnings drop one-third
- Kraft to reappraise business, says new CEO Cahill
- Pork Farms "disappointed" over Kerry deal ruling
- PepsiCo opens snacks plant in Saudi Arabia
- Bimbo to buy Saputo's bakery arm