May 21, 2024


The business lovers

Ocado pays 5p per plastic bag returned by customers

Plastic bags from other chains will also be collected, but consumers will only be refunded for Ocado bags returned.

The utilised bags are despatched to a recycling plant where they turned into are pellets utilised to make new bags.  

The go arrives as Ocado carries on to advantage from virus-induced “remain at residence” orders. 

Past month it documented that overall sales soared by a third to £2.3bn for the year to November. The organization posted pre-tax losses of £44m, down from £215m past year.

This strong retail functionality was offset by greater financial commitment in its robotic warehouse technological know-how organization, as well as spending on using the services of more employees and retooling its web-site to cope with the surge in demand from customers.

Ocado shares fell one.7pc to £21.01 in afternoon trading, valuing the organization at £15.7bn.