Online grocery’s share of UK market set to double, Ocado says – ZAWYA

Online grocery’s share of UK market set to double, Ocado says – ZAWYA

Online grocery's share of UK market set to double, Ocado says | ZAWYA MENA Edition HomeBusinessArticleOnline grocery's share of UK market set to double, Ocado says Core earnings down 36% due to investment    An Ocado lorry is seen on the M25 motorway, as the spread of the coronavirus disease (COVID-19) continues, London Colney, Britain, April 17, 2020.LONDON - Online grocery shopping will double its share of the UK market over the new few years, building on a huge increase during the coronavirus lockdown, internet supermarket and technology group Ocado forecast on Tuesday.Industry data shows online orders have surged to account for 13% of all UK grocery spending from 7% before the pandemic."We'll see another doubling of the market in the next few years," Ocado CEO Tim Steiner told reporters.Industry data shows online orders have surged to account for 13% of all UK grocery spending from 7% before the pandemic.LONDON - Online grocery shopping will double its share of the UK market over the new few years, building on a huge increase during the coronavirus lockdown, internet supermarket and technology group Ocado forecast on Tuesday."We'll see another doubling of the market in the next few years," Ocado CEO Tim Steiner