Ocado Wins Over New Customers With Price Cuts and Promotions
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Ocado Group Plc’s online grocery business saw higher sales as it lowered prices to attract British shoppers emerging from a generational cost-of-living crisis.
The venture between Ocado and Marks & Spencer Group Plc said volumes grew 8.1% in the 13 weeks to March 3. Its number of active customers also rose to 1.02 million, with revenue climbing 11% to £645 million ($816 million).