By Alec Mattinson2021-02-09T09:03:00+00:00
Ocado has cut its annual loss by almost 80% amid booming sales during the pandemic, but the online grocer warned the coronavirus outbreak and drive for international expansion will continue to constrain profitability.
Total group revenues for the 52 weeks ended 29 November jumped by 32.7% to £2.33bn from £1.76bn in the previous year.
This was primarily driven by a 35.3% increase in retail revenue, its joint venture with Marks & Spencer, reflecting increased demand driven by Covid-19 restrictions, with a £31 increase in the average basket value from £106 to £137.
The Group also began to recognise revenue its international solutions business following the commencement of operations at the first two international CFCs in Toronto and Paris, with reported revenue of £16.6m.
By Steve Farrell2021-02-03T13:03:00+00:00
Source: IGD
‘Our ambition is for our purpose, of driving change to make a tangible difference, to become synonymous with IGD,’ said CEO Susan Barratt
Retail insights business IGD has undergone a rebranding exercise as the organisation takes on “new purpose”.
As well as adopting a new blue and red ‘IGD’ logo, the organisation has renamed its two halves. IGD’s Trading Company, which provides insight, data and analysis, has been rebranded Commercial Insight, while its Charity arm will now be known as Social Impact.
Social Impact uses revenue reinvested from the commercial activities to “address crucial social, economic and business issues” with the aim of motivating the food and consumer goods industry to be a “force for good”, IGD said.
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IGD has unveiled a new brand and purpose, featuring a striking visual identity and narratives that tell the story of the organisation, as it sets out its vision for the future.
Featuring a new logo and bold new colours, the new visual identity reflects the dynamism of the industry that IGD sits at the heart of and underpins the organisation’s commitment to be a force for good.
With more than 100 years’ experience supporting the food and consumer goods industry, IGD has a unique role to play. Through its thought leadership, partnership approach and a heritage based on trust and expertise, the organisation connects, collaborates, and inspires industry, through an extensive and highly influential network that can both provoke and lead constructive debate.
2nd February 2021
IGD, the research and training organisation for the food and consumer goods industry, has unveiled new branding and set out its vision for the future.
Featuring a new logo and colours, the revamped visual identity is said to reflect the dynamism of the industry that IGD sits at the heart of and underpins the organisation’s commitment to be “a force for good”.
With more than 100 years’ experience supporting the industry, IGD highlighted that it has a unique role to play today. Through its thought leadership and partnership approach, the organisation stated that it “connects, collaborates, and inspires industry, through an extensive and highly influential network that can both provoke and lead constructive debate.”