19/10/2021

Tannochbrae

Built Business Tough

Ocado pays 5p per plastic bag returned by customers

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

The applied baggage are despatched to a recycling plant exactly where they turned into are pellets applied to make new baggage.  

The go arrives as Ocado proceeds to advantage from virus-induced “remain at home” orders. 

Previous month it described that complete sales soared by a third to £2.3bn for the 12 months to November. The business posted pre-tax losses of £44m, down from £215m previous 12 months.

This strong retail overall performance was offset by improved investment decision in its robot warehouse technologies business, as properly as expending on hiring extra workers and retooling its web-site to cope with the surge in demand from customers.

Ocado shares fell 1.7pc to £21.01 in afternoon buying and selling, valuing the enterprise at £15.7bn.