Sales have slumped at Ocado after the online retail firm said customers are shrinking the size of their orders in response to the rise in the cost of living and the end of Covid curbs (Ocado/PA)
(Picture: PA Media)Online supermarket Ocado fell £211 million into the red in the first half of the year as soaring grocery inflation and the end of lockdown restrictions led to a slump in the value of customer orders.
Revenue for the first six months of 2021 fell 4.4% to £1.3 billion, led by a more than £100 million drop in retail sales as customers abandoned home delivery of groceries as Covid rules relaxed. The average shopping basket fell 13% on last year.
