Ocado is a British online supermarket and it is also the world’s largest online food retailer. Since 2010, it has been rated by readers as the best online supermarket in the UK. The company was listed on the London Stock Exchange on July 21, 2010. The company is a member of the FTSE 250 Index and is headquartered in Hatfield, Hertfordshire, just outside London.
Okaido was co-founded in April 2000 by Jonathan Feynman, Jason Giessing and Tim Steiner. The company was launched in January 2000 and reached a partnership with Waitrose in January 2002. In September 2006, Michael Pin became the company’s non-executive chairman, and soon after, the company appointed him as a financial advisor.
In November 2008, John Lewis transferred 29% of Ocado’s equity to its employee retirement fund. In the same year, Procter & Gamble held a 1% stake in the company. In February 2011, the John Lewis Pension Fund sold all of the company’s equity .
On July 13, 2009, Ocado launched Ocado on the Go, an application that supports iPhone. On April 19, 2010, the company launched an application that supports Android devices. Its Android app has many features that iPhone apps don’t have, including the ability to control apps by voice.
Okaido’s products include private-label groceries from the Waitrose supermarket chain, as well as a grocery brand and other items, including: flowers, toys and magazines. Some of Carrefour’s products are also sold in Ocado. The company has a warehouse-based special distribution center, but the company does not have any physical stores. The company’s regional centers are headquartered in Harfordshire and Warwickshire.
Okaido’s service area includes: South East, Central England, North West England, South Coast of England, Yorkshire, South West England and South Wales. The president of the company is Stewart Ross and the CEO is Tim Steiner. In 2013, the company’s revenue was 792.1 million pounds, operating income was 10 million pounds, and net profit was 12.5 million pounds.
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