Online supermarket will at some point be asked to pay to help prevent the death of the high street
Ocado is a company that delivers groceries to people’s homes. Off and on for the last year the public have been subject to a form of house arrest. So you don’t need to have studied Adam Smith or John Maynard Keynes to work out why the business is doing well.
Covid-19 has taken a trend that has been evident for the past decade or so and accelerated it. The backdrop to Ocado’s 35% sales increase is the massive increase in market penetration of online retailers during the Covid pandemic. The British Retail Consortium has said online shopping accounted for 63% of non-food sales in January, more than double the 31% a year earlier.
