LONDON (UK) -British online supermarket Ocado Retail on Tuesday reported a 10.6% fall in revenue in its latest quarter, hurt by a July fire at its warehouse in Erith, southeast London, which disrupted operations.
Ocado Retail, a joint venture between Ocado Group and Marks & Spencer, said revenue totaled 517.5 million pounds ($716.1 million) in its third quarter to August 29 versus 578.8 million pounds in the same quarter last year. Revenue had grown 19.8% in its first half.
(Content and photos syndicate via Reuters)