Ocado pays 5 pence per plastic bag returned by customers Business

Plastic bags from other chains will also be collected, but customers will only be reimbursed for returned Ocado bags.

Used bags are sent to a recycling plant where they are turned into granules used to make new bags.

The move comes as Ocado continues to benefit from virus-induced “stay at home” orders.

Last month, he reported that total sales had climbed by a third to £ 2.3 billion for the year through November. The company recorded pre-tax losses of £ 44million, up from £ 215million last year.

This strong retail performance was offset by increased investment in its robot warehouse technology business, as well as spending on hiring more staff and revamping its website to cope with the surge in demand.

Ocado shares fell 1.7 pc to £ 21.01 in the afternoon session, valuing the company at £ 15.7 billion.

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This notice was published: 2021-03-04 12:52:35