Ocado retail arm returns to profit amid sales rise as it offers more M&S food

Online grocer says price matching with Tesco and better service helped improve bottom line

Ocado’s retail arm returned to the black last year as customers had more Marks & Spencer food options and shoppers switched back to online grocery shopping after a post-pandemic slump.

The group, a joint venture between M&S and the technology company Ocado Group, said price matching with Tesco and better service had also helped increase sales, while the closure of an old warehouse helped cut costs.