By Marcus Leach
Ocado, the online grocer, have seen their shares drop by more than 10% on Monday having reported a slow down in sales growth.
The online firm, who deliver mainly Waitrose products, reported that sales were, as of August 7th, down on the previous six months from 20.8% to 16.9%.
Further to that the company announced that, due to this drop in sales growth, end of year results are likely to be lower than was first expected.
There are plans, however, to expand warehouse capacity in order to cope with an increase in demand.
It hopes to expand warehouse capacity at their distribution centre in Hertfordshire to help it keep up with demand.
Join us on
Follow @freshbusiness
