Ocado Retail, a joint venture between Ocado Group and Marks & Spencer, has reported a 11.6% increase in customer orders in the first quarter of its financial year, however revenue was down 5.7%.
"The last quarter has been encouraging for Ocado Retail despite the clearly evident challenges the industry and consumers are facing," commented Melanie Smith, Ocado Retail chief executive.
Here's how leading industry analysts viewed its performance:
