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Ocado

All articles tagged with #ocado

business1 year ago

Kroger Ceases Online Deliveries and Closes Fulfillment Centers in Florida and Texas

Kroger is closing three cross-docking facilities in Texas and Florida as part of its e-commerce operations due to not meeting success benchmarks, while affirming its commitment to expanding e-commerce offerings. The decision will not affect larger automated facilities or other cross-docking locations. Kroger's earnings for 2023 were $2.96 per share with total sales of $150 billion, and the company has been in the spotlight for a potential merger with Albertsons, facing legal challenges.

via WFLA|
#business#closure#e-commerce
business1 year ago

Kroger Closes Multiple E-Commerce Fulfillment Centers

Kroger is set to close three e-commerce fulfillment facilities, including one in South Florida and two in Texas, as part of its partnership with Ocado. The decision comes after the facilities failed to meet the company's benchmarks for success, despite efforts to boost online sales in competitive markets. The closures do not affect other automated fulfillment centers, and Kroger's e-commerce sales have seen moderate growth, driven by initiatives like the Boost membership program.

via Grocery Dive|
#business#e-commerce#florida
business2 years ago

Amazon's Next Major Tech Investment Target: Ocado Group

Amazon and other tech giants are considering a bid for Ocado Group, a London-based company that builds robots and software for online grocery delivery. The bid is reportedly worth 800p per share. Last week, the Competition and Markets Authority cleared Amazon's acquisition of Roomba maker iRobot Corp. Shares out on loan for Ocado represent about 15% of the company's free float as of Tuesday. Jefferies has had a hold recommendation on Ocado since at least December 2021.

via Yahoo Finance|
#acquisition#amazon#business
business2 years ago

Amazon's Possible Bid for UK's Ocado Sends Shares Soaring

Shares of UK online supermarket and technology group Ocado surged over 40% on Thursday following speculation of possible bid interest from more than one U.S. suitor, including Amazon, according to The Times. The report suggested a possible offer worth 800 pence ($10.21) per share, an 86% premium to Ocado's closing price on Wednesday of 430 pence. Both Ocado and Amazon declined to comment on the report.

via Reuters|
#amazon#business#ocado