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Shares in Ocado Group PLC advanced on Monday after Kroger Co placed an order for a range of new automated technologies. The Hatfield, England-based online grocer and technology licensor called this a ‘significant’ development of its partnership with Kroger, a leading US grocery retailer. Shares in Ocado rose 7.1% to 404.83 pence in London on Monday. Cincinnati, Ohio-based Kroger will roll out the technologies across multiple existing customer fulfilment centres across its network, as well as future CFCs. The latest ’Re:imagined’ technologies include proprietary Ocado innovations such as its on-grid robotic pick and automated frameload solutions. Ocado said the technology is already rolling out in UK CFCs. At full capacity, OGRP is expected to pick more than 70% of its online grocery range. Earlier this month, Ocado said Japanese retailer Aeon Next Co Ltd would upgrade its live operations using Ocado technologies including OGRP. ‘Today marks another exciting milestone in our partnership with Kroger’, Ocado Chief Executive Tim Steiner commented. ‘Our current CFCs are already helping to deliver a game-changing quality of service to their customers across the USA. ‘We are excited for these latest technologies to further enhance that proposition, as well as the efficiency of Kroger’s operations in live and future CFCs.’ Ocado announced an exclusive US partnership with Kroger in May 2018, and an initial commitment to build capacity equivalent to 20 CFCs across the US. In 2020, this partnership was extended to also include Ocado’s in-store fulfilment solution. Copyright 2024 Alliance News Ltd. All Rights reserved.
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