Ocado sees shares plummet after blow from Kroger site closures

Ocado sees shares plummet after blow from Kroger site closures

Ocado said the move would knock fee revenue by 50 million dollars (£38 million) in 2025-26.

Is the online distribution center a thing of the past? Kroger closes three Ocado fulfillment centers - RetailDetail EU

The American supermarket group Kroger is closing three distribution centers powered by Ocado technology in January. It is a new sign that the era of separate online order warehouses may be coming to an end.

Ocado shares fall following Kroger warehouse closure announcement

Ocado Group saw its shares drop by 18% yesterday (18 November), after the announcement of the closure of the Kroger robotic-warehouses in the US. US supermarket Kroger announced plans to…

Ocado shares slide as Kroger axes warehouses

Ocado saw shares decline after its US partner Kroger pulled back on its robotic-warehouse deal. Shares in the retailer slumped by over 17% yesterday (18 November) as Kroger said that it would shut three of its automated warehouses which use Ocado’s tech in January 2026, after they failed to meet “financial expectations”. The retail and tech business said that the warehouse closures across Maryland, Florida and Wisconsin would lead to a £38m ($50…

As the Ocado share price crashes, could it be a bargain?

A crash is commonly defined as a loss of 20% or more in a short period of time. While some investors are fretting about the potential for a wider stock market crash, Ocado (LSE: OCDO) has had its own one. The Ocado share price fell 22% in a single day yesterday (18 November). That sort of fall is unusual. However, it adds to longer term concerns for Ocado shareholders. The share price has tumbled 46% since the turn of the year – and a staggeri…