Ocado shares plunge 13% as US partner Kroger rethinks warehouse strategy

Core Viewpoint - Shares in Ocado, an online supermarket and technology group, experienced a significant decline following indications from U.S. partner Kroger regarding a possible reduction in investment in automated warehouses [1] Company Summary - Ocado's stock price fell sharply on Friday, reflecting investor concerns about its partnership with Kroger [1] - The potential retreat from investment by Kroger could impact Ocado's growth strategy and operational plans [1] Industry Summary - The news highlights the challenges faced by companies in the automated warehouse sector, particularly in the context of partnerships and investment commitments [1] - The situation underscores the volatility in the online grocery and technology market, influenced by strategic decisions from key partners like Kroger [1]