Ocado suffers £300m slump as US supermarket axes its warehouses

Ocado started selling its automated warehouse technology to supermarkets around the world in recent years - Kroger/Reuters Ocado has suffered a £300m slump after its biggest customer announced plans to shut automated warehouses built using its technology. Kroger, a US supermarket chain, said it would close three facilities set up with Ocado as it shifts towards fulfilling orders in-store. The sites, known as customer fulfilment centres, are expected to cease operations in January. Ocado said shutting dow ...