Ocado gets $350 million payment after Kroger culls robotic warehouse network

Core Insights - Ocado Group will receive a one-off cash payment of $350 million from Kroger due to the latter's decision to close three robotic warehouses and cancel a planned facility [1] Company Summary - Kroger, a U.S. grocery chain, has decided to close three robotic warehouses [1] - Kroger has also canceled a planned facility, impacting its partnership with Ocado Group [1] Industry Summary - The decision by Kroger reflects challenges in the grocery sector, particularly in the implementation of automated solutions [1]