Business · 19 November 2025
Ocado stock falls after Kroger warehouse closures
Techwords via Wikimedia Commons (CC BY-SA 4.0)
Kroger, Ocado's US partner, will shut down three automated warehouses in January. The sites are located in Maryland, Florida and Wisconsin. Ocado's stock value dropped by 17% following the announcement. Despite a $250 million payment, filings show Ocado anticipates a $50 million reduction in revenue for 2026. Only eight of the planned twenty US facilities are now operating. Analysts are reportedly raising concerns about automated grocery fulfilment.
Reported by Bloomberg · How we write briefs
