Ocado's $300M Loss: Kroger's Warehouse Closures
Update: 2025-11-18
Description
Ocado, the UK-based online grocery giant, suffers a significant financial blow as Kroger, its largest US customer, closes three automated warehouses built using Ocados technology. This decision, announced in November, results in a fifty million dollar revenue loss for Ocado next year and sends its shares plunging by 16.5%. Krogers shift towards in-store order fulfillment and review of its automated network deal a major setback to Ocados ambitious plans to become the Tesla of groceries. Despite a compensation payment of over $250 million, the closures are a heavy hit for Ocado, which reported pre-tax losses of £375 million last year.
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