Kroger said on Friday that it will pay automated warehouse technology provider Ocado Group $350 million in cash as the retailer closes some facilities and revamps its ecommerce strategy.

Kroger is paying a steep price to unwind a bold automation experiment that never lived up to its promise. After pouring $2.6 ...

Ocado Group Plc will receive a one-time cash payment of $350 million from Kroger Co., more than previously announced, after the US grocer decided to close three automated warehouses and scaled back ...

U.S. grocery retailer Kroger ($KR) is shelling out $350 million, over a third more than expected, to British online grocer Ocado for ditching its ...

Kroger is closing its Ocado-powered automated facilities in Pleasant Prairie, Wis.; Frederick, Md.; and Groveland, Fla., in January, while monitoring its remaining facilities' performance. The grocer ...

A Kroger grocery store parking lot with designated spaces for customer pick up. Maybe the robots aren’t coming for us after all, as grocery retailer Kroger confirmed its retreat from its ...

Dec 5 (Reuters) - Britain's Ocado will receive a $350 million one-off payment from partner Kroger after the U.S. grocer opted to shut three robotic warehouses and scrap plans for another facility, the ...

LONDON (Reuters) - British online supermarket Ocado denied robots were moving around its flagship complex at Andover in southern England when firefighters tackled a blaze on Tuesday that wiped 1 ...

(Reuters) -Shares in British online supermarket and technology group Ocado slumped on Tuesday after U.S. partner Kroger said it would close three automated warehouses in January, dealing a heavy blow ...

SNAPSHOT S&P 500, Nasdaq futures extend gains after August PPI data Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of ...

Ocado Group Plc will receive a one-time cash payment of $350 million from Kroger Co., more than previously announced, after the U.S. grocer decided to close three automated warehouses and scaled back ...