Reported about 6 hours ago
Ocado's CEO, Tim Steiner, expressed confidence in the long-term potential of the collaboration with Kroger, despite a slowdown in the rollout of automated warehouses in the U.S. While only eight out of the planned twenty sites have opened, Steiner noted the opportunity for significant future growth as consumer demand for online grocery delivery increases. He indicated that the exclusivity of their deal with Kroger is tied to growth potential and mentioned plans to cut some jobs to manage costs.
Source: YAHOO