Tag: mistry

Kroger to close three automated delivery fulfillment sites, incur $2.6 billion charge

Nov 18 (Reuters) Kroger (KR. N) will close three automated delivery fulfillment facilities and record an impairment charge of about $2. 6 billion in its third quarter, as the U. S. grocer expands its third-party delivery partnerships. The company said on Tuesday it would shutter the centers it operates with British online supermarket and technology group Ocado (OCDO. L) in Wisconsin, Maryland, and Florida in January, while monitoring the rest. Kroger, which had partnered with Ocado in 2018 to deploy the company’s Smart Platform for automated fulfillment centers, expects the closures to have no impact on its core sales. Ocado said it would.