Ocado shares slide as Kroger axes warehouses

Ocado saw shares decline after its US partner Kroger pulled back on its robotic-warehouse deal.
Shares in the retailer slumped by over 17% yesterday (18 November) as Kroger said that it would shut three of its automated warehouses which use Ocado’s tech in January 2026, after they failed to meet “financial expectations”.
The retail and tech business said that the warehouse closures across Maryland, Florida and Wisconsin would lead to a £38m ($50m) reduction to its sales n