Ocado Group, a UK online grocery firm, reported a narrowed £400m loss in 2022, and expects its technology division to grow by up to 20% due to robotic warehouse rollouts.
Ocado Group, a UK-based online grocery firm, reported a £400m loss for 2022, narrowing from a £500m loss in 2021. The company expects its technology division to grow by up to 20% this year due to the rollout of robotic warehouses for large retailers worldwide. Ocado is also working to improve its partnership with US grocer Kroger Co and is in negotiations with Marks & Spencer Group Plc regarding a performance-related payout.
February 29, 2024
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