Jan 22, 2018

Ocado unveils second robotic warehouse deal

Ocado, the British internet supermarket that is reinventing itself as a supplier of robotic warehouses to retailers around the world, has unveiled its second deal with an international supermarket chain in less than two months. Canadian grocer Sobeys will launch an online shop, with orders picked from a highly automated warehouse in the Toronto area that Ocado will take two years to build. Shares in Ocado rose 11 per cent on the announcement - only the second since 2015, when the company said it would change its focus from online grocery sales in the UK to become an international technology provider. The second deal arrives as an increasing number of established retailers calculate that they can no longer resist online shopping and the threat it poses to the economics of their physical stores. Ocado started out delivering Waitrose food and became profitable in 2014 after cutting a deal to run the online grocery business of another UK supermarket chain Wm Morrison.

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