Ocado

  1. Channel: Grocery

Your Views: “Think Big, Think Positive, Never Show Any Sign Of Weakness”

Yesterday, we posted this email from an MNB reader, commenting on kroger’s recent Q1 numbers: The one thing that stands out for me is the 50% increase in quarterly earnings versus year prior. Marginal sales improvement versus a 50% increase in earnings. It is quite obvious that Kroger is fattening up their cash position to […]
2 min read
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  1. Technology & Innovation

Journey’s end: robotics startup Karakuri collapses after failing to secure new funding

Ocado backed robotics startup Karakuri, which was founded in 2018, is winding down its operations. The firm, which developed technology for the QSR industry, had been in talks to secure additional funding, and had recently discussed a rescue deal with Henny Penny, a US-based food-service equipment manufacturer. But those negotiations fell through. Big news! @Jestic_Ltd […]
2 min read
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  1. Operations & Supply Chain

Shopify Lays Off Employees, Sells Off Logistics Business

The Information reports that Shopify plans to “lay off 20% of employees and would sell its logistics business to Flexport, as the e-commerce company pushes to cut costs further and refocus on its core business.” The moves come as the company said that its Q1 revenue increased 25% to $1.5 billion, compared to the same […]
2 min read
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  1. Channel: Ecommerce & Digital

Ocado Group announces an agreement to acquire 6 river systems

Ocado Group has announced it has reached agreement with Shopify over the acquisition of 6 River Systems. 6 River Systems is a collaborative AMR (Autonomous Mobile Robot) fulfilment solutions provider… The post Ocado Group announces an agreement to acquire 6 river systems appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Channel: Ecommerce & Digital

Usdaw to enter into talks with Ocado over proposed site closure

Retail and distribution trade union Usdaw is to enter into consultation talks with online retail giant Ocado after it announced the proposed closure of its Hatfield customer fulfilment centre, with plans to move work to their facility in Luton. Dave Gill, Usdaw national officer, said: “This proposal is obviously very concerning for our members and […]
< 1 min read
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  1. Channel: Grocery

Kroger opens Austin fulfillment spoke

CINCINNATI — Kroger Co. last month opened its latest fulfillment “spoke” in Austin, Texas, allowing the grocery retailer to expand the reach of a customer fulfillment center (CFC) already operating in the Dallas area and powered by technology from U.K.-based Ocado Group PLC. “Austin is one of the fastest-growing cities in the country, and we […]
2 min read
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  1. Technology & Innovation

Featuring Grab2Go, Karakuri, and Valtech: RTIH’s biggest retail technology articles on LinkedIn right now

We’re big fans of LinkedIn and are busy building an amazing community of retail tech enthusiasts on the social media platform. These are the articles that are currently on their radars, including Specsavers, Nando’s, Amazon, Tesco, Obsess, Covariant, and In The Style. Valtech announces partnership with Specsavers to optimise optical retailer’s customer facing technology Having […]
4 min read
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  1. Channel: Ecommerce & Digital

Ocado appoints Pepco CFO as new chief financial officer

Ocado has announced the appointment of new chief financial officer, Mat Ankers, who will oversee the group’s finance, operations, IT and insights. Ankers brings years of expertise, working at retailers… The post Ocado appoints Pepco CFO as new chief financial officer appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Channel: Ecommerce & Digital

British court dismisses AutoStore’s patent infringement suit against Ocado

A British court ruled that Ocado did not infringe on two of AutoStore’s warehouse technology patents. AutoStore initially claimed in 2020 that Ocado infringed on six patents. Four of those were invalidated or withdrawn before the London case. “Our fulfillment centres can freely operate in light of this judgment,” said an Ocado spokesperson.
< 1 min read
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  1. Channel: Ecommerce & Digital

Kroger reportedly slows Ocado fulfillment center rollout

The retail giant admits there has been a lot to learn with both the tech as well as customer behaviors. For Kroger, rolling out its automated Ocado fulfillment centers across the U.S. hasn’t exactly been an automatic process. The power grocer announced an aggressive plan back in 2018, when it said there would be as […]
2 min read
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  1. Technology & Innovation

Ocado wins “robot wars” against AutoStore in UK’s High Court

Ocado has comprehensively won the patent infringement suit brought by Norwegian robotics firm AutoStore, UK High Court has announced. Judge Hacon ruled that the asserted against Ocado patents were invalid… The post Ocado wins “robot wars” against AutoStore in UK’s High Court appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Channel: Ecommerce & Digital

Ocado sales jump 3.4% despite shoppers spending less

Online-only grocer Ocado Retail has reported being “on track to restore sales momentum” as its sales rise to £583.7m in the first quarter despite shoppers buying less. The company, which… The post Ocado sales jump 3.4% despite shoppers spending less appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Channel: Ecommerce & Digital

Ocado becomes most-shorted stock in London

Ocado has been targetted by short sellers after it reported a £501m loss last month, with over 6% of stock currently out on loan to hedge funds, which will make… The post Ocado becomes most-shorted stock in London appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Channel: Ecommerce & Digital

Is the quick delivery bubble about to burst?

As Getir, the quick commerce market leader, is set to unveil yet more job cuts, Vineta Bajaj – ex Ocado finance director and current CFO of pan-Europe online grocery firm… The post Is the quick delivery bubble about to burst? appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Channel: Ecommerce & Digital

Kroger’s New Spoke Facility Expands South Florida Delivery Footprint

Kroger last week announced the opening of a new “spoke facility” in the Miami, Florida, area that it says “will work in conjunction with the Groveland, Florida fulfillment center. “All orders are picked at the products’ peak freshness within the Groveland facility. Associates carefully assemble orders and place them in climate-controlled vehicles to travel to […]
< 1 min read
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  1. Channel: Ecommerce & Digital

Amazon Fresh UK pulls plug on Just Walk Out technology powered Dalston, London store

Amazon Fresh UK has closed its Dalston, London location, less than 18 months after opening it in a blaze of autonomous retail glory. Amazon did not respond to our request for comment. Its first UK checkout-free store arrived in March 2021, in Ealing, west London. It then quickly opened another 18, predominantly in the capital, […]
2 min read
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  1. Technology & Innovation

RTIH rustles up the six biggest retail technology news stories of the week

It’s Friday, the weekend is almost upon us, so let’s kick back and reflect on another eventful week for the retail systems space. Here’s your briefing on the most important stories from the past five days, including Walmart, Salesforce, Rohlik Group, Halfords, Amazon, and Oxbotica. 1. Walmart and Salesforce team up to offer local fulfilment […]
4 min read
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  1. Channel: Ecommerce & Digital

Ocado and Asda trial ‘driverless vans’ in secret London locations

Ocado and Asda are trialling driverless delivery vans in secret locations across London, in partnership with technology firm Wayve. According to The Evening Standard, both supermarkets have trials underway as… Ocado and Asda are trialling driverless delivery vans in secret locations across London, in partnership with technology firm Wayve. According to The Evening Standard, both supermarkets […]
< 1 min read
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  1. Channel: Grocery

Another strong quarter for Kroger

CINCINNATI – The Kroger Co. today said sales, excluding fuel, increased 6.4% to $34.2 billion in the third quarter ended Nov. 5. With consumers continuing to demonstrate a willingness to spend on food despite rising prices, the company raised its forecast for the full year. Kroger said comparable-store sales, excluding fuel, increased 6.9% in the […]
2 min read
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  1. Channel: Ecommerce & Digital

Ocado launches Beet Insights supplier data tool

Ocado Retail is rolling out a new shopper insights product to suppliers, within its new insights platform Beet by Ocado. The product – Beet Insights – will provide “the deepest and broadest customer shopping insights available in the UK” Ocado said. Beet by Ocado replaces the online grocer’s former insights platform Crunch, and has been in use […]
2 min read
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  1. Channel: Ecommerce & Digital

Ocado shares soar on Kroger and Albertsons merger

Ocado shares were up by over 10% on Thursday after talks of a potential tie-up with US grocery giant Kroger and rival Albertsons could benefit the UK online-only grocer. Kroger,… The post Ocado shares soar on Kroger and Albertsons merger appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Channel: Dollar/Value

Then there were three?

British grocery retailing has for decades been dominated by a small number of large and powerful retailers. That remains the case. Over the period however the number of firms involved has altered. In the 1980s we talked about the “big 5”. This became the “big 4” when Morrisons and Safeway merged and has remained that […]
2 min read
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  1. ESG
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Retailers Gain Control of Their Sustainability Goals as the ESG Storm Clouds Start to Gather Over Operations

Using event-driven architecture (EDA), retailers must link essential data at speed and scale throughout their ecosystems near and far to come to grips with now essential environmental, social and governance (ESG) reporting in three key areas. 1. Dead Heading — Optimizing Transportation/Emissions on Every Journey When it comes to transportation within the retail sector, any […]
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  1. Technology & Innovation
  2. Channel: Dollar/Value
  3. Channel: Ecommerce & Digital
  4. Channel: Grocery
  5. Department: Food
  6. Corporate Strategy
  7. Media & Marketing
  8. Shopper & Customer
  9. Technology & Innovation
  10. Trends & External Forces
  11. Retail Operations
  12. Merchandising
  13. Stores & Formats

Why Amazon’s Just Walk Out initiative failed – and why it’s not the end of checkout free technology

It recently emerged that Amazon’s Just Walk Out offering is being dropped from Amazon Fresh stores. However, it’s not checkout-free tech that’s failing, it’s the fact that Amazon’s checkout free solution doesn’t work, especially in grocery retailers, argues Will Glaser, Founder and CEO at Grabango. In the dynamic grocery retail landscape, a transformative wave is […]
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