UK's Ocado Says Canadian Partner to Close Warehouse in Latest Blow
Ocado, the British technology and online grocery group, said on Thursday its Canadian supermarket partner Sobeys has decided to close its robotic warehouse in Calgary, dealing another blow to the Ocado business model.
The planned closure of the Calgary customer fulfilment centre (CFC) was blamed on the Alberta grocery e-commerce market's size and the rate of expansion being slower than originally anticipated.
It follows last year's move by U.S. grocer Kroger, Ocado's biggest partner, to close three automated warehouses, which hammered Ocado's shares...
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