Ocado announces new CFC agreement for a European retailer
The CFC will use Ocado's Re:Imagined technology, including 600s bot and OGRP, and is expected to go live in FY28.
See the latest news and media coverage for Ocado. We track all announcements, press releases, and industry mentions in real time, all in one place.
Technology and automation provider for online grocery and retail logistics
ocadogroup.comLast updated
In short: Ocado reported strong international volume growth and secured a major deal with Asda, despite CEO succession plans and a 1,000-job cut.
The CFC will use Ocado's Re:Imagined technology, including 600s bot and OGRP, and is expected to go live in FY28.
They will deploy the Ocado Smart Platform to replace Asda's ecommerce infrastructure, covering front-end, in-store fulfilment and last-mile solutions, with roll-out from 2027.
It enables grocery retailers to fulfil orders from third-party marketplaces, own webshops, and apps. Live with Monoprix and Morrisons.
It combines operational upgrades and software to fulfill 2-6 hour and longer orders from centralised centres, maintaining efficiency and scale. Live in 15 CFCs, enabling deliveries in under two hours.
Ocado has abandoned an attempt to force Marks & Spencer to hand over a £190m payment tied to the companies' online grocery joint venture.
The facility will include new Ocado technology, including its robotic picking product and fully auto...
J.P. Morgan analyst reiterated a Buy rating on Ocado Group today and set a price target of p245.00. TipRanks Welcomes a New ETF – NYSE:RANK...
Ocado sticks to cash flow target but shares slip on facility delays...
Track Ocado and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to Ocado and other trending companies.