Ocado Shares Drop as Kroger Closes Warehouses: A Setback for Automation Ambitions

Ocado shares dropped sharply after Kroger disclosed plans to shut down three warehouses that use Ocado technology. This represents a significant 17% dip for Ocado as of November 19. The news is a critical moment for the UK-based online grocery technology firm and highlights the challenges in proving its automation model in the United States.