The global retail company Kroger announced the expansion of its partnership with Ocado with plans to construct three new Customer Fulfillment Centers (CFC) in the Great Lakes, Pacific Northwest and West regions. Ocado is a world leader in technology for grocery ecommerce.
- The new facility in the West will measure 300,000 square feet, the new facility in the Pacific Northwest will measure 200,000 square feet, and the facility in the Great Lakes region will measure 150,000 square feet.
- Kroger has partnered with Ocado to accelerate its ability to provide customers with anything, anytime, anywhere. The CFC model incorporating state-of-the-art automation and AI will be used to expand Kroger products to a larger footprint.
- When operational, the facilities will collectively create more than 1,000 new jobs, with the potential for hundreds of additional career opportunities. The exact locations of the new facilities will soon be announced.
The major deals and expansions by Kroger are featured below:
May 2020: Kroger announced that it has hired more than 100,000 workers in the past eight weeks, including those from the hardest-hit sectors like restaurants, hotels and food service distributors. The Kroger Family of Companies has invested approximately USD 700 million.
December 2019, Building on a unique collaboration that first brought together The Kroger Co.’s food and grocery experience with Walgreens’ expertise in health and beauty, the companies have formed a new group purchasing organization (GPO) aimed at delivering purchasing efficiencies, lower costs and combined resources to help drive further innovation. The new joint venture will be called Retail Procurement Alliance.
April 2019, The Kroger Co. announced it had completed the sale of its Turkey Hill business to an affiliate of Peak Rock Capital. Kroger’s sale of the Turkey Hill business was for total consideration of $215 million. Kroger intends to use the after-tax cash proceeds from the sale to reduce debt.
About The Kroger Co
The Kroger Co. is a global retail leader, based in USA. Kroger is the United States’s largest supermarket chain by revenue. It serves nine million customers daily through a seamless digital shopping experience and 2,800 retail food stores under a variety of brand names.