|Bid||2,207.00 x 0|
|Ask||2,208.00 x 0|
|Day's Range||2,176.00 - 2,236.00|
|52 Week Range||994.01 - 2,914.00|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||985.69|
The Kroger Family of Companies (NYSE: KR), America's largest grocery retailer, and Ocado (LSE: OCDO), a world leader in technology for grocery e-commerce, today announced the continued expansion of their partnership with plans to construct an additional Customer Fulfillment Center (CFC) in the South region, while also collaborating with Ocado on in-store fulfilment (ISF) capabilities with a planned rollout across Kroger stores, beginning in 2021.
Grocery and technology firm Ocado Group is buying two robotics firms, to boost the automation of online grocery orders.
Luca Ramotti, an analyst at Legal & General Investment Management, said the firm recently heard from the co-founder of Kiva Systems, Raffaello D’Andrea, who said (AMZN)has been able to deploy hundreds of thousands of mobile robots that run on artificial intelligence. “In these and other applications, embracing robotics and AI is cost-effective, safer, autonomous (as the technology works continuously in the background once switched on), limits human errors, and its marginal costs are minimal, so it can be scaled-up rapidly and applied frequently,” said Ramotti. Ocado paid $262 million for Kindred Systems, which makes item-picking robots for ecommerce and order fulfilment, and $25 million for Haddington Dynamics, which makes lightweight robotic arms that can be 3-D printed.