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Kroger Expands Fulfillment Network To Three New Cities

Benzinga Real-time News · Mar 4, 2022 12:06

Kroger Co (NYSE:KR) said it is expanding its delivery capacity by adding spoke facilities in Austin and San Antonio in Texas, and Birmingham in Alabama.
The new Texas and Alabama facilities will serve as new geographies for the organization. The facilities are expected to become operational later this year and create many job opportunities.
The new facilities are powered by the Kroger Fulfillment Network and Ocado Group PLC (OTC:OCDDY). In 2018, the companies collaborated to establish a delivery network that combines artificial intelligence, advanced robotics, and automation.
Price Action: KR shares are trading higher by 4.41% at $57.53 on the last check Friday.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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