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Benzinga
Benzinga
Business
Shivani Kumaresan

Kroger Expands Fulfillment Network To Three New Cities

KR (Organization) Alabama Texas Austin Birmingham Kroger Co NYSE Ocado Group PLC San Antonio
  • 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.
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