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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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