Tim Steiner, Ocado's CEO, used the announcement to underline his belief "Ocado's unique, proprietary and industry-leading technology is set to transform the shopping experience of consumers around the world".
Britain's online supermarket Ocado clinched a game-changing deal with Kroger as its exclusive partner in the US, securing its entry into the world's biggest market and sending its shares up 50 percent.
The Kroger (NYSE:KR) announced an exclusive partnership agreement with online supermarket Ocado in the United States.
Now, the two companies are working to identify the first three sites for the development of new, automated warehouse facilities and will identify up to 20 sides over the first three years of the agreement. In the event of a failure to commit to the target capacity, Kroger will pay compensation to Ocado.
The agreement, Kroger's response to Amazon's purchase of Whole Foods, takes Ocado's home-delivery platform into the U.S. for the first time and marks the fourth major deal it has signed with supermarkets in six months.
Buffon confirms he will leave Juventus after 17 years
I've seen plenty of them down the years, so all that I ask for is your respect and affection towards me on the day". He has previously hinted that he will retire at end of the season but did not disclose this on Thursday.
Ocado has broken off talks with other U.S. supermarket chains following the deal with Kroger.
Under the terms of the deal, Kroger has discontinued discussions with other retail tech firms, will pay Ocado a monthly consultancy fee and is to acquire a five per cent stake in Ocado.
The retailer's efforts to create a "seamless digital experience" for customers would speed up as a result, he added.
It has also inked a deal with a yet-to-be named European retailer.
'A significant milestone in this strategy was marked in November past year when the company announced its first overseas deal with France's Groupe Casino supermarket brand - providing the company with the necessary kit and technology to launch its own online offering.
Verstappen finally got his first podium of the season and fulfilled his obvious speed and potential, which is good to see. His teammate Daniel Ricciardo, not to be left out of the highlight package, spun behind the virtual safety vehicle .
That's part of being on the staff to work with the manager to try to get what's best for the club, support as best I can. The report mentions that United are prepared to spend more than £200million to acquire the services of the 26-year-old.
It would be a huge blow for everyone. "It would make Real Madrid even stronger from a football point of view". PSG Brazilian forward Neymar . "It's a very hard time, right?" "Ney won important trophies here".
WWE has previously stated that their new television deal will be announced sometime between now and September. Styles (above) Built, may not have a home on USA Network if reports of NBCU's new deal with WWE come to pass.
Shareholders of record on Thursday, May 10th will be paid a dividend of GBX 58 ($0.79) per share on Friday, June 1st. Shares of GB Group traded up GBX 6 ($0.08), hitting GBX 524 ($7.11), on Monday, MarketBeat.com reports.
Other earnings drivers for Tencent included a video subscription service that is similar to that of Netflix. Now not available in China, it is scheduled to be launched there during the next couple of months.
Gilstrap-Portley later transferred to Hillcrest High School, attended classes and played for its basketball team. He was found out when his former coach from another school spotted him playing at an inter-school tournament.
And you know, dedicating a certain percent of betting revenues to good causes? Our hope is that this state makes the right one. But now that gambling will soon not be illegal, it doesn't matter what someone's perception is of daily fantasy sports.
The stage crossed through the hometown of Italian cyclist Michele Scarponi who was killed in a road accident a year ago. He's getting better as the race goes on, and that's not good news for me'. "There was a plan from the beginning".
Pliskova was served at 30-all with the final set deadlocked at 5-5 and went on to lose the match very much based on that decision. Her twin sister, the 71st ranked Kristyna also became a part of the controversy after she bashed the umpire and WTA on Twitter .
In the short space of time since the ruling, many people in the U.S. have been doing their best to reverse the decision. They will face a tough fight in the House because many Republican reps support FCC's regulation.
Ronda Rousey Makes Major Announcement About Her Personal Life
After watching that challenge on RAW, I felt that Nia Jax was nearly coming off heelish in her mannerisms and her body language. She felt comfortable enough to reveal that she was "soon" anticipating conceiving a baby with husband Travis Browne .
Whitby Wins Blue Flag Beach Award
The South West retained its crown as Britain's beach capital with 26 Blue Flag and 50 Seaside Award standard shores. The status gives local people and visitors the confidence to know that our beaches are well maintained.