Ocado entering U.S. market through technology deal with Kroger

in #kr • 7 years ago

Ocado Group PLC OCDO, +37.43% which runs online delivery services and makes related software, said Thursday it's signed a partnership agreement with supermarket chain The Kroger Co. KR, +0.77% under which Kroger will use Ocado's technology in the U.S. for grocery and other food-distribution activities. As part of the agreement, Kroger will buy a 5% stake in the British company by purchasing more than 33.1 million new, ordinary shares at a value of £183 million ($247 million). Kroger and Ocado are working to choose the first three sites for 2018 for development of automated warehouse facilities in the U.S. Ocado said up to a total of 20 facilities will be identified for development over the first three years of the agreement. Ocado expects the earnings impact from the Kroger deal to be neutral in fiscal year 2018.

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7 years ago in #kr by
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     7 years ago 

    Woff, woff!

    Hello @hopefull2, We have met 5 times already!

    I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

    KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!

    Tips:

    • If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
      Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
    • So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post. Yikes! I hope that wouldn't happen to you.
    • If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post. Double yikes!
    • If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
    • If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist. Oops!

    I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!

    Woff, woff! 🐶

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