- Kroger Co 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 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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