Ocado: Another Deal to Squeeze Bears


(KR), under which Kroger will use Ocado's technology in the USA for grocery and other food-distribution activities.

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.

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".

Tencent advances revenues 48%, profit over 60% in Q1
Tencent's gaming business has historically done well, with the PC games segment being the company's cash cow for a long time. The company announced that had seen growth in the double digits related to the number of daily active users for that game.

"The company now has an extremely credible partner in the largest grocery market in the world". It started distributing groceries for Waitrose and floated in 2010.

The online grocery market in the USA is less developed than in markets in western Europe but analysts believe, slowly but surely, more Americans will look to add shopping online to the way they buy food in the years ahead - and the country's largest bricks-and-mortar chains are weighing up how to play in the channel.

According to a press release issued by Ocado, it is already working with Kroger to identify three sites in the U.S. for new, automated warehouse facilities. Ocado added that, in the event of a failure to commit to the target capacity, Kroger will pay compensation to Ocado.

Trump acknowledges he repaid Cohen at least $100000
Cohen has publicly acknowledged paying Daniels, saying he obtained the cash through a line of credit on his home. Mr Trump and Mr Giuliani have clashed over what the president knew and when he knew it.

The deal should help Kroger compete with Amazon, which has entered the grocery delivery market in a big way.

The retailer's efforts to create a "seamless digital experience" for customers would speed up as a result, he added.

Ocado had kept investors waiting for years after setting out a strategy to grow faster by providing its technology to other supermarket chains overseas as well as being an online retailer in its own right.

Police ID high school shooting suspect
ABC7 reports that Dallas was the resource officer and the alleged gunman was "19-year-old Matt Milby", a former student. Howell said that students and staff at the school appeared to have acted coolly under stress during the incident.

The positive share price reaction is as much a factor of Kroger's United States grocery market dominance, as being hot on the heels (and after a great deal of waiting) of similar deals in Sweden (ICA, 2 May 18), Canada (Sobeys, 22 Jan 18) and France (Casino, 28 Nov 17).