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Ocado Shares Plunge as Sobeys Closes Calgary Warehouse

1/29/2026

Summary

Story summary

Ocado Group plc reports Sobeys Inc., its Canadian partner, will close the Calgary automation warehouse.
Ocado Group plc's shares fell nearly 10%.
Kroger Co.'s recent closure of three Ocado warehouses followed slower Alberta grocery e-commerce growth and reduced Ocado's value.
Tim Steiner, Ocado's chief executive officer, announced a strategic reset for North American operations.
Sobeys Inc. will operate two centers in Toronto and Montreal and adopt Ocado's Swift Router.

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Story summary

Ocado Group plc reports Sobeys Inc., its Canadian partner, will close the Calgary automation warehouse.
Ocado Group plc's shares fell nearly 10%.
Kroger Co.'s recent closure of three Ocado warehouses followed slower Alberta grocery e-commerce growth and reduced Ocado's value.
Tim Steiner, Ocado's chief executive officer, announced a strategic reset for North American operations.
Sobeys Inc. will operate two centers in Toronto and Montreal and adopt Ocado's Swift Router.