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Ocado shares slide as Canadian grocery partner shuts robotic warehouse
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The Independent
Read our Privacy noticeOcado has been dealt a further blow after Canadian supermarket partner Sobeys announced the closure of one of its robotic warehouses, sending shares tumbling.
It comes months after a US grocery chain decided to shut three Ocado-run warehouses and scrap plans for new sites.
Sobeys moved to close its fulfilment centre in the Canadian city of Calgary after slower than anticipated growth in the region’s grocery e-commerce market, Ocado told investors.
Ocado signed a deal with the chain, which is the second-largest food retailer in Canada, in 2018 to launch an online grocery business using its tech platform.
It also runs a UK online grocery firm as a joint venture with Marks & Spencer.