Steiner: Ocado acquisitions could pave way for move into new sectors
Ocado chief executive Tim Steiner says the group’s acquisition of two robotics firms could pave the way for the grocery pureplay to move into the general merchandise and fashion sectors in future.
Steiner said Kindred Systems, the US-based robotics solutions company it acquired today for $262m (£203.7m), already works with fashion and general merchandise clients such as Gap and American Eagle.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.