Ocado Inks Another International Deal, Signing Up Australia’s Coles Group to the Ocado Smart Platform

Executive Summary

• Ocado Group has signed Australian grocery retailer Coles to its Ocado Smart Platform (OSP). The companies will construct two robotic fulfillment centers in Australia, and Coles will deploy Ocado’s store-picking technology.
• Coles already generates more than A$1 billion in online sales on an annualized basis, a large share of 2018’s A$3.5 billion in total Internet sales of food and drink in Australia.
• Ocado’s deal with Coles follows similar agreements with retailers such as Kroger in the US, Sobeys in Canada and Groupe Casino in France.