Ocado share price falls after sales warning following warehouse fire

Mae Love
February 10, 2019

British online supermarket Ocado said on Thursday the fire service was expected to remain at its badly damaged complex in southern England for at least the next few days as they continue to bring the blaze under control.

Local residents and workers are now able to access the affected area as normal. See the news story on The Guardian (or any other major news websites); and Retailer Gazette had this to say "This could put a significant dent in Ocado's operations, as its high-tech store was fundamental in securing its landmark deal with U.S. grocery giant Kroger".

The firm paid for hotel rooms for those who had to leave their homes during the night and sent its distinctive Ocado vans packed with food, drink, nappies and other essentials to Andover to help. "We would like to thank the large number of local businesses that came to the assistance of the community".

The cause of the fire has not been established.

Ocado added it was working to minimise disruption for customers by increasing capacity at its three other major United Kingdom facilities in Hatfield, north of London, Erith, near the capital and Dordon in central England.

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Hampshire Fire and Rescue Service said four firefighters had been treated for slight smoke inhalation.

The company confirmed that no members of its team or the public have been injured. Roads around are the site were opened, although firefighting operations continued.

Fire crews from neighbouring services were dispatched to provide support for what was a challenging and complex incident.

About 100 residents were moved on Wednesday night and a 500m exclusion zone set up after the blaze unexpectedly escalated late that afternoon. At this time, it is suspected that the fire originated in the automated packaging department - 30,000 orders were prepped each week nearly entirely by robots.

Ocado saw its share price fall more than 6% on Wednesday morning after news hit that one of its warehouses had caught fire, leading the company to issue a sales warning.

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