Online retailer and tech firm Ocado has secured a 350 million US dollar (£262 million) compensation payout after its US partner’s decision to scale back its robotic warehouse plans.

Ocado said US retail giant Kroger will make the one-off cash payment in January.

It follows the announcement last month that Kroger will shut three warehouses and scrap plans for a site in Charlotte , North Carolina , which was one of two due to launch in 2026.

The news sent Ocado’s shares plunging on the day, with Ocado warning it will hit this financial year’s fee revenues by about 50 million US dollars (£38 million).

But the compensation payment is more than the 250 million dollars (£190 million) Ocado had originally said it expected to receive.

The group will continue to operate five sites for Kr

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