March 26 (Reuters) - Coles Group Ltd (COL) :
- ENTERS EXCLUSIVE PARTNERSHIP WITH OCADO
- EACH CFC HAS AN ESTIMATED SALES CAPACITY OF BETWEEN APPROXIMATELY $500M AND $750M PER ANNUM
- UNDER SERVICE AGREEMENT COLES WILL GAIN ACCESS TO OCADO'S OCADO SMART PLATFORM (OSP) TECHNOLOGY
- CAPITAL EXPENDITURE INCLUSIVE OF UPFRONT OCADO FEES IS EXPECTED TO BE $130M TO $150M OVER FOUR YEAR DEVELOPMENT AND CONSTRUCTION PERIOD
- INITIATIVE IS EXPECTED TO APPROXIMATELY DOUBLE COLES' CURRENT AUSTRALIA-WIDE HOME DELIVERY CAPACITY
- INITIATIVE EXPECTED TO LEAD TO AN IMPROVED PROFIT MARGIN FOR COLES ONLINE
- TWO AUTOMATED CUSTOMER FULFILLMENT CENTRES ARE EXPECTED TO BE OPERATIONAL BY FY23
Source text: (http//bit.ly/2Wppg4b)
News: COL Coles Group Enters Exclusive Partnership With Ocado Group PLC
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