This week in Retail & Consumer Goods: On-demand retail gets a fillip as companies incorporate more AI & Cloud solutions into their pipeline
Latest Industry Insights from Draup Braindesk
Retail & Consumer Goods companies are investing more into new-age technologies like AI, IoT & AR/VR as market sentiments herald a new era of customer engagement & acquisition practices.
P & G has developed Smart Labs to speed research and development and are engaged with the development of futuristic offerings by developing automated vending machines, service robots, and sensor monitoring systems to enhance their customer engagements.
Kimberly Clarke introduced platforms to enhance their online traffic operation, category management, and supply chain capability and innovate their digital marketing to promote the development of “on-demand retail.” Their digital focus is inclined towards IoT, Artificial Intelligence Cloud Base, Machine Learning, and Analytics.
ALDI’s recent collaborations have been with a focus on digital payments for business growth and branch expansions around the world.
Latest Reports Published in Draup
Global Retail Market Analysis – Feb 2021: Retail companies worldwide are using robotics, asset tracking, and IoT-enabled delivery for digitizing inventory/warehouse and logistics management. Read More>>
Albertsons Companies LLC Account Intelligence Report – Feb 2021: Albertsons is laying off employees and replacing them with gig workers as application platforms are rising to compete more effectively in the growing home delivery market. Read More>>
Key Funding Alert
Google, PayU Back Retail-tech Startup DotPe gains USD 27 Mn in a funding round
The company plans to use the latest funding to accelerate product development, market expansion, and scaling technology to meet the growing demand. With this round, the Gurugram-based startup has raised USD 35 Mn to date. Read More>>
Startup Spotlight
Company – XSELL Technologies HQ Location – Greater Chicago Area, USA Total Funding – USD 25.25 Mn About: XSELL Technologies is a cloud-based platform that maximizes performance and customer experience on emerging digital contact media such as web chat, SMS text, and social networks. Read More>>
Key Insights and Signals in Draup
Mergers and Acquisitions Clearlake Capital and TA Associates-backed Ivanti closes acquisition of Cherwell The combination will further unlock the potential of the Ivanti Neurons hyper-automation platform to provide end-to-end service from IT to lines-of-business and from every endpoint to the IoT edge, resulting in personalized, contextual employee experiences and outcomes. Read More>> Synnex-Tech data deal to put heat on Ingram Micro
Tech Data’s proposed USD 7.2 Bn merger with Synnex will create a USD 57 Bn distribution behemoth, which would be nearly USD 10 Bn larger than Ingram Micro. The new Tech Data and Synnex company, which has yet to be officially named, will have more than 150,000 customers and 22,000 employees. Read More>> InPost to acquire Mondial Relay from Otto Group
Parcel locker giant InPost has announced it is to acquire 100% of the shares of French delivery company Mondial Relay from current owners Otto Group. The acquisition by InPost is set to cost close to €565 million, subject to regulatory approval and approval by the companies’ respective committees. Read More>>
Partnerships Mercari teams up with Fast Retailing for “safer trading”. The deal will let the companies jointly pursue a range of measures to establish a safer and more secure environment for the buying and selling of Fast Retailing Group brand products on the Mercari marketplace. Read More>> Southeastern Grocers advances personalization efforts for digital coupons To help elevate the digital coupon experience at Southeastern Grocers Inc. (SEG), marketing technology company Eagle Eye Solutions has partnered with Neptune Retail Solutions to deliver highly relevant digital offers to its shoppers based on their preferences and behaviors. Read More>> Whole Foods Market and Headspace team up to support well-being for mind and body this Spring The cross-platform collaboration includes a mood-brightening IGTV recipe series called Food for Mood, three new meditations focused on mindful shopping, cooking and eating, a one-month free trial of Headspace Plus and more. Read More>>Executive Movement SpartanNash Chairman Dennis Eidson to retire in May Eidson, who has served in the role since 2016, is expected to be succeeded by Douglas Hacker, a former airline executive who is currently lead independent director of SpartanNash. Read More>> Chico’s hires Chief Digital Officer Jay Topper will manage the company’s technology, security, infrastructure, supply chain, and logistics. He will report to Molly Langenstein, president and CEO of Chico’s FAS. Read More>> Galen Weston to become Chairman & President of Loblaw George Weston Limited (WN.TO) and Loblaw Companies Limited (L.TO) announced the upcoming retirement of Loblaw President Sarah Davis, on May 6. She will be succeeded by Executive Chairman Galen Weston, who will become Chairman and President in addition to his current role as Chairman and CEO at George Weston Limited. Read More>> TreeHouse Foods names Ann Sardini as new board chair In addition to her experience on TreeHouse’s Board, including as the Chair of both the Compensation and Audit Committees, Ms. Sardini is an accomplished financial expert and transformation leader with extensive experience in branded and direct-to-consumer goods and services and media companies. Read More>>Center setup and expansion Burberry and ELLE Digital Japan to launch a virtual store UK-based luxury fashion house Burberry has partnered with ELLE Digital Japan to develop an interactive virtual store. Modeled after Burberry’s Ginza store in Tokyo, the virtual space consists of three floors. Customers can visit the store and buy items from Burberry’s current spring and summer collection by selecting digital icons. Read More>>
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Introducing Statements, Earnings Call Transcripts, and Ratio sections in the Financials section
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