Adidas taps AWS for its SAP workloads and to integrate AI & analytics into their supply chain
Key Signals in Retail and Consumer Goods
Centre Setup and Expansion Carrefour opens its first contactless store in Paris The new Carrefour Flash 10/10 store in the French capital’s eleventh arrondissement incorporates 60 high-definition cameras and nearly 2,000 on-shelf sensors to identify the products customers select. Read More>> Newegg opens two new distribution centers Newegg now operates eight distribution facilities located throughout the US, including in key domestic hubs such as Los Angeles, Indianapolis, the New York metropolitan area, and Atlanta. Read More>> World’s biggest Ikea opens in the Philippines as part of global push Its opening comes as Ikea has expanded its e-commerce presence — which proved timely during the pandemic — with online orders now accounting for 26% of its global sales. The company, which has more than 460 physical stores in about 60 markets, is planning to add nearly 60 more locations in the current financial year. Read More>>Deals and Deal Renewal Under Armour selects Nedap for Global Deployment of RFID in Retail Nedap will roll out Nedaps iD Cloud inventory visibility platform. The platform will be deployed throughout 400 of Under Armour’s owned & operated stores across the globe. Read More>> cbdMD gains on an exclusive agreement with Amazon’s Amify platform As per the agreement, Amify will act as cbdMD’s exclusive CBD partner to launch products on the Amazon platform as soon as the category is accepted and becomes available. Read More>> Adidas chooses Amazon Web Services for its SAP workloads Adidas will migrate its SAP environment to AWS. This new cloud-based system will support the company’s physical sales channel to be integrated with AWS capabilities, such as machine learning and analytics, to streamline the supply chain, inventory, and merchandising operations for retail stores around the world, according to the announcement. Read More>>Partnerships Asda recruits specialist AI and IoT agencies to understand the future of retail Asda has partnered with agencies in Manchester and Leeds to run of series of trials to improve the retail experience. Internet of Things specialist, Hark, and Artificial Intelligence software company, SeeChange, will install technology across its Stevenage store to gather data, including spillages, stock levels, and queue management. Read More>> Adidas partners with Coinbase, The Sandbox could be next The partnership has gotten a lot of attention within the crypto space due to the German company’s stance as one of the leading sports apparel manufacturers in the world. Neither Coinbase nor Adidas provided further details regarding the partnership. Read More>>Mergers and Acquisitions General Mills acquires full ownership of Yoplait’s Canadian business following the sale of European operations The deal, which was originally announced in March 2021, is part of General Mills’ broader strategy of reshaping and refocusing its portfolio on other product segments. In exchange, General Mills has acquired Sodiaals 49% ownership interest in Yoplait Canada Holding Co., which generated USD 290 Mn in net sales in fiscal 2020. Read More>> Tesco Ireland acquires Ten Galway-based Joyce’s Supermarkets The acquisition is subject to the approval of the Competition and Consumer Protection Commission (CCPC), the retailer said. The supermarkets currently operate under the Joyce family’s independent brand and, subject to CCPC approval, will be rebranded and designed as Tesco stores throughout 2022 on a phased basis. Read More>>Executive Movement PepsiCo announces the appointment of Kyle Faulconer as CEO for Australia and New Zealand Faulconer will relocate to Sydney from his native US, where he is currently vice president and general manager at PepsiCo’s Frito-Lay snacks business, responsible for leading the strategic agenda for Walmart, one of PepsiCo’s largest global customers. Read More>> Mattel names new Senior Vice President Glenn Abell was named Senior Vice President, MEGA, and Global Head of Construction category at Mattel, Inc. effective today. He reports to Richard Dickson, Mattel’s President, and Chief Operating Officer. Read More>> Lidl promotes Ryan McDonnell to UK CEO Lidl has announced current UK CEO Christian Hartnagel will become chief executive at Lidl Germany, while Ryan McDonnell will be promoted to lead the group’s UK operations. The supermarket business, which runs over 11,500 stores around the world, said Hartnagel would become CEO of Lidl Germany, the largest of the Lidl businesses. Read More>>
Latest Industry Insights from Draup Braindesk
Retail Insights:
Digital Transformation in Retail(Key players)-LATAM Region
Partnered with PayPal to integrate PayPal as a payment option in Brazil and Mexico. The integration allows merchants to have access to a more extensive consumer base, both domestically and abroad, and connect to a robust digital payments ecosystem.
Launched its first distribution center in Chile. It aims to improve logistics and reduce the delivery time of products bought by Chileans, and the facility has a total storage capacity of 400,000 items.
Selected AWS as its primary cloud provider to transform the company into a data-driven organization, improve user experiences, accelerate new services, and support its regional expansion.
BigCommerce partnered with Mercado Libre to give BigCommerce merchants the ability to sell across Latin America to nearly 133 million unique consumers on Mercado Libre’s Marketplace and power cross-border eCommerce growth.
Launched a new e-commerce platform and unveils new branding for falabella.com and has categories covering the group’s retailers, together with new categories such as health, wellness, pets, books, and automotive.
Invested USD 796 Mn in 2021 in technology, logistics, and stores to consolidate its physical and digital ecosystem. Its logistics capabilities strengthened to sustain the accelerated growth of its online sales, improve the customer experience with digital and personalized solutions, and increase operational efficiency.
Stepped towards sustainable development by contracting a fully renewable energy supply for 151 premises in Chile and 93 in Peru. This binational process continues to advance Falabella’s goal of supplying its premises with renewable energy while achieving greater efficiencies and reducing energy costs.
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Key Funding Alert
Hart Dairy raises USD 20 Mn in funding
The company intends to use the funds to further expand its dairy products through farm acquisitions and strategic marketing plans to drive sales while nurturing the dairy’s humane treatment of animals, better nutrition, and regenerative farming practices. Read More>>
Startup Spotlight
Company – Spudsy Total Funding – USD 3.3 Mn About: Spudsy is a brand that offers sweet potato puffs are a guilt-free, crunchy, and tasty snack. The products are packed with vitamins and minerals that provide many important health benefits. Read More>>
Latest Reports Published in Draup
Staples, Inc. Account Intelligence Report: Staples, Inc.’s initiatives focus on enhancing its retail operations and introducing innovative new products and solutions to support the hybrid future of work. Through this model, Staples, Inc. will position its future goals in enhancing its capabilities across its offerings. Read More>>
GameStop Account Intelligence Report: GameStopGameStop’s business priorities are more aligned towards transitioning futuristic digital offerings across its business domains. With this effect, GameStop will strengthen its capabilities to meet future market demands. Read More>>
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