Aldi’s New Investment Outlook Prioritises Energy-Saving Innovations and Customer In-Store Experience
Key Signals in Retail and Consumer Goods
Deal Al Dahra signs supply agreement with key Estonian group Al Dahra Group and Golden Fields agreed to supply Baltic premium animal feed exclusively. The agreement will help Baltic farmers build a processing facility to make livestock pellets, high-protein feed pellets, plant-based protein products, and fiber products. Read More>>Partnerships MongoDB and Alibaba Cloud extend global partnership MongoDB and Alibaba Cloud extend their strategic partnership for four more years to integrate MongoDB-as-a-service, ApsaraDB for MongoDB, into Alibaba Cloud’s global data centers. The collaboration provides scalable, flexible, and affordable database solutions to gaming, automotive, and content development customers. Read More>> Build-a-bear workshop opens at kalahari resorts & Conventions Build-A-Bear Workshop and Kalahari Resorts announce a partnership, bringing Build-A-Bear experiences to all four Kalahari Resort locations. This expansion reflects Build-A-Bear’s focus on non-traditional tourist destinations to create memorable experiences for families. Read More>> Greggs teams up with Sainsbury’s on forecourt concession Greggs and Sainsbury’s have joined forces to open their first concession at a Sainsbury’s petrol station in Biggleswade. The collaboration will offer customers a selection of Greggs’ menu items along with Sainsbury’s convenience range. The partnership aims to expand further across the UK, with additional concessions planned for later this year. Read More>>Centre Setup and Expansion Primark set to open its Lanzarote store in Open Mall Arrecife in June This popular clothing retailer will now offer its affordable fashion options to residents and tourists on the island. The new Primark store in Lanzarote is expected to provide a wide range of clothing and accessories for shoppers. Read More>> New Sheetz location comes to Franklin County, PA Sheetz will open its third Greencastle, PA, store on West Baltimore Street in late July or early August. The 6,132-square-foot location will have self-service kiosks, 12 gas pumps, indoor and outdoor seating, and alcohol. Pennsylvania, North Carolina, Virginia, West Virginia, Ohio, and Maryland have 700 Sheetz stores. Read More>> Lowe’s Broadens Rural Footprint with Farm and Ranch Offerings in Up to 300 Stores Lowe’s introduces a new one-stop shop concept, expanding in rural areas with up to 300 additional stores, offering a wider range of farm, ranch, and outdoor products. The expansion includes specialized hardware, Carhartt apparel, Wrangler expansion, and more national apparel brands to meet rural homeowners’ unique needs. Read More>>Mergers and Acquisitions Asda confirms acquisition of EG Group UK and Ireland operations in a USD 2.8 Bn deal The acquisition includes 350 petrol filling station sites and over 1,000 food-to-go locations, enabling Asda to serve approximately 21 million customers each week. Read More>> Greenyard to acquire frozen startup Gigi Gelato Greenyard has acquired Gigi Gelato to expand its plant-based product range. Gigi Gelato offers a healthy alternative to gelato using fruit and vegetables, and the acquisition will provide access to a broader market within the frozen category. Read More>>Executive Movements New Balance appoints Radeshwer Davar as India’s Country Manager Radeshwer Davar will lead the brand’s direct entry into the Indian market. With 15 years of experience in retail, including luxury and sporting goods, Radeshwer aims to establish a strong presence, drive sustainable growth, and foster pride among athletes, associates, and communities. Read More>> Golden State Foods names new top executive Dick will manage the company’s global food manufacturing, logistics, and administrative operations with his global operations experience and leadership skills. Read More>>Financial and Market Activity Tilly’s, Inc. announces First Quarter operating results Tilly’s Inc.’s first-quarter fiscal 2023 net sales fell USD 22.1 million, or 15.2%, from the previous year. Net sales from physical stores fell USD 19.7 million, 16.7%, and e-commerce fell USD 2.5 million, 8.7%. Gross profit as a percentage of net sales decreased, primarily due to increased markdowns to manage inventory levels. Read More>>
Latest Industry Insights from Draup Braindesk
Retail store development Services
Pepco Poland is keen on expanding its retail software development for omnichannel infrastructure, personalized shopping carts, and e-commerce platforms for retailers, manufacturers, and consumer goods companies.
Pepco Poland develops in-depth, comprehensive retail software for commercial operations, automating and streamlining processes for product information management, merchandise management, and promotions management.
The company focuses on incorporating supply chain & logistics management functionality to streamline transportation, warehouse management, logistics, and reverse logistics operations.
E-commerce Services
Pepco Poland focuses on developing e-commerce solutions that ensure high performance, optimization, or pre-existing platforms to greatly improve the quality of business.
By focusing on standardization and repeatability across the store structures, Pepco expands its store footprint efficiently in line with its growth prospects.
Service Providers with rich expertise in Ecommerce Development Services would have a good opportunity to serve Pepco Poland with better solutions.
Innovative Consumer Products
Conagra intends to provide innovative, customized food products, such as meals, entrees, sauces, and custom-manufactured products, to make customers’ free time unique and more delicious.
The company offers unique banking product kits that provide consumers with fun-filled bakery treats at home. The baking products lineup provides easy-to-make desserts and delicious baking items at home itself.
Conagra provides unique beverages to its customers that are ready-to-use milkshakes, offer a unique experience for consumers, and are available in grocery stores, retailers, and other outlets.
Key Funding Alert
ALDI invests USD 1 Mn in revamp at Longford store
ALDI’s Longford store has invested nearly USD 1 million in Project Fresh, which focuses on energy-saving innovations and customer experience. ALDI’s award-winning Project Fresh retrofitting program will upgrade six stores nationwide in 2023 with USD 7.7 million. This program seeks energy-saving store infrastructure upgrades. Read More>>
Startup Spotlight
Company – Bean Box Total Funding – USD 7.84 Mn About: Bean Box is a coffee gift and subscription platform that features sample roasts of artisan coffee. Every month, subscribers receive four hand-picked gourmet coffee roasts from different top-rated roasters. The whole beans are shipped within 1-2 days of roasting to ensure peak freshness. Seattle-based Bean Box was founded in 2014. Read More>>
Latest Reports Published in Draup
The TJX Companies Account Intelligence Report
TJX Companies wants to expand retail centers with automated and manual systems to manage merchandise through a network of warehouses, distribution, fulfillment, and shipping centers. Read More>>
Here’s what’s new on our Sales Intelligence Platform IT Spend analysis in an account’s financials view
Introducing IT Spend Analysis in an Account’s Financials view to help you understand the account spending propensity
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