Augmented Reality & livestream shopping spurs digital retail growth despite pandemic worries

Key Signals in Retail and Consumer Goods

Centre Setup and Expansion
Shiseido’s launches new Open Innovation Program “Fibona.”  
Fibona seeks the fusion of unique, innovative ideas from startup companies with the research and development capabilities of Shiseido’s existing businesses and commercialization, aiming to create value in unprecedented new business fields. Read More>>
Ingram Micro India signs distribution agreement with Videonetics  
Videonetics delivers a surveillance platform powered by AI and a Deep Learning engine with a wide range of applications making their end-to-end solutions incredibly robust and smart. It handles cybersecurity threats with its multi-pronged security measures to ensure users’ data privacy, security, and data integrity. Read More>>
Portwest dresses for success with Infor  
Infor announced that workwear manufacturer and distributor Portwest had deployed Infor CloudSuite Fashion in a multi-tenant cloud deployment, running on Amazon Web Services. Portwest has also taken advantage of the Infor CloudSuite capabilities for documents such as pick sheets, invoices, order confirmation, statements, and dispatch notes. Read More>>
Shopee announces new initiatives to power growth of digital retail     
This includes a new Customer Intelligence Dashboard, Shopee Display Ads, Shopee BeautyCam, Shopee Live & more. Read More>>
Digi-Key partners with CalcuQuote on its Quote API for customers
Through this partnership with CalcuQuote, Digi-Key customers can have confidence in their quoted prices and do not need to invest in extensive software development to leverage the technology. Read More>>
Wakefern Food Corp. adopts new receipt marketing technology
Wakefern Food partnered with flexEngage, a global provider of dynamic receipt and transactional communications, to power its digital receipt marketing technology. digital engagement continues to grow, the flexEngage and Wakefern partnership will elevate the post-purchase experience. Read More>>
Cantaloupe teams with Hivery on AI-based category management
Cantaloupe teamed with Hivery, a data-science company that specializes in artificial intelligence technology, to streamline category management for retailers in the consumer packaged goods industry. Read More>>
Mergers and Acquisitions
Office Depot parent to sell CompuCom unit for USD 305 Mn
ODP Corp., the parent company of Office Depot and OfficeMax, agreed in late December to sell its CompuCom Systems IT unit to private equity firm Variant Equity. Read More>>
Executive Movement
J.C. Penney taps new execs for retail technology and innovation push
Katie Mullen becomes JCPenney’s Chief Digital and Transformation Officer. Mullen will lead the growth of the e-commerce business, including She will also be responsible for driving enterprise strategy and the company’s transformation agenda. Read More>>

Latest Industry Insights from Draup Braindesk

Braindesk Insights for Retail :
Account: Macy’s

  • Macy’s strengthens its retail business by launching new brands for the latest exclusive collection that inspire confidence, personal style, and trend-based dressing.
  • There is a renewed focus on digital payment solutions; Macy’s offers seamless alternative payment solutions to customers with financial control and convenience.
  • Macy’s recently made changes in its executive team to perform technology enabled strategies to improve the Omni shopping experience and modernize the platforms.
  • Application Development & Maintenance is the highly outsourced segment, holds approximately 45% of the total outsourcing headcount. Cognizant is the key strategic outsourcing partner for Macy’s.


Key Funding Alert

Nykaa’s rival Purplle raises USD 38 Mn from Pantaloon’s CEO, Sequoia 
Purplle — Founded by Manish Taneja and Rahul Dash in 2011 — is an e-commerce platform that offers beauty products, appliances, and cosmetics. The company had closed a USD 140 Mn in October 2021, reportedly at a valuation of USD 500 Mn. It planned to use that capital to enhance its technology stack and incubate and acquire smaller startups. Read More>>

Startup Spotlight

Company – WeRoad
Total Funding – USD 19.01 Mn
About: WeRoad puts together solo travelers eager to discover the world, meet new cultures, and make new friends. In just two years, WeRoad already became a community online of more than 1 Million travel lovers on social, making it the first largest community online in the industry of young adult travel in Europe. Read More>>
Latest Reports Published in Draup
Dollar General Corporation Account Intelligence Report: Infrastructure Management Services is the highly outsourced segment, holds approximately 50% of the total outsourcing headcount. CDW Corporation is the critical strategic outsourcing partner for Dollar General Corporation. Read More>>
Currys plc Account Intelligence Report: Consulting & System Integration is the highly outsourced segment, holds approximately 40% of total outsourcing headcount. Accenture is the key strategic outsourcing partner for Currys plc. Read More>>

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