CommerceHub Completes Acquisition of Channel Advisor to Help Retailers and Brands Increase Global Sales.
Key Signals in Retail and Consumer Goods
Centre setup and Expansion Westrock Coffee hosts groundbreaking ceremony to begin refurbishments on new facility in Conway The Conway facility is one of eight global Westrock sites providing coffee, tea, flavors, extracts, and ingredients solutions sourced from 35 origins around the world. Currently, Westrock delivers over 20 million cups of coffee a day and is the number one provider of coffee and tea to food service in the U.S., as well as a leading coffee extracts supplier in RTD coffee. Read More>> Grocery Outlet to celebrate grand opening in Atwater Merced County Times The Atwater community will experience a new, highly affordable, quality shopping experience with the Grand Opening of the new Grocery Outlet at 1093 Bellevue Road. Meanwhile, they started their first Grocery Outlet store in Stockton for a couple of years, then moved to Mammoth Lakes and started another. Read More>>Deals Interstate Batteries and Kenco Group partner to get products to distributors & customers faster The company has selected Kenco as its partner for distribution and fulfillment center network operations. Kenco’s integrated supply chain solutions will help Interstate improve product availability, reduce operational complexity, and enhance its partnerships with distributors, customers, and suppliers. Read More>> Fresh Del Monte chooses Daikin’s ZeSTIA units The company has ordered 2,200 Daikin ZeSTIA units, of which ten are fitted with Daikin’s CA technology. A further 500 of the ZeSTIA units will be used during the 2022/2023 Chilean fruit season on the Chile-USA trade, carrying the primary cargo of grapes with apples, peaches, plums, and blueberries also set for transportation. Read More>>Mergers and Acquisitions CommerceHub completes acquisition of ChannelAdvisor The company announced the completion of its acquisition of ChannelAdvisor Corporation, which enables brands and retailers to increase global sales for $23.10 per share in cash. With the completion of the transaction, ChannelAdvisor shares have ceased trading and are no longer listed on the New York Stock Exchange. Read More>> FEMSA acquires payment aggregator NetPay The company has announced the acquisition of payment aggregator NetPay for small and medium-sized businesses in Mexico. With this transaction, Digital@FEMSA continues to build an omnichannel portfolio of diverse financial and digital services to simplify the lives of millions of people. Read More>>Partnerships Germany’s Puma & Foot Locker announce expanded partnership The partnership is underscored by a focus on basketball and creating exclusive product collections that meet the demands of this growing next-generation market segment. The companies will roll out hyper-relevant creator engagements and brand partnerships that specifically resonate with a younger audience. Read More>> Kellogg and S Supplement launch the new Protein 90 protein with Zucaritas Cereal The two companies come together to create Protein 90, a food supplement of plant origin, lactose-free and with pieces of Zucaritas cereal, to form part of a healthy and sustainable diet. Read More>> SpartanNash partners with Uber for convenient grocery delivery The two companies are extending this service to SpartanNashs network of 2,100 independent grocery retail customers as part of their partnership to deliver customer-centric innovation. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,500 strong and growing. Read More>>Executive Movements Vikram Idnani appointed Chief Information Officer of Landmark Group India The company has appointed Vikram Idnani as Chief Information Officer (CIO) for its India business. The step will strengthen the company’s leadership team. In his new role, Vikram will be responsible for Landmark Group’s implementation and execution of all technology initiatives coupled with customer experience enhancement. Read More>> River Island CEO Will Kernan to step down after three years The chief executive of the company Will Kernan is set to resign after three years in his role. Kernan, the chair of the luxury biscuits business Biscuiteers, is leaving to pursue personal projects. Kernan joined River Island from cycling and tri-sports specialist Wiggle in September 2019. He added to the executives earlier this week that he is extremely grateful for the time spent as an Islander. Read More>> The TJX Companies, Inc. names John Klinger Chief Financial Officer John Klinger has been promoted to Executive Vice President, Chief Financial Officer, effective January 29, 2023, the beginning of the TJXs fiscal year. Mr. Klinger will oversee Corporate Finance for TJX, including Audit, Treasury, Tax, and Investor Relations. John has worked for TJX for over two decades and has both the financial expertise and deep understanding of TJX that are vital to this role. Read More>>
Rite Aid’s strength is its ability to develop new products.
Rite Aid increases own-brand sales and penetration by expanding its assortment, redefining brand architecture, refreshing package design, and driving greater marketing support.
Rite Aids RxEvolution will enhance and modernize the company’s technology platforms, focusing on customer experience and design.
Funding Alert
Perdue Farms Invests USD 27 Million in Pet Treat Plant
The Right Place, an economic development organization in West Michigan, announced that Perdue Farms plans to invest more than USD 27 million to renovate a local food processing plant into a pet treat facility. The Right Place is supporting the facility renovation. The facility will support Perdues Spot Farms, and Full Moon pet treat brands, which are sold throughout the United States and Canada. Read More>>
Startup Spotlight
Company – NutriTap Total Funding – USD 2.05 Mn About: NutriTap brings nutritious yet delicious foods and beverages on tap through automated retail machines. We aim to bring health and nutrition to sedentary corporate life through our innovative, tech-driven, and anywhere-anytime automated retailing machines. Our nutritionists scan a range of national and local health foods and select products best suited to modern lifestyle challenges. Employees love NutriTap because they get what they want in 45 seconds via their preferred digital payment channel. Read More>>
Amazon Devices Account Intelligence Report
The purpose of this document is to provide an overview of Amazon Devices’ global strategic initiatives. Read More>>
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