Key Signals in Retail and Consumer Goods
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Centre setup and Expansion
Ace Hardware store opens in Lewistown
The company opened its second store in Lewistown. Initially, the Lewistown store will carry basic hardware supplies for plumbing, electrical, lawn and garden, tools, and loose nuts and bolts. Lewistown had lost some of its hardware stores. Read More>>
Ikea gears up for Northwest expansion
Ikea will expand in the Northwest as part of its ongoing transformation to make it easier and more accessible for customers to shop at its stores. The homeware giant announced the Northwest is a key region, and it will open new Plan & Order Points in Aintree, Preston, and Stockport, with an expanded service offering. Read More>>
Nordstrom Rack to open a new location in Overland Park, KS
Nordstrom Rack plans to open a new Nordstrom Rack in the fall of 2023. The new store will be in Overland Crossing in Overland Park, Kansas. The 27,000-square-foot store will be in Overland Crossing, a popular shopping center with other tenants such as Whole Foods Market. Read More>>
Deal
Coca-Cola Consolidated inks CO2 deal with EspriGas
EspriGas announced the partnership, through which it will supply Coca-Cola Consolidated with CO2 at more than 40,000 customer locations across 14 states. The partnership resulted from an extensive pilot program, which ensured Coca-Cola Consolidated customers continued to have their beverage gas needs met. Read More>>
Merger and Acquisition
Sonepar agrees to acquire Rockingham Electrical
Sonepar’s U.S. subsidiary Northeast Electrical will acquire Rockingham Electrical Supply Company. Rockingham Electrical joins Sonepar with ten branch locations and over 100 associates. The acquisition is scheduled to close by the end of October. Read More>>
Partnerships
GameStop’s NFT marketplace launches with ImmutableX
GameStop NFT Marketplace’s ImmutableX Pty Limited unlocks access to web3 games and millions of world-class. The integration between GameStop and ImmutableX will unlock some of the biggest web3 games currently being built on ImmutableX. Read More>>
Freyr to source battery materials from Itochu
Norwegian battery company and Japan-based trading company Itochu will secure the raw materials needed for Freyr’s planned gigawatt-scale battery production. The agreement, which has now been signed, stems from a memorandum of understanding signed back in 2020. Read More>>
JT Group and Altria Group announced a joint venture to commercialize Ploom heated tobacco sticks products in the U.S.
JT Group, through its subsidiary JTI, has entered a joint venture with Altria Group, through its subsidiary PM USA, to market and commercialize heated tobacco stick products in the U.S. with Ploom branded devices and Marlboro branded consumables. Read More>>
Executive Movements
Former CEO Of Samworth Brothers Joins Board at Kepak
Kepak appointed Flor Healy as a Non-Executive Director. Before Samworth Brothers, Healy spent over 30 years working across various divisions of Kerry Foods and previously held the role of CEO for 14 years leading various brands, including Cheesestrings, Richmond, and Mattesons. Read More>>
Cervi named Mondelez chief of the global supply chain
Sandra MacQuillan, chief supply chain officer, has retired from Mondelez. Frank Cervi has been named chief supply chain operations officer, reporting to Mr. Van de Put. Mr. Cervi most recently served as the company’s head of supply chain strategy. Read More>>
Bath & Body Works appoints Gina Boswell as CEO
Bath & Body Works appointed Gina Boswell as CEO and a board member. Boswell previously worked at Unilever, first as executive vice president of personal care in North America, before being appointed head of Unilever U.K. and Ireland. Most recently, she was president of customer development for Unilever USA. Read More>>
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Latest Industry Insights from Draup Braindesk
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Startup Spotlight
Company – Cleardekho
Total Funding – USD 11.31 Mn
About: Cleardekho is the Uttar Pradesh-based online eyewear marketplace. The platform uniquely blends both online & offline shopping experiences to deliver standardized & high-quality affordable optical solutions to consumers. Read More>>
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Latest Reports Published in Draup
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