Centre Setup and Expansion Dollar General looking to build USD 140 Mn distribution center in North Little Rock The company has set its sights on land in North Little Rock to be the site of a new distribution facility. The plan would see the company invest up to USD 140 Mn in building the facility, while the city would grant a tax abatement to the retail giant. Read More>> Target Corp. planning expansion of West St. Cloud Store The company wants to build a 12,800 square foot addition on the north side of the existing building. The extra space will increase the storage and warehouse area, as well as allow Target to add liquor sales, put in a new Starbucks restaurant, and add a door dedicated to drive-up for online order pickup service.Read More>>Partnerships Albertsons Companies tests out Picadeli AI-powered, in-store salad bar concept Albertsons is piloting artificial intelligence-powered salad bars in six US East Coast supermarkets via a partnership with Picadeli. Picadeli has created an innovative, technology-forward solution to address the strong demand for healthy, affordable foods that can be customized quickly. Read More>> Cantaloupe teams with HIVERY on AI-based category management Cantaloupe, a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, announced its partnership with HIVERY, a data-science company that specializes in AI technology to streamline category management for retailers in the consumer packaged goods (CPG) industry. Read More>> Comarch S A partners up with Motisha to introduce a new, highly engaging loyalty member touchpoint Comarch Loyalty Marketing Cloud is an AI-powered comprehensive platform that allows to build and manage immersive consumer loyalty programs & marketing campaigns, which can be easily integrated with various third-party systems. Read More>>Mergers and Acquisitions Crocs makes its largest acquisition with USD 2.5 Bn Heydude buy Crocs has set an aggressive sales target for the overall organization, aiming for USD 5 Bn in revenue by 2026. Read More>>Executive Movement REI Co-op expands its technology leadership team Analyn Nouri will head REI’s journey toward cloud-based platforms that support existing and future offerings, ensure the co-op has scalable infrastructure and data protection, and drive excellence in engineering tools and practices. Todd Wilson will oversee the development of REI’s increasing scope of innovative, brand differentiating platforms. Read More>> Esprit names chief product officer, says exciting developments in pipeline Esprit has appointed a new chief product officer and has revealed a number of exciting developments in the pipeline to revitalize the brand. Sang Langill, who joined the business in September, has been named the new chief product officer. Read More>>
Latest Industry Insights from Draup Braindesk
Braindesk Insights for Retail :
Retail players are concentrating on the implementation of emerging technologies to simplify the store operations and enhance the shopping experience.
New Balance’s new TripleCell 3D printing platform that is based on Formlabs technology is bringing new partially 3D printed shoes to market.
A.S. Watson Group launched Scan & Go service where the customers can save time by simply scanning a QR code with the mobile phones to purchase the products directly through the Watsons mobile application without waiting at the cashier.
Douglas has installed a new interactive mirror in its beauty stores. It allows customers to virtually try on different makeup looks, products, and shades to purchase in-store.
Retail players have shifted their focus on providing real-time alerts to help drivers to make them safe and have increased usage of autonomous robots to automate the task within the warehouse
A.S. Watson Group partnered with IAM Robotics to launch Swift robots that combine product piece picking with full warehouse mobility, thereby automating task within the warehouse without human assistance.
Nordstorm Inc partnered with Tompkins Robotics to develop a parcel-sorting solution called t-Sort Plus. It uses autonomous robots that travel the shortest route possible to grab boxes and deliver them to the appropriate destination.
Walmart launched blockchain-based Food Supply Tracking that tracks and provides information such as where the greens were grown when they were harvested, and the supply chain flow before reaching Walmart’s facilities, stores, and clubs.
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Key Funding Alert
Reliance Retail To Invest INR 300 Cr in Robotics Company Addverb Technologies
Addverb plans to expand its robot manufacturing unit in India to boost its output by around 10 times in the next financial year. According to the startup’s website, it caters to its clientele in over five countries. Its patrons include Amazon, Flipkart, ITC and Coca-Cola among others. Read More>>
Startup Spotlight
Company – Brandefy Total Funding – USD 2.35 Mn About: Brandefy is a Developer of a personal care product reviewing platform designed to offer reviews and information about those products. The company’s platform shows shoppers how store brand and name brand products stack up against each other utilizing honest, straightforward consumer feedback and it also offers its own reviews encompassing ingredient analyses. Read More>>
Latest Reports Published in Draup
Steelcase Account Intelligence Report – December 2021 : Steelcase is keen on partnering with other leading brands to enrich its portfolio and increase the range of options to support the customer experience. Key Focus Areas are Air Quality Monitoring and Viral Detection Technology, and Portfolio Enhancement. Read More>>
Newell Brands Account Intelligence Report – December – 2021 : Newell Brands focuses on product development to create new products or improve existing ones, which helps the company effectively improve customer relationships. Major Key Recommended Area is: Digital Product Enhancement. Read More>>
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