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Marks & Spencer deploys AI-powered visual compliance solution across 500 stores

Key Signals in Retail and Consumer Goods

Deals
GPA awards new FM delivery contracts
GPA awards facilities management contracts for UK government workplaces, emphasizing efficiency and customer experience. Four suppliers secure five-year deals, extendable by two years. The program enhances workplace services, productivity, sustainability, and value. Read More>>
Norwegian grocery retailer orders 80 MNOK of Pricer Electronic Shelf Labels from StrongPoint
StrongPoint has secured an 80 MNOK contract to upgrade a major Norwegian grocery retailer’s Electronic Shelf Labels to the ‘SmartTag Power+’ version. The project rollout will start in H1 2024, with completion expected in 2024. Read More>>


Partnerships
The Toro Co. partners with Lowe’s
Lowe’s partners with The Toro Co. to offer Toro’s outdoor power equipment, including mowers and snow blowers, in gas and battery categories. The partnership aims to provide Lowe’s customers with a wide selection of trusted outdoor products for various seasons. Read More>>
Shoprite and Glovo team up to enhance shoppers’ experience
Shoprite and Glovo’s partnership aims to provide a seamless online grocery shopping experience, enhancing customer convenience. The collaboration aims to make grocery shopping faster, smoother, and more accessible to customers in the digital age. Read More>>


Centre Setup and Expansion 
Amazon expands its e-cargo fleet with new Glasgow micro-mobility hub
Amazon is expanding its micromobility delivery fleet in Scotland with a new e-cargo bike hub in Glasgow. The hub will support the delivery of “hundreds of thousands” of Amazon packages across the city in the next year. Read More>>
Danone set to build a new factory in Poland
The Danone Group is set to invest USD 52.7 million in building a new factory in Opole, Poland, which will produce specialized nutrition products, including hospital food. The construction would begin shortly and be completed in about a year. Read More>>


Mergers and Acquisitions
Watsco expands US locations
Watsco has acquired Gateway Supply Company, a distributor of plumbing and HVAC products with locations in North and South Carolina. It has annual sales of approximately USD 180 million and serves around 4,000 customers from 15 locations in South Carolina and one location in North Carolina. Read More>>
Vivid Seats completes acquisition of Wavedash
Vivid Seats has completed the all-cash acquisition of WD Holdings Co., Ltd., an online secondary ticket marketplace in Japan. This move expands Vivid Seats’ presence in international markets and leverages Wavedash’s market-leading position. Read More>>


Executive Movements
UNFI names former Mars exec CIO
Maffie brings 24 years of technology-focused experience to UNFI. He served as corporate CIO at Mars, where he led global AI-based financial and played a key role in integrating Mars and Wrigley following their merger in 2008. Read More>>
DSG adds Chief Digital Officer
Dakota Supply Group has welcomed Stephan Fulop as its Chief Digital Officer. Fulop, formerly of Optum and Target Corporation, will lead DSG’s digital transformation, enhancing the customer experience and utilizing data for industry leadership. Read More>>
Maurices names Jeff Kirwan as the new President and CEO
He previously served as the interim CEO and executive chairman of OpCapita, Maurices’ parent company, with over 30 years of retail experience. Read More>>


New Product Development and Product Launch
Jumbo Electronics introduces Jbl Tour Pro2
BL introduces the Tour Pro 2 true wireless earbuds in Qatar through Video Home and Electronic Service, the authorized distributor. These earbuds offer True Adaptive Noise Cancelling, a unique smart charging case, and 40 hours of playback. Read More>>
Marks & Spencer deploys AI-powered visual compliance solution across 500 stores
Marks & Spencer deploys SymphonyAI Retail CPG Store Intelligence, using AI on handheld devices, to ensure store shelves align with planograms in over 500 stores. They aim to enhance customer experiences and store efficiency. Read More>>

Latest Industry Insights from Draup Braindesk

Qurate Retail, Inc. Account Intelligence Report


Key Funding Alert

Inside J.C. Penney’s USD 1 billion plan to boost business
J.C. Penney plans to invest USD 1 billion to revive its department store chain post-bankruptcy. The focus is on providing value and quality shopping experiences to a diverse customer base, including hardworking American families. The strategy combines online and in-store shopping, leveraging physical stores for hands-on experiences and fulfillment. Read More>>

Startup Spotlight

Company –  RAS Luxury Oils 
Total Funding – USD 3.5 Mn
About: RAS Luxury Oils is a company specializing in the production of high-quality, natural beauty and skincare products. They are known for their dedication to using natural ingredients and innovative formulations to create effective skincare solutions. RAS Luxury Oils’ products cater to individuals seeking premium, chemical-free options for their beauty and skincare needs. Read More>>

Latest Reports Published in Draup

E-commerce Platforms Market Analysis
Service providers in the E-Commerce platforms are embracing Al/ML, Mobile Commerce, Live Shopping, Hybrid Commerce, API First Commerce, Social Commerce, AR/VR, and B2B E-Commerce to enhance online business. Read More>>

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