QNB to work with retailer Printemps to provide consumers with specialized services
Key Signals in Retail and Consumer Goods
Deals Aldi secures deal with Highland Spring to stock new flavored sparkling water cans This deal marks the first time since 2021 that Aldi will carry Highland Spring-branded products. Initially, the agreement brought over 75,000 product units to Aldi shelves. Read More>> AC Goatham secures a new deal with Aldi AC Goatham & Son and Aldi have entered into a GB£ 30 Million contract to supply apples and pears. AC Goatham & Son will collaborate with Aldi on sustainability initiatives, aiming for Net Zero and Leaf accreditation by 2023 as a result of this agreement. Read More>> Frasers Group inks JV deal for Sports Direct expansion to Indonesia Frasers Group Asia and PT have agreed to launch upscale, wholesale-retail stores in Indonesia. The agreement signifies the regional expansion of two industry leaders, with Frasers USC premium fashion being sold in major Indonesian shopping malls. Read More>>Partnerships QNB signs exclusive agreement with French luxury retailer Printemps QNB and Printemps have partnered to offer QNB First members exclusive benefits, including access to luxury fashion, beauty, and lifestyle products. The partnership aims to deliver a premium, personalized customer experience while increasing brand visibility. Read More>> Urban Outfitters partners with Isko Denim BDG, the in-house denim label of Urban Outfitters, collaborates with denim mill Isko to create a sustainable 10-piece collection of unisex workwear-inspired denim. The collection, which utilizes recycled cotton yarns and features designs by British artist Dwayne Coleman, debuted on July 10 online and in select UK and European stores. Read More>> Robit plc and Sotreq S.A. launch cooperation in Brazil Robit plc and Sotreq S.A. join forces in Brazil to increase their market coverage and distribution network. Robit specializes in premium drilling consumables and aspires to be the world’s leading provider of high-quality products and expert services for efficient drilling. Read More>>Centre Setup and Expansion Walmart to invest US$ 257 Million in beef-packing plant in Kansas Walmart will invest US$ 257 Million to establish a beef processing plant in Olathe, Kansas. The plant is anticipated to be operational by 2025 and generate over 600 employment opportunities. The facility will concentrate on packaging and distributing premium Angus beef from Sustainable Beef, LLC. Read More>> Date announced for the opening of new Mayo 7m. Aldi store The new Aldi location in Ballyhaunis, County Mayo, will open on June 22. The US$ 7 Million investment includes sustainable features such as 100% green electricity and solar panels, furthering Aldi’s environmental commitment. Read More>>Mergers and Acquisitions Home Depot acquires appliance delivery firm Temco During its investor day, Home Depot announced the acquisition of Temco Logistics, a prominent appliance delivery and installation company. The change aims to streamline operations and enhance the appliance delivery experience at Home Depot. Read More>> Core & Main acquired Dangelo Co J.W. DAngelo Co., Inc., a leading provider of fire protection and waterworks products in Southern California, has agreed to be acquired by Core & Main Inc. The acquisition strengthens Core & Main’s position in the nationwide advancement of dependable infrastructure and local service. Read More>> Camping World plans to acquire Funtime RV in Oregon Camping World Holdings Inc. will acquire Funtime RV in Oregon, thereby gaining three additional locations in the state. The acquisition is expected to close in the third quarter of 2023, further bolstering Camping World’s position as the world’s largest retailer of recreational goods. Read More>>Executive Movements Stitch Fix names new chief executive Stitch Fix appointed Matt Baer, former chief customer, and digital officer of Macy’s, as its new CEO. Baer’s experience includes driving online growth at Macy’s and transforming Walmart.com’s digital business. He will work closely with Stitch Fix founder Katrina Lake during the transition while she continues as executive chairperson. Read More>> Varsity Brands hires New EVP, Chief Supply Chain Officer Varsity Brands has appointed Joe Raines, Executive Vice President and Chief Supply Chain Officer. Raines will play a crucial role in optimizing operations and expanding the company’s platform across its three businesses, given his nearly two decades of experience in supply chain leadership. Read More>>Financial and Market Activity Kroger grew digital sales by 15% in the fiscal first quarter In its first fiscal quarter ending on May 20, 2023, Kroger Co. reported a 15% increase in digital sales. Total sales increased by 1.3% to $45.2 billion; comparable sales (excluding fuel) increased by 3.5%. Digital Commerce 360’s Top 1000 North American online retailers rank Kroger Co. eighth. Read More>>
Latest Industry Insights from Draup Braindesk
T.J. MAXX
T.J. Maxx differentiates itself from Marshalls with an expanded assortment of fine jewelry and accessories, and in some stores, The Runway at Maxx has a high-end designer department. T.J. Maxx where you can afford to be you to the Maxx.
HomeGoods
HomeGoods offers an ever-changing merchandise mix, including furniture, rugs, lighting, soft home, decorative accessories, tabletop, cookware, and more.
The HomeGoods shopping experience complements its sister retail banner, Homesense, with expanded departments like a pet, kids, and gourmet food.
Sierra
Get active and outside with incredible savings on apparel, footwear, and gear (including sporting goods, snow and water sport, camping, and fishing) for the whole family and home fashions and pets from Sierra.
Homesense
Homesense offers a shopping experience that complements its sister retail banner, HomeGoods, with expanded departments such as large furniture, ceiling lighting, and rugs, as well as a general store and an entertaining marketplace.
Winners
Winners include family apparel and footwear, accessories, home décor, beauty products, and other amazing merchandise. Select stores also offer jewelry, and some feature The Runway at Winners, a high-end designer department.
PepsiCo UK invests big in 75-year-old Walker’s crisp and snack brand facility
The investment by PepsiCo UK will be used for a new production line, enhanced sustainability equipment, and enhanced employee facilities. The investment is consistent with the organization’s pep+ sustainability initiative, which focuses on four areas to achieve net-zero emissions by 2040. Read More>>
Startup Spotlight
Company – Le Fourgon Total Funding – USD 8.14 Mn About: Le Fourgon provides contained drinks for home delivery. They offer milk, water, beer, wine, fruit juice, and sodas. They allow customers to have their drinks delivered free of charge with an ecologically sustainable delivery system. Read More>>
Latest Reports Published in Draup
Mondelez International, Inc Account Intelligence Report
Modelez invests more than US$ 1 Bn to become the leader in digital commerce snacks, targeting 20% of revenues from digital channels by 2030. It invests in digital growth capabilities and expands digital learning opportunities to achieve its goals. Read More>>
Walgreens Boots Alliance, Inc. Account Intelligence Report
Walgreens focuses on transforming into a consumer-centric healthcare company by integrating physicians and pharmacists, enhancing patient care, and providing convenient access to primary care and pharmacy services. Read More>>
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