Qoo10 acquires WeMakePrice to expand e-commerce biz
Key Signals in Retail and Consumer Goods
Deal Spalding company signs USD 497 Mn deal to supply flowers to Aldi Aldi Sd KG has signed a 4-year sole supplier contract for 200 million bunches of cut flowers with JZ Flowers. JZ Flowers has been supplying flowers to Aldi for over 25 years across multiple sites. The partnership has grown alongside Aldi’s expansion, with JZ Flowers’ products now sold in over 1,150 stores. Read More>>Deals AutoCanada, Kijiji expand strategic relationship AutoCanada aims to increase its dealerships’ exposure to a larger car shopping audience on Kijiji, while Kijiji aims to provide its users with a wider selection of vehicles by accessing AutoCanada’s North American inventory. Read More>> PLS Plantations partners with COFCO to develop food security initiatives PLS Plantations Bhd has partnered with COFCO Food Import Co Ltd to develop food security initiatives under the One Belt, One Road Initiative. The collaboration will involve knowledge and resource sharing, joint investments, and capacity-building activities. The partnership aims to address food security concerns in both China and Malaysia and expand into other plantation activities. Read More>> Sephora partners with Zappos to grow reach and sales in the US beauty market The Zappos partnership allows Sephora to tap into the company’s customer base and e-commerce expertise. The Kohl’s partnership will expand Sephora’s brick-and-mortar presence with 250 new shop-in-shops this year, bringing the total to 850 across 48 states. Read More>>Centre Setup and Expansion Ethos Limited expands presence with store in Indore Ethos Limited has opened a new store in Indore, Madhya Pradesh, at Phoenix Citadel Mall. The store covers 1600 sq ft and will showcase luxury watches from top brands around the world. Ethos Ltd has been expanding its retail presence in key cities and currently has over 50 stores across 20 cities, housing over 60 premium brands. Read More>> New Poundland store opens in Somerset town this weekend The 5,100 sq ft store will employ 21 staff, offering a wide range of everyday essentials such as groceries, drinks, snacks, and health and beauty products. The new store will also feature entertainment, stationery, and craft ranges, providing a one-stop shop for customers to get everything they need. Read More>>Mergers and Acquisitions Qoo10 acquires WeMakePrice to expand e-commerce biz The acquisition includes management rights and a mobile app service for online shopping. The acquisition further expands Qoo10’s presence in Korea’s growing e-commerce market. Read More>> ABC Supply Co. Inc. completes acquisition of multiple US LBM Specialty Distribution Businesses ABC Supply Co. Inc. has acquired specialty distribution businesses from US LBM, including Feldman Lumber, Richardson Gypsum, Rosen Materials, Wallboard Supply Company, and Coastal Roofing Supply. The acquisition adds 42 locations across 12 states to ABC Supply’s portfolio. Read More>>Executive Movements First Chief Commercial Officer appointed by D&H Distributing D&H Distributing has appointed Marty Bauerlein as its first Chief Commercial Officer. Bauerlein will focus on enhancing partner engagement and driving growth in SMB, mid-market, and enterprise segments. His appointment is part of D&H’s Built for Growth initiative, which aims to make long-term investments in the channel and its people. Read More>> McCain appoints new President of Europe McCain Foods has appointed Alain Duranleau as the new Regional President for Continental Europe at a potato processing company. With more than two decades of experience, Duranleau has already held several managerial positions within the organization since joining in 2013. Before joining McCain, he worked in the food and consumer goods industry. Read More>> Coty names new chief commercial officer, prestige Coty has appointed Caroline Andreotti as the Chief Commercial Officer for Coty’s prestige division. With over 20 years of experience in the beauty industry and 15 years at Coty, Andreotti will focus on the company’s global commercial prestige strategy. She has previously led the global skincare expansion for Orveda, Lancaster, and Philosophy. Read More>>Financial and Market Activity Constellation Brands (STZ) tops Q4, FY profit estimates Constellation Brands announced the Q4 EPS beats estimates at USD 1.98, while revenue comes in slightly below expectations at USD 2 Bn. Sales declined 5% YoY as Wine and Spirits shipments dropped 22.1%. Full-year EPS guidance for STZ is set between USD 11.70 and USD 12.00, exceeding consensus estimates of USD 11.73. Read More>>
Latest Industry Insights from Draup Braindesk
Supply Chain Monitoring
IoT supply chain monitoring is becoming increasingly popular and beneficial in retail. IoT in the retail industry is closely connected to GPS and RFID technologies.
These help brands track products through the entire supply chain process. Everything from production to storage to product distribution to end-users can be tracked and monitored.
Automate Shopping Experience
Automated checkouts, shoppers can go in, buy, and walk out with the amount of their purchase paid automatically with their smartphones
Furthermore, predictive technologies will be able to forecast when customers are ready to go shopping. The shop will collect things for them to pick up
Predictive Maintenance
IoT applications in retail management enable businesses to keep a close eye on their infrastructure in real-time, ensuring that predictive maintenance is current and enabling more accurate follow-ups to breakdowns.
Repairs can be made before downtime by choosing the best time to perform the necessary maintenance
Key Funding Alert
Kaufland Bulgaria to invest USD 11 Mn in hypermarkets in 2023
The company plans to modernize 13 hypermarkets in 2023. This investment is part of the company’s One Stop Shopping concept to turn its chain stores into comprehensive shopping centers. Kaufland Bulgaria has 63 hypermarkets and invested USD 22.2 million in its plan over the past two years. Over 500 pharmacies, pet shops, shoe stores, and restaurants are in the hypermarkets. Kaufland Bulgaria hopes this investment will improve customer shopping experiences. Read More>>
Startup Spotlight
Company – LE DRIVE TOUT NU Total Funding – USD 5.91 Mn About: LE DRIVE TOUT NU is a startup of Consumers Services Buyer Aid. It is the first network of 0 waste and responsible supermarkets aimed at providing everyday shopping items packaged in returnable and recyclable containers. The company’s platform provides a diverse range of food, cosmetic, and household products packaged in glass jars and canvas bags that are returned to the circuit after each order, reducing packaging waste and allowing customers to improve their shopping experience while preventing environmental pollution. Read More>>
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