Shopify adds ERP tools in partnership with Microsoft & Oracle

Key Signals in Retail and Consumer Goods

Mergers and Acquisitions
Nykaa acquires skincare brand DoT & Key
Founded by Kolkata-based Suyash Saraf and Anisha Saraf, Dot & Key is a new-age brand focused on providing skincare solutions. The brand has recently expanded into nutraceuticals under the brand IKWI, whose products are dermatologically tested and cruelty-free. Read More>>
Reliance Retail buys 52% in Ritu Kumar   
Ritu Kumar is India’s oldest fashion house. The buy comes days after picking up a significant stake in Manish Malhotra, a desi couture label that has become the staple of Bollywood celebrities. The stake in Ritika will give Reliance control over the labels Ritu Kumar, RI Ritu Kumar, aarke and Ritu Kumar Home & Living. Read More>>
Grocery Outlet to test Instacart program   
The California-based value retailer with private label products is partnering with Instacart to launch a new pilot program that will make its selection more accessible. The 68-store pilot program offers same-day delivery via Instacart of Grocery Outlets products. Grocery Outlet will offer daily essentials and staples for same-day delivery via Instacart, combining speedy delivery and affordability, while also maintaining the unique in-store treasure hunt experience. Read More>>
Sephora implements AI-based solution from RELEX to improve availability across its distribution network
The partnership will improve their demand forecasting and automated replenishment. A world leader in luxury goods, Sephora operates more than 2,500 stores in 35 countries as well as 36 e-commerce websites. RELEXs flexible, AI-driven forecasting and replenishment solution will improve Sephora’s inventory turnover and reduce the risk of obsolescence while increasing product availability for their end customers.  Read More>>
Shopify enlists Microsoft, Oracle for business tools on the app   
Business owners on the platform can now access Enterprise Resource Planning (ERP) tools, including Microsoft Dynamics 365 Business Central, Oracle NetSuite, and Infor on the Shopify app. The partnerships will help Shopify double down on its fast-growing merchant businesses and let Microsoft and Oracle strengthen their hold on a cloud market dominated by Inc’s AWS platform. Read More>>
Executive Movement 
Tailored Brands hires Neiman Marcus vet for CFO spot   
Tailored Brands hired Brandy Richardson as its new chief financial officer, effective November 8. At Tailored, she will oversee the finance organization, sit on the executive committee, and have responsibility for enterprise analytics, strategy, real estate, risk management, and loss prevention. Read More>>
Pine Labs appoints former Flipkart executive Phanimohan Kalagara as CTO ahead of IPO 
Merchant platform company Pine Labs said on October 20 that it has roped in Phanimohan Kalagara as its new Chief Technology Officer (CTO). Prior to joining Pine Labs, Kalagara worked with Walmart-owned e-commerce player Flipkart where he was the SVP of Product and Engineering. Read More>>
Regis Corporation names John Davi as Chief Technology Officer
Most recently, Mr. Davi was Chief Product Officer for the property and casualty insurance platform BriteCore. Mr. Davi brings more than twenty years of technology experience to Regis, including six years as the founding Vice President of Product for the artificial intelligence company Diffbot and five years as Head of Engineering for Cisco Systems Media Solutions Group. Read More>>
Center setup and expansion
Walmart selects Spartanburg County for new high-tech grocery distribution center
The new 720,000+ square-foot facility will create more than 400 supply chain jobs in Spartanburg County, South Carolina. The high-tech facility marks Walmarts largest grocery distribution center to date and will move 2X more products than a traditional grocery DC in addition to presenting new technology-focused job opportunities in the region. The high-tech distribution center is part of a larger investment the retailer announced earlier this year to double down on the use of automation technology in its supply chain. Read More>>

Latest Industry Insights from Draup Braindesk

The retail key players are focusing on digitalization of shopping and rapid delivering experiences through partnerships and co-branding activities 

  • Ikea acquired Geomagical, an AI-imaging startup to deploy it on IKEA’s websites and apps to let customers create accurate visualization of their rooms with IKEA products 
  • Starbucks’ new tool, powered by Microsoft using blockchain technology, will allow Starbucks to share with its customers the traceability data the world’s largest coffee- shop chain has been collecting for more than a decade 
  • Kroger partnered with KNAPP to automate Great Lakes Distribution Center and to improve efficiency in replenishing its stores, enabling it to quickly deliver fresh food to customers 

IoT and connectivity solutions have revolutionized the store and e-commerce operations in retail & consumer goods industry 

  • Walmart has acquired virtual clothing try-on startup Zeekit, which leverages a combination of real-time image processing, computer vision, deep learning, and other AI technology. 
  • Amazon acquires retail tech startup Perpule, a customizable enterprise e-commerce platform that allows small retailers to go online. The acquisition will enable Amazon to offer a new suite of technology products to its Kirana partners. 
  • Sainsbury partnered with Blue Yonder to deploy an autonomous self-learning supply chain platform with ML capabilities and cover a range of services such as demand forecasting, digital control tower, and warehouse management

Key Funding Alert

Greece’s Pop Market, another dark store grocery delivery startup, gets USD 3.5 Mn 
The seed funding will be used to spin up Pop Market’s domestic sprint, with a plan for rapid expansion across Greece — building out its nascent network of dark stores (it has four currently), scaling the supply chain, and growing the team. Read More>>

Startup Spotlight

Company –  ByondXR 
Total Funding – USD 7.5 Mn
About: ByondXR’s platform allows shoppers to try products in their home environments using augmented reality (AR) and gives them the ability to instantly mix and match interior design combinations by testing out options in a customizable virtual environment. Read More>>

Latest Reports Published in Draup

Luxottica Group S.p.A: Account Intelligence Report – Oct 2021:Luxottica is focused on improving the customer experience through unique Iconic wearable gadgets and products and utilizes its first license for Virtual Mirror that enables an online shopping experience for customers. Read More>>
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