Spar selects retail media platform CitrusAd to enhance shopping experience for its online customers Preview text
Key Signals in Retail and Consumer Goods
Centre setup and Expansion Nordstrom Rack to open three new California stores The new stores will be in Anaheim Hills, Clovis, and San Clemente. With the addition of these three new locations, Nordstrom will operate 57 Nordstrom Rack stores, 23 Nordstrom stores, five Nordstrom Locals, and one ASOS. Read More>> Sephora to cut the ribbon on Store of the Future at Raffles City, Singapore The 426 square meter space, designed around three touchpoints: space, human and digital, will welcome shoppers on September 23. The new store can facilitate and amplify Sephora as a beauty playground with different areas for testing, browsing, learning, and shopping. Read More>> Darigold breaks ground on a new USD 600 Mn dairy production facility The company hosted a groundbreaking ceremony at the site of its future Pasco production facility. It is expected to process 8 million pounds of milk per day when fully operational, sourced from more than 100 dairy farms in the surrounding communities. Read More>>Deal Nestlé-Froneri selects Resugar Synergy for new low-calorie ice cream bars The addition of Resugar to the 99-calorie series will allow Nestlé-Froneri to launch products with a sugar content of less than 10%. The Nestlé-Froneri announcement comes as many countries throughout South America and Europe – including Chile, Peru, Brazil, and the UK – implement new regulations like warning labels and taxes on products with high sugar content. Read More>>Mergers and Acquisitions Prada buys a 43.65 percent stake in Superior tannery This venture will enable Prada to accelerate its progress on important issues such as traceability of raw materials and transparency of our supply chain. Under the agreement, management responsibility will remain with Stefano Caponi, the current CEO. Read More>> Orkla acquires leading Polish pizza chain The company has entered an agreement to acquire 74% of the shares in Da Grasso, one of Poland’s leading pizza franchise chains, with 193 outlets nationwide. Following the transaction, current owners Karolina Rozwandowicz (95%) and the CEO Magdalena Piróg (5%) will continue as shareholders in partnership with Orkla. Read More>>Partnerships Spar partners with a tech platform to enhance customer experience CitrusAd’s retail media platform, which offers sponsored product and banner advertising to its supplier brands to drive awareness and sales, will now be Spar’s worldwide supplier of e-grocery retail media solutions. Read More>> Ferguson collaborates with Ford on F550 Fuel Cell Prototype The company is collaborating with Ford Motor Company to place a first-of-its-kind F550 Fuel Cell Prototype Chassis Work Truck in Ferguson’s daily fleet operations for six months. As part of this collaboration, Ferguson will also prepare a location in Charlotte, NC, to install temporary infrastructure equipment for the duration of the pilot. Read More>> PepsiCo and ADM team up to slash agriculture carbon emissions The companies announced a new partnership to address the climate impact of farming in their supply chains by supporting projects to expand regenerative agriculture. The sector contributes a significant proportion of the climate impact of the food and beverage sector, which in turn accounts for approximately a third of global GHG emissions. Read More>>Executive Movements New President of Global Ventures appointed by Coca-Cola Evguenia “Jeny” Stoichkova has been appointed president of Global Ventures, a division of The Coca-Cola Company that focuses on expanding brands and acquisitions across the globe, including Monster Beverage Corp. and Costa Coffee. Currently, Stoichkova is in charge of the company’s operations division for Eurasia & the Middle East. Read More>> Wilko appoints Haulfryns Dave Murphy as finance director Murphy joins this month from a CFO role at UK park owner Haulfryn. He previously served for six years at Pizza Express, where he was UK & Ireland FD, and held senior positions in finance at Tesco from 2007 to 2014. He will report to Wilko group CFO Karen Mackay in his new role. Read More>>
Latest Industry Insights from Draup Braindesk
Flipkart focuses on expanding its business through Platform engagements and digital payment solutions to support customers in a better online shopping experience.
Flipkart is keen on investing in digital technologies, which include automated single pick fulfillment technology for delivery operations, Mobile payment technology for instant payments, and automated identification of out-of-stock items.
Flipkart aims to enhance its retail and E-Commerce platform to accelerate the entry-priced product solutions, which efficiently support the Consumer’s household budget pressure and purchasing power in spending.
Bengaluru Area, India, serves as the critical prominent buying location for Flipkart, focusing on IT Consulting Business Intelligence & Analytics-related engagements. Consulting & System Integration is the highly outsourced segment, holding ~ 47% of the total outsourcing headcount. Tech Mahindra is the critical strategic outsourcing partner for Flipkart.
Key Funding Alert
Nestle to make a significant investment in India
The move will help the company to accelerate its core business in the country and leverage new opportunities for growth. The investment would be on CapEx (capital expenditure), setting up new plants, acquisitions, and expansion of the company’s product portfolio. Read More>>
Startup Spotlight
Company – Nexite Total Funding – USD 100 Mn About: Nexite develops a connectivity platform that provides item tracking, inventory transparency, and business intelligence from manufacturing to the customer’s home. Its miniature NanoBT batteryless tag can be read by any smartphone and is small enough to embed into the item. Read More>>
Latest Reports Published in Draup
Unilever plc Account Intelligence Report:
Unilever is keen on building critical digital commerce skills throughout the business to improve customer development teams, enhance digital access in factories, and ensure future-fit capabilities. Read More>>
Block, Inc. Account Intelligence Report:
Square, a Block business, provides Tap to Pay on iPhone to enable contactless payment acceptance for evolving consumer preferences in industry trends. It aims to develop innovative retail management systems to modify and improve regular customers with the help of modified applications. Read More>>
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