Tencent, Gome reach strategic cooperation to improve marketing, big data, and cloud services
Key Signals in Retail and Consumer Goods
Centre Setup and Expansion Ikea to launch small-format Planning Studio concept in Australia Unlike its traditional warehouse-like stores, the Planning Studio is sized between 300-500sqm and designed for customers to plan and order complex home furnishings and services such as dining, kitchens, and bed spaces. Read More>> Camping World opens sixth New York location in Churchville The company has opened Camping World of Rochester, its sixth location in New York. This newly launched Supercentre in Churchville expands RV sales and service to the greater Rochester market. Read More>> Lululemon opens a new location on the Upper West Side The upcoming location at 216 Columbus Ave, which is expected to open this Spring, will be Lululemon’s third storefront on the Upper West Side; the other two locations can be found at West 75th and Broadway and within the Shops at Columbus Circle. Read More>>Deals Hugo Boss and Kanine enter global dog apparel and accessories license agreement The exclusive license covers the design, production, and worldwide distribution of products for dogs, including apparel, accessories, home products, and toys under the BOSS brand. Read More>>Partnerships Retail giant Gome reaches strategic cooperation with Tencent China’s premier home appliance retailer and Tencent have signed a strategic cooperation agreement in Bejing. The collaboration will see both companies working together on advertising and marketing, big data, cloud services, smart stores, etc. Read More>>Mergers and Acquisitions Asda buy-out likely as McColl’s stores go into administration Struggling convenience store business McColl’s, which has three shops in Pembrokeshire, looks to be saved by a supermarket giant buy-out. The chain has been placed into administration, but in a final deal, Asda is reportedly to buy McColl’s out in a deal that could be sealed. Read More>> DSW’s parent company Designer Brands acquires Shoes.com domain The high-traffic Shoes.com domain furthers Designer Brands’ long-range strategy to expand its footprint digitally and strategically position and distribute Designer Brands’ owned brands and shoes from top national brand partners. Read More>> Steelcase buys wood furniture manufacturer for USD 127 Mn The company has acquired Halcon, a Minnesota-based designer and manufacturer of tailored wood furniture for the workplace. This acquisition will complement Steelcase’s current portfolio of wood products. Read More>>Executive Movement Graybar names Steven Breeden as District Vice President in Seattle As District Vice President, he will lead Graybar’s business operations in a territory, including Washington, Oregon, Idaho, Montana, Alaska , and Hawaii. Read More>> Regis Corporation taps Matthew Doctor as the new President and CEO Matt has been serving as the Company’s Interim Chief Executive Officer since December 2021 and previously was Executive Vice President and Chief Strategy Officer. Read More>>
Latest Industry Insights from Draup Braindesk
REI designs, develops and retails outdoor gear and apparel for camping, cycling, urban lifestyle, travel, and general outdoor recreation.
REI brings top-quality gear and apparel, expert advice, rental equipment, and inspiring stories of life outside and outdoor experiences to enjoy alone or share with friends and family.
Key Funding Alert
Investment group that includes eBay and ex-Disney chair investing USD 263 Mn into Funko
As part of this investment, Funko and eBay are entering into a commercial agreement under which eBay will become the preferred secondary marketplace for Funko and the companies will also partner on creating exclusive product releases. Read More>>
Startup Spotlight
Company – Wingreens Farms Total Funding – USD 47.05 Mn About: Wingreens Farms sells a range of food products and is retailed in the market and online. It offers fresh dips and pita chips and has pioneered this product category in the country. The products are handmade by underprivileged women and are retailed through a unique sampling sales model that is a first in the market. Read More>>
Latest Reports Published in Draup
POST HOLDINGS, INC. Account Intelligence Report: Post Holdings operates in the center-of-the-store, food service, food ingredient, refrigerated, active nutrition and private label categories. Its Post Consumer Brands business manufactures, markets, and sells branded and private label cereal products. Read More>>
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