This week in Retail & Consumer goods: Companies signal executive shifts amidst pivot to e-commerce

Latest Reports Published in Draup

True Value Company Account Intelligence Report:True Value Company is keen to make investments across supply chain enhancements to serve many retail outlets in the Northeast US, expanding its retail business in the region. Read More>>
Walmart Labs Account Intelligence Report: Walmart Labs aims to expand its delivery operations and strengthen its market position through its recent digital offerings that includes Automated delivery through drones and vehicles. Read More>>

Key Funding Alert

HousingAnywhere Raises USD 29 Mn in Series C Funding
HousingAnywhere is a Rotterdam-based rental accommodation marketplace for young professionals and international students. Backers included Ergeny Investments, and current investors VNV Global and Real Web, which led the round. Early-stage investor henQ Capital sold their stake. 
Read More>>

Startup Spotlight

Company – Uppercase
HQ Location – Greater New York, US
Total Funding – USD 3.5 Mn
Type – Retail
About: The modern retail solution helping brands launch stores from the ground up. Uppercase provides turnkey retail solutions that integrate real-estate, build-outs, analytics, staffing, and everything in between to support businesses in making their retail journey a successful one. Read More>>

Key Insights and Signals in Draup

Mergers and Acquisitions
Nike continues to build on digital momentum with data platform acquisition  
The sportswear giant announces that it has snapped up the New York-based startup Data Logue that uses proprietary machine-learning technology to automate data preparation and integration. With the new technology, Nike said it will be able to integrate data from all sources — including its app ecosystem, supply chain and enterprise data — in a quick and easily accessible platform. Read More>>
Walmart acquires self-serve ad tech   
Walmart Inc. has acquired the assets of Thunder Industries Inc., a San Francisco-based company that develops automated ad technology digital technology to enhance a new “self-serve” advertising tool that lets suppliers test and tweak their online ads. Read More>>

GNC adds same-day delivery with Shipt, enhances e-commerce experience 
GNC has partnered with Target subsidiary Shipt to offer same-day delivery of its health and wellness products across the US and has teamed up with e-Spirit to enhance its e-commerce customer experience. Read More>>
Asus ROG partners with IKEA to launch gaming-themed furniture & accessories 
The joint effort has now begun yielding results, as IKEA last month introduced a variety of gaming furniture to the Chinese market, with hopes of extending these products to the global market this year. Read More>>
VSBLTY partners with Ability Enterprise on smart camera solution   
It will focus on developing a new high-resolution camera loaded with computer vision and machine learning technology. Read More>>
Executive Movement
GameStop hires an AWS Engineering Leader in its pivot to online 
The company brought on Matt Francis, a previous engineering leader over at Amazon Web Services; he also held senior technology roles at companies such as QVC and Zulily. Read More>>
Ember names former Dyson head as consumer CEO, as the startup looks beyond the smart mug
Ember today announced that founder Clay Alexander will transition to Group CEO effective February 16. In his place, the Los Angeles-based smart mug company is bringing on Jim Rowan as Consumer CEO. The executive served as CEO of Dyson from 2017 to 2020, after five years as COO. Read More>>
Two Digitally Minded Execs join Signet’s board    
Showing the growing importance of digital transformation to Signet Jewelers, America’s largest jewelry retailer has appointed two new directors with extensive digital experience to the company’s board of directors. André Branch and Dontá Wilson’s appointments will increase Signet’s board from 10 members to 12, 11 of whom are independent. Read More>>
UCLA’s deal with Jordan Brand, Nike is worth an average of about USD 7.7 Mn a year 
The contract that the sides agreed to in December will provide UCLA with among the most gear of any athletic department in the country that wears what’s widely considered the hippest brands in apparel. Read More>>
Best Buy reportedly cutting jobs, hours as pandemic hits stores 
While Best Buy has seen its sales soar during COVID-19, the wider impact of the pandemic on bricks-and-mortar retail has reportedly seen it makes some cuts in its store network. Read More>>
Wilko confirms plans to cut jobs 
Nottinghamshire-headquartered Wilko has confirmed its plans to cut jobs at 30 of its stores across the country. The Workshop-headquartered family business has said it is making the move to make sure the right team members in the right places at the right times. Read More>>
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