This week in Retail & Consumer Goods: Walmart augments delivery arm with HomeValet partnership

Mergers and Acquisitions
Weber acquires smart cooking startup June 
June already provides the technology and expertise behind its Weber Connect smart grilling platform. Weber has confirmed that June will continue to operate as its own brand wholly owned by Weber-Stephen Products and will continue selling and developing the June Oven and related products. Read More>>
Staples approach Office Depot again with USD 2.1 Bn offer 
Staples’ parent company, USR Parent, has made a $40-per-share acquisition proposal to Office Depot’s Parent Company, ODP Corp. Valued at USD 2.1 Bn overall, the offer is approximately 61 percent above ODP’s average share closing price over the previous 90 trading days, according to USR Parent. Read More>>
Home Depot Acquires HD Supply 
The acquisition of HD Supply is expected to position The Home Depot as a premier provider in a highly fragmented MRO marketplace. Read More>>
Black Box has joined the Avnet IoTConnect Partner Program  
Through the partnership, retail digital transformation service provider Black Box will offer systems integration services for end-to-end deployments of IoT solutions, together with regional integration capabilities. Read More>>
Walmart partners with smart box maker HomeValet for grocery delivery pilot 
 The HomeValet boxes are an IoT platform that offers three temperature-controlled zones, making them capable of storing frozen, refrigerated, and pantry items.Read More>>
Deals and Deal Renewal
CTS wins five year Travis Perkins contract 
Manchester-based CTS will work with the group to improve their use of Google Workspace and explore a longer-term cloud technology strategy and roadmap. Read More>>
Campbell Soup Company closes manufacturing facility in Columbus 
Campbell Soup said it will phase out the production of candy under the Lance brand and shift production of its higher demand Lance, Emerald, and Late July snacks across the division’s manufacturing network. Read More>>
Executive Movement
Marc Lore, CEO of Walmart’s e-commerce division set to retire 
Lore joined Walmart in September 2016, after the company acquired e-commerce site, of which Lore was founder and CEO. Walmart said Lore will serve as a strategic advisor to Walmart through September 2021. Read More>>
Landmark Group announces Kabir Lumba as the interim CEO of Lifestyle and Home Centre 
Kabir Lumba has led the Lifestyle and Home Centre business in India for 14 years, before joining in as the Max Middle East CEO in 2018 and later as the CEO of the Landmark Group. Read More>>
Sheila Harrington is set to become CEO for both Urban Outfitters Group and Free People Group. 
Gabrielle Conforti, currently the Chief Merchandising Officer for the brand, has been promoted to President, while Emma Wisden will continue as managing director. Read More>>
Best Buy appoints Mario J. Marte to the Board of Directors.  
Marte is the Chief Financial Officer of Chewy, Inc., the leading e-commerce pet retailer. Read More>>
Pick n Pay names new CEO as Richard Brasher retires  
He will be succeeded by Pieter Boone, former chief operating officer of Metro AG. The changes take effect from 21 April 2021. Read More>>
Draup`s Insights
Ecommerce Market Analysis
Lockdowns, travel bans, and retail closures due to the pandemic has motivated nearly 150 million people to shop online for the first time. While China is expected to surpass the United States as the world’s largest retail market this year, other economies are not far behind in contributing to the whopping e-retail revenue projection of USD 4.88 trillion in 2021.
Improving shopping experiences by leveraging omnichannel avenues and removing bottlenecks in payment processes by utilizing big data & advanced analytics continue to be the major theme for 2021 as well. Select themes highlighted below.
  • Flexible Payment Options – Offering a range of payment options such as cash, card, cryptocurrencies, mobile payments for the customers with the aim to attract and retain customers is a must-have in retail 2021.
  • E-retailers work with Affirm, an Online pay-in-installments startup to provide installment option along with the traditional payment methods for their customers. Read more>>
  • Hyper personalization, i.e., showing individualized offers, product recommendations, and other relevant content to the consumers based on their previous actions, demographic and other personal data has spread across the retail value chain.
  • Stitch Fix offers a truly personalized online clothes shopping experience for its users without using heavy algorithms. Read more>>
  • Online-Merge-Offline is where retailers use technology extensively and tap into benefits of both offline and e-commerce platform to reduce cost and delivery time.
  • Alibaba’s Hema, a cashless fine-dining supermarket chain, combined their e-commerce, restaurant, supermarket and distribution center so that customers can stroll around the store, smartphone in hand, select products of choice and have them delivered to their doorstep. Read more>>
  • Omnichannel retail with focus on providing seamless customer experience whether the client is shopping online from a mobile device, a laptop or in a brick-and-mortar store continues to be the dominating theme in retail.
  • Every time a Starbucks user pays with a Starbucks card, via a physical card or mobile, that user accumulates reward points. The linked app also allows the coffee drinker to find stores near them, send gifts, order drinks ahead of time for a quicker experience. Read more>>
  • Spotify, too, has jumped on the omnichannel bandwagon with their Starbucks integration. Consumers can view what songs are playing in that specific store and add them to their playlists. Read more>>
AI, Advanced analytics & payment technologies will be the most profound technology for next gen retail. They will fundamentally alter every aspect of E-retail. Service Providers can target Voice Recognition, Artificial intelligence, Blockchain, and AR-VR related engagements.
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports
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 U.S., expanding its retail business in the region. HCL is the topmost outsourcing partner for the Company, involved majorly in IT Consulting & Software Testing related engagements.
Read more
Online Retail Market in Japan: In Japan,
e-commerce retailers integrate with multiple online channels, web stores, social media, and even brick-and-mortar stores to keep customers moving within the brand’s ecosystem seamlessly. The e-commerce market is expected to reach USD 325.9 billion by the end of the year 2026.
Read more
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