Newsletters

Ulta Beauty partners with Meta for retail ad network measurement

Key Signals in Retail & Consumer Goods

Deals
Smiths News announces distribution contract extension with News UK       
They will exclusively distribute News UK’s titles in Smiths News’s existing London distribution areas. This move aims to streamline operations and cut costs for London retailers. Read More>>
Wincanton wins beauty eFulfilment contract with premium retailer, Sephora           
They will manage eFulfilment services for the next five years, aiding in Sephora’s UK market growth and expanding retail operations. Read More>>


Partnerships 
Peloton expands into Austria through partnerships with Amazon and Sport-Tiedje  
It will offer fitness equipment and classes to Austrian consumers, furthering its global fitness market reach.    Read More>>
Ulta Beauty partners with Meta for retail ad network measurement   
It aims to provide brand partners with deeper insights into ad performance on Meta-owned social platforms like Facebook and Instagram. Read More>>


Centre Setup and Expansion
Walmart to open proprietary milk processing facility       
Walmart plans to open a milk processing facility in Valdosta, Georgia, to increase supply chain resiliency and transparency around sourcing, creating nearly 400 local jobs. The facility will serve over 750 Walmart stores and Sam Club locations in the Southeast.  Read More>>
Whole Foods Market to anchor new retail center in Downtown Summerlin Whole Foods  
The move is to expand the community’s growth, offering residents access to natural and organic foods. Construction is underway, with the core and shell completion expected by Fall 2024. Read More>>


Executive Movement
Tupperware appoints new CEO, shakes up board  
Tupperware Brands Corporation has named Laurie Ann Goldman as its new CEO, president, and board director. She replaces Miguel Fernandez and brings extensive leadership experience from companies like Ovme Aesthetics, Avon North America, and Spanx. Read More>>
Walmart GoLocal names Rina Hurst as Vice President
Hurst previously served as chief business officer at Shipt, a delivery service owned by Target. In her Walmart role, she will be responsible for strategic direction, operations and general management, according to a press release. Read More>>


Product Launch
Dorman introduces hundreds of new products 
Dorman Products unveiled 250 new motor vehicle parts. Among them, there’s an innovative intake manifold for select Jeep and Ram vehicles and an OE FIX 4WD actuator kit designed for Ford and Lincoln vehicles. Read More>>
Amazon launches the first satellites of its new internet venture                                                
Amazon successfully launched two prototype satellites for Project Kuiper, an ambitious venture aiming to provide global internet service through a vast satellite network, competing with SpaceX Starlink service. Read More>>

Latest Industry Insights from Draup Braindesk

Distribution and Inventory Management  
  • Georgetown has expanded its partnership with Grainger, allowing the City of Georgetown to receive product discounts ranging from 5-40% and support local businesses. 
  • Grainger has planned to open a 500,000-square-foot distribution center in Gresham, Oregon, in 2025. The new Northwest Distribution Center will enhance customer service across the Pacific Northwest. 
  • Grainger has leased over 525,000 square feet of warehouse space at the Carolina Logistics Park in Pineville, North Carolina. This new warehouse will be used to receive, stock, and ship bulk items such as generators and water heaters. 

Key Funding Alert

QuoteMachine closes USD 3.7 Mn Seed Funding Round to accelerate high-value sales for retailers   QuoteMachine aims to enhance payment solutions, offer inventory management capabilities, and expand its go-to-market teams. The platform simplifies big-ticket item sales and enhances customer experiences, focusing on personalization. Read More>>

Startup Spotlight

Company –  Hopscotch  
Total Funding – USD 72.8 Mn
About: Hopscotch is an online store offering insider access to baby and kids’ brands from around the world. The store sells clothing, shoes, food, safety essentials, toys, books, school materials, and other items. Read More>>

Latest Reports Published in Draup

Best Buy Account Intelligence Report
 Best Buy is embracing cryptocurrency wallets and exploring the potential of blockchain technology to provide customers with secure and convenient access to digital assets. Read More>>

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