Walmart acquires Volt Systems to optimize product assortment and anticipate evolving customer demands
Key Signals in Retail and Consumer Goods
Centre setup and Expansion Walmart Foundation and ICRISAT launch Secondary Processing Unit in Andhra Pradesh This unit will support farmers from the district with new livelihood and market access opportunities through value-added groundnut, millet, and other nutritious products. Read More>> Dollar General opens in Morgan City The addition of the latest Morgan City store opens the opportunity for schools, nonprofit organizations, and libraries within a 15-mile radius of the store to apply for Dollar General Literacy Foundation grants. Read More>> Dior opens first Scandinavian boutique in Oslo The new store is located on Nedre Slottsgate in the Promenaden Fashion District, Oslo’s luxury shopping hub, next to other fashion houses including Bottega Veneta, Hermès, and Gucci. The new store will carry the brand’s women’s and men’s AW22/23 collection designed by creative director Maria Grazia Chiuri. Read More>>Deal Weis Markets selects Invafresh to streamline fresh food operations The collaboration of Weis Markets with Invafresh’s Fresh Retail Platform includes the development of demand forecasting, in-store production planning, food traceability, recipe management and cut test management across all fresh departments. Read More>>Mergers and Acquisitions Walmart acquires tech firm to optimize product assortment Walmart has announced the acquisition of Volt Systems, a US tech company focusing on giving suppliers greater visibility into merchandising resources. The deal affirms Walmart’s continued investment in technology and innovation, enabling us to better anticipate customer demand. Read More>> Darling Ingredients buys Brazilian rendering company FASA Group As part of the transaction, Darling Ingredients has acquired 14 plants that process more than 1.3 million metric tons annually, with an additional two plants under construction. Read More>>Partnership Polygon partners with Coca-Cola on NFT Initiative According to the announcement, the airdrop is an exclusive opportunity for fans who ventured with Coca-Cola through its Journey in the Metaverse. Also, the selected beneficiaries are current holders of other Coca-Cola collections. Read More>>Executive Movement Petco reorganizes leadership team; names new COO In a number of leadership announcements, Petco announced that Chief Operating Officer and President of Services Mike Nuzzo will exit his position after more than seven years with the company. Chief Pet Care Center Officer Justin Tichy has been named COO and will take on additional logistics responsibility, including overseeing the company’s distribution centers. Read More>> Neiman Marcus adds Ryan Ross as President In his new role, Ryan Ross will help fuel growth by strengthening the customer and brand experience. Before joining Neiman Marcus, Ross held multiple positions at Williams Sonoma, most recently serving as president. Read More>>
Latest Industry Insights from Draup Braindesk
Key Funding Alert
Lenskart raises USD 12.57 Mn from Ravi Modi Family Trust
The investment is a part of Lenskart’s ongoing fundraising to raise USD 250 Mn at a valuation of USD 5 Bn. The current fundraising is a part of a larger round that has also seen participation from Temasek, Avendus Future Leaders Fund, Epiq Capital, and others. Read More>>
Startup Spotlight
Company – Les Nouveaux Fermiers Total Funding – USD 41.8 Mn About: Les Nouveaux Fermiers is a French startup that offers 100% plant-based meat for the people in France. The company keeps the same gourmet pleasure by switching from animal to vegetable meat. Their products are healthy and have positive impacts on the environment. Read More>>
Latest Reports Published in Draup
Mondelez Europe Account Intelligence Report: Mondelez Europe focuses on introducing new brands and recipes for accelerating system development and supporting business continuity. Mondelez Europe’s business priorities are more aligned toward transitioning futuristic digital offerings across its business domains by utilizing the cloud, eCommerce, sensors, and IoT. Read More>>
eBay Account Intelligence Report:
eBay intends to enable online applications that provide customers with a seamless shopping experience. By leveraging 3D Technology, eBay allows sellers to display their products in an interactive real-time 3D view. Read More>>
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