Walmart to deploy Symbotic’s robotics and software automation platform across all regional distribution centers
Key Signals in Retail and Consumer Goods
Centre Setup and Expansion Food Lion To-Go storefront and services opens in Avon The new addition includes an expanded quick-pick area where items such as ice, propane, or seasonal merchandise that customers may have forgotten in their order are easily accessible. Read More>> California-based Living Spaces opens a hybrid store, and warehouse in Humble California-based Living Spaces has opened a new outlet store and warehouse in a 695,000 square foot space in Humble near Deerbrook Mall. It is the first store in the Houston market, but the company has 30 locations spread across several states. Read More>> Chocolate maker Hershey opens new R&D center in Malaysia This new facility will enable Hershey to quickly develop, test, and launch new products customized to consumers’ tastes across the region. It will become one of Hershey’s most extensive R&D facilities outside of the US. Read More>>Deals Marinomed Biotech enters into a license agreement with Procter & Gamble on Carragelose products Under the terms of the agreement and depending on the achievement of specified regulatory and commercial milestones, Marinomed is eligible to receive milestone payments and royalties on Carragelose sales in the United States of America. Read More>> Famous butcher Samuel Lau inks deal with Skechers, launches social channels The company has recently tapped on a new face for its brand, picking butcher Samuel Lau as its promotion campaign representative for the Hong Kong market. In the latest collaboration, Lau wears the brand’s working trainers at his store in Tsuen Wan wet market. Read More>>Partnerships Walmart to automate all regional distribution centers Walmart to deploy Symbotic’s robotics and software automation platform at all 42 of its regional DCs. The scalable system encompasses a fleet of fully autonomous robots and AI-powered software to improve throughput while boosting warehouse capacity. Read More>>Mergers and Acquisitions Lactalis confirms purchase of Australia yogurt firm Jalna The world’s largest dairy business has bought the Jalna brand, a yogurt production facility in Melbourne, and a milk farm in northern Victoria. This transaction expands Lactalis Australia’s yogurt portfolio of iconic brands with the highly recognizable and popular yogurt brand, Jalna. Read More>> Woolworths rings up USD 243 Mn docket for a majority stake in MyDeal The addition of MyDeal to the Woolworths’ stable is expected to enhance the group’s marketplace capabilities, particularly in furniture, homewares, and other bulky goods. Read More>> Aurora Cannabis acquires TerraFarma The transaction is expected to strategically strengthen Aurora’s position in the Canadian market by placing the Thrive team in charge of Aurora’s Canadian recreational portfolio and advancing the shift in focus to innovative premium products, including dried flowers, pre-rolls, vapor products, and concentrates. Read More>>Executive Movement Hugo Boss’ COO jumps ship to head Swiss outdoor brand Hugo Boss Chief Operating Officer Heiko Schäfer will be leaving the German apparel company later this month after being named chief executive of Swiss outdoor specialist Mammut Sports Group. Schäfer joined Hugo Boss in March 2020, just as the COVID-19 pandemic was beginning to rattle the world. Read More>>
Latest Industry Insights from Draup Braindesk
REI offers services like outdoor-oriented vacations & courses and provides sporting goods, camping gear, travel equipment, and clothing.
REI focuses on improving customer experience and traditional retail tactics to keep clients closer to the brand.
REI focuses on developing Business modules by implementing online product purchasing technologies.
Key Funding Alert
Walmart-backed Ninjacart Raises USD 9 Mn from STIC Investment
The development comes four months after the startup raised USD 145 Mn from US retail giant Walmart. The investment into Ninjacart will help Flipkart scale its 90-minute online grocery business — Flipkart Quick — to 200 cities by 2022. Flipkart will also leverage it to strengthen its broader grocery offering, Supermart. Read More>>
Startup Spotlight
Company – Kaiyo Total Funding – USD 43.05 Mn About: Kaiyo is an online marketplace that offers used furniture with sustainable design and provides pickup and delivery services. Its mission is to make beautiful furniture accessible to everyone and sustainable for the planet. Read More>>
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