Acquisitions, Divestitures & Mergers

Articles about the big moves (acquisitions, divestitures and mergers)

  1. Acquisitions, Divestitures & Mergers

Consumer 360 Live! with Walmart’s Whitney Cooper

The CPG Guys, Sri & PVSB, are joined in this episode by Whitney Cooper, Senior Director of Omnichannel Transformation & Commercialization Follow Whitney Cooper on LinkedIn at: Follow Walmart on LinkedIn at: https://www.linkedin.com/company/walmart/ Follow Walmart Connect on LinkedIn at: https://www.linkedin.com/company/walmart-connect/Follow Walmart online at: http://walmart.comFollow Walmart Connect online at: http://walmartconnect.com This episode is sponsored by NielsenIQ […]
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  1. Acquisitions, Divestitures & Mergers

Albertsons to Launch Smart Shopping Carts at Select Stores

Albertsons Companies will launch cart-based smart checkout technology later this year at select supermarkets throughout the country, in partnership with Veeve Smart Carts. The carts use computer vision to identify items by extracting visual features (including barcodes) of the items placed within them, and a built-in scale calculates totals for produce. Shoppers can check in […]
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  1. Acquisitions, Divestitures & Mergers

MeMD becomes Walmart Health Virtual Care

SCOTTSDALE, Ariz. — The telehealth company MeMD has changed its name to Walmart Health Virtual Care, reflecting the final stages of its acquisition by Walmart Health, which was announced last May. “In this next evolution of MeMD, we are excited to begin officially delivering services as Walmart Health Virtual Care, bringing affordable, high-quality telehealth options […]
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  1. Acquisitions, Divestitures & Mergers

Flink, the German instant grocery upstart, snaps up France’s Cajoo for ~$93M, takes fresh Carrefour funding, sources say at $5B valuation

Instant grocery startups sprang up and grew like weeds during COVID-19, fueled by consumers opting to practice social distancing and ready to order their food and sundries at the tap of an app, and VCs seeing an gap in the delivery market that had yet to be definitively filled. Now, perhaps inevitably, comes the consolidation.
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  1. Acquisitions, Divestitures & Mergers

Kohl’s Could be Just Weeks From a Sale Despite Weak Q1 Results and Two C-Level Departures

It looks increasingly likely that a Kohl’s sale may be imminent, with the retailer receiving final bids from potential buyers in the coming weeks. Poor Q1 results and the departure of two senior executives could further ramp up pressure for the department store retailer to sell itself. Kohl’s reported a 5.2% net sales drop during […]
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  1. Acquisitions, Divestitures & Mergers

Membership gains drive BJ’s earnings

WESTBOROUGH, Mass. – BJ’s Wholesale Club Holdings Inc. today said strong membership gains drove increased sales and profits in its 2022 fiscal first quarter. BJ’s reported membership-fee income of $96.6 million, an increase of nearly 12% from the previous year. Comparable club sales were up 4.1%. When gasoline sales are included, BJ’s comps were up […]
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  1. Acquisitions, Divestitures & Mergers

Marketers Set Their Sights on Brand Awareness

Also, customer acquisition is a more important objective this year than customer retention. Brand awareness is the top objective for marketers around the world this year, edging out customer acquisition, which in turn is more important than customer retention, per results from Nielsen’s 5th Global Annual Marketing Report [download page]. As part of the report, Nielsen asked […]
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  1. Acquisitions, Divestitures & Mergers

Bonus Episode: Plunging Markets, Crypto Winters, and Elon’s Twitter Deal — with David Yermack

David Yermack, a professor of Finance and Business Transformation at the Stern School of Business, joins Scott for a special reports episode on how to think about the current stock market and crypto volatility. We also learn more about whether Elon can actually back out of his deal to acquire Twitter. Learn more about your […]
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  1. Acquisitions, Divestitures & Mergers

Twitter Debuts Subscriber-Only Spaces for ‘Super Followers’

Twitter is debuting a new subscriber-only element to let creators build their in-app communities with Super Follows Spaces, Social Media Today reported Tuesday (May 17). The feature will be available to Super Follows creators, and the report noted that this will let creators offer “an extra layer of conversation,” engaging with them through live audio. […]
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  1. Acquisitions, Divestitures & Mergers

Container Store Cleans up With Record Sales, Plans to Double Business

As a cloud of uncertainty hangs over housing prices and rising interest rates are taking a bite out of buying power, the case for staying in place is as strong as it’s been in years. It’s a scenario that is not only prompting consumers to make the most of the space they already have but one […]
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  1. Acquisitions, Divestitures & Mergers

Autochek expands to North Africa after acquiring Morocco’s Kifal Auto

Digital automotive commerce company Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount, marking the entry of the vehicle marketplace into North Africa. The deal comes barely a year after Autochek bought Cheki Kenya and Cheki Uganda from Ringier One Africa Media. Prior to the September 2021 transaction, Autochek had bought Cheki’s subsidiaries in […]
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  1. Acquisitions, Divestitures & Mergers

Walmart reports mixed first quarter results

BENTONVILLE, Ark. _ Walmart posted mixed results for the first quarter of fiscal 2023. Adjusted earnings per share for the three months ended April 30 were $1.30, well short of the $1.48 that analysts had forecast. The company said inflation hurt the bottom line. Revenue beat analysts’ estimates, rising 2.4% to $141.57 billion. Wall Street […]
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  1. Acquisitions, Divestitures & Mergers

Kohl’s Bucks Investor Pressure, Keeps Current Board in Place as Sale Talks Continue

Kohl’s shareholders voted to re-elect all 13 of its current Board Directors on May 11 despite prolonged efforts by activist investor Macellum Advisors, which has been pushing for a shakeup of the Kohl’s Board. In February, Macellum nominated 10 directors, including its CEO Jonathan Duskin, arguing that the company has underperformed in recent years compared with […]
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  1. Acquisitions, Divestitures & Mergers

BigCommerce Acquires Feedonomics in $145 Million Deal

Open SaaS ecommerce platform BigCommerce has purchased Feedonomics, a data feed management platform, for approximately $145 million. Feedonomics aims to help mid-market and enterprise merchants succeed on hundreds of advertising channels and marketplaces by ingesting, unifying, enhancing and syndicating product data, and then syncing the resulting order data back into merchants’ existing systems to help […]
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  1. Acquisitions, Divestitures & Mergers

Retail Media Revolution with Skai’s Nich Weinheimer

The CPG Guys, PVSB and Sri are joined in this episode by Nich Weinheimer, GM of Strategy and Commerce at Skai (fka Kenshoo). Skai is an AI-powered suite of technologies for brands and retailers including consumer and market insights, strategic planning, omnichannel media activation, testing and measurement. Skai’s solutions all share a uniquely comprehensive data […]
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  1. Acquisitions, Divestitures & Mergers

Elon Musk puts brakes on Twitter takeover

Elon Musk has put the brakes on his $44 billion deal to acquire social media company Twitter, while he waits for data on the number of fake accounts on the… The post Elon Musk puts brakes on Twitter takeover appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Acquisitions, Divestitures & Mergers

Instacart Begins IPO Process

The Wall Street Journal this morning reports that Instacart filed “confidentially” a draft registration statement with the US Securities and Exchange Commission (SEC), a first step in the process of an initial public offering (IPO). The New York Times explains that a confidential filing means that “it does not yet have to disclose certain data […]
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  1. Acquisitions, Divestitures & Mergers

Why May is the New Black Friday

When we think about big revenue-generating opportunities on the calendar, we typically focus on November and December, particularly Black Friday. But sales on Black Friday last year — both in-store and online — dropped below pre-pandemic levels. Heading in the opposite direction is May, which is quickly becoming one of the most important revenue-generating moments of the […]
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  1. Acquisitions, Divestitures & Mergers

RICE 2022 Keynote: How to Turn Word of Mouth Into a Mighty Marketing Weapon

As a marketing tool, word of mouth outperforms paid advertising on multiple levels, according to Jonah Berger, a marketing professor at the Wharton School at the University of Pennsylvania. In his keynote at the Retail Innovation Conference and Expo in Chicago, titled Creating a Contagious Brand: How to Drive Word-of-Mouth and Influence in an Always-On […]
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  1. Acquisitions, Divestitures & Mergers

Top 100 Retail Technology Influencers List interview: Brittain Ladd

As part of a series of interviews with those who made it on to the RTIH Top 100 Retail Technology Influencers List, we discuss rapid grocery delivery services and why the metaverse is a game changer with Brittain Ladd, a former Amazon exec and supply chain consultant. RTIH: What does recognition as a retail tech […]
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  1. Acquisitions, Divestitures & Mergers

Chilean Retailer Takes Majority Stake In The Fresh Market

Chile-based retailer Cenoscud will spend $676 million to acquire a 67 percent stake in The Fresh Market, its first move into the US marketplace. The Fresh Market has 160 stores (100 percent leased) across 22 states, with an average store size of approximately 21,000 square feet. The post Chilean Retailer Takes Majority Stake In The […]
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  1. Acquisitions, Divestitures & Mergers

Charlotte Tilbury and Scibids share results from marketing campaign driven by customisable AI

Scibids has implemented its AI as a service solution for a Charlotte Tilbury marketing campaign, leveraging Google Display & Video 360’s custom bidding feature, which, it says, has reduced customer acquisition costs by 29%.  Within two months, this has helped increase the conversion rate by 60% and doubled viewable reach within budget limits by optimising […]
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  1. Acquisitions, Divestitures & Mergers

Checkout.com acquires digital identity startup ubble

Checkout.com has announced the acquisition of digital identity startup, ubble, as part of its drive to expand its financial services offering. The deal, slated to close later this year pending… The post Checkout.com acquires digital identity startup ubble appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Acquisitions, Divestitures & Mergers

Zero-Party Data Playbook for Retail & E-Commerce

Are you ready for cookie-less future? Our Playbook helps retail and e-commerce marketers adapt in the wake of new data privacy regulations and thrive with the platforms they rely on. You will learn many ways to deliver personalized brand experiences that drive more engagement and offer genuine value to consumers & how brands like ASICS, […]
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  1. Acquisitions, Divestitures & Mergers

Today in the Connected Economy: Google Rolls Out New Digital Wallet

Today in the connected economy, Google unveils a new digital wallet, as well as new security features for online purchases with the help of Visa. Also, Airbnb updates its website and search functions, while CarGurus rolls out a digital platform that connects car buyers and dealers. Google Unveils New Android Digital Wallet Google has unveiled […]
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  1. Acquisitions, Divestitures & Mergers

Gopuff May See Its Ambitions Go Up In Smoke

The Information has a story about how food delivery firm Gopuff, while at one point during the pandemic being valued at $15 billion, is experiencing some growing pains. According to the story, “Last fall, discussions led by the founders about raising up to $1 billion in new funding fizzled after some investors balked at Gopuff’s […]
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  1. Acquisitions, Divestitures & Mergers

Flink, the German instant grocery upstart, snaps up France’s Cajoo for ~$93M, takes fresh Carrefour funding, sources say at $5B valuation

Instant grocery startups sprang up and grew like weeds during COVID-19, fueled by consumers opting to practice social distancing and ready to order their food and sundries at the tap of an app, and VCs seeing an gap in the delivery market that had yet to be definitively filled. Now, perhaps inevitably, comes the consolidation.
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  1. Acquisitions, Divestitures & Mergers

Lowest consumer confidence for nearly 50 years

A consumer confidence monitor that has been running since 1974 recorded its lowest-ever score this month. The well-established GfK index was down to -40 for May, meaning consumers are less confident now than at any time for nearly half a century. Joe Staton, client strategy director at GfK, said: “This comes as UK unemployment hits […]
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  1. Acquisitions, Divestitures & Mergers

Success Does Leave Clues for Food Retailers

Giving credit where credit is due.  The grocerant niche filled with Ready-2-Eat and Heat-N-Eat fresh prepared food continues to drive top-line sales and bottom-line profits in every channel of retail foodservice.  According to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions® the recent insights by the NPD group show just have important the […]
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