(IN BRIEF) IKEA South Korea has implemented advanced automation systems at its Giheung store as part of a global initiative by the Ingka Group to enhance customer experience and operational efficiency. The €11 million investment in technology, including wireless-controlled robots … Read the full press release
Posted in Business, Economy, Environment, Financial, Government, Industrial, Internet & Online, Investment, Management, Marketing, Netherlands, News, Retail, Technology
Tagged automation, E-Commerce, Giheung store, IKEA, Ingka Group, INNOVATION, investment, Marcus Baumgartner, partnership, South Korea, sustainability
(IN BRIEF) The August bank holiday is expected to bring a significant boost to the UK’s retail and hospitality sectors, with a forecasted 15% increase in sales, contributing an additional £600 million to the economy. This uplift is based on … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Ireland, Management, News, Retail, United Kingdom
Tagged August Bank Holiday, Colin Grieves, Experian, Hospitality, Ireland, partnership, retail, sustainability, UK
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), along with private equity firms CEECAT Capital and Morphosis Capital, has made a significant investment in the Romanian discount food retailer La Cocos. The €10 million equity investment will help … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, Romania, United Kingdom
Tagged CEECAT Capital, EBRD, expansion, investment, Iulian Nica, La Cocos, Morphosis Capital, partnership, retail, Romania, sustainability
(IN BRIEF) Switzerland launched instant payments on 20 August 2024, with around 60 financial institutions now able to process these transactions, covering over 95% of Swiss retail payments. Instant payments allow for immediate account-to-account transfers, 24/7, offering significant benefits such … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, International Trade, Internet & Online, Investment, Management, Marketing, News, Retail, Switzerland, Technology
Tagged financial institutions, Instant Payments, partnership, SIX, sustainability, Switzerland
(IN BRIEF) Symrise has opened an expanded Sales and R&D hub in Beijing to better serve the growing food and beverage market in Northern China. The 800 sqm facility includes advanced laboratories for beverage, dairy, culinary, and snack applications, designed … Read the full press release
Posted in Business, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Retail, Technology
Tagged Beijing, INNOVATION, Northern China, partnership, R&D Hub, Robert Marti, sustainability, Symrise, Walter Ribeiro
(IN BRIEF) IKEA is expanding its use of AI-powered drones to automate inventory management across its warehouses in Europe and North America. After successful testing in Belgium, the drones will now operate 24/7, freeing up employees for other tasks and … Read the full press release
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Industrial, Investment, Management, Netherlands, News, Retail, Security & Safety, Technology
Tagged AI-powered, Drones, IKEA, Ingka, inventory management, Marcus Baumgartner, Parag Parekh, partnership, safety, sustainability, Tommy Niemierowski, Warehouse Operations, well-being
(IN BRIEF) IKEA is launching a year-long campaign focused on improving sleep quality, starting with an attempt to break the GUINNESS WORLD RECORDS™ for the largest pyjama gathering in Älmhult, Sweden, on August 28th. The initiative responds to increasing customer … Read the full press release
Posted in Business, Financial, Government, Industrial, Investment, Management, Marketing, Netherlands, News, Retail, Sweden
Tagged IKEA, Ingka Holding, Pyjama Gathering, Sleep Improvement Campaign, Sweden
(IN BRIEF) Ahold Delhaize has launched a new app for its Belgian brand, Delhaize, as part of a six-country rollout plan. This app enhances customer experience with an intuitive interface, enriched loyalty features, and improved in-store functionalities. The app, designed … Read the full press release
Posted in Belgium, Business, Environment, Financial, Food & Beverage, Government, Industrial, Internet & Online, Investment, Management, Marketing, Netherlands, News, Retail, Technology
Tagged Ahold Delhaize, Belgium, Delhaize App, digital experience, Europe, Lefteris Geranios, partnership, sustainability
(IN BRIEF) Amazon and Barclays have launched the Amazon Barclaycard, a new co-branded credit card in the UK that rewards customers for everyday spending. The card offers up to 2% back in Amazon Barclaycard Rewards, with 1% on Amazon purchases … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Retail, Technology, United Kingdom
Tagged Amazon, Amazon Barclaycard, Barclays, credit card, John Boumphrey, partnership, Rewards, shopping, Steve Weston, sustainability, USA
(IN BRIEF) Morrisons has expanded its partnership with Too Good To Go, now offering ‘Surprise Bags’ at over 930 Morrisons Daily convenience stores across the UK. This initiative helps reduce food waste and provides customers with discounted quality food nearing … Read the full press release
(IN BRIEF) Sainsbury’s has partnered with NCR Voyix in a seven-year agreement to enhance its shopping experience and support its business strategy. The partnership involves upgrading 22,500 checkouts with advanced NCR Voyix technology, including AI-powered self-checkout systems and real-time analytics. … Read the full press release
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Government, Industrial, Investment, Management, Marketing, News, Retail, Technology, United Kingdom
Tagged AI, Clodagh Moriarty, Eric Schoch, NCR Voyix, partnership, retail, Sainsbury, shopping, sustainability, technology, USA
(IN BRIEF) Unilever has sold its stake in Qinyuan Group, known for water purification solutions in China, to Yong Chao Venture Capital Co., Ltd. This move is part of Unilever’s Growth Action Plan to focus on higher-growth areas. Eduardo Campanella, … Read the full press release
Posted in Business, Commodities, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, CHINA, Eduardo Campanella, Mr. Ye Jianrong, partnership, Qinyuan Group, sustainability, Unilever, Yong Chao Venture Capital Co. Ltd.
(IN BRIEF) TotalEnergies and Casino Group have renewed their 20-year strategic partnership to supply over 1,000 service stations in France, effective October 1, 2024, for five years. The agreement involves Casino providing food products and essential items to TotalEnergies stations, … Read the full press release
(IN BRIEF) TAKKT has strengthened its resilience in the first half of 2024 by increasing its gross profit margin to 40.5% and streamlining cost structures, resulting in a slight increase in free cash flow to €25.6 million. Despite a 17.7% … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Retail
Tagged Andreas Weishaar, economy, Financial, investment, Maria Zesch, resilience, retail, TAKKT
(IN BRIEF) Portugal is taking significant steps towards sustainable transport with the launch of heavy-duty electric vehicles for IKEA product transportation. Starting in late June, KLOG will deploy battery-electric vehicles from Scania to transport goods from the IKEA Industry factory … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Portugal, Retail, Sweden, Transportation & Logistics
Tagged APDL, battery-electric vehicles, Carbon-Neutral Future, charging solutions, Cross-Industry Collaboration, Dariusz Mroczek, decarbonisation, Egídio Lopes, electric vehicles, Electrified Transports, Evalena Falck, Heavy-Duty Electric Vehicles, IKEA, IKEA Industry, Infrastructure Development, João Neves, KLOG, logistics, Pick-and-Drop Solution, Portuguese Port Authority of Leixões, route planning, Scania, sustainable transport, Transport Decarbonisation
SGW Global (SGW) is delighted to announce the appointment of Telcomdis as the official distributor for Motorola Nursery and Motorola personal audio products across Europe, including the UK. (IN BRIEF) SGW Global has appointed Telcomdis as the official distributor for … Read the full press release
Posted in Business, Electronics & Machinery, Marketing, Retail, Spain, Technology, Telecom, United Kingdom
Tagged advanced monitoring solutions, air purifiers, Android auto, Baby Monitor, baby monitors, baby products, consumer electronics, DECT phones, distribution, distributor, headphones, humidifiers, IFA Berlin 2024, Javier Cortina, Kind + Jugend Cologne 2024, MA1, Motorola, Motorola chargers, Motorola Nursery, Motorola Sound, Motorola Sound Products, Motorola Voice, personal audio products, portable wireless speakers, projectors, scales, SGW, SGW Global, sleep monitors, soothers, speakers, Telcomdis, Telcomdis tecnología, thermometers, toddler products, true wireless, TWS
(IN BRIEF) Ingka Investments, the investment arm of Ingka Group, has announced a significant partnership with Extell Development Company to invest in 570 Fifth Avenue, a new mixed-use office and retail tower in New York City. This strategic move marks … Read the full press release
Posted in Business, Construction, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Retail
Tagged Extell Development Company, Fifth Avenue, Gary Barnett, IKEA, Ingka Group, Ingka Investments, New York City, partnership, Peter van der Poel, retail, shopping
(IN BRIEF) Carrefour has finalized the acquisition of the Cora and Match banners from the Louis Delhaize group for €1.05 billion, enhancing its foothold in the French food distribution market. The acquisition includes 60 Cora hypermarkets and 115 Match supermarkets, … Read the full press release
(IN BRIEF) Stella International Holdings Limited has partnered with Wolters Kluwer to implement the CCH Tagetik Corporate Performance Management (CPM) software, aiming to digitally transform its finance operations. This strategic move replaces manual financial processes with automated budgeting, forecasting, and … Read the full press release
(IN BRIEF) Ingka Group, the largest IKEA retailer, has successfully concluded its inaugural IKEA Talents contest, aimed at fostering creativity and unity among its global workforce. Thomas from IKEA Austria emerged as the global winner, impressing with his song ‘This … Read the full press release
Posted in Art & Culture, Austria, Awards, Business, Financial, Industrial, Management, Media, Netherlands, News, Retail
Tagged Awards, creativity, IKEA, Ingka, Jesper Brodin, Talents Contest, Thomas from Austria
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