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Trigo Raises $100 Million to Fuel Expansion of Cashier-Free Checkout Technology

Retail TouchPoints

Computer vision company Trigo has raised $100 million in a new equity financing round. The solution provider will use the funding to scale deployment of autonomous urban supermarkets across Europe and the U.S., enter new geographies and develop its store and inventory management software application suite, StoreOS.

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Hy-Vee RMN Deploys Carrot Ads Solution; Instacart Extends Ad Placements to Smart Carts

Retail TouchPoints

The 570 -store Midwestern supermarket retailer Hy-Vee will expand its partnership with Instacart by adopting the platforms Carrot Ads solution. This new integration will give Hy-Vee RedMedia access both to Instacarts ad technology and its CPG advertising ecosystem, which delivers advertiser demand from more than 7,000 brands.

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Saks Parent HBC to Buy Neiman Marcus Group for $2.65 Billion, Including Investment from Amazon

Retail TouchPoints

Kestenbaum noted that Amazon “had hoped for big growth in supermarkets but it has proven a big challenge to crack into the top five performers in that industry. Department store services and technology, while not as big as grocery, could be a more accessible opportunity for Amazon and a great learning exercise.”

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Ukraine Crisis: Retailers React With Direct Support, Charitable Efforts and Product Boycotts

Retail TouchPoints

“Ontario joins Canada’s allies in condemning the Russian government’s act of aggression against the Ukrainian people, and will direct the [Liquor Control Board of Ontario] to withdraw all products produced in Russia from store shelves,” said Peter Bethlenfalvy, Finance Minister of Ontario in a tweet.

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How Acoustic Solutions Can Enhance In-Person Shopping Experiences

Retail TouchPoints

A shorter store dwell time will lead to a decrease in sales. Studies have shown that unpleasant sounds or “noise clutter” in retail stores and supermarkets can reduce sales by nearly 30%. From a retail staff perspective, the store’s team members spend a much longer period in the store than customers.

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AI in Retail: Optimizing Operations from Supply Chains to Employee Scheduling

Retail TouchPoints

Retail is already seeing successful use cases: Albertsons recently rolled out a predictive ordering platform from Afresh Technologies designed for the rapidly changing nature of fresh products to more than 2,000 of its supermarkets, providing department managers with easy-to-use ordering tools leveraging real-time insights. said Thota.

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Retail appointments of the week

Inside Retail

Adrian Mitchell, Macy’s chief financial officer since November 2020, will become chief operating officer and oversee the company’s store operations, technology and supply chains. Before joining Metcash, Ramage was with Coles Liquor, where he held several roles across marketing, merchandise, operations and business development.