Here are the recent happenings in the Retail and Consumer Tech world as of Dec 10, 2024:
B-Stock Honored for Predictive Resale Price Modeling Tool
B-Stock has been recognized with the 2024 Top Software & Tech Award for its innovative Predictive Resale Price Modeling Tool. This tool leverages advanced analytics to forecast resale values, empowering retailers to optimize inventory liquidation strategies.
Retail Control Systems Enhances Thrifting Retailers’ Operations
Retail Control Systems has introduced a new Thrift Performance Management (TPM) solution aimed at boosting operational efficiency and profit margins for thrifting retailers. The TPM solution offers real-time data analytics and streamlined processes, enabling retailers to make informed decisions and enhance customer experiences.
Tulip Acquires Humankind to Elevate E-commerce Clienteling
Tulip, a leader in integrated clienteling and POS solutions, has acquired Humankind, an e-commerce clienteling solution provider. This strategic move aims to merge Humankind’s personalized e-commerce capabilities with Tulip’s platform, enhancing omnichannel customer engagement for retailers. David Weissman, CEO of Humankind, expressed enthusiasm about the partnership, stating it will offer “a truly unified solution that will help [retailers] deliver exceptional customer experiences.”
Retailers Recognized at 26th Annual Issue Summit
At the 26th annual Issue Summit in New York City, six retailers were honored with Total Store Awards for excellence in brand marketing, retail media, and customer engagement. Notable winners include Walmart for Best Retailer Omnichannel Consumer Wellness Program and Kroger for Best Brand Loyalty-Enabled Retail Media Platform.
Full Glass Wine Expands Portfolio with Two Acquisitions
Full Glass Wine Co. has acquired Wine Access and Cameron Hughes Wine, marking its sixth and seventh acquisitions. Founded in 2023 by Neha Kumar and Louis Amoroso, Full Glass aims to create a multi-brand wine marketplace that integrates technology with personalized wine discovery. With these additions, the company projects over $200 million in revenue for 2025.
Mars United Joins Publicis to Strengthen Commerce Capabilities
Mars United has been acquired by Publicis, enhancing its scale and access to data and technology. Rob Rivenburgh, CEO of Mars United, now leads the Publicis Commerce global group and emphasizes leveraging Epsilon’s CORE ID for improved audience understanding and shopper behavior insights.
Grocery Stores Innovate to Meet Consumer Demands
Grocery retailers are rapidly evolving to meet changing consumer expectations, focusing on price competitiveness, product variety, and omnichannel shopping experiences. Gina Acosta, Editor-in-Chief of Progressive Grocer, highlights the industry’s transformation, noting that “artificial intelligence, retail media, and the future of work are all transforming the grocery industry.”
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