6. American department store chain JCPenney announces $40 million investment in supply chain upgrades
JCPenney has unveiled a new upgrade to its 1.67 million square foot Reno, Nevada distribution centre.
As part of the retailer’s self-funded $1 billion reinvestment strategy announced last year, it has invested $40 million in updating the equipment and infrastructure of the Reno facility to increase order efficiency and speed for online shoppers.
The centrepiece of the upgrade is the implementation of the Joey Pouch sorting system, a computerised induction, sorting and packing system.
It includes new induction process technologies, a fully automated sorter to assemble orders and a new packing system that includes invoice and shipping label printing for each order in the station.
The upgrade is expected to improve the customer experience by ensuring that online orders are complete with higher accuracy and shipped out more quickly.
7. Studenac focuses on sustainability and technology innovation as it preps new distribution centre near Zagreb
Croatian retailer, Studenac, has announced plans to build a new distribution centre near the country’s capital Zagreb that will open next year, deploying solutions to enhance the efficiency and capacity of its logistics network, ensuring shorter delivery times to stores and improving collaboration with suppliers.
The facility in Velika Gorica will cover 36,000 square metres and eventually create approximately 500 new jobs.
Studenac, which is owned by a fund managed by Enterprise Investors, a private equity firm in Central and Eastern Europe, currently has a central distribution centre in Dugopolje, near the coastal city of Split, which supports cross-dock operations in Zadar, as well as semi cross-docks in Dubrovnik, Pazin, Zagreb and Kutina.
“Since the change in the ownership happened in 2018, we have evolved from a local trader to one of the nationwide leaders in the retail sector in Croatia,” says Dragan Baškarad, a member of the Studenac management board.
“As we implement our growth strategy, we continue to invest across our business to ensure we continue meeting our customers’ expectations for high quality and fresh products. We expect that the solutions we’re deploying in the new centre will ensure the greatest possible efficiency all along our supply chain.”
8. HYPERVSN 3D holographic tech powers immersive shopping experience at Nike’s House of Innovation
Nike has delivered an immersive shopping experience to shoppers with 3D holographic technology from HYPERVSN.
To coincide with the launch of its new Air Max Dn sneakers, the retailer has deployed a series of detailed 3D visuals at its House of Innovation store in Paris.
Every intricate detail of the sneaker is represented in holographic form across a series of individual stations.
This allows attendees to inspect the Air Max Dn’s features for comfort and responsiveness.
“Nike has redefined the meaning of ‘walking on Air’ with the launch of the revolutionary Air Max Dn shoes at their House of Innovation in Paris. Showcased during Air Max Week 2024 through HYPERVSN’s Hologram 360 Technology, this experience perfectly aligns with Nike’s commitment to constant innovation and exceptional customer experiences,” says Amar A, industry expert and influencer.
9. Studenac market CIDO Nina Mimica joins 2024 RTIH retail technology awards judging panel
The awards celebrate global tech innovation in a fast moving omnichannel world.
Our 2024 winners will be announced at the 2024 RTIH Innovation Awards ceremony, which will be held at RIBA’s 66 Portland Place HQ in Central London on Thursday, 21st November.
Entry forms and FAQs can be found here.
Studenac, which is owned by a fund managed by Enterprise Investors, a private equity firm in Central and Eastern Europe, has more than tripled its store network in almost six years, expanding throughout the country via a combination of organic growth and acquisitions, and it sees potential for further growth based on its proximity retail concept.
Nina is responsible for the innovation and digitalisation strategy and development using advanced analytics and new product development as drivers for new company growth and value, optimisation, efficiency and customer satisfaction.