Sephora

Itab has announced to acquire its French competitor HMY for 320 million Euros. The two companies, which are roughly the same size and have different regional focuses, want to strengthen their market position internationally. The Retail Optimiser spoke to Klaus Schmid, SVP at Itab Group, about expectations for the move.

Tegut will be one of the first retailers in Europe to optimise its prices, stocks, floor space and shelf placement from a unified sales forecast. To achieve this, the Fulda-based grocery store chain, which is part of Migros Zurich, will implement Relex's AI-based solution together with Competera's price optimisation tool. For SAP, the decision is a bitter blow: for more…

Sephora will rely on Competera Software for the optimisation of its pricing. The perfumery operator is initially implementing the pricing solution in nine countries. This is the prelude to a comprehensive realignment of the company's IT infrastructure.

Relex Solutions has acquired Formulate, a Swedish promotion planning and analytics company. One of the joint users of Formulate and Relex is the Swedish Coop, whose Värmland region is one of Relex's early customers in the field of inventory optimisation, but also staff planning.

dm Drogeriemarkt has chosen US-based Product Lifecycle Management (PLM) specialist Centric Software to develop and manage its private label brands collaboratively with the manufacturers.

Hardly any retail technology provider was able to win more new customers -- including Aldi Nord, dm, Rewe Group and Sephora -- last year than Finnish software house Relex. The success has not gone unnoticed by investor groups. Last week, Relex was able to announce the closing of a financing round that was exceptionally high: around 500 million Euros are…

Luxury goods group LVMH’s perfumery operator Sephora is implementing AI-based supply chain management solutions from Relex to improve the availability and turnaround speed of its merchandise.