This Week's Biggest Retail Tech News — Retail Tech Innovation Hub

6. American department store chain JCPenney announces $40 million investment in supply chain upgrade

JCPenney has announced new upgrades for its 1.67 million square foot distribution center in Reno, Nevada.

The company invested $40 million in equipment and infrastructure upgrades at its Reno facility to improve efficiency and speed of online shopping orders as part of the retailer's self-funded $1 billion reinvestment strategy announced last year.

The highlight of the upgrade is the installation of the Joey Pouch sorting system, a computerized induction, sorting and packaging system.

This includes new induction process technology, fully automated sorting equipment to assemble orders, and a new packaging system that prints invoices and shipping labels for each order at the station.

The upgrade is expected to improve customer experience by ensuring online orders are completed more accurately and shipped faster.

7. Studenac focuses on sustainability and innovation as it prepares its new distribution centre near Zagreb.

Croatian retailer Stadenac has announced plans to build a new distribution center near the country's capital, Zagreb, due to open next year, which will introduce solutions to boost the efficiency and capacity of its logistics network, reduce delivery times to stores and improve collaboration with suppliers.

The Velika Gorica facility covers an area of ​​36,000 square metres and will eventually create around 500 new jobs.

Owned by funds managed by Central and Eastern European private equity firm Enterprise Investors, Studenak currently has a central distribution centre in Dugopolje, near the coastal city of Split, supporting cross-dock operations in Zadar as well as semi-cross-docks in Dubrovnik, Pazin, Zagreb and Kutina.

Since the change of ownership in 2018, we have grown from a local merchant to one of the national leaders in the Croatian retail sector, says Dragan Bakarrad, member of Stadenac’s board of directors.

As we execute on our growth strategy, we continue to invest across our business to continue to meet customer expectations for high quality, fresh products, and we expect the solutions installed at the new centre will ensure maximum efficiency across our supply chain.

8. HYPERVSN 3D holographic technology creates immersive shopping experience at Nike House of Innovation

Nike utilized HYPERVSN’s 3D holographic technology to provide shoppers with an immersive shopping experience.

To coincide with the release of the new Air Max DN sneakers, the retailer has rolled out a detailed 3D visual series at its House of Innovation store in Paris.

Every intricate detail of the sneaker is depicted in holographic form across a series of separate stations.

This will allow attendees to check out the comfort and responsiveness features of the Air Max Dns.

“Nike redefined what it means to 'walk on air' with the launch of their revolutionary Air Max DN shoe at the House of Innovation in Paris. The experience, unveiled through HYPERVSN's holographic 360 technology at Air Max Week 2024, is perfectly aligned with Nike's commitment to constant innovation and exceptional customer experience,” said Amar A., ​​industry expert and influencer.

9. CIDO Nina Mimica of Stadenac Market joins the jury of the 2024 RTIH Retail Technology Awards

We are pleased to announce that Nina Mimica, Chief Innovation and Digitalization Officer at Studenac Markets, has joined the judging panel for the 2024 RTIH Innovation Awards.

The awards recognise global technology innovation in the rapidly changing omnichannel world.

The 2024 winners will be announced at the 2024 RTIH Innovation Awards Ceremony, taking place at RIBA 66 Portland Place HQ in Central London on Thursday 21 November.

The entry form and FAQ can be found here.

Stadenak, owned by funds managed by Central and Eastern European private equity firm Enterprise Investors, has expanded across the country through a combination of organic growth and acquisitions, more than tripling its store network in almost six years and sees further growth potential based on its proximity retail concept.

Nina is responsible for the strategy and development of innovation and digitalization using advanced analytics and new product development to drive new enterprise growth and value, optimization, efficiency and customer satisfaction.

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