The retail technology week in numbers

The retail technology week in numbers

The past week at a glance…

$7.9 billionUS shoppers spent a record $7.9 billion online this Black Friday and Thanksgiving, a 17.9% increase compared with 2016, according to Adobe Digital Insights

812 million…When the clock struck midnight on Singles’ Day, the biggest shopping day on earth had come to an end. But for Cainiao Network, the logistics affiliate of Alibaba Group, the hard work was just beginning. The 812 million delivery orders generated in those 24 hours, up 23% from last year’s 657 million, now had to be shipped to consumers. Further details here.

£100,000John Lewis has concluded this year’s JLAB UK retail tech accelerator programme, with two startups receiving funding. These are: WeFiFo – a social hub from West Sussex, which connects home chefs, supper club hosts and professional chefs with paying guests. And Exaactly – an intelligent addressing system that aims to put an end to failed deliveries. It allows customers to provide information up front about how to find their delivery address and where to leave a parcel when they are not at home. John Lewis will make a £100,000 investment in the startups, and its partner, L Marks, will match it

$521 millionMarlin Equity Partners is set to buy Bazaarvoice for approximately $521 million.

£1.39 billionThe amount spent on UK online retail sites this Black Friday was up +11.7% YOY to £1.39 billion, according to IMRG.

28.8%...Technology investment by Australian retailers is set to record a CAGR of 28.8% from 2016-2021, according to a new Research and Markets report.

$6.59 billionAmericans spent a record $6.59 billion on Cyber Monday, a 16.8% year-over-year increase according to Adobe Insights.

26%...MetaPack reports a 26% year-on-year rise in delivery volumes processed across its platform over Black Friday and the Cyber Weekend. 

48%...of UK shoppers would like to customise their contactless card transaction limit, or be able to do so, according to research from Paymentsense involving 1,000 people.

Amazon brings Treasure Truck to UK

Amazon brings Treasure Truck to UK

Netflix and Youku in ‘groundbreaking’ distribution deal

Netflix and Youku in ‘groundbreaking’ distribution deal