The retail technology week in numbers
The past week at a glance…
$7.9 billion…US 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.
£100,000…John 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 million…Marlin Equity Partners is set to buy Bazaarvoice for approximately $521 million.
£1.39 billion…The 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 billion…Americans spent a record $6.59 billion on Cyber Monday, a 16.8% year-over-year increase according to Adobe Insights.
