The retail technology week in numbers
£419 million…Brits will splash out £419 million on Halloween this year, up by 5% from £400 million in 2017, according to research by Mintel.
450…Blockchain could become ubiquitous by 2025, entering mainstream business and underpinning supply chains worldwide. Through investment and partnerships, the technology will dominate manufacturing as well as consumer products and retail industries, ushering in a new era of transparency and trust, according to a report by the Capgemini Research Institute.
It surveyed 450 organisations where blockchain implementation is underway in their supply chain as a proof of concept, pilot or at-scale. Currently, just 3% do so at scale, whilst 10% have a pilot in place, with 87% of respondents reporting to be in the early stages of DLT experimentation.
7.5%...October saw UK online retail sales experience their lowest September growth (+7.5% YoY) since 2014, according to the latest IMRG Capgemini e-Retail Sales Index.
130…Porcelanosa is turning to experiential marketing to make its 130 stores and showrooms more ‘immersive’. The ceramics production venture is implementing a music and scent system, developed by Mood Media.
48% of UK online grocery shoppers are willing to pay more for rapid delivery of their groceries, according to research from IGD involving 2,000-plus people.
$22 million…Personalised menswear styling and e-commerce service, Thread, has closed a $22 million Series B founding round and added 50 new brand partners to its range.
370…Accessories chain Claire’s, which is said to be considering closing some of its UK stores, is out of touch with today’s young shoppers, according to GlobalData. The Press Association reports that the retailer is talking to restructuring firms about "a number of options". It currently has more than 370 stores in the UK.
50…Online cards, gifts and flowers retailer Moonpig is opening its first ever ‘Tech Hub’ in Manchester. This will create 50 new technology jobs across Manchester and London.
One in three Brits believe they are addicted to online shopping and one-click buys from major retailers, with one in twelve admitting to making purchases every day, according to research conducted by iZettle involving 2,000 people.