The retail technology week in numbers
2,500…The Co-operative Group is working with JDA Software, Tata Consultancy Services (TCS) and Deloitte to revitalise its category management processes as the first phase of a multi-year strategy. This has seen it deploy JDA Category Management solutions to centrally manage a retail range spanning over 2,500 food stores.
£1.54 billion…Brits will spend £1.54 billion online during Black Friday (13.2% up on last year), according to IMRG.
10…Last month's 10 most popular Retail Technology Innovation Hub articles.
6…Toys ‘R’ Us has launched a new e-commerce site in the Middle East, implemented by Astound Commerce.
Launched by franchisee Al-Futtaim in 1995 in Dubai, Toys ‘R’ Us MENA is now present in 19 locations in the Middle East and North Africa region. The sub-platform for its website not only had to combine e-commerce and targeted marketing functionality, but also allow the toy retailer to quickly roll-out a further six sites in other MENA markets over the next five months.
56%...UK retailers are tapping into artificial intelligence solutions at a much slower pace than other industries, according to a new report from Microsoft.
This shows that 56% of UK retail companies are still not using AI into their operations, when compared to 44% of financial services companies and 40% of manufacturers. Of the leaders in the retail sector, around 61% are currently using AI technology.
£491 million…Halloween will be worth £491 million to UK retailers in 2018 (up 2.1% on last year), according to GlobalData.
401…Halfords has invested in bespoke retail displays at 401 stores, allowing it to roll-out the latest in car tech products to customers.
£1 million…Personalised menswear styling and e-commerce service, Thread, has announced the public launch of its equity crowdfunding campaign as part of its recent Series B funding round.
During the campaign’s private phase, Thread reached its £500,000 target in less than one hour and has now raised over £1 million as the campaign opens to the public on Crowdcube.
$227 billion…Ten leading global online grocery markets (including China, the USA and UK) will experience combined growth of $227 billion, at an annual rate of 20%, by 2023, according to IGD.
6.4%...UK online retail parcel delivery order volumes were up 6.4% year-on-year in September, according to IMRG/MetaPack research.
