The retail technology week in numbers

The retail technology week in numbers

13 French exhibitors will make up the only national pavilion (stands F200 and F208) at Retail Business Technology Expo (RBTE), set to take place in London on 2nd and 3rd May.

100 millionAmazon Prime now has more than 100 million members, CEO Jeff Bezos revealed in his annual letter to shareholders. 

1,000The Home Depot will this year hire around 1,000 new technology professionals in Atlanta, Austin and Dallas. These will support initiatives related to the retailer’s $11.1 billion, three-year strategic investment plan. 

$75 millionNet-a-Porter Founder Natalie Massenet has announced the launch of a new venture capital firm, Imaginary Ventures

This has been set up with Nick Brown, formerly a partner at 14W Venture Partners, and will invest in “early–stage opportunities at the intersection of retail and technology in Europe and the US”. It has closed its first fund of $75 million which includes investments across the beauty, wellness, food and beverage, lifestyle and fashion sectors.

8,000Starbucks is set to close its more than 8,000 US stores, along with corporate offices, after an incident in which two black men were arrested in a Philadelphia location

450Marks and Spencer is closing its Hardwick distribution centre on Hardwick Grange, near Warrington, putting 450 jobs at risk. It has also appointed DHL to run its new south east DC at Welham Green, Hertfordshire, which is set to open in 2019. 

£18 billionUK retailers are losing out on more than £18 billion in potential sales each year, as British shoppers make a habit of website window-shopping, according to Barclaycard research.

£7.4 billionPrimark has solidified its position as the bricks and mortar retailer defying current convention that online is the answer to all woes. That’s the view of Catherine Shuttleworth, CEO and Founder, Savvy Marketing. She made the claim as Primark's owner, Associated British Foods (ABF), reported that revenue was up 3% to £7.4 billion in the 24 weeks to 3rd March.

80,000 more retail stores could close by 2025, according to a report from UBS.

10,000Victoria’s Secret has signed for its first store in the north east with a 10,000 sq ft space at intu Metrocentre.

$27.2 billionThe artificial intelligence (AI) in retail market is set to hit $27.2 billion by 2025, up from $712.6 million in 2016, according to a report by Research and Markets.

51%...Walmart is in advanced discussions to buy a 51% stake in Indian e-commerce firm, Flipkart.

Vince Cable calls for action on villainous Google, Amazon, Facebook

Vince Cable calls for action on villainous Google, Amazon, Facebook

Yves Saint Laurent Beauté smashes Tmall record

Yves Saint Laurent Beauté smashes Tmall record