The retail technology week in numbers
$5.95…US retailer Kroger is teaming with robotics venture Nuro to test driverless next and same day grocery delivery at a Fry's Food Store in Scottsdale, Arizona. Delivery will cost $5.95 with no minimum order. It will only be available at addresses within the store's zip code of 85257.
£8 million…Last mile delivery startup, On the dot, has received an additional investment of £8 million from its parent company, City Sprint Group.
36%...There is significant appetite for embracing a DevOps approach to services in the retail sector, according to research by Claranet. Despite this, there are still hurdles to overcome, with a greater emphasis on cloud usage and automation needed.
The research analyses the survey results of 750 IT professionals from across Europe. It found that 36% of retailers have already made the transition to a DevOps approach, with a further 43% expected to switch over the next two years.
$176 billion…Asia’s online grocery sector is set to increase by $176 billion (194%) to 2022, making it the fastest growing channel in the region, according to IGD. It forecasts that online will account for 6.9% of total grocery retail sales in Asia by 2022, up from its current market share of 3.2%.
35% of Brits would not trust an organisation using blockchain technology to keep their information secure as they don’t know what it is, according to new research from IP EXPO Europe involving 1,000 people.
20%...Ikea opened its first Indian store in Hyderabad last week.
And at least 20% of its delivery fleet will be electric rickshaws. The three-wheeled vehicles, which are used widely throughout India, will be charged at the store, running off of solar power harvested from 4,000 panels atop the building roof. Any excess energy gathered will be used for the likes of lighting.
$2.3 trillion…Alternative payment methods such as mobile and digital wallets are steadily displacing traditional payment methods in the Asia-Pacific (APAC) e-commerce market, according to GlobalData.
The company forecasts the sector to grow from $1.6 trillion in 2018 to $2.3 trillion in 2022. According to its latest Consumer Payments Insight Survey, alternative payments went from 49% in Q1 2017 to account for 51% of the total e-commerce transaction value in APAC in Q1 2018. At the same time, payment cards, bank transfers, and cash/cheques accounted for 28%, 15%, and 6% respectively.
3.8 billion…Juniper Research forecasts that mobile merchant transactions by unbanked individuals will grow from 1.8 billion per annum in 2018 to 3.8 billion by 2023.
Two-thirds of UK consumers see fraud as an inevitable risk when shopping online, according to Paysafe research.
The company surveyed 5,056 consumers from the US, UK, Canada, Germany and Austria and found that seven in ten UK consumers now prefer shopping online rather than going to physical stores, and 68% shop online much more than they did a year ago. One third have experienced payment fraud in the past year, up 6% on 2017.
100 million…Amazon’s sales nearly tripled during Prime Day 2018, compared to average daily sales the week leading up to it, according to Profitero. More than 100 million products were sold during the 36-hour promotional event.
$1.5 billion…Hong Kong-based private equity firm GSR Capital is backing US online retailer Overstock’s blockchain subsidiary tZERO.
GSR will buy $30 million worth of tZERO tokens from Overstock and will аlso invest up to $270 million in the company at a valuation of $1.5 billion, giving it an 18% stake in tZERO.