The retail technology week in numbers
51%...House of Fraser is on the brink of collapse, with Chinese investor C.banner pulling out of a rescue deal.
The company has released a statement confirming it no longer intends to go ahead with plans to buy a 51% in House of Fraser. It had previously planned to inject £70 million of new capital into the struggling retailer.
£4…Tesco is not letting up in its attempts to get Tesco Pay+ over with its customers, offering an extra Clubcard point for every £4 spent via the mobile app. This will be available until the end of 2018.
$7 million…Computer vision startup, Trigo Vision, says that its technology will be live in the store of a globally renowned grocery chain during the next year.
The venture recently emerged from stealth and bagged $7 million in a seed funding round led by Hetz Ventures and Vertex Ventures Israel. It is taking on the likes of Amazon Go and Microsoft in the frictionless checkout race. The cash will be used to grow its core R&D team and build new applications for its retail automation platform.
£3.42 million…Virtualstock has completed an Enterprise Investment Scheme (EIS) fundraising round of £3.42 million, valuing the company at approximately £69.5 million.
1…US-based autonomous checkout system startup, Standard Cognition, has opened an office in Tokyo, Japan and signed Paltac Corporation, a wholesaler of FMCG products and OTC drugs, as its first customer in the country.
Paltac is also the first customer that Standard has publicly named, although it says that it is installing systems for multiple retailers around the world, including in the US.
10 million…Dixons Carphone has said that a 2017 data breach involved 10 million customers, up from its original estimate of 1.2 million.
$2 trillion…In-store contactless payments will reach $2 trillion by 2020, representing 15% of the total PoS transactions, according to Juniper Research.
40%...The Starbucks Rewards loyalty programme added 1.9 million active members in the US during the retailer’s fiscal third quarter ended 1st July, up 14% year-over-year. Total member spend now accounts for 40% of US company-operated sales. Mobile Order and Pay, meanwhile, represented 13% of US company-operated transactions.
$52.9 billion…Yet another eye watering set of numbers from Amazon, with second quarter sales up 39% to $52.9 billion.