The retail technology week in numbers
73% of online consumers in the UK and US still prefer to shop for clothes in-store, according to research by GlobalWebIndex involving over 300,000 interviews globally.
$20 million…Product visualisation software platform venture, Threekit, has closed a $20 million Series A round led by Shasta Ventures.
5…Running shoes and clothing brand ASICS has announced the five growth stage startups selected to be part of its TENKAN-TEN development programme. These are Fun With Balls, Waybetter, Racecheck, MATCHi and OME Health.
One million…More than one million orders were placed and paid via Tmall Genie’s voice-shopping feature during Alibaba Group’s Singles’ Day event.
25%…The latest survey of UK shopworkers by Usdaw shows that violence has increased by over 25% in the last year. This is despite BRC figures highlighting record spending of over £1 billion by retailers on crime prevention.
$200 million…Australian buy now, pay later venture Afterpay Touch has landed $200 million from Coatue Management.
4.57%….Oasis is using social proof messaging from Taggstar on its UK website to validate shoppers’ buying decisions. Since adding the software in July 2019, it reports conversion rate uplift of 4.57%.
2-3%…IMRG is predicting UK online retail growth of just 2-3% during the Black Friday period.
5%…Alibaba has partnered with Lolli, enabling shoppers to earn 5% back in Bitcoin.
$10 million…Loop, a US startup that helps brands handle returns from online purchases, has closed a $10 million Series A funding round led by FirstMark Capital and also featuring Lerer Hippeau and Ridge Ventures.
$38.4 billion…Alibaba's annual Singles’ Day has notched up $38.4 billion in sales.
RMB 204.4 billion…JD.com has laid claim to a record breaking Singles’ Day. Total transaction volume weighed in at RMB 204.4 billion for the 11-day sales event (held from 1st-11th November).
50,000…JD.com has launched JD E-SPACE, a 50,000-square metre shopping destination in Chongqing, China.
7 million…Almost seven million Asda shoppers could abandon the supermarket over their treatment of workers, according to research by Survation for the GMB union.
$3.3 billion…Alibaba Group has invested $3.3 billion in Cainiao Smart Logistics Network, increasing the Chinese e-commerce giant’s stake in its shipping affiliate to 63% from 51%.
4.9%…UK high street retailers were hit hard in October, with the wet and wintery weather putting off many consumers from venturing out to the shops, according to research from the BRC and Springboard.
The drop in overall footfall of -3.2% was the worst result for October in seven years. High street footfall, meanwhile, saw a far steeper rate of decline than September, at 4.9%. This was steeper than the three-month average of 2.8%.
£7.99…Tesco's new Clubcard Plus offering, which gives perks such as discounted shopping for a £7.99 a month fee, has launched.
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