The five most important retail tech news stories of the week
It’s Friday, the week is nearly done, so let’s kick back and reflect on another eventful week for the retail technology space. Here's your briefing on some of the most important and interesting stories from the past five days.
1. John Lewis looks to reinvent department store experience
John Lewis & Partners and Waitrose & Partners are launching a concept store which aims to embrace changes in the way Brits shop.
2. ‘We need even more progress on Walmart.com’, Doug McMillon
Despite reporting strong Q3 FY20 e-commerce sales last week, CEO Doug McMillon told CNBC: “We’re making progress on many fronts, but we need to do more and move faster, especially with our assortment including marketplace.”
3. iZettle unveils eco-friendly Ocean Reader
iZettle has launched the Ocean Reader, pitched as the world’s first card reader made from recycled ocean plastic.
4. Record breaking Black Friday UK on the cards
British shoppers are set to spend a record breaking £8.57 billion this Black Friday weekend, according to research, commissioned by VoucherCodes.co.uk and carried out by the Centre for Retail Research (CRR).
5. PayPal adds Honey to its arsenal
PayPal is set to buy Honey Science Corporation, the company behind shopping and rewards platform Honey, for $4 billion.