The retail technology week in numbers

The retail technology week in numbers

15 of the UK’s top 30 High Street clothing labels are failing to offer any kind of e-receipt to customers when shopping at their physical stores, according to research from Mailjet.

20% of the top 10 global grocers will use blockchain for food safety and traceability by 2025, according to Gartner.

41.6%Sainsbury's has reported a 41.6% fall in pre-tax profits, weighing in at £239 million, for the 52 weeks to 9th March 2019. Revenue rose slightly to £29 billion, from £28.5 billion last year.

350…Alibaba-owned online marketplace Taobao has teamed with Hangzhou Shunhong to pilot the first Taostyle store at the Hangzhou Kerry Center in China. Plans are afoot to expand the model to more locations “in the near future”.

This currently offers about 350 items from a rotating selection of 20-plus independent clothing brands that sell on Taobao, including Lamps, Roaringwild, Ayuko and THESSNCE. 

$2.2 billion…The Competition and Markets Authority (CMA) has provisionally cleared PayPal’s $2.2 billion takeover of iZettle, concluding that the merged group would still face “significant competition” from the likes of Worldpay and Square. Its final decision is expected by mid-June.

£2 billionArgos has for the first time exceeded £2 billion in sales generated through customers using smartphones and tablets. These shoppers now account for more than 70% of all Argos online sales – making it the retailer’s fastest growing channel – and across Sainsbury’s Group, £4.7 billion sales are now generated online. 

$29 billionKlarna has released its annual financial report for 2018.  

With an average of one million transactions a day on its platform, the company’s total global sales volumes rose by 36% YOY in 2018 to $29 billion. There was also a 31% lift in revenue to $627 million. Adding 25,398 new merchants globally in 2018 - growth of almost 25% compared to 2017 - it now provides payment services to over 130,000 retailers, including Ikea, H&M and its brands (Cos, & Other Stories, Monki, Weekday, Arket), Ticketmaster Europe and Sonos. It also pulled in almost 26 million new consumers last year.

1Amazon is working on free one-day shipping as the default for Prime customers, instead of the free two-day option primarily offered today. 

22Debenhams has announced 22 stores that will close early next year, putting 1,200 jobs at risk.

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Walmart expands partnership with Path Forward

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