The retail technology week in numbers
Do you like numbers? Do you like retail technology? Then this is the article for you.
$96.1 billion…Amazon’s third quarter revenues rose to $96.1 billion from $70 billion in the same period a year earlier.
4…Walmart is to use four US stores as test centres in order to find solutions that help its physical locations operate as both shopping destinations and online fulfilment centres.
Two are up and running and two more are in the pipeline.
£1 million…Fashion and lifestyle brand, Hush, says that it has broken its daily sales record, with transactions exceeding £1 million for the first time following the roll-out of a a new mobile first e-commerce platform.
£6 billion…Brits are set to spend around £6 billion on Black Friday this year, according to research from shopping comparison site, finder.com.
27,500…Brits are staying loyal to convenience stores during the coronavirus outbreak despite having the freedom to shop further afield, according to research by PayPoint.
This is based on data collated from its UK network of 27,500 local convenience retailers from July to September.
85% of fast moving consumer goods (FMCG) companies have had their brand negatively impacted due to an association with a social media influencer, with 24% of these claiming to have been adversely affected multiple times. 25% report losses between $100,00-$250,000 from these experiences, according to a report by Duff & Phelps and Kroll.
60% of people plan to have completed their Christmas shopping by the end of November, research by OnePoll on behalf of John Lewis Partnership has found.
$121 million…FreshToHome, an Indian e-commerce startup that sells fresh fish and meat, has raised $121 million in Series C funding.
500…Superdry is tapping Yext tech to deliver official answers to inquiries about more than 500 of its stores and franchises in the United Kingdom, Ireland, Europe and United States.
$12 million…Clothing rental venture GlamCorner recently announced a $12 million Series B funding round involving Treis, Airtree Ventures, Giant Leap Fund, Marshall Investments and Partners For Growth.
45% of consumers in nine countries use contactless payment with more than two-thirds having two or more cards stored in their digital wallet.
That’s according to an ABI Research survey of 2,000 people in the US, China, Japan, South Korea, UK, Spain, France, Germany and Italy, carried out behalf of the the NFC Forum.
36%…Brits are actively seeking out more sustainable products and services and rewarding environmentally friendly businesses amid the coronavirus pandemic, according to research from E.ON.
The company surveyed 2,000 people and found that 36% are buying products from companies with strong environmental credentials. A further four in five say they are planning to purchase goods and services from venture they know have made a concerted effort to be eco-friendly.
1…Amazon Studios’ Borat Subsequent Moviefilm, the company’s first original global tentpole, was streamed by “tens of million of customers” during its debut over the weekend, resulting in huge engagement across the Prime Video platform.
60…Pets at Home is tapping OneStock order management system tech for the launch of a 60-minute Click and Collect service.
2…Travel retailer Dufry is trialling a Scan, Buy, Fly mobile self-checkout solution with MishiPay at two stores in Zurich airport.
Customers can scan and pay for items using their phones, leaving them free to exit the store without any need to queue or wait at a conventional checkout. They will also be able to earn and redeem RED loyalty benefits through the MishiPay app.
4…Retailers will increasingly invest in digital technologies, including digital assistants, ambient commerce, artificial intelligence, automation and advanced analytics in a post Covid-19 era.
That’s according to a new report from Frost & Sullivan, entitled The Four Ps of the Future of Retail (the four ps being future retail place, future points of commerce, future people, and future processes).
30…For the first time in its 30-year history, Sky is launching bricks and mortar retail shops across the UK. The first location will open in Liverpool on 26th October, with more to follow in 2021.
500…Marks and Spencer is increasing capacity at its online distribution centre at Castle Donington, as it prepares for high Christmas demand during the coronavirus outbreak.
It is hiring 500 extra seasonal staff, which comes on top of the creation of 400 permanent roles in July.
$10 billion…Retailers globally spent over $10 billion on technology to enable home working and enhance their e-commerce channels during the first three months of Covid-19. That’s according to the 2020 Harvey Nash/KPMG CIO Survey, which is based on over 4,200 responses.
Sign up for our free retail technology newsletter here.
