The retail technology week in numbers
Do you like numbers? Do you like retail technology? Then this is the article for you.
37% of Brits signed up to at least one new subscription service during the first coronavirus lockdown. And three out of intend to continue their subscriptions post-lockdown, according to research by YouGov on behalf of The Kite Factory.
58%…The Very Group has been speaking to Very.co.uk customers ahead of a festive period that will be dominated by the coronavirus outbreak.
58% plan to do most of their Christmas shopping online. But while 53% will spend the same amount this year, a third will tighten their belts following a year of disruption.
16…Ted Baker, Phase Eight, Mint Velvet, Jigsaw and Hobbs are among 16 brands participating in a #SaveShops campaign led by OneStock.
The aim is to increase awareness of in-store services that support a safer shopping experience for customers during the coronavirus outbreak, while helping to safeguard millions of retail jobs throughout the Christmas period.
£3.3 million…E-commerce deals personalisation platform RevLifter has closed a £3.3 million Series A round.
This was led by Gresham House Ventures and Maven Capital Partners. It builds on a a seed round of £2.3 million in July 2019.
1%…Bitcoin rewards startup Lolli has announced a partnership with eBay ahead of Black Friday and Cyber Monday. Its users can now earn 1% back in Bitcoin when they shop from eBay’s marketplace.
1 in 5…Just one in five small businesses in the UK are planning to do business overseas in the next year, according to research by Alibaba Group.
The Chinese e-commerce giant says that companies risk missing out on the potential of export to support their growth and recovery through the Covid-19 pandemic, due to common misconceptions related to cost, complexity, and even cultural barriers.
39.7% of UK consumers intend to spend during the 2020 Black Friday period, according to research by GlobalData.
The company surveyed 2,000 Brits and found that Black Friday is an important occasion to purchase Christmas gifts for those who have been hardest hit by the economic impacts of Covid-19.
300…Co-op is expanding its use of autonomous home delivery in partnership with Starship Technologies.
Co-op plans to use around 300 of Starship’s robots by the end of 2021 as it looks for more towns and cities to operate autonomous deliveries after launching in Milton Keynes, and now Northampton.
£26.80…UK ATM cash machine network, LINK, and PayPoint, an in-store payment services and ATM provider, have begun a trial enabling consumers to take out cash in smaller shops without paying a fee.
More than 1,500 cash withdrawals and 165 balance enquiries have thus far been made with an average withdrawal size of £26.80.
£1 million…UK-based online marketplace OnBuy has launched an advertising campaign with ITV to increase awareness with consumers ahead of its Black Friday sale and the Christmas period.
The venture has invested £1 million into the campaign that aired for the first time on ITV this week.
4…Nikki Baird (VP of Retail Innovation at Aptos) says these four retail trends were already on the rise pre-Covid-19, and now the pandemic will accelerate their adoption in 2021.
50…Iceland has marked its 50th anniversary with a documentary charting the rise of the UK retailer from its first store in Oswestry.
36% of Americans will shop less in physical stores this holiday season than in 2019, according to research from autonomous checkout venture Standard Cognition.
85% of Black Friday UK deals could be found at the same price or cheaper earlier in the year, according to research by consumer group Which?
130…Aldi UK has expanded its home delivery trial with Deliveroo to nearly 130 stores.
1 billion…Brits will buy 145 million extra presents online this year, taking the UK total to over one billion for the first time, according to research by DS Smith.
£15 million…Co-op has launched an augmented reality experience to celebrate the £15 million its members have helped raise for more than 4,500 local causes across the UK.
$125 million…E-commerce fraud prevention venture, Forter, has raised $125 million in Series E funding, giving it a valuation of over $1.3 billion.
$118 million…German startup SellerX has closed a seed round of $118 million.
