The retail technology week in numbers

Do you like numbers? Do you like retail technology? Then this is the article for you.

3…Benetton Group has re-partnered with retail market intelligence venture EDITED as part of its upcoming three-year strategy.

With real-time data on over 140k retailers and brands, EDITED’s platform will allow the retailer to benchmark itself against key competitors.

It uses AI, analytics, and image and text recognition to understand pricing, discounts, assortments and trends across the apparel, beauty and homeware industries.

39%…UK online retail sales in November increased by 39% year-on-year, according to IMRG and Capgemini research involving over 200 retailers.

$95 million…GoCardless, a UK FinTech venture that specialises in recurring payments, has announced a Series F funding round of $95 million, led by Bain Capital Ventures.

It is now valued at over $970 million. The company will use the funding to accelerate its Open Banking strategy, which will include expanding its offering into the e-commerce market.

We're thrilled to announce that we have raised $95 million in a Series F led by @BainCapVC 🎉

💰 = accelerate our investment in open banking.

Find out more → https://t.co/9sxdCAXNKf #recurringpayments #openbanking pic.twitter.com/GFJBOUCUVN
— GoCardless (@GoCardless) December 17, 2020

$3.1 trillion…M-commerce payments will reach $3.1 trillion in 2025, from $2.1 trillion in 2020, according to Juniper Research.

The coronavirus pandemic’s massive boost to digital wallet services in the offline arena with OEM Pay has been a key driver here.

650…Online furniture retailer Made is to give its staff a stake in the business.

All 650 employees, apart from senior management, will receive the same number of share options vesting in equal tranches over the next three years.

The move is in recognition of their work during the coronavirus pandemic.

4,000…New research from buy now, pay later specialist Klarna shows how shopping behaviour has changed over the past 12 months.

The company surveyed over 4,000 consumers across Europe, the UK, the USA and Australia and identified five key shopper tribes and subtle differences between the priorities and preferences of each.

These are: Family Firsts, Aspirational Achievers, Here and Nows, Savvy Fashionistas and Conscious Consumers.

£3.1 billion…Supermarkets and their customers will face a £3.1 billion tariff bombshell on food and drink if the UK leaves the EU customs union and single market without a free trade deal, according to the BRC.