The retail technology week in numbers
Do you like numbers? Do you like retail technology? Then this is the article for you.
4,000…Co-op has teamed with Buymie to offer same-day grocery deliveries and personal shopping services across Bristol.
This is the first partnership in the UK for Ireland-based Buymie. Users of its mobile app can select from around 4,000 Co-op products, and choose a convenient delivery slot
$5.5 billion…Panasonic has made an undisclosed investment in AI and supply chain specialist Blue Yonder.
Valuing the company at $5.5 billion, the investment comes via a secondary sale of shares. It builds upon a strategic relationship between the two companies, including a joint venture in Japan that was announced in April 2019.
$190 million…Digital experience analytics venture Contentsquare has announced a $190 million Series D funding round, bringing total funding to date to $310 million.
20%…New research from Riskified shows the extent to which retailers are vulnerable to account takeover attacks.
A survey of 1,000 UK consumers and 121 e-commerce professionals found that 20% of the former have had one of their online shopping accounts accessed without permission in the last year alone.
$4 million…Data analytics and visualisation technology provider, Brytlyt, has raised $4 million in Series A funding from Amadeus Capital Partners and Finch Capital.
$3 billion…Walmart is pulling the plug on Jet.com after acquiring the online venture for $3 billion in 2016.
$10 million…Mobile commerce startup Tapcart has closed a $10 million Series A funding round.
The cash will be used to accelerate adoption of its platform, which has been used to create mobile apps for such Shopify Plus brands as Fashion Nova, Chubbies and Urban Planet.
£5.2 billion…British shoppers are returning £5.2 billion worth of goods bought online each year, according to research from buy now, pay later specialist Openpay.
51%…Many UK retailers are falling to capitalise on Covid-19 related growth in e-commerce due to crippling tech anxiety, according to research from Brightpearl.
The digital operations platform venture polled more than 500 retail firms. It found that 40% have been put off completely from making a technology investment because of the array of software options that are available to them and 51% agreed that they were suffering from ‘tech anxiety’ when it came to software purchases.
22%…Brits are set to make a permanent multi-billion-pound shift to grocery shopping online once the coronavirus outbreak ends, according to research by Ensono.
The company surveyed 2,000 people and found that 22% of those who had never done any online grocery shopping before the coronavirus outbreak are now doing so.
51% of Brits plan to continue new habits such as listening to podcasts, online fitness classes, and regular walking once coronavirus social distancing restrictions are lifted, according to research commissioned by LG Electronics.
57% of Brits are shopping online more than ever during the coronavirus outbreak, with hair clippers, dumbbells and books among the most popular products, according to research from Mastercard.
8…Aldi UK is partnering with Deliveroo to test out grocery home delivery for the first time.
It will offer a rapid delivery service from a store in Nottingham, before extending the trial to seven more stores across the East Midlands in June. It is also considering a roll-out to further locations by the end of 2020.
84.7%…UK footfall decreased by 84.7% in April, due to the mandatory coronavirus lockdown, a record decline for the retail sector, according to research from the BRC and ShopperTrak.
£198 million…Fast fashion retailer boohoo has raised £198 million as it seeks to “take advantage of numerous opportunities that are likely to emerge in the global fashion industry over the coming months”.
24…InPost UK has rolled out its parcel lockers at 24 Lidl stores. This includes sites in London, Birmingham and Manchester and allows shoppers to collect online orders and also send parcels.
