The retail technology week in numbers
Do you like numbers? Do you like retail technology? Then this is the article for you.
€1.9 billion…German payments firm Wirecard has filed for insolvency. It comes after the company last week disclosed a €1.9 billion hole in its accounts.
£500,000…Retail analytics startup Uncrowd has completed a £500,000 seed funding round with the announcement of Phil Barden as an angel investor in its Friction/Reward Indexing platform.
10…Engenie has teamed with real estate specialists, Brookhouse Group, to install electric vehicle charging at ten retail sites across the UK.
The partnership, pitched as the largest of its kind in the UK, includes such retailers as Sainsbury’s, Tesco, Argos, Next, Aldi and M&S.
$5.5 billion…UK-based PayTech venture Checkout.com has tripled its valuation to $5.5 billion following a $150 million Series B funding round.
£100 million…THG Ingenuity, the technology services division of online retailer The Hut Group, has inked partnership agreements with Elemis, PZ Cussons Beauty, Burt’s Bees, Nuxe, By Terry and Revolution Beauty.
The deals are collectively worth more than £100 million, the company says.
5…Online electricals retailer AO has seen five years of consumer behaviour change accelerate into five weeks during the coronavirus outbreak.
22…John Lewis has announced plans to open nine more stores on Thursday, 25th June, following the reopening of an initial 13 locations last week.
RMB269.2…Chinese e-commerce giant JD.com reports a transaction volume on its platform of RMB269.2+ billion for the 17th 618 Grand Promotion event, up more than 33.6% year-on-year.
63%…New research from the BRC and Opinium highlights how the coronavirus is fundamentally changing our experience of shopping.
Respondents feeling comfortable about making purchases in-store rose to 63% for groceries (20% uncomfortable) and 41% for non-groceries (17% uncomfortable). This is up from 51% for groceries and 25% for non-groceries at the start of the May.
29%…As a result of the coronavirus outbreak, 29% of US retailers plan to close their physical locations to go online only, while 14% intend to downsize, according to research from Raydiant.
