The retail technology week in numbers
Do you like numbers? Do you like retail technology? Then this is the article for you.
8…The John Lewis Partnership will not reopen eight John Lewis stores as it looks to “secure the business’s long-term future and respond to customers' shopping needs”.
50%…During the coronavirus outbreak, Millennials have been receiving around 50% more online deliveries every week than the over-55 baby boomer generation, according to research by parcel locker firm InPost.
€120 million…Nauta Capital has launched its fifth fund, Nauta Tech Invest V, with an initial closing of €120 million.
$20 billion…Loss of sales caused by false declines cost online retailers at least $20 billion during 2019 in the world’s biggest e-commerce markets, according to research conducted by Oxford Economics on behalf of Checkout.com.
£5 million…UK-based online marketplace OnBuy has closed a £5 million Series A funding round.
This involved VC firm Fuel Ventures and also Nathalie Gaveau, the co-founder of Priceminister, a French marketplace that was acquired by Rakuten.
32% of UK retail workers have experienced physical abuse during the coronavirus outbreak, according to research from VoCoVo.
197…Digital transformation in the retail sector is now unstoppable. That’s according to a new study released by Fujitsu involving 197 ICT decision makers from all sizes of retail organisation, across Australia, China, Germany, Japan, Korea, Singapore, Thailand, the UK and the USA.
15%…Only 15% of global retailers’ supply chains are prescriptive or autonomous, according to a new report from Blue Yonder and WMG, University of Warwick.
78%…The coronavirus outbreak has accelerated the sustainability agenda for both consumers and consumer product organisations, according to research from the Capgemini Research Institute.
This sought the views of 7,500 shoppers and 750 senior executives in various sub-sectors of CPR. As a result of the pandemic, 78% of the former believe that companies have a larger role to play in society.
$98…Walmart is set to unveil a new subscription service later this month.
Called Walmart+, the Amazon Prime competitor will cost $98 a year and include perks like same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early access to product deals.
£20 million…Wagestream, which gives workers early access to their earned pay when they need it, has raised £20 million as part of a Series B funding round.
330…US startup AiFi says that it is on track to deploy 330 new and retrofitted autonomous stores by the end of 2021.
$2.65 billion…Uber is to acquire food delivery rival Postmates in a $2.65 billion, all-stock deal.
38% of UK shoppers abandon an online purchase at least once a week, with 21% claiming to do so more regularly, according to research by Klarna and BigCommerce.
2,250…Aldi Nord has selected Fiserv to enable in-store card payments across its German market.
The retailer decided at the end of June to transfer its entire in-store acquiring volume in Germany to a new provider.
Within four days, Aldi Nord and Fiserv reached an agreement, and Fiserv began processing payments for more than 2,250 locations in the country within 12 hours of a deal being signed. This is being done via TeleCash from First Data, now Fiserv.
30…Dutch startup Crobox has emerged as the winner of the LVMH Innovation Award 2020. It was one of 30 startups shortlisted for the fourth edition of its challenge.
35%…The British public’s perception of retail staff has improved since the coronavirus pandemic began, according to research by the BRC and Opinium.
2,002 people were surveyed between 26th and 29th June, with 35% saying their view of retail employees has improved, compared with 3% who say it’s got worse (62% stayed the same or unsure).
200…Pricer has landed a deal from NorgesGruppen to install its in-store digital communication system in a further 200 stores.
