The retail technology week in numbers
Do you like numbers? Do you like retail technology? Then this is the article for you.
$20 million…Weezy has raised $20 million in Series A funding to expand its grocery delivery service across London and the UK.
$18 million…Nacelle, a US-based headless commerce platform for online retailers, has bagged $18 million in Series A funding.
7 million…Tesco delivered over seven million online grocery orders, containing more than 400 million individual items, during the Christmas period.
4…Online fashion retailer Asos will begin automation of its US fulfilment centre this year. It has also signed a lease for a fourth fulfilment centre, situated in Lichfield, UK.
Asos made the announcements as it reported a surge in sales during the four months ending in December.
$300 million…PayTech venture Rapyd is basking in the glow of a $300 million Series D financing round led by Coatue.
37%…UK online sales growth came in at +37% year on year for December, driving the annual figure to a 13 year high, according to research from IMRG and Capgemini.
The coronavirus outbreak sparked high street closures and massive restrictions on the consumer way of life, explaining why the full year growth figure of +36% (YoY) significantly outperformed the start of year prediction of +7.8% (YoY).
25.2% …Pureplay Very.co.uk increased retail sales by 25.2% year-on-year in the seven weeks up to and including 25th December to record its best ever Christmas trading period.
$14.2 million…Jumbotail, an India-based online wholesale marketplace for grocery and food items, has raised an additional $14.2 million.
$95 million…London-based PayTech venture Curve has announced a $95 million Series C round.
0.3%…Total UK retail sales declined 0.3% in 2020 compared with 2019, according to research by the BRC and KPMG.
This is a record low (records began in 1995). Food growth was 5.4%, whilst non-food decline stood at 5% for the year as the coronavirus outbreak hit many retailers hard.
68% of Brits shopped online for their home at least once a month last year, according to research from Made.com.
2.2 billion…The total number of QR code payment users will exceed 2.2 billion in 2025, up from 1.5 billion in 2020, according to Juniper Research.
$2 billion…Bakkt, the cryptocurrency platform majority owned by Intercontinental Exchange, is in advanced talks to go public through a merger with VPC Impact Acquisition Holdings, Bloomberg reports.
The transaction is set to value the combined entity at more than $2 billion, according to anonymous sources.
43.4%…Total year-on-year UK retail footfall for 2020 fell by 43.4%, according to the BRC and ShopperTrak.
