RTIH presents the retail technology week in numbers
Do you like numbers? Do you like retail systems news? Then this is the article for you. Including Shein, Gorillas, Alibaba Group, Tesco, The Body Shop and Instacart.
16…Asda has launched its Rewards loyalty pilot to 16 stores across Birmingham and West Yorkshire. This had previously been tested out with staff members.
$39 billion…PayPal is reportedly exploring a $39 billion acquisition of Pinterest.
50% of UK retailers anticipate a spike in fraud attacks on their businesses in the Q4 shopping period, according to research commissioned by Adyen.
$10 million…kevin., a Lithuanian startup which provides a payment infrastructure for online, mobile, and physical sales, has secured $10 million of capital in a seed funding round.
The investment, which brings the company’s total capital raised to $14 million, was co-led by OTB Ventures and Speedinvest.
$207 billion and 10%…US online holiday sales will hit $207 billion from 1st November to 31st December, setting a new record, according to research from Adobe. This represents a 10% increase from 2020.
94%…Shein is soundly beating fast fashion rivals PrettyLittleThings and Princess Polly when it comes to social media spend, according to research from BrandTotal.
BrandTotal analysed paid ad campaigns by the likes of Shein, Boohoo, Princess Polly, Fashion Nova, PrettyLittleThings, and Zaful across Facebook, Instagram, YouTube, Twitter, and LinkedIn, over a 90 day period, 8th July to 5th October.
In an analysis of paid Share of Voice (SOV), which is defined by percentage of sponsored impressions, Shein won, with 94% paid SOV, compared to 3% for PrettyLittleThings and 2% for Princess Polly.
$350 million…Instacart is acquiring smart grocery cart and instant checkout venture Caper AI.
It is stumping up around $350 million for the startup, in a combination of cash and shares.
Three-quarters of fashion shoppers want retailers to offer more technology solutions, with self-checkout (32%), curbside pickup (26%), and mobile payment compatibility (22%) topping the list, according to research from Avery Dennison and GWI.
£0.01 to £50…PayPoint has announced the UK wide roll-out of its Counter Cash service, which enables anyone to withdraw specific denominations of cash from £0.01 to £50, from participating PayPoint retailer partners.
The offering will initially be targeting areas of the UK with little to no cash access.
$1 billion…Rapid grocery delivery venture, Gorillas, has raised close to $1 billion in a Series C funding round.
This was led by Delivery Hero, and included further investments by existing investors Coatue Management, DST Global, Tencent, Atlantic Food Labs, Fifth Wall, Greenoaks, A*, and new backers G Squared, Alanda Capital, Macquarie Capital, MSA Capital and Thrive Capital.
It comes seven months after Gorillas bagged $290 million in Series B funding, taking its valuation past the $1 billion mark.
10,000, 5,000, 2,000 and 5…UK startup Jisp says that it has reached 10,000 scans, 5,000 taps and 2,000 redemptions in five weeks of a Scan & Save trial with 14 Nisa stores.
The company has been working with such brands as Kellogg’s, Red Bull and Nomad Foods to offer savings on certain products using augmented reality vouchers.
86…Ann Summers, a British retailer specialising in sex toys and lingerie, is now accepting the One4all gift card across its 86 stores.
2,988…Birmingham can lay claim to being home to the world’s largest Primark store. And from next week it will break another record as LEGOLAND Discovery Centre Birmingham opens the doors to the world’s smallest Primark.
This will feature in MINILAND, which is LEGO’s version of the UK’s second largest city and consist of around 2,988 bricks.
1…Tesco has launched its first high street checkout-free store.
As we reported in July, named GetGo, this can be found in High Holborn, on the edge of the City of London.
165…The Body Shop and Instacart have announced a partnership that offers customers same-day delivery from all 165 The Body Shop retail locations in the US and Canada on the latter’s Marketplace offering.
4…US-based autonomous shopping venture AiFi has launched four Zappka stores in Poznan, Krakow, and Warsaw in Poland, all micro-markets in high traffic areas and open 24/7.
Six in ten Gen Zs will do their Black Friday 2021 and Christmas shopping using alternative methods such as Pinterest, TikTok and Alexa, according to research by Brightpearl.
£100…The convenience of contactless payments is outweighing UK consumers’ security concerns, according to research by Worldpay from FIS.
This comes as the UK contactless limit rises to £100.
