RTIH brings you the retail technology week in numbers
Do you like numbers? Do you like retail technology? Then this is the article for you.
2…Go Instore has added two new services to its live video offering: Broadcast_LIVE and Appointments.
90% of UK parents think home schooling amid the coronavirus pandemic will have long-term implications for their children’s development, according to research from Curry’s PC World.
63…Sainsbury’s has introduced a system which allows customers to recycle Polypropylene (PP) film found in several household plastic products.
A trial is underway in 63 of its supermarkets across the north east with full roll-out expected by the end of this year.
1 million…DS Smith is working with Asda to replace one million pieces of unnecessary plastic in 2021 from its PoS displays.
52.1%…China is set to become the first country in which e-commerce surpasses 50% of retail sales, according to eMarketer.
It forecasts that 52.1% of the country’s retail will come from online in 2021, up from 44.8% last year. For almost every other country in the world, this datapoint remains far out of reach.
457 million consumers bought from a Shopify store in 2020.
€10 million…Camile Thai Kitchen is set to open 15 new locations across the UK and Ireland with the creation of over 300 full and part time jobs.
It is also planning to raise €10 million as part of its plans to move ahead with “a technology-centric strategy”.
The chain claims to be the first in Europe to deliver its menu by drone and has plans to automate its kitchen operations with robotics in 2021.
11…Crocs has deployed Aptos’ cloud-based customer engagement and merchandise management solutions.
The project spans 11 countries (United States, Canada, Singapore, Australia, France, Austria, Netherlands, Germany, South Korea, Japan and China).
$1 billion...US-based autonomous checkout solution provider, Standard Cognition, has announced a $150 million Series C round led by SoftBank.
This puts the venture’s valuation at $1 billion+, making it tech/retail's newest unicorn.
11…After deploying its first Simbe Robotics’ Tally robot in 2019, Carrefour UAE is now adding 11 more across select stores to support with stock management and control.
1…Iceland Foods has joined The Climate Pledge, a public commitment to “go green” launched by Amazon and Jeff Bezos in 2019.
The British supermarket is the first food retailer to sign up. It was one of 20 new signatories announced this week.
15,000…Ahold Delhaize, the third largest grocery retailer in the US, is to build an automated e-commerce fulfilment centre in Philadelphia.
This will be able to prepare 15,000 online delivery orders a week for customers of its Giant Direct business.
The facility will leverage AutoStore microfulfilment technology via a Swisslog solution, and will also tap manual picking capabilities courtesy of Ahold Delhaize’s Peapod Digital Labs initiative.
$21 million…Artificial Intelligence startup Peak has announced a $21 million Series B funding round led by VC firm Oxx, with participation from existing investors MMC Ventures and Praetura Ventures, and newbie Arete.
29% of UK consumers have changed their diet since the start of the coronavirus pandemic.
That’s according to a report commissioned by PwC’s Strategy& division in association with Google and food technology startup Spoon Guru and involving over 2,000 people.
36% of American consumers are interested in trying on clothes using augmented or virtual reality to avoid physical fitting rooms during the coronavirus outbreak, according to research from Contentsquare.
16% and 15%…Skinnydip London says that it has used Nosto technology to increase average online store visit value by 16% and sales conversions by 15%.
324…Einride and Lidl Sweden are commencing operation of a warehouse to store electric transport system that has been in development since April of last year.
All electric trucks will operate from Rosersberg outside Stockholm.
Equipped with Einride's control and monitoring software, they will travel 324 km per day, making deliveries to five stores in the Stockholm region, with an average of 104 pallets per store.
1…Supermarket chain Makro is building Uzbekistan’s first charging network for electric vehicles.
This follows on from a pilot at one of its stores in the capital city of Tashkent.
$50 billion …South Korean e-commerce big hitter, Coupang, is gearing up for what is set to be the largest initial public offering by a foreign company in the US since Alibaba’s debut in 2014.
Coupang is reportedly eyeing a market valuation of more than $50 billion following its listing on the New York Stock Exchange.
£1 billion…Online furniture retailer Made.com is looking into a stock market flotation that would value it at more than £500 million and possibly as much as £1 billion.
350…Norwegian grocery retailer, NorgesGruppen, is to deploy Pricer’s electronic shelf labels system across 350 of its stores.
10%…Irgen Retail Management, a developer of shopping centres, retail parks and outlets in Italy, has selected Coniq’s geo-loyalty solution, IQ Connect.
It is looking to increase turnover by 10% this year at Cilento Outlet Village when normal footfall returns after Covid-19.
$250 million…Buy now, pay later venture Sezzle has signed a $250 million funding facility with Goldman Sachs Bank USA and Bastion Funding IV as it looks to expand in the US and Canada
£2.9 million…Private equity firm IW Capital has completed a £800,000 investment in the latest round of a £2.9 million raise for scan, pay and go venture, Ubamarket.
