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.
$85 million…Online premium fashion platform, Lyst, has announced an $85 million fundraising backed by the likes of Fidelity International and C4 Ventures.
10.2%…Despite the easing of coronavirus restrictions, the UK online retail space grew in April, with sales rising 10.2% YoY, according to research by IMRG and Capgemini.
Some impact of non-essential physical retailers reopening was, however, evident in the month on month numbers, which were down 12%.
The results are below the three, six and 12 rolling averages of 50.4%, 50.1% and 49.8%.
1…Data optimisation startup Clekt celebrates its first birthday this month.
700 and 120…Secret Sales says that over 700 individual brands across 120 fashion retailers and designer houses have gone live with the venture in its first 12 months of trading.
Many of these, it adds, have appointed the e-commerce marketplace as their sole or primary clearance channel in the UK.
45% of consumers expect online orders to be delivered within two days, according to research by GreyOrange.
The company, which specialises in the automation of fulfilment operations, polled 1,500 consumers from the UK and Benelux.
It found that the coronavirus pandemic has accelerated consumers’ demand for immediacy when it comes to delivery options, and that poor and slow options are impacting their choice of retailer.
$41 million…Zencargo, a digital first freight forwarder which works with the likes of Vivienne Westwood, Swoon Furniture, and Farfetch, has raised $41 million in Series B financing.
$11 million…3D printing technology powered startup Remedy Health has raised $11 million in Series A funding, bringing its valuation to $71.6 million.
$160 million…Acquco, a platform focused on acquiring third-party sellers on Amazon, has closed a $160 million Series A round.
26…Southern Co-op customers can now get home deliveries, provided via the Snappy Shopper app, in more locations after a trial in Chichester and Portsmouth.
Its service is currently available from 26 Southern Co-op convenience stores following a pilot phase which took place from September to January.
$112 million…Shipping software platform provider parcelLab has secured $112 million in Series C funding led by Insight Partners.
550,826,378…There were around 550,826,378 new Google Play Store downloads globally for food and drink apps between the beginning of March 2020 and April 2021, a 33% year-on-year increase. That’s according to research by App Radar.
11%…Millennials are more likely to shop at physical stores following the reopening of non-essential retail in England on 12th April, according to research by Adyen.
The PayTech big hitter surveyed 1,682 English consumers. 35% said they visited a non-essential retail outlet in the first week since stores re-opened. 18–34-year-olds were 11% more likely to do so than older shoppers.
1 million…Starship Technologies says that its autonomous delivery numbers have quadrupled globally since the beginning of the Covid-19 pandemic, and its service is now available to one million people.
49%…UK retailers have exceeded 2020 carbon reduction targets, according to data released by the British Retail Consortium.
The shows that carbon emissions have fallen by 49% since 2005, against a target of a 25% absolute reduction. Meanwhile, carbon emissions in stores and store deliveries fell 46% and 84% respectively (when controlled for growth).
62% of UK shoppers believe they will do most of their shopping online a year from now, according to research by Klarna involving 1,022 people.
5%…Boxed, a New York-based online retailer that sells and delivers bulk sized groceries, has teamed with Lolli to give users up to 5% Bitcoin back on purchases.
40%…With the easing of coronavirus restrictions on retail and some hospitality on 12th April, UK consumers have been returning to their local high streets, shopping centres and retail parks.
But it is unlikely we will see a return to pre-pandemic levels of footfall anytime soon.
According to research from BRC and Sensormatic, total UK footfall decreased by 40% in April (Yo2Y), with a 28.7 percentage point improvement from March. This is above the three month average decline of 59.2%.
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