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.
29 million and 50…eBay UK has launched a new hub on its marketplace, designed to make shopping from small businesses that give back to local communities, more accessible.
eBay for Change connects over 29 million eBay shoppers with up to 50 ventures at launch, with plans to scale. They will be able to access products from clothes to homeware, and jewellery to collectables.
3…Billie Eilish, H.E.R., and Kid Cudi are set to star in the Prime Day Show, a three-part musical event presented by Amazon Music in celebration of Prime Day (which this year will take place on 21st and 22nd June).
$3.2 billion…Chinese online retail giant JD.com’s JD Logistics subsidiary listed on the Hong Kong Stock Exchange on Friday, 28th May.
It raised $3.2 billion in the Asian financial centre's second largest IPO this year.
JD Logistics Chief Executive Yu Rui said: "We are going to use the funds raised from the IPO to further improve our networks, including in lower tier and suburban areas in China, and the infrastructure of overseas markets.”
£5 million…SellersFunding, which provides financial solutions for sellers on Amazon, Shopify, Walmart and other marketplaces, has provided Cath Kidston with a £5 million credit line over a period of three years.
This comes as the British home and fashion brand pivots its traditionally brick and mortar business to a digital first model amid the Covid-19 outbreak.
$1.6 billion…Etsy has signed a definitive agreement to acquire fashion resale marketplace Depop for $1.6 billion.
2…Walgreens has announced two startup challenges in collaboration with retail and consumer investment and innovation firm, True.
These will run until 25th June. Successful applicants will be asked to pitch to Walgreens.
$30 million…Divido, a startup whose white label platform connects lenders, retailers and channel partners at the PoS, has announced a $30 million Series B funding round.
25%…Mulberry reports that, by leveraging Google Cloud’s data analytics capabilities to generate customer insights and streamline delivery processes, it has boosted sales by up to 25% during the Covid-19 pandemic.
7%…By 2024, cash will account for just 7% of in-store purchases in the UK, down from 27% in 2019, according to a new report by Worldpay from FIS.
This found that cash usage for in-store purchases in the country declined to 13% of total purchases last year, fuelled by the Covid-19 pandemic.
£1 billion…Online furniture retailer Made.com has confirmed its intention to float on the London Stock Exchange.
There have been rumours about the pureplay, which was co-founded by entrepreneur Brent Hoberman, making the move since February, but it had thus far declined to press the button.
An IPO will see some existing investors sell shares but also raise new money, and looks set to value the business at £1 billion.
£10 million…PayTech big hitter Curve is laying claim to the largest ever equity raise on Crowdcube, hitting nearly £10 million in funding from 11,795 investors.
SEK 140 million…Pricer has announced a new framework agreement with Coop Norge to supply and install its electronic shelf labels.
The deal, which was signed by Pricer’s Norwegian reseller, StrongPoint, runs from January 2021 until December 2022. The estimated value is SEK 140 million, excluding the cost of installation and future technical support.
$277 million…Ahead of an IPO, Indian e-commerce logistics startup, Delhivery, has announced a $277 million funding round led by Fidelity.
268,000…Very Assistant, Very.co.uk’s artificial intelligence-powered chatbot, has become the pureplay’s largest customer service channel.
Previously only available via the app, it now answers 268,000 customer queries a month, having been launched on the Very website in September 2020.
Very Assistant helps people with the likes of tracking orders, changing account details, and reminding them of their next account payment date.
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Southeastern Grocers, parent company of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is deployi… https://t.co/Q5En8j6cEc -
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RTIH presents the retail technology week in numbers, including @CovariantAI @RetailTechShow @DennysDiner… https://t.co/WURUUgdCr0
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