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 Glovo, Marks & Spencer, Superdry, The Very Group and Gopuff.
850,000…The Very Group, operator of online retailer Very.co.uk, has completed the migration of all clothing and footwear returns to Skygate, its 850,000 square foot automated fulfilment centre in the East Midlands.
$1 billion…Electronics rental platform Grover has raised $1 billion in a mix of equity and asset-based financing.
The Berlin-based circular economy startup says this will allow it to increase circulations from 475,000 to date to five million by 2024.
One in three consumers believe brands are not completely transparent when using terms such as ‘eco-friendly’, ‘sustainable’ or ‘green’ (30%) in their marketing and packaging. A quarter think brands just use such terms to sell products.
That’s according to research from Bazaarvoice, involving 1,100 UK respondents.
$10 million…Bitcoin rewards startup Lolli has raised $10 million in a Series A funding round led by Acrew Capital.
300 and 1,000…On demand delivery venture Glovo has launched Glovo Concepts, a portfolio of delivery only food brands.
These are designed by Glovo and operated by restaurant partners.
More than 300 restaurants, in Glovo’s largest markets of Spain and Italy, are already using Glovo Concepts, with plans to expand and have 1,000+ onboard by the end of 2021, across Romania, Georgia, Croatia, Portugal and Poland.
10…Oxford has become delivery firm DPD's first electric vehicles only city, with nine further UK locations set to be confirmed this year.
$65 million…HappyFresh, an on demand grocery delivery venture based in Indonesia, has raised $65 million in a Series D round.
$105 million…Customer engagement platform startup, Dixa, has announced a $105 million Series C funding round.
$2.5 trillion…Global contactless card transaction values will reach $2.5 trillion in 2021, from $1.7 trillion in 2020, with cards retaining the majority share of overall transaction values at 79% in 2021.
A new report from Juniper Research finds that the coronavirus pandemic has significantly accelerated an existing contactless card usage trend, and says these value increases will be sustained beyond 2021.
35% of online shoppers in the UK will only associate with ‘responsible’ brands, including those that treat staff fairly, source goods ethically, and do not misuse consumer data.
That’s according to research from commerce search and discovery platform Empathy.co.
76%…Hullabalook has released data from its partnership with Dutch furniture retailer fonQ.
The company’s Stickers technology converts retailers’ products into 2D ‘stickers’, which shoppers can select and move around a blank canvas.
Users can explore the full product catalogue, design their space and then checkout with all of their favourite products in one click.
In February 2021, fonQ started testing the technology and launched its Styling Tool. It has now announced a 76% increase in RpU and its plans to expand the solution further.
28,000…Superdry is set to open a global flagship store on London’s Oxford Street, which will act as a hub for both its influencer programme and wholesale customer base.
Opening in the autumn, it will replace the brand’s Regent Street flagship store (which closed last month).
Totalling 28,000 sq ft with sales space across two floors, it will be segmented into five zones to represent the individual collections Superdry now offers.
1 and 78…Marks & Spencer is set to become the first major UK retailer to launch same-day clothing deliveries nationwide.
The move would make M&S faster than competitors such as Asos and Next.
The retailer is also rolling out a new digital Click & Collect option to 78 stores, alongside a mobile friendly returns process.
1.7 million…Global EPoS shipments fell to 1.7 million last year, the lowest level since 2010, according to research from RBR.
However, advanced PoS technology continues to play a key role in retailers’ operations and a gradual recovery is expected.
$1 billion…Rapid grocery delivery startup, Gopuff, is close to raising approximately $1 billion, valuing it at $15 billion, according to media reports.
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