RTIH brings you the retail technology week in numbers
Do you like numbers? Do you like retail systems news? Then this is the article for you. Including InPost, Trigo, Getir, Walmart, Alibaba Group, Farfetch, Marks and Spencer, and Ocado.
28…InPost has announced a new partnership in the UK with Transport for Greater Manchester (TfGM).
With 99 Metrolink stops, TfGM is the second largest local transport network in the UK after the London Underground, with over 5.6 million journeys made each day.
The partnership, which supports TfGM’s green initiative to reduce carbon output, will see up to 28 parcel lockers rolled out at bus and Metrolink stations across Greater Manchester by the end of the year, with 13 already installed.
600…UK-based same day distribution company, CitySprint, is looking to recruit over 600 couriers.
The new hires will support with logistics demand during this year’s peak season and beyond.
18%…The global programmable EPoS market returned to growth in 2021, expanding by 18% according to RBR.
Despite having to navigate ongoing supply chain issues, including a global chip shortage, vendors delivered more than two million terminals during the year.
HP remains the world’s largest EPoS vendor, accounting for 17% of shipments.
$100 million and $204 million…Checkout free stores specialist Trigo has bagged $100 million in funding, reaching a total of $204 million raised to date.
The investment was led by Singapore state investment firm Temasek (TEM.UL), and 83North.
New strategic investors include SAP and existing backers also joined the round, including Hetz Ventures, Red Dot Capital Partners, Vertex Ventures, Viola, and supermarket giant REWE Group.
£23 million and £33 million…Buy now, pay later specialist Tymit has closed a £23 million Series A funding round, taking its total investment to date to £33 million.
This was led by Frasers Group, the British retailer that owns Sports Direct, Jack Wills and Game.
300…Rapid grocery delivery firm, Getir, has announced that it will be stocking a broad range of Co-op products.
From this week, it will be piloting the new offering, consisting of around 300 Co-op lines across ambient and fresh, in select stores in London, expanding to additional locations in the coming months.
Getir will be working with Nisa Retail, the wholesale division of The Co-op Group, who will be supplying their own brand products.
A trial will take place in the Battersea, Earls Court, Seven Sisters, Balham, Tottenham and Bethnal Green stores, leveraging Getir’s network to enable delivery of groceries within minutes.
76%…Shoppers are returning to shop in stores in similar numbers seen prior to the Covid-19 pandemic, according to research by Zebra Technologies.
But most (76%) want to get in and out as quickly as possible. And they’re willing to help make that happen with their growing affinity for self-serve technology.
$437 billion…Consumer spending using BNPL (buy now pay later) platforms will reach $437 billion globally in 2027, according to Juniper Research, rising from $112 billion in 2022.
This will be driven by escalating financial pressures from the rising cost of living, increasing the demand for cheap credit solutions.
1…Ecuador’s Corporación El Rosado has become the first in the country to select Toshiba Global Commerce Solutions’ Self Checkout System 7.
It will install 400 units in more than 150 stores.
£1.3 million…Penny Black, an e-commerce platform that turns packaging into a marketing channel, has received £1.3 million in seed funding from AGFA and ninepointfive.
Incubated in AGFA’s innovation lab, supported by ninepointfive, Penny Black launched independently in the UK and Europe in April.
Its software connects e-commerce stores, marketing tools and fulfilment operations to deliver personalised experiences at the moment customers open their e-commerce packages.
4,700…Walmart is joining Premium Payback, a real-time rewards redemption network from FinTech big hitter FIS.
This will give consumers the opportunity to redeem their credit card rewards points for real-time discounts at more than 4,700 Walmart stores across the US.
Those using eligible cards will be prompted at checkout with the option to turn their card rewards currency into discounts, which will be deducted from their purchase amount.
£1 million…Money saving and rewards app startup, Jisp, reports that its Scan & Save solution has racked up £1 million in retail sales.
14…Alibaba Group this week officially kicked off the 14th edition of its 11.11 Global Shopping Festival, featuring more than 290,000 brands.
“11.11 this year will have the most diverse range of products in the event’s history, with 17 million products available to more than one billion annual active consumers on our platforms in China, thanks to the support of our brands and merchants from around the world,” says Chui Xue, President of Industry Development and Operation Center of Taobao and Tmall, Alibaba Group.
“11.11 is the most powerful engine for our merchants’ customer growth every year. Transforming consumer awareness into customer loyalty is key to generating the best return on investment.”
“We will introduce technology and business innovations while enhancing supply-demand matching and loyalty membership management, to support our brand and merchant partners. Ultimately, we aim to turn customer assets into the most important driving force for merchants’ long-term business growth.”
1 million…Zippin has hit one million shoppers served worldwide at one of its 73 checkout free stores operated by partners including Levy, Aramark Sports + Entertainment, and Delaware North.
Krishna Motukuri, CEO and Co-founder, Zippin, tweeted: “This is one of those "pinch me" moments for us.”
“Even at the beginning of 2022, we didn't think it would happen this quickly. Now we are looking at crossing two million shoppers served in less than four months! A big thank you to all of our partners for making this possible.”
37…Just Eat and Lincolnshire Co-Op in the UK have partnered to offer on-demand grocery delivery.
A total of 27 stores across the society’s trading area now offer delivery from Just Eat, with a further 10 live on the platform taking orders for collection.
8…Luxury fashion e-commerce platform, Farfetch, and Outlier Ventures, a Web3 accelerator and investor, have announced the first cohort of startups for their Dream Assembly Base Camp accelerator programme.
The eight companies were selected from over 200 applications from around the world. They are as follows: altr, Curie, iiNDYVERSE, METAV.RS, Mintouge, Reblium, SKNUPS and WEAR.
83% and 87%…Despite the ongoing cost of living crisis, 83% of Brits say it’s critical to support local high streets this festive season, with 87% citing the end of year sales as the most important commercial event of the year.
That’s according to a new research report, The Seasonal Shopping Snapshot, published by Ankorstore.
25%, 75% and 100%…Marks & Spencer's Chief Executive, Stuart Machin, is working on a blueprint to ramp up the retailer’s Ocado food delivery operation.
He is embarking on a review to improve the service, with the aim of making the business more efficient and spurring growth, according to a report by The Mail On Sunday.
M&S is looking to increase its share of the UK's food spending in stores and online by more than 25%. Hannah Gibson, the new boss of the Ocado Retail venture, is spearheading the review.
At present, 75% of the M&S food range is offered through Ocado. Plans are afoot to increase that closer to 100% in the coming months.
$7 million…Kudos, a startup whose smart wallet helps users maximise their credit card rewards and hidden benefits like purchase protection and travel insurance when shopping online, has closed a $7 million seed funding round and launched its mobile and desktop extension to the public.
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