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 Deliveroo, Prada, Amazon, Printemps, Zippin, Naver, and Poshmark.
£42.4 billion…Click and Collect transactions will be worth £42.4 billion in 2022 – 8.4% of the UK’s total retail spending, according to research from Barclaycard.
The company’s study – ‘What’s in store for retail?’ – focuses on retail businesses with over ten employees, and looks at the rise of ‘hybrid’ shopping.
Barclaycard surveyed 2,006 UK consumers and 600 UK senior managers in retail businesses who have at least one physical store.
Click and Collect now accounts for 40% of sales for retailers who offer the service, up from 37% a year ago.
The popularity of the service grew during the Covid-19 pandemic but, unlike pure online sales which peaked during that period, it has continued to grow post the lifting of lockdown restrictions.
1 and 3…Dallas Fort Worth International Airport has opened its first checkout-free store, powered by Zippin.
This is Zippin’s third airport store, with locations at Tom Jobim International Airport (“Galeão”), in Rio de Janeiro and New York’s JFK International Airport.
In Dallas, the firm worked with Puente Enterprises to make the 1,400 square-foot store - the largest in Terminal C - a reality. It offers more than 900 products: from grab and go snacks to bluetooth headphones.
Shoppers tap their credit card at one of the four turnstiles to enter, select their items and exit the store to make a connecting flight or head home.
2…Crypto.com Arena in Los Angeles is gearing up to launch two new grab and go locations powered by Amazon’s Just Walk Out technology.
Visitors will have the opportunity to take what they want without having to stop to checkout while shopping at the Bud Light Seltzer Market and the Michelob Ultra Market, located on the main concourse between sections 105 and 108.
The stores are debuting this October in time for NHL and NBA preseason games.
To enter, guests insert their credit card at the entry gates and start shopping. As they select food and beverages, Just Walk Out technology determines what they take from or return to the shelves.
After they exit, the credit card will be charged for the items they took.
50%…Empathy.co has launched the Retail Trust Index (RTI), with the aim of examining online tracking practices across the retail industry, and the impact of intrusive data practices on consumer trust.
This shows that consumers when shopping online with the UK’s leading retailers will be on average tracked by ten separate trackers, and over 50% were used to share information to third parties for advertising.
57%, 61% and 55%…New research from Nosto suggests that 57% of consumers want fashion shopping to be more sustainable. But with living costs rising, 61% will prioritise price. 55% agree that sustainable fashion is often too expensive.
$1.2 billion…South Korean search giant, Naver, is set to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash.
The pair expect the deal to close by Q1 2023, subject to approval by Poshmark stockholders and “the satisfaction of certain other customary closing conditions.”
Poshmark will become a standalone subsidiary of Naver, led by CEO Manish Chandra and the current management team. It’ll continue to operate under its existing brand, and maintain its staff, user base and headquarters in Redwood City, California.
5…Prada has announced the release of its fifth Timecapsule NFT Collection, which is linked to both a gender-neutral physical product and a gifted NFT.
This drop follows four Timecapsule NFT drops, which the company says all lead to immediate sell outs.
A key design element of the latest Timecapsule shirt is upcycled fabric from the Prada archives from which it is composed.
This shirt, which is #34 in the Timecapsule Collection, is emblazoned with the calendar month of October.
1…Printemps, a retailer focused on beauty, fashion, accessories and menswear with 20 department stores in France, is inviting people to visit its first ever immersive, virtual location in the metaverse.
It will offer anyone purchasing a product from said store the chance to enter a prize draw to win NFTs created in collaboration with the artist Romain Froquet.
30 NFTs, exclusive digital works, will be offered to customers via the Arianee platform.
Possession of one will also allow the holder to receive the original painting by Froquet, exhibited in the atrium of Printemps Haussmann during the campaign.
43% of 2,000 UK consumers surveyed by Emarsys purchase vintage items, while significant numbers wish they could revisit the shopping experience of decades past.
12% shop vintage for pure sentimental value, 10% to decorate their home, and 10% as a retro hobby.
Classic brands and products populate the vintage purchase list, with VHS tapes (25%), Walkman’s (22%) and Etch-a-Sketch (19%) proving most popular in invoking nostalgia.
15% of Brits said that they missed “simpler times” where they weren’t exposed 24/7 to brands across different mediums.
1…Deliveroo has opened its first physical grocery store in partnership with Morrisons.
The Deliveroo Hop store on London’s New Oxford Street will allow customers to order on digital kiosks or the Deliveroo app, for quick collection.
It also functions as a dark store for Deliveroo’s rapid grocery offering, Deliveroo Hop.
“We’re opening our doors and welcoming commuters, local residents, visitors and day trippers into our first high street grocery store in the UK,” says Eric French, COO at Deliveroo.
“Our New Oxford Street store promises a new way to shop for our customers, giving them even greater flexibility and choice and should help boost the local area, with nearly two-thirds of shoppers saying they will visit other nearby shops as they come to shop with Deliveroo.”
