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Established 1996
Sunday 19 August 2018

LATEST NEWS 

Online shoppers open to AR and VR tech

Almost half of UK shoppers would be more likely to buy online if they could use technology such as augmented reality (AR) to test the product in a realistic way, according to research. A survey of 1,000 UK shoppers by e-commerce agency PushON found growing demand for new immersive technologies such as AR and VR (virtual reality), with 45 per cent of customers saying they would like the chance to “look around” and get a feel for products in 3D.

Fashion tech firm Threads bags $20 million funding

Threads, a fashion tech business that uses chat commerce to connect millennials with luxury brands, has landed $20million in a Series A funding round. The London-based company which helps Millennials and Generation Z shoppers find the right luxury outfit through a mobile-based app, has secured investment from C Ventures, a lead investor in Moda Operandi and Highland Europe, an investor in the MatchesFashion, a luxury fashion goods website.

Tech focus behind JD.com revenue growth

Chinese e-commerce giant JD.com has published its second quarter results, revealing a 31.2 per cent increase in revenue to $18.5 billion. Services revenues for JD.com were also up 51 per cent from the second quarter of 2017, as the retailer continued to develop its ‘Retail as a Service’ strategy, providing retail partners with the latest innovations in technology to improve efficiency and support growth.

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Online retail sales reach record proportion

Retail sales were up by 3.5 per cent in July, when compared with the slower growth of 1.1 per cent during the same month last year, according to the latest Office for National Statistics (ONS) figures. The data also showed that spending online increased to reach a new record proportion of all retailing at 18.2 per cent in July, with strong growth in department stores also reaching a record proportion at 18.2 per cent.

Fat Face boss warns of High Street woes

Fat Face saw overall sales increase 7.4 per cent over the full year to 2 June, driven by online sales - which make up 20 per cent of the retailer’s revenue - up 11.8 per cent year-on-year. Over the year, sales increased to £238.4 million, representing a like-for-like growth of 4.9 per cent across the fashion brand.

Shoppers ‘not understood’ by retailers: Salesforce

New research has revealed that 64 per cent of shoppers feel retailers do not understand them, suggesting there is room for improvement with personalisation and loyalty initiatives. Salesforce surveyed 6,000 consumers across six countries, along with mystery shopping assessments of 70 stores across London, New York and San Francisco, and analysis of digital shopping behaviour from 500 million shoppers and 1.4 billion e-commerce visits worldwide.

M&S partners with Twilio for call centre automation

Marks & Spencer has entered into partnership with Twilio, a cloud-based automated communications service, to help it handle more than 12 million customer calls annually. The High Street giant announced its link-up with the San Francisco-based internet firm as part of a £25 million technological transformation programme aimed at improving efficiencies and streamlining switchboard services.

Retail Payments
Verifone’s Nathan Gill talks to Michelle Stevens about evolving consumer payment behaviours and the importance of the point of sale experience

Dubai mega-mall unveils omnichannel retail plan

Consumers at Dubai’s next mega-mall will be able to shop via mobile and try on the latest 3D-printed fashions in interactive mirrors as part of plans to build the world’s first omnichannel retail development. Emaar and Dubai Holding, the owners of the colossal Dubai Square retail and leisure development, have unveiled plans for a $2 billion tech-driven retail destination which aims to “blur the boundaries between online and in-mall shopping”.

India mulls e-commerce clampdown

India's lawmakers are weighing up measures to make its $32 billion e-commerce market more hostile to US tech giants. A draft of rules set to go before the Indian parliament would see a major clampdown on access to India’s e-commerce sector for companies including Amazon, Google, Apple and Facebook, according to the Wall Street Journal, which has seen a version of the bill.

Bugs in MPoS devices could expose customers

Security flaws in a number of market-leading mobile point of sale (MPoS) devices could leave customers open to fraudulent charging and vulnerable payment methods, according to researchers. Leigh-Anne Galloway and Tim Yunusov, researchers from security firm Positive Technologies, looked at seven MPoS devices popular in the US and Europe, including devices sold by Square, iZettle, PayPal and SumUp.

Klarna

Retail Payments
Verifone’s Nathan Gill talks to Michelle Stevens about evolving consumer payment behaviours and the importance of the point of sale experience

Advantech's AIM-37 mobile POS solution rocks the Hellfest in France
An application story of the Advantech mobile POS tablet system with printer cradle at the Hellfest festival in Clisson, France.
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