Online sales up to strongest growth this year
With excellent weather and the start of the sale season signalling the arrival of summer, online retail sales rose by 8.5 per cent year-on-year in June, according to the latest IMRG Capgemini eRetail Sales Index. After a disappointing May, which saw online sales suffer their worst growth on record (up only 1.9 per cent), June’s results represent the strongest growth so far this year, and are well ahead of the three, six and 12-month rolling averages (respectively -0.5 per cent, 5.4 per cent and 6.9 per cent).
Retailers ‘ignoring shopper tech expectations’
When it comes to in-store technologies, consumers have heard all the promises but are still waiting on retailers to deliver, according to A.T. Kearney’s latest market survey. The consultancy polled 1,000 people from various demographic and economic backgrounds about emerging tech used in physical stores, focusing on five crucial technologies.
UK e-commerce market to hit €231 billion by 2021
The e-commerce market in the UK is expected to grow by nine per cent a year over the next three years – with the market projected to be worth €231.2 billion by 2021. Research compiled by J.P.Morgan noted that the UK represents more than 30 per cent of the total European e-commerce market. France (€81.7 billion) and Germany (€73 billion) are the second and third largest e-commerce markets respectively today, together representing a third of all e-commerce activity in Europe.
Payments FinTech SumUp raises €330m
Payments FinTech SumUp has raised €330 million to grow its network of merchants across 31 markets worldwide. The funding round was led by Goldman Sachs Private Capital, Bain Capital Credit, HPS Investment Partners and TPG Sixth Street Partners.
HEMA rolls out AI supply chain tech
HEMA is rolling out artificial intelligence-driven technology from JDA for its supply chain. The Dutch retail chain, which sells value homewares and novelty goods in 750 stores across Europe, is aiming to further digitise its supply chain to improve customer experience and drive profits.
ACI Worldwide and Worldpay partner for alternative payments
ACI Worldwide has announced an international relationship with Worldpay, with the latter utilising the former’s e-commerce payments solution to accelerate the roll-out of alternative payment methods to its global merchant network. Worldpay accepts more than 300 payment types, and will use ACI’s UP eCommerce Payments solution to broaden the number of payment methods available in different regions across the globe, alongside speeding up time to market for merchants.
Morrisons selects IRI for personalisation tech
Morrisons has selected IRI to further develop its customer insight and personalised marketing. The supermarket chain will use IRI’s Retail Private Cloud solution, which takes customer data and uses predictive analytics to listen to customers and serve them better.
Superdry partners Klarna for payments tech
Superdry is rolling out Klarna’s payments technology to let customers buy now and pay later across stores in the US, UK and online. The clothing chain announced that the partnership, enabled by Adyen’s payments platform, would offer customers the chance to use Klarna’s Pay later or Pay in 3 instalment options.
Nearly 16% of UK shops lie empty: report
New figures released by local councils have revealed that 15.9 per cent of all shops in the UK now lie empty. Data obtained by Duff & Phelps via a Freedom of Information request showed that with a total of 418 councils in the UK, a mean average indicates that the total number of vacant retail units stands at 50,578 – or an average of 121 empty retail units per council.
EU to investigate Amazon’s use of merchant data
The EU’s competition watchdog has launched an investigation into Amazon’s use of merchant data, as regulators continue to put pressure on tech companies’ use of customer information. The office of Margrethe Vestager, the competition commissioner, confirmed that the European Commission (EC) has opened a formal probe into the e-commerce giant’s use of sensitive data from independent retailers who sell on its marketplace.
myGaru launches personal data control app
myGaru Technologies has launched an data privacy app that aims to help users take back control of the data gathered about them online. The app works by sweeping up personal data from users’ devices – from social media ‘likes’, to geolocation and online purchases that would traditionally be collected by third parties such as advertising technology, and preventing unauthorised use of the data.