If the trade press is anything to go by, you’d imagine that the discounter channel had somehow disappeared over the last twelve months. All the headlines are about e-commerce growth and devastated high streets and traditional retail. True, the discounters have had a quiet pandemic. But does that mean we can forget about them? Far […]
Canadian e-commerce juggernaut Shopify this morning reported its second-quarter financial performance. Like Microsoft and Apple in the wake of their after-hours earnings reports, its shares are having a muted reaction to the better-than-expected results. In the second quarter of 2021, Shopify reported revenues of $1.12 billion, up 57% on a year-over-year basis. The company’s subscription […]
Iceland is facing fresh controversy over its refusal to repay £46 million of business rates relief as its accounts show its owners funnelled millions into a new restaurant business. Iceland… The post Iceland facing fresh questions over refusal to repay £46m in relief as accounts reveal millions funnelled to restaurant chain appeared first on Latest […]
Amazon has been accused of “routine destruction of millions of perfectly good products” as charities call for new anti-waste laws to be brought in. Video recordings and photographs, published by… The post Amazon slammed for “routine destruction” of millions of products as charities call for new ‘Amazon law’ appeared first on Latest Retail Technology News […]
Digitization has afforded retailers access to new markets and more consumers. Small local retailers are now competing with massive conglomerates on a global scale. On the other side of the purchase, consumers now have access to brands across the globe — and the appetite to try new things through online experiences. When you give smaller […]
Klarna is continuing to build out its solution suite with two new acquisitions, moving beyond the buy now, pay later space with the goal of becoming a “retail bank, payments and shopping service,” according to the company. Klarna announced the acquisition of social shopping platform HERO in early July 2021, followed just two weeks later […]
Morrisons has announced plans to expand its networks of ultra-fast electric vehicle charging points to a further 100 locations over the next year. The grocer, which already boasts the UK’s… The post Morrisons to expand UK’s largest ‘ultra-fast’ EV charging network to 100 more locations appeared first on Latest Retail Technology News From Across The […]
Walmart is set to begin offering its ecommerce technology to small and medium-sized businesses amid a major push to diversify its offering outside of its core retail business. Walmart is… The post Walmart to begin offering its ecommerce technology to third-party retailers appeared first on Latest Retail Technology News From Across The Globe – Charged.
StockX has made a push into beauty by announcing a partnership with makeup brand Revlon. The popular resale platform has teamed up with the cosmetic brand to sell limited edition… The post StockX ventures into beauty with Revlon collaboration appeared first on Latest Retail Technology News From Across The Globe – Charged.
Apple has announced a 50 per cent increase in iPhone sales despite chip shortages disrupting global supply chains in its quarterly report. The tech company’s flagship product beat analysts’ expectations… The post Apple announces 50% increase in iPhone sales appeared first on Latest Retail Technology News From Across The Globe – Charged.
Timely, topical, transparent Bitcoin equals customer relevance to a new generation of consumers and Circle K wants to welcome those consumers too Circle K according to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. Customer relevance edifies your brand with consumers driving new electricity. Recently, Circle K announced an international partnership with Bitcoin […]
Sobeys has expanded its partnership with Infarm, a vertical farming company, to build four new facilities to grow produce for more than 1,000 of the Canadian grocer’s stores. Niluka Kottegoda, vice president of customer experience at Sobeys, said the company has received “overwhelmingly positive feedback from our customers and our store teams about the current […]
Amazon has officially denied media reports that it is planning to begin accepting Bitcoin payments by the end of the year. Bitcoin’s value soared by nearly 20 per cent yesterday after reports emerged suggesting that the ecommerce giant was “ready to roll” on a project to begin accepting cryptocurrencies. It came after Amazon posted a […]
Selfridges’ owners have launched a formal auction to sell the department store chain, which has been valued as high as £4 billion ($5.5 billion U.S.), according to Yahoo! News. The potential sale emphasizes the difficult position many department stores find themselves in: Selfridges has taken multiple steps to revive its business, but despite some notable […]
Online retail spend in the UK is back on the rise despite lockdown restrictions being lifted as the surge in delta variant cases deters shoppers from the high street. Online… The post ‘Pingdemic’ and delta variant surge drives shoppers back online appeared first on Latest Retail Technology News From Across The Globe – Charged.
Videos of a man dressed in a Spiderman costume punching and kicking an Asda employees have driven yet more demands for new laws to crack down on violence towards shop… The post Video of Asda worker being kicked in the throat ignites latest demands for new laws to protect staff appeared first on Latest Retail […]
Technology is constantly evolving, and sooner or later, it encroaches on everything, forcing the world, commerce and industries to change with it or risk becoming irrelevant. Retail is no different, and significant changes are already happening that will shape the future of how people shop. New types of money, such as digital currencies, are a […]
Contactless card transaction values will reach $2.5 trillion by the end of the year according to new research by Juniper. The report suggested that global contactless card transaction values will… The post Contactless card transaction value to reach $2.5tn by end of year appeared first on Latest Retail Technology News From Across The Globe – […]
Just Eat Takeaway’s largest shareholders have warned the food delivery group to prop up the its share price otherwise to avoid the risk of a hostile takeover. Cat Rock Capital,… The post Just Eat Takeaway’s largest shareholders warn of hostile takeover risk appeared first on Latest Retail Technology News From Across The Globe – Charged.
Oxford has become delivery firm DPD’s first electric vehicles only city, with nine further UK locations set to be confirmed this year. Vision 25 is DPD’s pledge to deliver ‘green’ to 25 major UK towns and cities, covering 25% of the UK population by 2025, and is backed by a £111 million investment in electric vehicles. We […]
Amazon’s warehouses are seeing a spike in COVID-19 cases according to a number of workers while the company pushes ahead with plans to scrap onsite testing and relax mask rules.… The post Amazon workers fear for safety as COVID rules relaxed despite spike in cases appeared first on Latest Retail Technology News From Across The […]
Christmas and Black Friday could be severely impacted by the ongoing shortage of heavy good vehicle (HGV) drivers, according to a leading industry voice. Shoppers could be faced with empty… The post Driver shortage will mean empty shelves at Christmas as UK set for “6-12 months of challenge” appeared first on Latest Retail Technology News […]
Netflix is expanding its retail operations further as it announces plans to open its first ever permanent physical store next year. The streaming giant, which opened its debut online store last month, plans to open a high-tech physical store in Tokyo, Japan, in 2022 aiming to “merge the virtual world of the internet with the […]
Ocado’s third warehouse fire in as many years could actually be “good news” for the online grocer, as its stock price continues to recover. Last week Ocado was forced to… The post Ocado’s latest warehouse fire could actually be “good news” according to analysts appeared first on Latest Retail Technology News From Across The Globe […]
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. Chief Executive Steve Rowe told the Times it would show how bricks and mortar retailers could use their stores as an advantage in a […]
GNC has announced two new appointments to its leadership team: Nate Frazier has been promoted to EVP, COO, and former Zappos executive Karlyn Mattson has joined the company as Chief Merchandising Officer. Both Frazier and Mattson will report to newly appointed CEO Josh Burris. Frazier was most recently SVP of Operations, leading GNC’s U.S. and Canada stores and […]
Ebay is launching a new Amazon-style fulfilment service for its sellers in the UK, offering them end-to-end fulfilment even on items sold on other platforms. Ebay has announced the rollout… The post Ebay is launching Amazon-style end-to-end fulfilment service in the UK appeared first on Latest Retail Technology News From Across The Globe – Charged.