Retail technology – Retail Technology Innovation Hub

61% of High Street retailers don’t display in-store stock levels or availability by store on their websites, a feature that 42% of Brits want, according to research by Cybertill.

Five million…Japanese convenience store chain FamilyMart has apologised after a video of rats scurrying around an outlet in Tokyo’s popular Shibuya district went viral. The video has been viewed more than five million times on social media.

25Amazon reports that its Treasure Truck has reached millions of subscribers across 25 US cities. This made its Stateside debut in Seattle in February 2016 and is now expanding to Charlotte, Cincinnati, Columbus and Las Vegas. 

GBP18.2 millionboohoo has bought the online business of UK brands Karen Millen and Coast for GBP18.2 million.

It said that the deal “would represent highly complementary additions”. The firms’ 32 UK High Street stores and 177 concessions, employing 1,100 people, now appear set to close.

10…Earlier this year, we reported that Transport for London (TfL) had launched a competition aiming to find an innovative concept that reimagines the use of physical retail space and delivers a unique experience for those who travel via its network. It has now shortlisted 10 concepts.

£5.5 billion…Swedish PayTech venture Klarna has closed a funding round valuing it at £5.5 billion ahead of a potential stock market flotation.

2,000The GMB union says that around 2,000 of its members at two Wilko distribution centres – in Magor, Wales and Worksop, Nottinghamshire – are taking part in a strike vote after the retailer tried to force staff to work weekends. 

 0.3%UK retail sales rose by 0.3% in July, against an increase of 1.6% in July 2018, according to the BRC and KPMG.

This is the lowest figure recorded for the month since their records began in 1995 and comes after the worst June on record.

50%Marks and Spencer has completed its acquisition of half of Ocado Retail, giving it a food delivery service for the first time.

35% of US consumers would spend more on back to school shopping if offered the ability to use flexible payments solutions such as interest-free instalments or ‘buy now, pay later’ plans, according to research by Splitit

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