Here’s the retail technology news you may have missed last week – Retail Technology Innovation Hub
Big four supermarkets Asda give green light for full implementation of Retail Insight Inventory Insight solution
Asda has expanded its technology partnership with Retail Insight, a provider of store operations execution software, with the aim of improving shelf availability and the in-store experience.
The partnership involves the full implementation of Retail Insight’s Inventory Insight solution.
Asda now operates in more than 800 locations across its UK store fleet – from supercentres, superstores, supermarkets, Asda Living stores, petrol stations and depots, and serves 18 million customers every week.
With its significant store presence and the large number of SKUs it stocks, it inevitably felt the impact of inaccurate inventory and wanted to improve stock accuracy across its store network.
US startup Max Retail raises $15 million in Series A to help independent retailers and brands sell excess inventory
Maximum retaila marketplace through which independent retailers and brands can sell excess inventory, announced a $15 million Series A round led by Nosara Capital, with participation from Rethink Impact.
The round also includes continued support from VC M13, The Artemis Fund and StandUp Ventures.
“Independent retail stores are fundamental pillars of their communities, but they face limited options for their excess inventory, as well as discounts far below cost, consignment shipping or tax relief donations,” says Melodie van der Baan, CEO and co-founder of Max Retail and former independent retailer.
“With this investment, we will continue to grow our sales channel network and expand this excess inventory solution to support the entire product lifecycle, giving retailers and independent brands the tools they need to increase their turnover. of inventory and maximize recovery of money on unsold products.”
Zilch Leverages GenAI and Machine Learning as it Announces Four Million Customer Milestone in 44 Months
Zeroa BNPL specialist that is touted as the world’s first advertising-subsidized payments network, has surpassed four million registered customers within 44 months of its launch.
“In less than four years, we have transformed the way millions of people experience, engage and – most importantly – are rewarded with their everyday payments, generating our customers more than $500 million in savings and counting,” he says Philip Belamant, CEO and co-founder of Zero.
Zilch says it is currently adding more than 100,000 new customers each month and now around 12% of the UK’s active population of 33 million adults have an account.
Since its launch, the platform has created more than $3 billion in commerce, or Gross Merchandise Value (GMV), for retailers, with more than half of this GMV generated in the last 12 months.
DoorDash Partners with Ulta Beauty, Claims Beauty Products and On-Demand Delivery First
DoorDash and Ulta Beauty announced an expanded partnership to offer on-demand delivery at more than 1,350 stores in all 50 US states.
People can now shop Ulta Beauty’s assortment of more than 25,000 products from more than 600 brands, spanning cosmetics, fragrances, skin care, hair care and wellness, exclusively on the DoorDash app.
The partnership marks the first time that all monthly active DoorDash users can order from a beauty retailer in all 50 states. This builds on DoorDash’s recent entry into new retail and grocery categories to broaden its selection.
Consumers can browse and discover their favorite beauty essentials in the dedicated Beauty tile on DoorDash and have their items delivered straight to their door in under an hour on average.
Autonomous retail tech startup Pixevia raises €1.5 million, aims to expand DACH
AI retail technology company Pixevia, raised 1.5 million euros in new financing. This saw new investors Coinvest Capital, Omni Commerce Ventures and Rita Sakus join lead investor Iron Wolf Capital in the round.
Other prominent existing backers, Open Circle Capital, Vladas Lašas and Renaldas Zioma have made significant contributions.
The money will go towards planned expansions in the US and Europe, especially in the DACH region. Included in these plans are the integration of new venues such as sports arenas, university campuses and airports.
Pixévia has raised 4.1 million euros to date. Part of this came from EU research grants and mainly from capital investments.
