In the dynamic and rapidly evolving realm of retail technology, the month of June delivered a multitude of significant developments. From prestigious tech awards to notable partnerships and a fascinating insight into the world of TikTok shopping, there is much to delve into and comprehend. Please take a moment to peruse the latest and most prominent stories from the previous month.
2024 RTIH Innovation Awards Update
For those deeply engrossed in the world of retail technology, the 2024 RTIH Innovation Awards represent a pivotal event not to be overlooked. Currently open for submission of entries, these awards serve to honour the most innovative technological solutions within the retail sector. Proudly sponsored by CADS, 3D Cloud, and Retail Technology Show 2025, this year’s ceremony will unveil three new categories: AI Innovation, Sustainable Retail Innovation, and Inclusive Technology Innovation. Mark your calendars for the revelation of the shortlisted nominees on Tuesday, 29th October, and the subsequent winners’ announcement on Thursday, 21st November. It is sure to be an unforgettable occasion.
Slip Secures £2.5M Investment
In a noteworthy development, Slip, a platform facilitating the digitization of receipts for retailers, recently sealed a substantial £2.5 million seed funding led by Adjuvo, with contributions from Haatch Ventures and Unbundled VC. Distinguished angels include Dan Elton, Asos’ EVP of Customer & Marketing, as well as Julian Burnett, the former CIO at Frasers and John Lewis. Since its establishment in 2022, Slip has garnered the attention of influential players in the retail industry such as JD Sports and Beyond Retro. Here’s to their continued prosperity.
Farewell to Richard Staite
Elsewhere, it was announced that Richard Staite has bid adieu to Frasers Group and Missguided after an engaging five-year tenure. The Frasers Group, recognized for its ownership of Sports Direct and House of Fraser, recently divested Missguided to the Chinese fast fashion conglomerate Shein. Staite’s departure denotes the conclusion of an era, and we eagerly anticipate his future endeavors within the technology sector.
TikTok’s Shopping Experience
Shifting our focus to a more lighthearted anecdote, let us explore the enchanting journey of a secret shopper into the e-commerce sphere of TikTok. Initially sceptical, our shopper’s recent encounter has transformed them into a fervent advocate of TikTok shopping. This delightful and distinctive experience may well mark the dawning of a new era for social commerce.
Leaders in Technological Advancements
Furthermore, Dafydd Moore has assumed the role of Director Global Technology at Superdry, whilst Asda has completed the deployment of new NCR Point of Sale software across its store network. Additionally, the emergence of Wolt Capital as a new financing service for retailers in Sweden, Poland, Finland, and Denmark provides a captivating insight into the innovative advancements shaping the retail landscape across Europe.
Currys’ Collaboration with Bambuser
Lastly, Currys has established a partnership with Bambuser, a video commerce provider, as part of its mission to create enhanced shopping experiences for its clientele. With the aid of their unique virtual consultation solution, Currys aims to revolutionize the manner in which customers engage with their products through the medium of shoppable video calls.
Volvic’s 3D Campaign
Moreover, do not overlook the latest 3D programmatic digital out-of-home ad campaign from Volvic, in collaboration with Wavemaker UK, Global, and DOOH.com. The mineral water brand is making waves with their Touch of Fruit Sparkling range.
Insights on Takeoff Technologies’ Bankruptcy Filing
Lastly, retail technology influencer Brittain Ladd provides valuable insights on Takeoff Technologies’ Chapter 11 bankruptcy filing. Ladd, a former Amazon executive, offers his perspective on the company’s predicament, shedding light on the potential ramifications it could have in the e-grocery fulfilment industry.
Conclusively, we have endeavored to provide a comprehensive overview of the most significant retail technology stories from the month of June. As we anticipate the advent of July, we can only wonder whether this forthcoming month will deliver even more captivating developments. We urge you to stay tuned and be privy to the unfolding narrative.