Daily Briefing – All the Retail Technology News you need to know today (July 23)

23rd July 2020

You can read each story in full below:

Body cameras issued to hundreds of Co-op staff amid unprecedented “levels of violence and abuse”
Tesco is making major changes to its online delivery fees sparking outrage on social media
Deliveroo sparks IPO speculation after appointing new CFO
Microsoft smashes analyst estimates to post record sales amid gaming and work-from-home boom
Armani shoppers can now access entire range digitally instore amid YNAP tie-up

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Armani Co-op Deliveroo Microsoft Tesco YNAP

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Louis Vuitton has announced a surprise partnership with Chinese ecommerce giant JD.com in bid to further its reach in Asia.

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Asos customers can now have their old clothes collected from their doorstep and donated to charity when receiving new orders amid a new tie-up with DPD.

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Deliveroo saw order volumes more than double to 71 million in the first three months of 2021 but warned that growth would “decelerate as lockdowns ease”.

Deliveroo sees orders volumes more than double but warns growth will “decelerate as lockdowns ease”

Amazon has opened its third physical Amazon Fresh grocery store in the UK since the beginning of March as it continues its rapid roll out across Greater London.

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Etsy has reported a 110 per cent year-on-year (YoY) revenue increase in 2020 taking it to a record high $1.7 billion.

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Alibaba’s record $2.8 billion fine has inadvertently seen its founder’s net worth skyrocket $2.3 billion as the company’s stock continues to rally.

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The agility demonstrated by retailers throughout the pandemic will be tested once again with the reopening of shops to consumers whose habits may have changed long term.

Multi-channel retailers can achieve perfect supply chain goals

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