Taking Digital And D2C Paths To Retail Innovation

By  |  October 1, 2020
 | 
Taking Digital And D2C Paths To Retail Innovation

Direct-to-consumer (D2C) hybrid brand Spiceology is on a mission to get chefs and consumers to experiment with flavor, as home cooking has become popular and eateries are beginning to rebound from COVID-19. In merchant innovation, many retailers are in the middle of a journey to digitize operations and bolster sales. And in payment methods, a number of luxury merchants are turning to flexible payment solutions like buy now, pay later (BNPL), as greater numbers of consumers move online. All this, Today in Data.

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    Data:

    500K: Approximate number of packages that Spiceology employees will pack during the month of October.

    100M: Minimum number of U.S. consumers who have switched to shopping online since the pandemic began.

    46%: Share of consumers who now use contactless payment methods.

    19%: Portion of digital beauty purchases made using installment payment methods.

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    $4.7M: Amount of funding Spiceology recently received.


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