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Technology News
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January’s biggest retail technology plays at a glance — Retail Technology Innovation Hub
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H&M
H&M has launched a H&M Loooptopia Experience on Roblox.
The result of a partnership with metaverse studio Dubit, this lets players experiment with materials and patterns creating the next virtual garment and wardrobe for their avatar.
“People who shop and wear H&M garments and accessories are increasingly spending time in virtual spaces and digital worlds,” says Linda Li, Head of Customer Activation & Marketing, H&M Americas.
“The H&M Loooptopia Experience on Roblox is now allowing us to explore new ways to engage with our current and new customers in the places they love to be, both online and offline.”
“In the coming years, we will continue to explore this fast growing expanse of virtual and augmented realities.”
Walmart
Walmart reports that it now operates, in partnership with its vendors, 36 drone delivery hubs across seven US states.
This marks completion of the retailer’s drone hub expansion plans that it announced last year.
Vik Gopalakrishnan, Vice President, Innovation & Automation, Walmart U.S., says: “I’m incredibly proud of our team for creating the largest drone delivery footprint of any US retailer and providing customers with an incredibly fast – and innovative – option for delivery.”
“We’re encouraged by the positive response from customers and look forward to making even more progress in 2023.”
Amazon and Stripe
Stripe and Amazon have announced an expanded global partnership.
Under the new agreement, Stripe becomes a strategic partner for Amazon in the US, Europe, and Canada, processing a “significant” portion of the e-commerce giant’s total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, and Buy With Prime.
Stripe will also expand its use of AWS, the firm’s cloud infrastructure provider.
Amazon started working with the FinTech in 2017 as it looked to accelerate market expansion in Asia and Europe, and support Prime Day, Black Friday, and Cyber Monday purchases around the world.