×
858
Fashion Jobs
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
ESTÉE LAUDER
CRM And Email Analyst (Contract) - Must be Immediately Available
Permanent · London
Published
Jan 6, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

NearSt raises £2 million in new funding, Grosvenor becomes backer

Published
Jan 6, 2021

UK retail technology start-up NearSt has raised a further £2m in funding that includes new backing from property giant Grosvenor.


Photo: Nigel Taylor


The latest funding, which will be used "to fuel footfall into bricks and mortar stores at a critical time for physical retailers” takes the total raised by the Google-backed business to £5m.

Lasted investors include Grosvenor Group, retail specialist True Global and consumer tech specialists YYX Capital and Moscar Capital. 

NearSt said it has seen a tripling in demand from shoppers seeking out local product availability in 2020 “as the pandemic shifts traditional shopping behaviours online, including the way people shop with local stores”.

It claims the tech is helping shoppers realise that buying local is often faster and easier than ordering online and providing a welcome boost for luxury boutiques such as Creed, Christopher Kane and Hirsh.

Grosvenor said it is supporting the retail technology business in driving more people onto the high street, marking its "first direct investment into the tech sector". The company said it is already using NearSt’s technology across its Mayfair and Belgravia estate, "with plans to expand internationally".

Ian Mair, managing director of Digital Innovation at Grosvenor Group, added: “Digital technologies and the changing customer expectations will radically change the property industry over the next decade.

“We are putting the customer at the heart of our thinking and are creating innovative ways to make the physical shopping experience more efficient and enjoyable. Making it easier for customers to find items they are looking for in local shops will encourage them on to their local high street rather than ordering online".

NearSt co-founder Nick Brackenbury said: “NearSt’s funding comes at a time of seismic shifts in how we shop and what it means to be a retailer. We all know that the pandemic has driven shopping behaviours online; what’s often overlooked are the millions of people now going online to search for things locally on the high street".

He added: “Online shopping is often positioned as the death knell for the high street - we think it’s far from this and will rather be the foundation of a vibrant and healthy future for brick-and-mortar shops”.

Copyright © 2021 FashionNetwork.com All rights reserved.