NearSt news and archive

Grosvenor and NearSt pilot boosts in-store sales

Landlord Grosvenor has turned online shoppers into in-store customers through a pilot with Google-backed, NearSt, after investing in the retail tech start-up earlier this year. The pilot campaign saw Grosvenor and NearSt using Google Local Inventory Ads to target shoppers within five miles of London’s Elizabeth Street and Mount Street shopping...

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Business

Retail tech startup NearSt bags 2 million pounds in funding

London-based retail tech firm NearSt has raised 2 million pounds in seed funding. The company provides physical retailers with technology allowing them to make the products on their physical store shelves visible to shoppers searching online nearby. According to NearSt’s research, 83 percent of shoppers would prefer to shop nearby instead of...

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Retail

Grosvenor teams up with NearSt to offer “safe and smart” shopping

Landlord Grosvenor Britain and Ireland is launching a new retail innovation trial for “safe and smart” shopping with tech firm NearSt, which will allow its retail tenants to promote their in-store products to nearby customers free of charge in real time. The retail innovation will be trialled for two months with Grosvenor’s retail tenants in...

Retail

Retail tech startup NearSt secures 2 million pounds in funding

NearSt, a British retail tech startup that Google is backing to drive more people into the country’s ailing high streets, has raised 2 million pounds in seed funding. The newest funding round, which was led by consumer tech specialists YYX Capital, brings the total raised by NearSt to 3.2 million pounds. The company’s technology helps local...

Retail

New retail tech could boost UK high street by 9 billion pounds, says report

New technology is projected to drive footfall back into stores and boost the UK high street by 9 billion pounds, according to a new report. The report, by retail technology innovators NearSt and research and innovation consultancy, The Future Laboratory, examined how Real-Time Local Inventory (RTLI), an emerging type of data that shows where...

Retail

Tech start-up partners with Google to boost UK high street

London-based retail tech start-up NearSt has partnered with Google to make it easier for customers to know what’s in stock at their local stores. With the new service, customers will be able to search an item on Google and instead of simply seeing where it is sold, they will be given a selection of nearby stores which currently stock the...