R|T: The Retail Times – A multi-billion Black Friday

The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.

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Shopify merchants generate $5.1 billion USD over Black Friday, Cyber Monday weekend (BETAKIT)

Shopify merchants generated over $5.1 billion USD in sales worldwide during Black Friday and Cyber Monday. The dollar amount is up 76 percent from 2019.


RECOMMENDED BY HOCKEYSTICK:

Why San Francisco-based VC Hustle Fund Is Betting Big on Canada

“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)

Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.


FedEx to buy ShopRunner in quest for closer e-commerce ties (BLOOMBERG)

FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.


Publicly listed Canadian tech companies Lightspeed, Nuvei continue to make acquisitions (BETAKIT)

Lightspeed and Nuvei, both Montréal tech companies that have recently entered the public market, are continuing to gobble up other companies.


Amazon to face federal lawsuit over firing of warehouse worker (THE VERGE)

Courtney Bowden was advocating for better working conditions when the company abruptly fired her.


Canadian cybersecurity leaders say ecosystem requires community to grow (BETAKIT)

Kevin Magee (Microsoft), Christopher Salvatore (Cybersecure Catalyst), and Tahseen Shabab (Penfield) explore how Canada can build a cybersecurity ecosystem.


DoorDash seeks valuation of up to $32 billion in IPO, double what it was in June (CNBC)

Food delivery app DoorDash is looking to raise up to $2.8 billion in its IPO, which would value the company at $32 billion on a fully diluted basis, the company revealed in a new filing.


Faire megadeal icing on top of Waterloo Region’s strong Q3 2020 (BETAKIT)

Startups raised a total of $349.5 million in Q3 2020, a 135 percent increase for the Waterloo Region.


Drones are poised to reshape home design (WALL STREET JOURNAL)

Landing pads, special mailboxes and more: A future where delivery drones buzz through neighborhoods could prompt architects and builders to rethink.


Shopify Balance to be powered by Stripe, Evolve Bancorp (BETAKIT)

It was revealed that payment processing giant Stripe and Evolve Bancorp will power two products within Shopify Balance.


Tech companies won big in California, but the gig worker battle isn’t over (THE MARKUP)

“This was California’s fight,” Carlos Ramos, a driver and organizer with Gig Workers Rising, told The Markup. “Now this is America’s fight.”


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.