R|T: The Retail Times – Amazon doubles its profit

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

Subscribe to R|T using the form at the bottom of this page to ensure you don’t miss out on the most important retail tech news every week!

R|T is powered by:

Digital Main Street


Lightspeed announces Brandon Nussey as CFO

In his role as CFO, Nussey will lead the company’s finance, legal, human resources, data and IT teams.

Digital Main Street

DMS Recommends: Tune in to the Growth Marketing for SMBs and Startups webcast series

Step up your digital marketing this year and learn the ins and outs of the digital purchase journey.


Cashback app Dosh raises $44M on a $240M valuation from PayPal and more

Dosh, an app that lets users get cash back when you shop at selected retailers with a linked card, has raised the funding from PayPal and Goodwater Capital.


Amazon doubles quarterly profits to $1.6B – and hikes annual cost of Prime

The company’s chief financial officer Brian Olsavsky said that the price hike was a reflection of the increased cost of handling same-day, one-day and two-day shipping and “increased value” for customers.


Kidbox raises $15.3M in Series B funding

Kidbox, a retailer that leverages proprietary data science and machine learning to create personalized shopping experiences for children, raised the funding from Canvas Ventures and others.


BigCommerce raises $64 million to power e-commerce sites

The investment was led by Goldman Sachs, with participation from General Catalyst, GGV Capital, and Tenaya Capital.


Hawk Incentives joins Kik’s Kin ecosystem to boost transaction activity

Hawk Incentives develops branded value rewards — such as gift cards, egifts, and ecodes — for corporates looking to incentivize participation.


Walmart, with billions to spend, seeks Flipkart e-commerce site in India

Walmart is nearing a deal to acquire a majority stake in India’s leading online retailer, a bold move that would open another front in its escalating war with Amazon.


Deliv to offer same-day delivery to Shopify customers

Deliv is enabling Shopify retailers to offer scheduled, same-day delivery to customers through a partnership with Zapiet, a store-pickup and local delivery plug-in for Shopify.


Report: Canadian tech investment hits record $1.3 billion CAD in Q1 2018

Q1’s $1.28 billion funding amount is the largest seen since CB Insights began collecting MoneyTree data in 2012.


Square is acquiring website builder Weebly for $365M

Square says that by acquiring Weebly, it can create “one cohesive solution” for entrepreneurs looking to build an online and offline business.


Amazon reportedly eyeing QVC rival Evine Live

By acquiring Evine, a small television shopping network, Amazon would have a much easier time reaching the aging, but high spending baby boomer crowd.


ChefHero raises $12.6 million to build wholesale marketplace for independent restaurants

Since its launch in 2017, ChefHero has grown to 60 employees.


Six SaaS Marketing Questions with Shopify Plus’ Head of Marketing, Hana Abaza

Prior to Shopify, Abaza spent several years in leadership roles at Uberflip.

Subscribe to The Retail Times

Don’t forget to subscribe to The Retail Times using the form below to make sure it hits your email inbox every week!

Subscribe to The Retail Times Newsletter

* indicates required

Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.