R|T: The Retail Times – Amazon pulls the plug on Spark

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!


BetaKit

Lightspeed CEO Dax Dasilva talks impactful leadership at C2 Montreal

“Lightspeed wouldn’t have happened if it had not been for me investing in myself and as an instrument.”



Techcrunch

Walmart Grocery is now offering a $98 per year ‘Delivery Unlimited’ subscription

Walmart is taking aim at Instacart, Target’s Shipt, and Amazon Prime Now/Whole Foods with a new grocery delivery subscription service.


The Spoon

Danish kitchen tech startup Ztove raises funding and expands to retail

The Denmark-based company has raised an undisclosed amount from robotics pioneer Niels Jul Jacobsen, the founder of Mobile Industrial Robots.


Women’s clothing rental service Armoire raises more cash, moves into new HQ with retail space

The high-tech clothing rental startup just reeled in more cash to complete a $3.9 million seed round and is set to move into a new 7,500 square-foot headquarters in Seattle’s Pioneer Square neighbourhood.


BetaKit

Lightspeed sees 36% revenue growth in first quarterly report since IPO

The company, which went public in March, reported a 36 percent year-over-year increase in both quarterly and total annual revenue.


Bloomberg

PetSmart’s Chewy jumps 59% in debut after $1.02 billion IPO

Chewy’s shares rose as much as 88% in the first hour of trading Friday from the $22 offer price.


Techcrunch

Amazon Spark, the retailer’s two-year-old Instagram competitor, has shut down

Amazon in 2017 launched its own take on Instagram with a shoppable feed of stories and photos aimed at Prime members. The experiment known as Amazon Spark has now come to an end.


The Verge

Target is now offering same-day delivery directly through its website

Target announced that U.S. customers can now select same-day delivery for orders placed directly through its website.


Yourstory

Ex-Flipkart execs’ Arzooo.com raises $1 million in Pre Series A

Arzooo will be using the funds to solve challenges faced by retail partners, expand to newer geographies, and innovate its technology offerings.


TechCrunch

Colombian point-of-sale leader ADDI nabs $12.5 million from Andreessen Horowitz

ADDI picked up $12.5 million in new financing in April of this year as the company looks to expand its lending services online.


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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.