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The Montreal-based company had initially targeted a $200 million CAD IPO.
The company owes $28.5 million in secured debt to lenders and $6 million in unsecured debt (half of it is to 230 vendors and suppliers and the other half is to thousands of former customers who are holding unfulfilled gift cards).
Bright Cellars’ funding was led by Revolution Ventures, with participation from CSA Partners.
Moneris called this announcement part of an “evolving partnership” with Lightspeed.
Whether an established retailer is looking to reinvent itself and stay ahead of consumers’ demands or a new brand is looking to score buyers’ attention away from their traditional favorites, winning companies will leverage technology at all levels of their organization to gain mindshare with customers. Here’s what’s in store for retail in 2019.
Alibaba.com will create a new online destination to access the business supplies distributor’s network and build out its offering to small businesses in the U.S. The new partnership will allow the small businesses to link with Alibaba.com’s global network of over 150,000 suppliers, offering next-day delivery.
Sea claims to be the largest e-commerce firm in “Greater Southeast Asia.”
Home innovations like smart microwaves and toilets could lock us into a digital caste system.
He noted that while most loyalty programs reward you for using a specific card or for shopping with a specific company, Hooch has partnered with more than 250,000 merchants (including Marriott hotels, TAO restaurants, Starbucks, Uber and Amazon).
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