R|T: The Retail Times – Canadians hate payment friction

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


betakit

Report: 53 percent of customers abandon purchases when there’s payment friction

43 percent of Canadians said they are interested in invisible or non-checkout payments in store.


Digital Main Street

DMS Recommends: Microsoft Presents: Digitizing Retail, a Technology Checklist

If you run a retail business—like a storefront or shop—this guest post from Microsoft is for you! It identifies some of the activities and technologies that can digitally transform your business to help improve sales, margins, marketing, and more.


techcrunch

Amazon launches grocery pickup at select Whole Foods

Customers will be able to place their orders using Amazon’s Prime Now app or on the web via PrimeNow.com, then pick up in as little as 30 minutes.


tstar

SoftBank to invest in Alibaba’s new delivery and services unit

SoftBank Group Corp. is in talks to participate in fundraising of at least $3 billion for a new Alibaba Group Holding Ltd. unit that would provide food delivery and local services, according to people familiar with the situation.


dealstreetasia

Car rental startup Zoomcar raises $3.6M debt funding from Trifecta

Zoomcar said it will use the proceeds for accelerating its marketplace supply growth, improving its lead within applied IoT technologies, and expanding into additional mobility categories.


betakit

Event ticketing platform Picatic acquired by Eventbrite

Picatic’s co-founder and CEO Jayesh Parmar will join Eventbrite and continue to lead the Picatic team in Vancouver.


venturebeat

Unmade raises $4 million to help fashion brands make customizable clothes and cut waste

The funding was led by Felix Capital, with participation from Connect Ventures, LocalGlobe, Carmen Busquets, Backed VC, and C4 Ventures.


wsj

Casper, a web pioneer, to open 200 stores

The mattress seller sees retail shops as a way to stand out from mounting competition for online shoppers.


techcrunch

Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia

JD.com said the deal is part of its ‘Borderless Retail’ strategy, which includes staff-less stores and retail outlets that mix e-commerce with physical sales.


retaildive

Wayfair unleashes mixed-reality shopping

Wayfair said the new way of viewing products outside of the store environment “breaks the boundaries of traditional eCommerce” as it allows shoppers to pull their chosen items via holographic technology into a physical space.


techcrunch

LetGo, the 2nd-hand shopping app, raises another $500M at over a $1.5B valuation

LetGo plans to use the funding, which comes from Naspers, to double down on growth, both in its core second-hand goods sales as well as in newer areas such as the housing listings.


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.