R|T: The Retail Times – COVID supply chain

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

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Lightspeed hires company’s first chief people officer to help with international expansion(BETAKIT)

Montreal-based point-of-sale and e-commerce company Lightspeed has appointed Marty Reaume as its first chief people officer (CPO).


Calgary-based fintech companies participating in inaugural financial accelerator(CALGARYHERALD)

A new accelerator program focused on addressing the financial needs of Canadians is kicking off its inaugural cohort, and two of the four attendees are Calgary-based companies.

YC-backed Turing uses AI to help speed up the formulation of new consumer packaged goods(TECHCRUNCH)

Turing’s founders claim that it is able to save companies millions of dollars by reducing the average time it takes to formulate and test new products, from an average of 12 to 24 months down to a matter of weeks.

COVID stocking issues put focus on supply chain innovation(PYMNTS)

Retailers are suddenly aware that goods don’t arrive by magic. And they’re aware that vulnerabilities in technology can be a competitive disadvantage.

Target reports mixed fourth-quarter results, touts same-day e-commerce growth(CNBC)

Target outpaced earnings expectations, but revenue fell short because of weak sales of toys, electronics and home goods over the holidays.

Collision cancels 2020 in-person conference over COVID-19 fears(BETAKIT)

Collision, the major North American tech conference, announced on Friday that it has decided to cancel the event over concerns for COVID-19.

Alibaba to fund online shopping festival with $144M in subsidies(PYMNTS)

The move comes as Alibaba grapples with a fall-off in consumer spending in China, which remains in a “state of semi-quarantine” as a result of the Coronavirus epidemic.

ProSieben’s e-commerce arm buys Meet Group for $500 mln(FINANCIALPOST)

NuCom, in which investor General Atlantic is a minority partner, will pay $6.30 a share in the agreed deal, putting an enterprise value on Meet Group of $500 million, both companies said.

J.Crew says a hacker accessed some customer accounts(TECHCRUNCH)

Clothing giant J.Crew said an unknown number of customers had their online accounts accessed “by an unauthorized party” almost a year ago, but is only now disclosing the incident.

Report: 5G will provide $2.2T economic boost within 14 years(PYMNTS)

The study found that although the adoption of the new technology has been slow, it will provide broad advantages to almost every segment of the global population.

Ten things worth reading on International Women’s Day(BETAKIT)

For International Women’s Day, BetaKit has compiled a collection of talking points, educational tools, and support resources.

Uber sold its food delivery business in India to Zomato for $206M(TECHCRUNCH)

In January, Uber announced that it had sold the India business of Uber Eats to Zomato for a 9.99% stake in the loss-making Indian food delivery startup.

Walmart consolidating grocery and main apps(PYMNTS)

Walmart has announced that it’s going to merge its Walmart Grocery app with the main Walmart mobile app, to create a more seamless shopping experience for its customers, according to a report by TechCrunch.

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.

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