R|T: The Retail Times – Facebook Shops… with Shopify

facebook shops

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

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Lightspeed sees record uptake amid COVID-19 despite concerns over reduced demand (BETAKIT)

Montreal-based Lightspeed POS has released its financial results for the fiscal fourth quarter and full fiscal year, both ending March 31, 2020.

Salesforce Commerce Cloud releases four quick-start pandemic business packs (TECHCRUNCH)

Salesforce decided to build four packages of services very quickly for customers specifically designed to help conduct business during COVID-19.

Shopify moving “vast majority” of employees to permanent remote work (BETAKIT)

Shopify has announced that it it is now a “digital by default” company, meaning the vast majority of its employees will permanently work remotely.

Brazilian retail giant acquires Boston FinTech startup AirFox (BOSTON INNO)

Via Varejo, the largest retailer in Brazil, is set to acquire Boston-based fintech startup AirFox for an undisclosed sum.

Shopify to offer business account, card, and rewards program with new Shopify Balance (BETAKIT)

Shopify is moving deeper into the FinTech space, with the launch of Shopify Balance, a banking product for small businesses.

Shopify rival Ecwid raises $42 million amid ecommerce boom (VENTUREBEAT)

Ecwid, a Shopify-style ecommerce platform, has raised a $42 million round after seeing “dramatic growth” during the COVID-19 crisis.

Applications for federal emergency rent relief program for small businesses to open May 25 (BETAKIT)

Applications for the federal government’s Canada Emergency Commercial Rent Assistance (CECRA) for small businesses are set to open May 25.

WooCommerce rolls out payments management tool for merchants (PYMNTS)

The eCommerce platform WooCommerce is introducing a tool that will help its stores manage payments more easily.

Shopify opens applications for fulfillment network to merchants (BETAKIT)

Shopify has announced it is now actively accepting merchant applications for its fulfillment network.

Walmart is shutting down Jet.com 4 years after buying the company for $3.3 billion (BUSINESS INSIDER)

Walmart last year announced plans to absorb Jet’s staff into its operations and said Jet would remain a standalone site.

Shopify partners with Facebook to launch new online storefront tool (BETAKIT)

Shopify has partnered with Facebook to launch Facebook Shops, a tool aimed to help merchants create customized online storefronts on Facebook and Instagram.

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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