R|T: The Retail Times – FedEx breaks up with Amazon

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.”



BetaKit

June #FutureMakers will explain the risks and rewards of digital transformation

The event will features speakers from Slack, IBM, and RBC. Get in free using the code “BetaKitPROMO”.


WWD

Global Fashion Group sets IPO on Frankfurt Stock Exchange

The company plans to raise about 300 million euros to invest in growth and innovation.


Grocery e-commerce startup Kurly raises US$113 million

The round was announced last April at $88 million, but has since attracted an additional $25 million funding from China’s Hillhouse Capital.


TechCrunch

Depop, a social app targeting millennial and Gen Z shoppers, bags $62M, passes 13M users

Depop, a London startup that has built an app for individuals to post and sell (and mainly resell) items to groups of followers by way of its own and third-party social feeds, has closed a Series C round of $62 million led by General Atlantic.


CNN

Walmart will deliver groceries straight to your fridge

Walmart is betting it can convince time-strapped customers to let strangers deliver groceries into their refrigerators while they’re away from home.


Financial Post

FedEx won’t be flying Amazon parcels around the U.S. anymore

FedEx Corp. said it wouldn’t renew its U.S. air-delivery contract with Amazon.com Inc., as the courier focuses on “serving the broader e-commerce market.”


TechCrunch

Amazon, reeling from recent regulatory hurdles, pumps $404M into its India business

Following months-long intense regulatory setback in India, Amazon is moving back to spending big bucks to grow its business in the world’s second largest internet market.


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.


TechCrunch

Cookware startup Great Jones launches Potline, a text service for recipes and advice

Great Jones, a startup selling pots, pans and even an oven directly to consumers, is introducing a new way to get help in the kitchen.


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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.