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!
Lightspeed intends to raise $200 million in stocks and hopes to achieve a market valuation of more than $1 billion.
The most dangerous scams are those that look genuine. Be wary of senders, even someone you know or a company you trust.
Pinduoduo adds a social twist to e-commerce by offering discounts for shoppers who gang up with friends or family to make group orders.
Sources “familiar with the company’s thinking” say the the reassessment comes following local opposition from politicians and activist groups.
Vancouver-based ClickDishes is working with Alipay, a major digital payment platform in China, to allow users to order food directly through Alipay’s app.
Relex focuses on retail planning solutions by helping both brick-and-mortar as well as e-commerce companies make better forecasts of how products will sell using AI and machine learning, and in turn giving those retailers guidance on how and what should be stocked for purchasing.
Rebag, a platform for buying an selling luxury bags, raised the funding from Novator, with participation from General Catalyst and FJ Labs.
Blue Apron is introducing a lower-cost version of its meal kits, initially only for Jet.com shoppers in the greater New York City metro area. The new recipe kits, called “Knick Knacks,” still require refrigeration, but require customers to supply their own protein and produce to complete the meal.
Asilelabs’ Payment WiFi will allow businesses to charge customers for Wi-Fi access based on duration, data usage, and bandwidth allocation.
The funding was led by H.I.G. growth partners.
Unlike the Home Try-On option, where Warby Parker mails you five frames among a limited selection to test out, the Virtual Try-On feature is available for any pair of frames you find in the app.
The funding was led by Lerer Hippeau, with participation from Red Sea Ventures, BoxGroup, SV Angel, Great Oaks, SoulCycle co-founder Elizabeth Cutler, and CPO of Adobe, Scott Belsky, among others.
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!