R|T: The Retail Times – Hidden winners

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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!


Livescale raises $2.5 million as startup seeks to provide the video backbone for e-commerce (BETAKIT)

The startup classified this round as a “post-seed” round, with Livescale co-founder and CEO Virgile Ollivier telling BetaKit the startup sought to raise capital to extend its runway before raising a larger Series A round in the summer of this year.


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Sobeys parent Empire agrees to buy majority stake in Longo’s for $357M (TORONTO STAR)

The deal adds Longo’s 36 Ontario-based stores to Empire’s growing collection of brands, including Sobeys, Farm Boy, Foodland and FreshCo.


Vendasta files for public listing on the Toronto Stock Exchange (BETAKIT)

Vendasta has yet to price the offering. It is set to be listed on the TSX under the symbol ‘VND.’


Walmart Canada closing 6 stores across country, spending $500M to upgrade others (CBC)

The Mississauga, Ont., based retailer said workers at the closing stores will be offered positions at nearby stores as each of the impacted locations is in a market that is already served by other Walmart stores.


After bootstrapping its way to profitability, Maropost acquires Neto for $58 million CAD (BETAKIT)

Maropost, which aims to help companies with commerce, marketing, clienteling, and referrals, has acquired Australia-based Neto for $58 million CAD.


Why department stores are betting on livestreaming (MODERN RETAIL)

Nordstrom’s first few livestream shopping events seem to be centered around giving customers styling advice from top designers and makeup artists.


AppDirect lands $54.8 million loan from Quebec to expand presence in Montréal (BETAKIT)

The province expects the move to create 730 new jobs in the city over the next five years.


The hidden winners of the pandemic’s e-commerce boom (REST OF WORLD)

As the pandemic pushes e-commerce profits to new heights, logistics companies are seizing the opportunity.


3 tips for SaaS founders forecasting their next fundraise (BETAKIT)

In a recent webcast, Sage Intacct’s David Appel spoke with Dave Kellogg and Mihir Jobalia about their forecasting tips for founders ready to raise.


Amazon keeps getting sued for paying drivers less than minimum wage (VICE)

In February, Seattle-area Amazon drivers received settlement notices that they’d won $8.2 million in a class action settlement pending court approval.


BetaKit Live: Leading Through Change (BETAKIT)

Entrepreneurs, business leaders, and members of the Canadian tech community join for a panel conversation on leading through change Tuesday, March 30.


How Pinduoduo beat Alibaba to become China’s top shopping site (WALL STREET JOURNAL)

The five-year-old company is the first challenger to loosen Alibaba and JD.com’s stranglehold over online consumption in the country.


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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.