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New proposed parameters for emergency wage subsidy that would be in place until December (BETAKIT)
The federal government has revealed what the Canada Emergency Wage Subsidy could look like until the end of its tenth period in December.
Surging online sales drive growth for Shopify’s fulfillment service (WALL STREET JOURNAL)
The expanded business for handling physical goods is part of the growing demand Shopify has seen for its main business providing the digital tools for retailers to reach consumers online.
Food delivery apps cut some restaurant fees amid surging demand due to COVID-19 (CBC)
Food delivery services like Uber Eats and Skip the Dishes are adjusting the fees they charge restaurants to process and handle orders, after pressure from politicians to do more to help an industry that has been devastated by COVID-19.
Miniso Canada investors protest Chinese parent company (RETAIL INSIDER)
Canadian investors in Miniso stores are suing Miniso’s Chinese parent company as well as those involved in the Canadian division. The investors are also protesting the Chinese company’s actions amid struggles following COVID-19 shutdowns.
Nuvemshop bags $30M Series C to scale Latam online businesses (CRUNCHBASE)
Latin American commerce platform Nuvemshop raised $30 million in Series C funding to help small and medium-sized businesses develop and promote their own online presence.
Amazon’s Prime Day sales jumped 36% — signaling a blockbuster holiday for e-commerce (FORTUNE)
Pandemic or no, shoppers poured more money into Amazon.com’s 2020 annual Prime Day shopping bacchanal than they did during last year’s sale.
TikTok is driving massive toy sales as play dates become less frequent during pandemic (CNBC)
Social media influencers were the fourth-most cited reason for someone making a toy purchase.
Shipt’s ‘effort-based’ model is cutting pay for 40% of workers, study shows (GIZMODO)
Among the pool of Shoppers who are making less, the average grocery trip is netting them 11% less than it would have under V1 pay.
Small business payments and marketing startup Fivestars raises $52.5M (TECHCRUNCH)
It’s a difficult time for small businesses — to put it mildly. And Fivestars CEO Victor Ho said that many of the big digital platforms aren’t really helping.
Retail sales, card data point to continued consumer spending rebound (PYMNTS)
The main driver of the economy – that would be consumer spending – remains intact.