R|T: The Retail Times – Retail Collision

Collision 2019

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BetaKit

Shopify surpasses revenue expectations in Q4 2019 financial results

The company’s fourth-quarter revenue also beat predictions, with a total revenue of $505.2 million. The announcement comes on the heels of news that Shopify recently let go of its chief marketing officer Jeff Weiser.


RECOMMENDED BY CALGARY ECONOMIC DEVELOPMENT:

Calgary-based fintech companies participating in inaugural financial accelerator

A new accelerator program focused on addressing the financial needs of Canadians is kicking off its inaugural cohort, and two of the four attendees are Calgary-based companies.


TechCrunch

ManoMano raises $139 million for its home improvement e-commerce platform

In 2019 alone, the company grew by 50%, with $666 million (€600 million) in gross merchandise value. While the company is still mostly active in France, its other markets (Spain, Italy, Germany and the U.K.) now represent a third of sales figures.


BetaKit

Collision releases women in tech tickets, announces two new stages for 2020

The Click & Mortar stage will cover transformation in the retail space. Speakers set to make an appearance on-stage include the vice president of environmental affairs at Patagonia, Rick Ridgeway, as well as Nicola Kilner, CEO of The Abnormal Beauty Company, Josh Luber, co-founder of StockX, and Ethan Song, co-founder and CEO of Frank & Oak.


Walmart’s text message-based Jetblack shopping service shuts down

Jetblack had been struggling to succeed for some time. The invite-only service only had about 600 members as of last summer, each of which was costing Walmart around $15,000 per year, thanks to delivery costs and the losses Walmart took in order to achieve its “low price” guarantee.


BetaKit

Nudge Rewards appoints new CRO, adds board members

Nudge Rewards also announced that Bryan Pearson and David Brennan will join as board members. Pearson is the former president and CEO of LoyaltyOne; Brennan, the chief financial officer at ecobee.


SoftBank-Backed Startup Pitched $3 Peanut Butter. Consumers Didn’t Bite.

Brandless, which sold generic household products online, all for one price, shut down this week after investors grew frustrated with losses.


Farmgirl Flowers became a multimillion dollar e-commerce startup without a penny in venture capital

Stembel’s business operates within the U.S. floriculture industry, a category including flowers, seeds and potted plants that brought in $34.8 billion in retail sales in 2019.


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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.