R|T: The Retail Times – Retail rollercoaster


The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.

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Shopify announces initial $5 million USD in investments through sustainability fund (BETAKIT)

One year after the launch of its Sustainability Fund, e-commerce giant Shopify has announced investments into 11 cleantech companies through the fund.

Sophie Hill on the changing face of retail and surviving 2020 (TECHCRUNCH)

COVID-19 has put retail — and the rest of us — on a roller coaster. For some it has minted millions, with captive audiences realizing that they really, really hate that couch and it’s finally time to replace it.

Lightspeed POS closes NYSE initial public offering at $397 million USD (BETAKIT)

Lightspeed POS has closed its initial public offering in the United States at $397.7 million USD.

Canadian retail sales slow after surpassing pandemic losses (BNN BLOOMBERG)

Gains for Canadian retailers slowed sharply in July and August, suggesting pent-up demand from prior months has been largely extinguished.

Nuvei prices initial public offering at $26 USD, set to begin public trading next week (BETAKIT)

Montréal-based Nuvei has officially set the price of its much-anticipated initial public offering on the Toronto Stock Exchange at $26 USD per share.

Retail landlords offer pandemic clauses in new leases (WALL STREET JOURNAL)

Some agreements will allow tenants to defer some rent if the government orders another shutdown related to coronavirus.

Ownr, Staples, Shopify, Moneris launch $200,000 fund for entrepreneur hopefuls (BETAKIT)

Ownr has partnered with Staples, Shopify, and Moneris Solutions to launch a $200,000 fund for aspiring entrepreneurs.

Is the world’s largest retailer letting Amazon set the rules? (RETAILDIVE)

Given its relatively small assortment available for same-day delivery and the lack of less practical but more fun perks like streaming content, several observers have deemed Walmart+ a weakling against Amazon Prime.

Baby goods marketplace Rebelstork raises $2 million seed round (BETAKIT)

Toronto-based e-commerce startup Rebelstork, which has developed an online marketplace for buying and selling baby gear, has closed a $2 million CAD seed round.

New $185M growth investment will fuel AppDirect’s global expansion (CRUNCHBASE)

Businesses looking for digital services ranging from telecommunications to SaaS, whether to offer them or even resell them, can use AppDirect’s subscription commerce platform.

Montréal sets new funding record with two massive travel tech deals in Q2 2020 (BETAKIT)

Montréal tech companies raised a record $566 million in venture funding over the second quarter of the year as the COVID-19 pandemic hit Canadian tech.

Canada’s biggest mall owner gambled on American Dream. Then came COVID (CBC)

VIP cocktail parties, DJs, dancers, fashion shows, balloons and much more — opening day at the Canadian-owned U.S. megamall called American Dream had been planned for maximum effect and excitement.

Futurist Amy Webb explains why COVID-19 is forcing businesses to ask new questions about data, trust (BETAKIT)

Amy Webb, CEO of the Future Today Institute and Debbie Gamble, chief officer of innovation labs and new ventures at Interac talk data, trust, and COVID-19.

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.

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