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Lightspeed to acquire ShopKeep for $440 million USD, reports strong Q2 results
(BETAKIT)
Montréal-based Lightspeed announced it is set to acquire ShopKeep, a New York City-based leading cloud commerce platform provider.
Building an MVP with Bridgit COO Lauren Lake
Before a startup can land its first round of major financing, it needs an MVP. But how do entrepreneurs create a Minimal Viable Product?
On the #CIBCInnovationEconomy podcast, Bridgit COO Lauren Lake teaches us how she and CEO Mallorie Brodie disrupted the construction industry using a notepad and a box of donuts so you can change the world, too.
Walmart scraps plan to have robots scan shelves (WALL STREET JOURNAL)
Walmart Inc. has ended its effort to use roving robots in store aisles to keep track of its inventory, reversing a yearslong push to automate the task with the hulking machines after finding during the coronavirus pandemic that humans can help get similar results.
These women built careers in retail. The pandemic tore through their stores (NPR)
Retail is the most common job in America, and women hold the majority of jobs in clothing and department stores and gift and souvenir shops.
DoorDash and Instacart face brighter IPO prospects after ballot victory in California (CNBC)
DoorDash and Instacart contributed a combined $75 million to help pass Proposition 22 in California and keep their businesses intact.
With a PPE marketplace for businesses, Supply+Protect among latest startups born out of COVID-19 (BETAKIT)
A new startup has launched in Kitchener-Waterloo aimed to help Canadian businesses source sanitization products and PPE.
British online grocer Ocado, known for its automated warehouses, acquires two U.S. robotics companies (FORTUNE)
The acquisitions will bolster Ocado’s grocery technology, enabling the company and the other supermarkets it serves to replace some current warehouse workers.
Amazon plans for rural deliveries amid postal service problems (THE INFORMATION)
The move would take business away from the U.S. Postal Service, which now handles most of Amazon’s deliveries to remote addresses in the U.S.
FedEx is upgrading its tech for a holiday season in pandemic times (FC)
With people depending on deliveries more than ever, FedEx is calling in robots and adopting other gadgets to efficiently get packages where they’re going.
Russian online retailer Ozon plans potential $500 mln U.S. IPO (REUTERS)
Russian online retailer Ozon has filed for an initial public offering (IPO) in the United States, which financial market sources said could raise at least $500 million for the company’s expansion.
Alibaba, Richemont pour $1.1B into Farfetch (RETAIL DIVE)
Kering shareholder Artemis will invest $50 million to expand its ownership interest in Farfetch.
Willful, Cisco, and The Canadian Shield share how to lead with empathy and flexibility (BETAKIT)
Willful CEO Erin Bury, The Canadian Shield President Jeremy Hedges, and Cisco Designed’s Wayne Cuervo discuss how small businesses can survive and thrive.