R|T: The Retail Times – Shopify is number one

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Online grocery startup Goodfood to open new fulfillment centre in Toronto (BETAKIT)

Montréal-based Goodfood Market, an online grocery and meal-kit startup, has signed a lease for a new first fulfillment centre in the Greater Toronto Area.

AR is the answer to plummeting retail sales during lockdown (TECHCRUNCH)

A so-called retail apocalypse may seem inevitable, but in these challenging times, it is more important than ever to look at how technology can turn the tide.

Shopify begins expansion of fulfillment network to Canadian merchants amid COVID-19 (BETAKIT)

Shopify has begun expanding its fulfillment network to Canadian merchants as the company continues to develop the product-market fit its Amazon-style offering.

Burst Oral Care gets more funding in round led by Goldman Sachs BIZJOURNALS)

Burst Oral Care, which makes electric toothbrushes and related products, has received additional financing to expand its product line and market reach.

New federal council to seek input from “industrial sectors” on challenges created by COVID-19 (BETAKIT)

The federal government is establishing an Industry Strategy Council aimed to allow industry to share challenges faced by different sectors during the pandemic.

Edited raises $29 million to optimize product pricing with AI (VENTUREBEAT)

CEO Geoff Watts said the tranche will be put toward R&D and hiring as the company expands its global presence.

Shopify launches new POS connecting brick-and-mortar with online sales (BETAKIT)

Shopify launched what it is calling “a fully rebuilt and reimagined” Shopify POS on Monday.

Singapore’s Ninja Van delivery startup raises $279M (PYMNTS)

Parcel delivery startup Ninja Van, working in overdrive during the pandemic, ended a funding round with $279 million.

Federal government extends 75% emergency wage subsidy beyond June (BETAKIT)

The federal government has extended the $73 billion Canada Emergency Wage Subsidy (CEWS) program beyond June.

Hydrant raises $5.7 million Series A to help consumers hydrate faster (TECHCRUNCH)

This brings total funding to $8.8 million for the company, who was previously backed by Soma Capital, Sixers Innovation Lab, as well as several angels and other funds.

Shopify sees 47 percent revenue growth in Q1 2020 amid impacts of COVID-19 (BETAKIT)

Shopify has released its financial results for Q1 2020, the period which ended March 31, 2020. With a total revenue of $470 million, Shopify saw a 47 percent increase from the comparable quarter in 2019.

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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