The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.
Subscribe to R|T using the form at the bottom of this page to ensure you don’t miss out on the most important retail tech news every week!
Shopify revenue grows 97 percent in Q2 2020 as large number of retailers join platform (BETAKIT)
Shopify has released its financial results for Q2 2020, the period which ended June 30, 2020; recording a total revenue of $714.3 million, a 97 percent increase.
AB Tasty raises $40 million to optimize e-commerce user experience (TECHCRUNCH)
The startup is focused on improving user experience on e-commerce platforms, travel portals, fashion websites and more.
Costco now offering delivery for Canadian customers (PROGRESSIVE GROCER)
Instacart and Costco have partnered to launch same-day delivery from 76 Costco warehouses across Canada.
Under Armour CEO Patrik Frisk says ‘tentative’ shoppers are here to stay thanks to pandemic (CNBC)
“We think that kind of tentative approach from the consumer is going to stay,” Under Armour Chief Executive Patrik Frisk said.
Swiss startup Advertima raises €15 million to make smart retail spaces a reality (EU STARTUPS)
The fresh funds will be used to develop the platform on a global scale and strengthen the startup’s position in the smart spaces market.
Laura’s Shoppe obtains creditor protection as Canadian retailers struggle with the pandemic (THE GLOBE AND MAIL)
Another Canadian retailer has obtained creditor protection as the impact of the COVID-19 pandemic continues to reverberate through the industry.
DavidsTea will only reopen 18 stores in Canada, down from 186 before pandemic (CBC)
DavidsTea’s shift to selling primarily online will see the chain reopen 18 stores across Canada, a significant drop from the 186 it had before it closed all of its locations when COVID-19 hit.
Flipkart to launch hyperlocal delivery services starting with Bengaluru (ECONOMIC TIMES)
Flipkart will leverage the last-mile capabilities of logistics startup Shadowfax, in which it invested $60 million last year, in order to facilitate its entry into the segment.
byrd swoops in on $5.8M Series A to help retailers capitalize on e-commerce boom (CRUNCHBASE)
Logistics startup byrd secured a $5.8 million Series A round of funding to advance its global fulfillment platform.
