R|T: The Retail Times – The best hope to combat Amazon

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!


betakit

Sampler raises $3 million Series A to build CPG brands’ best hope to combat Amazon

“Amazon can have Amazon,” Chevrier said. “We’ll have the other top ten.”


cnbc

Amazon’s China unit is reportedly considering a merger. That’s ‘too little too late,’ expert says

Anthony Chukumba, managing director of Chicago-based firm Loop Capital, said any deal is likely to be “too little too late” for the American e-commerce giant’s China goals.


bk

North lays off a reported 150 employees, government suspends investment

The Kitchener-Waterloo-based company received $24 million from the federal government in December through the Strategic Investment Fund, which has now been suspended.


bbc

BMW and Daimler invest €1bn in new car venture

BMW and Daimler have unveiled a joint venture covering new-generation services such as driverless vehicles, ride-hailing, and pay-per-use cars.


techcrunch

Clutter confirms SoftBank-led $200M investment for its on-demand storage service

The startup is one of a number of companies that provide storage options for consumers who don’t want to part with items but equally don’t have the capacity to keep it where they live.


bk

Influitive receives $10 million in equity and debt financing

Toronto-based Influitive is also planning to open a new office in Halifax.


retaildive

Etsy error results in unauthorized withdrawals from sellers’ accounts

A payment error on Friday resulted in a number of Etsy sellers discovering that money had been taken out of bank accounts which were connected to their Etsy stores.


techcrunch

JD.com’s drones take flight to Japan in partnership with Rakuten

Rakuten, the Japanese e-commerce giant, just announced a partnership with JD that will see its drones and unmanned vehicles become a part of Rakuten’s own unmanned delivery service efforts.


cnbc

Food-delivery company DoorDash valued at $7.1 billion in new fund-raising round, nearly double from six months ago

The funding was co-led by Singapore state investment firm Temasek Holdings and Dragoneer Investment Group.


techcrunch

Showfields raises $9M for a more flexible approach to brick-and-mortar retail

The seed funding was led by Hanaco Ventures, with participation from SWaN & Legend Venture Partners, Rainfall Ventures, Communitas Capital and IMAX CEO Richard Gelfond.


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.