R|T: The Retail Times – VarageSold

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

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Digital Main Street


BetaKit

Vancouver to add 1,000 jobs with new Amazon office, but no HQ2

1,000 new jobs and a 150,000 sq ft office by 2020 is a pretty nice consolation prize.


Digital Main Street

DMS RECOMMENDS: Sell it, lease it or close it. What’s your exit strategy?

By 2032, more than a half million small and mid-size business owners in Canada will transfer ownership to a buyer, sell their shares, lease their business to a new operator, or close their doors.


BetaKit

EMERGE acquires WagJag from Metroland Media Group

EMERGE now has 4 million members across a portfolio of five brands in Canada, the US, and the UK.


TechCrunch

Southeast Asian e-commerce startup Carousell closes $70-$80M Series C round

Started by three graduates from the National University of Singapore in 2012, Carousell operates a mobile-first listings service for second-hand goods and services in Southeast Asia, Taiwan and Hong Kong.


BetaKit

VarageSale fails to monetize in time, acquired by VerticalScope

Since 2012, VarageSale has raised $76 million CAD ($60 million USD) from investors like iNovia Capital, Real Ventures, and Version One Ventures.


Bloomberg Technology

Where retail has one edge on tech: mobile payment

Bloomberg News reported this week that Walmart Pay, the payments app from Wal-Mart Stores Inc., is on track to have more active users in the U.S. than Apple Pay by the end of 2018.


THR

This LA-based fashion tech company lets you design your own perfect outfit

Frilly is looking to revolutionize the bespoke clothing industry. The e-commerce shop (think of it as more of a virtual atelier) allows customers to scroll through different styles, customizing the silhouette.


BetaKit

Bruce Croxon says Shopify’s short-seller response falls short, but company’s metrics don’t

This is the 10th straight quarter where Shopify has outperformed market expectations.


TechCrunch

ShopBack raises $25M for its cash back shopping service in Southeast Asia

One of Southeast Asia’s lesser-known startups has come out from under the radar today after ShopBack, a cash back-focused e-commerce service, announced it has raised $25 million.


VentureBeat

Google to show estimated wait times for restaurants

Google’s estimates are based on aggregated, anonymized data from mobile users who have Location History activated on their device. The company has also used this data to predict how busy the parking is likely to be at a specific destination.


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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.