R|T: The Retail Times – Walmart overtakes Amazon

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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

Lightspeed reports COVID-19 has reduced demand for its e-commerce services, as restuarants, retailers heavily affected

Lightspeed is reporting positive momentum through most of Q4, but is forecasting that COVID-19 will have a negative impact on its financial performance.


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TechCrunch

Walmart Grocery app sees record downloads amid COVID-19, surpasses Amazon by 20%

The Walmart Grocery application retained that No. 1 position for at least two days, the firm said, citing data from both the Google Play store and the Apple App Store, combined.


BetaKit

Mejuri lays off 15 percent of staff as it’s forced to close all retail stores due to pandemic

E-commerce fine jewelry startup Mejuri has laid off 15 percent of its team and has closed all of its retail stores due to the COVID-19 pandemic.


Startup Away furloughs half of its staff and lays off 60 employees

Buzzy luggage startup Away has furloughed half of its staff and laid off 60 employees as the coronavirus continues to crush the travel industry.


BetaKit

Banks open up applications for $40,000 interest-free emergency business loans

On Thursday, April 9, banks officially opened up applications for the $40,000 interest-free loan program introduced as a way to support small businesses.


Bringg raises $30 million for a logistics platform that helps companies compete with Amazon

The raise comes as demand for delivery services has surged over the past month, with consumers and businesses forced into lockdown due to the COVID-19 crisis.


BetaKit

Canadian Advanced Technology Alliance urges feds to release backlogged SR&ED funding

The Canadian Advanced Technology Alliance submitted a funding proposal to the federal government to preserve tech jobs and companies during COVID-19.


TechCrunch

With $8 million to consolidate Amazon’s top marketplace sellers, Perch makes its first deals

After raising $8 million in November to roll up top Amazon marketplace companies, the new Boston-based startup Perch has begun putting that money to work in its first few deals.


BetaKit

BDC launches matching investment program for Canadian VC-backed companies affected by COVID-19

A letter shared by the CVCA says BDC Capital has launched the Bridge Financing Program meant to support venture-backed companies with matching investments.


Pinterest adds new ‘shop’ tabs and curated style guides

Pinterest on Tuesday announced new features to help consumers find and buy goods via search, Pinterest boards, Pinterest pins and curated style guides, according to a press release emailed to Retail Dive.


BetaKit

ResQ uses platform to help service industry deliver meals to frontline workers in Toronto

ResQ is raising donations to buy meals from its partner restaurants, and delivering them to deliver food to front line workers and patients facing COVID-19.


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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.