R|T: The Retail Times – When loyalty pays off

Retail

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

Shopify CEO Tobi Lütke to donate 1,000,001 trees, following one million customer milestone

One day after releasing its Q3 2019 report, which revealed that Shopify had reached one million users, CEO Tobi Lütke has pledged to donate 1,000,001 trees.


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BetaKit

How Capital One’s Digital for Good program tripled the number of charities it will empower with tech

74 percent of Canadian charities feel like the tech gap is harming their success. Here’s how Capital One Canada is hoping to change that.


TechCrunch

Choco raises $33.5M to bring restaurants and suppliers a modern ingredient ordering platform

There’s a big opportunity here, and Khachab has been growing the Choco team at breakneck speeds to ensure that it is the solution to beat.


Loyalty programs provide sales bump for retailers

Collecting data on purchase preferences helps forge closer customer relationships.


BetaKit

Shopify quarterly revenue growth slows as company hits million merchants

Shopify has released its Q3 2019 financial results, which ended September 30, 2019. The company is reporting total revenues of $390.6 million USD.


Mom and pop store digitalization startup raises $40 million in Series C financing

ElasticRun has built a last-mile logistics platform for the Indian market that helps improve the uptime of logistics assets while creating greater visibility into goods available at traditional mom and pop stores.


TechCrunch

Fountain, a platform for recruiting gig and hourly workers, raises $23M

This brings the total raised by Fountain, which previously was called OnboardIQ and had been incubated in Y Combinator, to $34 million.


B8ta snaps up $50M from investors, including Macy’s

Additionally, the company is launching Ark and the Ark Marketplace, a tech platform that enables retailers and retail landlords to use b8ta store technology to monetize their spaces, per the release.


BetaKit

Shopify taps Colin Bodell as VP engineering for Shopify Plus

E-commerce company Shopify has announced Colin Bodell will join as the company’s new vice president of engineering for Shopify Plus.


TechCrunch

Singapore’s Qoo10 acquires Indian online marketplace ShopClues

As of earlier this year, the company claimed it was handling more than 60,000 deliveries a day. It has built a network of more than 700,000 small and micro-merchants.


Porsche will let buyers skip the dealership and buy cars online

A new pilot program launching with 25 Porsche dealers will give potential owners a totally different purchasing experience.


TechCrunch

WeFarm rakes in $13M to grow its marketplace and network for independent farmers

Longer term, the aim will be to provide a place where small-holding farmers might be able to exchange goods with each other, or sell on what they are producing.


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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.