R|T: The Retail Times – Why Shopify thinks AR is the future of retail

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

Ritual’s Ray Reddy on how to scale when everything breaks

“The myth to be disproven is that we can’t build big, global companies in Toronto.”


Digital Main Street

DMS Recommends: Things your video marketing strategy must include

“One of the most popular and interesting strategies today is video marketing. These videos should be, but not necessarily, focused on your services and products. But they can also place and promote content relevant for your business through the medium of short or long form videos.”


torstar

This cashierless store uses AI and body language to catch shoplifters

Standard Market is the latest entry in the emerging fray of retail automation, where companies are throwing cameras, sensors and machine learning into grocery stores to replace the checkout line.


recode

Amazon’s new small-business product ‘feels like a trap,’ says Shopify’s CEO

Tobi Lütke thinks giving your business data to Amazon might not be a good idea.


pymnts.com

ALDI expands online grocery delivery to all US stores

The German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis.


techcrunch

Luxury fashion marketplace Farfetch closes at $28.45, up 42% on its first day of trading on NYSE

Farfetch was an early mover in the area of building e-commerce marketplaces specifically catering to the luxury fashion and other luxury goods industries.


fp

Why Shopify thinks augmented reality is the future of online retail

Apple smartphones with iOS 12 can create a digital simulation of what a product will look like, right in your home. No more too-big items to return.


techcrunch

TaskRabbit kicks off Canadian expansion

The on-demand network that connects people with “taskers,” or others willing to do their household chores or errands for a fee, is kicking off its Canadian expansion in the greater Toronto area before rolling out in Vancouver in October and Montreal sometime in 2019.


cnbc

Instagram launches new shopping features

Instagram announced two new updates to its app on Monday, making it easier for users to purchase items featured by businesses and influencers. Users will be able to click links to purchase items from stories and from the explore tab.


techcrunch

Zumper raises $46M more to take on Zillow and the rest with its apartment rental platform

This Series C was led by media giant Axel Springer and growth-stage investor Stereo Capital, with participation also from previous investors Dawn Capital, Kleiner Perkins Caufield & Byers (KPCB), Breyer Capital, Scott Cook, Goodwater Capital and xfund.


fortune

Bread raises $60 million to challenge store brand credit cards

New York-based Bread builds financing offers into the websites of retailers, ensuring customers can view a range of pay-over-time options without leaving the site. The company claims its service has boosted retailers top-line sales by an average of 15 percent.


geekwire

Amazon reportedly eyes opening up to 3,000 cashier-free Amazon Go stores by 2021

To get to that huge number in just two to three years would require Amazon to drastically up its expansion pace.


fortune

Delivery startup Postmates raises $300 million, joins Unicorn club

The funding was led by Tiger Global.


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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.