R|T: The Retail Times – Amazon begins more layoffs as Shopify employees brace for same
Plus: Walmart using AI to negotiate with vendors.
Retail
Shopify backs Nigeria-based FinTech Nomba in $30 million round
Nomba provides payments and banking tools for businesses.
RenoRun shuts down operations as it pursues sale of assets
RenoRun expects to close a purchase of its assets by no later than May 15.
Another round of layoffs hits Amazon employees in Canada
Roles have been terminated in Amazon’s PXT and cloud divisions.
R|T: The Retail Times – Shopify goes ‘stealth spear-fishing’ for tech talent
Plus: General Assembly sells its frozen pizza business.
RenoRun granted court extension in insolvency filing to pursue sale
RenoRun asked for extension amid “a high level” of interest from potential buyers.
How Super raised $85 million USD after rebranding from Snapcommerce
Snap, now “Super,” raised funding from execs at Shopify, Ancestry, Substack.
R|T: The Retail Times – E Inc. to delist from TSX, Sleep Country scoops up Casper’s Canadian operations
Plus: Product sampling startup Sampler acquires Abeo.
AI beauty lab Omy raises $11 million CAD to expand personalized skin care product line in North America
Omy launched its AI virtual skin consultant in 2020.
General Assembly takes slice out of business, sells frozen pizza line
General Assembly saw an over 40 percent decline in revenue from its frozen pizzas.
Tab Commerce closes $1 million USD to help restaurants manage expenses
After growing up in the industry, Tab Commerce’s CEO has returned to his roots.
Graphite Innovation & Technologies secures $10 million to help reduce emissions from marine shipping vessels
The Halifax startup provides sustainable coating for marine transportation.
R|T: The Retail Times – iGaming competition heats up in hot market
Plus: Walmart sees more than 2,000 job cuts in e-commerce warehouses.
Online vehicle retailer E Inc. to delist from TSX citing limited trading volumes
E Inc. expects to delist from the TSX on May 24.
Product sampling startup Sampler acquires Abeo to deepen footprint in beauty industry
Abeo has worked with beauty brands like Sephora, Glossier, Chanel.