Shopify swaps CFO, COO amid financial downturn
CFO to exit following third quarter earnings report.
Retail
R|T: The Retail Times – Shopify to contest $40 million patent infringement verdict
Plus: Shopify warns merchants against using Amazon’s ‘Buy With Prime’ service.
Shopify plans to contest $40 million Express Mobile patent infringement verdict
Express Mobile has also sued Google, Meta, and Amazon for infringing its patents.
R|T: The Retail Times – Apple faces likelihood for DOJ lawsuit
Plus: Top Amazon seller Packable begins liquidating, job cuts after failed SPAC attempt.
Jombone closes $3.3 million to modernize the blue-collar staffing industry
Jombone aims to offer businesses an alternative to incumbent staffing agencies.
R|T: The Retail Times – Shopify collabs with creators and Gorgias
Plus: Wayfair and Apple make more layoffs, Zellers is resurrected.
Myplanet raises $14 million CAD to become leader in emerging ‘composable commerce’ market
Myplanet’s customers include New Balance, Harry Rosen, Telus.
Brüush Oral Care closes Nasdaq IPO with $15.5 million
Brüush missed its initial IPO target by $1.75 million.
R|T: The Retail Times – Groupon to focus on ‘mission critical activities’ following staff cuts
Plus: Alibaba reduced workforce by nearly 10,000 in three months.
Shopify launches ‘Collabs’ to directly connect creators with merchants
The program lets creators monetize and give merchants a new sales channel.
Home and auto insurance marketplace YouSet raises $2.1 million, launches in Ontario
The Montréal startup plants its feet in Ontario in preparation for a nationwide launch.
Interaxon secures $9.5 million USD to roll out subscription model for brain sensing headband, Muse
The subscription program is set to launch in Q1 next year.
R|T: The Retail Times – Lightspeed posts gains, Shopify invests
Plus: D2C startups not immune to downturn as Article, Mejuri make staff cuts.
D2C startups not immune to downturn as Article, Mejuri make staff cuts
Article and Mejuri have cut their workforces by 17 and 10 percent, respectively.
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
CEO: “There’s just a level of uncertainty right across the board.”