Shopify shareholders approve increased voting power for CEO Tobi Lütke, 10-for-1 stock split
It’s still the Tobi Lütke show at Shopify.
Retail
Hopper rolls out new FinTech products as it aims to build a “travel super app”
CEO says FinTech products make B2B play more sticky.
Shopify finds conflict minerals in its third-party manufactured components
US, EU require conflict minerals reporting; Canada does not.
Lightspeed turns NuOrder acquisition into new B2B supplier network
Lightspeed B2B “last step” in Lightspeed’s plan to turn bevy of acquisitions into new products.
R|T: The Retail Times – “Ready-to-eat” gets funding fuel while grocery delivery grinds to a halt
Plus: Shopify takes heat from ISS over plan to give CEO more power.
Acquisitions drive revenues at Emerge Commerce and Plurilock Security
Both companies report revenue increases for the first quarter of 2022.
R|T: The Retail Times – Shopify is testing Shop Cash
Plus: Lightspeed sees a path to profitability.
WeCook raises $40 million to fuel expansion of “ready-to-eat” meal service
Financing from Claridge fund focused on supporting Québec food processing firms.
Led by former Shopify executive, on-demand delivery service Trexity raises $5 million for Canadian expansion
Trexity helped pioneer a subscription delivery service for Kettleman’s Bagel.
Shopify beta testing new rewards program, Shop Cash
Shopify’s latest Shop app experiment ratchets up potential competition with Amazon.
Ex-Shopify GM leads ReturnBear into more Cadillac Fairview malls with national expansion
ReturnBear is bullish on consolidating returns processing for e-commerce retailers.
Lightspeed sees path to profitability despite posting $146.1 million loss in fiscal Q4
Lightspeed’s fourth-quarter revenue grew by 78 percent year-over-year.
Shopify, Crypto.com partnership allows merchants to accept crypto payments
Shopify has been quietly adding crypto payment integrations to its platform.
Payment network giant Affirm extends its partnership with Shopify
Multi-year agreement extension cements Affirm as exclusive Shopify provider.