R|T: The Retail Times – Knix sells, Bruush to IPO, Tiggy halts operations
Plus: How Wish Built (and Fumbled) a Dollar Store for the Internet.
Retail
Shopify completes acquisition of Deliverr, plans launch of two-day and next-day delivery service
Shopify ‘Primes’ for head-to-head competition with Amazon.
R|T: The Retail Times – Clutch, StockX, Weee! cut staff, WanderJaunt closes, Enjoy files for bankruptcy
Plus: Tablz closes $3.2 million CAD to bring premium seating to the restaurant industry.
Electric toothbrush startup Bruush files to go public on Nasdaq with $17.25 million IPO
Bruush agreed to pay Kevin Hart a fresh $1.5 million to be a celebrity endorser.
US court partially rejects Urbx motion to dismiss Attabotics patent lawsuit
Only a portion of Attabotic’s claims are moving forward.
R|T: The Retail Times – Market downturn hits Ritual, Bonsai, Sonder
Plus: Amazon is running out of people to hire.
US companies Avanade, Nautical Commerce, Twilio, Dealpath plot Canadian expansions
All four plan to conduct a hiring spree amid a growing number of global tech layoffs.
Clutch cuts staff to extend runway, citing market conditions
The layoffs follow a $100 million Series B secured in 2021.
Tablz closes $3.2 million CAD to bring premium seating to the restaurant industry
Tablz wants to monetize restaurant tables like airplane seats.
After raising over $1 billion USD in the last year, Faire CTO says startup is poised for growth during market downturn
Despite present conditions, Faire hasn’t paused or slowed hiring, or made any layoffs.
Ritual lays off 16 percent of staff to “prepare for a recession”
As prospect of recession looms amid rising inflation, Ritual has laid off 23 employees.
Shopify employees told hiring will slow at town hall
E-commerce giant’s staff told to gird their loins.
Flipp acquires digital savings content platform Reebee
As grocery prices spike, Flipp and Reebee consolidate to help more Canadians save money.
R|T: The Retail Times – Swyft cuts, lightning-fast acquisitions
Plus: Rohlik bags $231M as market cools on food delivery startups.
Shopify rolls out new Editions showcase, unveiling wholesale offering, Twitter partnership
Much like the coinciding Apple keynote, one might consider Editions a rollout of Shopify’s latest e-commerce OS.