GoBolt lays off five percent of staff shortly after $75 million raise, citing worsening consumer demand
With cuts, GoBolt shifts focus away from SMBs to mid-market, enterprise merchants.
Retail
Descartes Systems Group acquires shipment management SaaS provider Supply Vision for $16 million CAD
With the purchase, Descartes wants to increase its shipment management capabilities.
Bird Canada takes international counterpart Bird Global under its wing in merger
A Canadian management team will be established at Bird Global.
Salesforce layoffs show Canadian employees caught in ongoing Big Tech cuts
Layoffs at major US tech firms continue to hit Canada, Salesforce joins Amazon, Meta, Twitter.
Ackroo acquires Simpliconnect to bolster client base
The payment solutions startup absorbs 60 clients in 350 locations in the process.
Shopify launches commerce stack for enterprise retail
Commerce Components will target retailers with billions in sales like Mattel, Staples.
R|T: The Retail Times – Shopify abandons The Well
Plus: Saas-based hotel management platform raises $185 million.
Layoffs persist at Canadian tech companies amid bleak outlook for 2023
FreshBooks, Thinkific, Revelate, Bridgit among latest firms to cut staff amid downturn.
Shopify’s Ria Bhavnani shares the company’s approach to pricing
“Maybe it’s more relevant in this market, but you should always be thinking about pricing.”
R|T: The Retail Times – Michael Rubin’s Fanatics has $700 million for more acquisitions
Plus: GoBolt, Elastic Path, CommerceBear secure new funding.
Frate secures $2 million CAD to make e-commerce returns sustainable, cost-effective
“We turn customers’ houses into warehouses, and also fulfillment centers.”
Commerce startup Elastic Path secures additional $30 million from existing investors
The Vancouver company claims leadership in the composable commerce movement.
R|T: The Retail Times – Inside Shopify’s historic Black Friday-Cyber Monday
Plus: DoorDash cuts 1250 jobs.
CommerceBear raises $10.5 million USD to modernize outdated furniture e-commerce market
CommerceBear wants to create easy access to channels like Wayfair.