D2C travel lifestyle brand Monos closes $40.2 million CAD Series B round
After recording no revenue when the pandemic hit, Monos quickly pivoted to sterilization.
Retail
Shopify rolls out new employee compensation system to recruit, retain talent amid stock slump
Flex Comp took effect September 1, following a delay Shopify attributed to regulatory considerations.
R|T: The Retail Times – Shopify swaps key execs amid financial downturn
Plus: Microsoft invests in Travis Kalanick’s CloudKitchens startup.
SkipTheDishes lays off 350 employees following global workforce review by parent company Just Eat
Just Eat cited the need to ensure sustainable growth.
Shopify swaps CFO, COO amid financial downturn
CFO to exit following third quarter earnings report.
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.