The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe. Subscribe to R|T using this form to ensure you don’t miss out on the most important retail tech news every week! The best-paid Shopify executive is a relatively new face in the leadership suite: Kaz Nejatian, chief operating officer since September, 2022, who has earned US$116.7-million over the past three years.
The figure includes US$76-million in total compensation in 2023. The pay, which came largely through stock and option awards, is nearly twice the US$60-million chief executive officer Tobias Lütke made from 2021 to 2023 and nearly five times the US$24.9-million president Harley Finkelstein received.
( ) Montréal-based Lightspeed Commerce saw its stock jump 15 percent on the Toronto Stock Exchange at market open Thursday as it reported strong year-over-year revenue growth in the fourth quarter and announced founder Dax Dasilva would remain as its permanent CEO. Dasilva said the strong fourth quarter is bringing Lightspeed into a new fiscal year with a revitalized sense of energy and purpose, and that he is excited to guide the company through its next steps, which include sustainable and profitable growth. ( ) A Canadian clothing empire’s shareholders must soon decide whether ex-CEO Glenn Chamandy is the right man for its future – and assess his past, including labour-abuse allegations in Central America.
On Dec. 11, Gildan’s board shocked the market by anno.
