WEEKLY INDUSTRY BRIEF: 2.16.2015

Happy Monday and Presidents’ Day.  If you have off today, enjoy it. Below is a recap I compiled of industry news over the last week.  All sources can be found in the hyper-linked text after the headline.

Retailer + Brand News:

  • Gap profit tops estimates as Old Navy holiday sales increase. Link
  • Moda Operandi raises another $60M. Link
  • Michael Kors opens largest store in Soho. Link
  • Yelp buys Eat24, an online food-ordering service for $134M. Link
  • Urban Outfitters climbs on strong Q4 sales. Link
  • Louis Vuitton shows logo isn’t dead as bags fly off shelves. Link
  • Amazon’s newest tool lets anyone host giveaways online. Link
  • Best Buy launches its first wedding registry. Link
  • Adore Me takes on Victoria’s Secret and other bigger lingerie rivals. Link
  • Jet.com raises $140M in new funding. Link
  • Barney’s New York launches a print magazine. Link
  • US retail sales decreased more than forecast in January. Link
  • Banana Republic makes its fashion week debut. Link
  • Timo Weiland eyes growth with first outside investment. Link
  • Inside Levi’s comeback plans. Link
  • Banana Republic, J.Crew invade fashion week to build cachet. Link
  • Walmart expands online grocery shopping efforts after strong repeat business. Link
  • Forever 21 arrives on Fifth Ave. Link

Social Media + Marketing:

  • Pinterest cuts off style bloggers by removing affiliate links. Link
  • Twitter to buy Niche, where social media stars meet advertisers. Link
  • Netflix House of Cards leak wasn’t a marketing ploy. Link
  • How style bloggers earn sales commissions one click at a time. Link
  • Facebook adding relevance scores so marketers know how good their ads are. Link
  • Marketing world says “meh” to Twitter’s ad syndication initiative. Link
  • YouTube content networks preparing for a more programmatic ad world. Link
  • Snapchat tries Our Stories for locals only. Link
  • Forbes puts native ad for Fidelity on its actual cover. Link
  • Pinterest working on a plan to introduce a buy button this year. Link

Start-ups:

  • Social shopping app Depop raises $8M, plans to break into US market. Link
  • Bucketfeet, a startup founded by a pair of backpackers, raises $7.5M. Link
  • Clothing rental startup Le Tote lands $8.8M in funding. Link
  • Bringg lets any business offer Uber-like experiences to their customers. Link
  • Wedding planning startup Loverly launches its own dress collection based on user search data. Link
  • Xiaomi becomes world’s most valuable tech startup. Link

International:

  • [APAC]
    • India may become Launchpad for Amazon’s fashion label. Link
    • eCommerce sales in China will reach $1 Trillion by 2019. Link
    • Kate Spade to shut brand stores while forming China venture. Link
    • Alibaba’s AliExpress sets its sights on Indonesia’s promising ecommerce market. Link
    • Alibaba’s TMall global site stumbles. Link
  • [EU]
    • British Fashion Council and eBay reprise London Fashion Week pop-up shop partnership. Link
    • European online retailer Zalando posts first annual operating profit. Link

Mobile, Tablet, + Wearables:

  • Kanye West Adidas campaign lives on with in-store, app-dependent concert tickets. Link
  • Placed wants to be the standard for measuring mobile ads and in-store visits. Link
  • Aiming to ease app discovery, Apple pairs with Pinterest. Link
  • First Dibs launches app. Link
  • Swatch plans smartwatch to compete with Apple. Link
  • Yahoo says mobile is key to new business sales goals. Link
  • Visa’s new fraud protection software will track customers’ smartphones. Link

Other

  • High-tech fashion redefines meaning of revealing clothing. Link
  • Merchandise blended in digital and physical showcase. Link
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