Hope everyone in the US enjoyed a long weekend! Below is a recap of industry highlights over the last week. Sources can be found in the hyper-linked text after the headline.
Brand/Retailer:
- FAO Schwarz’s Manhattan store to close in July as rents rise. Link
- Target to focus on fresh, healthy foods. Link
- Etsy plunges 13% after reporting its first-quarter financial performance. Link
- WordPress sets its sights on ecommerce. Link
- Net-a-porter is still in the red but losing a lot less money. Link
- eBay preps Amazon Prime competitor. Link
- Kate Spade partners with startup Everpurse to sell iPhone-charging bags. Link
- Amazon Prime Now adds local stores in Manhattan. Link
- Gap’s brand revival may take a few more seasons. Link
- Fast fashion has completely disrupted apparel retail. Link
- Retailers digitize the fitting room experience. Link
- Kohl’s to open off-price outlet. Link
- Target goes upscale. Link
- American Eagle launching new clothing brand to lure back teens. Link
- Anthropologie’s dresses miss tests loyalty. Link
- H&M to open biggest store yet in Herald Square. Link
- Marissa Webb’s first designs for Banana Republic aren’t hitting the mark with shoppers. Link
- Gap meets estimates as Old Navy helps prop up retailer. Link
- Ann Inc. tops 1Q profit forecasts. Link
Marketing/Social:
- Google adds tweets to mobile search results. Link
- Pinterest unveils its first video-like ad and new ad pricing models. Link
- Spotify launches video streaming. Link
- Mondelez bets big on ecommerce with shoppable ads and ‘buy now’ buttons. Link
- Bitly launches audience intel to give marketers more data on how content is shared. Link
- Google’s mobile buy button is an Instant Articles for retailers. Link
- Google wants YouTube viewers to shop while they watch. Link
- Pinterest bolsters ads with cinematic pins. Link
- Instagram’s cool questioned as it starts emailing users with ‘highlights.’ Link
Start-ups:
- Flipkart is valued at $15B after latest funding. Link
- Booze on-demand service Drizly lands $13M to expand. Link
- Izberg marketplace turns any website into an ecommerce marketplace. Link
- Mode Media (formerly Glam Media) raises $30M for lifestyle media publishing platform. Link
- 6Tribes is a social networking app that wants to make tribes of ‘foodies’ and ‘coffee geeks.’ Link
International:
- Singapore’s postal service reinvents itself for the digital age. Link
- Expedia sells majority stake in Chinese partner eLong for $671M. Link
- eBay plots European growth with click-and-collect expansion. Link
- China cuts import tax on clothes and other goods. Link
- Alibaba’s latest gambit in fighting fakes: foster local brands. Link
Mobile/Emerging Tech:
- Messaging app Line is testing a music streaming service. Link
- PayPal’s instant checkout now works with bigcommerce, no longer requires app. Link
- Target will roll out RFID price tags to improve inventory management. Link
- Fetch offers AI-powered Apple Watch app. Link
- Apple’s new streaming service might cause delay in Apple TV launch. Link
- Montblanc to Apple: Our Swiss smartwatch will outlast yours. Link
Misc.: