Hello! Industry news from the last week. Sources in the hyperlinked text after the headline. Have a great week!
Brand/Retailer:
- Amazon Prime credit card will give you 5% cash back. Link
- AirBnB launches new product to attract business travelers. Link
- Apple profit up 38% but iPhone sales disappoint Wall Street. Link
- Amazon spikes 14% after it reports surprise Q2 profit and better-than-expected revenue. Link
- Etsy attracting more short sellers. Link
- Moda Operandi’s co-founder is shutting down Tinker Tailor. Link
- Rocket Internet says portfolio value is up 47% from IPO. Link
- Everlane appoints former Gap creative director Rebekka Bay as head of product and design. Link
- Comcast in talks with multiple new media firms. Link
- Inside the fight for survival at Gap, J.Crew and Abercrombie. Link
- Neiman Marcus partners with The RealReal to expand in-store consignment. Link
- Macy’s to expand same-day delivery to new markets. Link
- Stores like Bass Pro Shops and Restoration Hardware adding bars and restaurants to encourage lingering. Link
- Dolce & Gabbana launches capsule collection on Net-a-porter. Link
- Limited Too is back for millennial moms and their tweens. Link
- Nordstrom launches personal shopping service for women under Trunk Club brand. Link
- Amazon showrooming forces stores to go digital on price displays. Link
- Converse wants chucks to feel like Nikes. Link
- Inside Mercantile, J.Crew’s bet on cheaper clothes. Link
- Tory Burch to launch Tory Sport. Link
Marketing/Social:
- The Gap forms partnerships with companies from Birch Box to Virgin Hotels to boost business. Link
- YouTube offers a solution to the vertical video problem. Link
- Meerkat will now let you live-stream video from GoPro. Link
- Print Renaissance: independent fashion magazines in an increasingly digital world. Link
- Forever 21 turns your Instagram photos into real-time, real life portraits. Link
- Victoria’s Secret ranks first in social popularity. Link
- Nordstrom goes big with rooftop Instagram installation to promote sale. Link
- YouTube chief pushes ahead with subscriptions despite questions. Link
- Twitter introduces event-based ad targeting. Link
Startups:
- eBay acquires San Francisco-based consignment, Twice. Link
- Jet.com uses clever tactic to save money. Link
International:
- Starbucks to launch mobile ordering in UK. Link
- Taylor Swift to sell clothing on JD.com for Chinese shoppers. Link
- How Burberry is building its Japan business. Link
- F21 Red is coming to Canada. Link
- eBay-backed Asian ecommerce company Giosis lands $82M in funding. Link
- Facebook and other tech giants expand internet access in Africa. Link
- From jewelry to hotels, Hong Kong business feel China’s pain. Link
Mobile/Emerging Tech:
- New York Times will offer free articles on the Starbucks app starting next year. Link
- Number of mobile retail websites using responsive design more than doubles since 2014. Link
- Starbucks joins with Lyft on loyalty program in app. Link
- Apple Watch to be sold at Best Buy. Link
- Apple Music, iTunes and App Store suffer outages. Link