Weekly Industry Brief: 11.16.2015

Happy Monday! Check out industry highlights from the last week.  Sources can be found in the hyperlinked text after the headline.

Holiday:

  • H&M to close US stores on Thanksgiving. Link
  • Target keeps Thanksgiving opening at 6pm. Link
  • Don’t expect holiday far at Nordstrom until Black Friday. Link
  • Walmart scales back on Black Friday, offers longer-term discounts. Link
  • Walmart to offer most Black Friday promotions online first. Link

Brand/Retailer:

  • Apple’s Angela Ahrendts on where the company is taking retail next. Link
  • Postmates to buy Sosh, a service for discovering local activities. Link
  • Beats music to shut down on November 30. Link
  • J.C. Penney sales beat estimates, helped by Sephora. Link
  • Rent the Runway will launch everyday fashion rentals next year. Link
  • Urban Outfitters to buy Vetri restaurants. Link
  • How Revolve Clothing took its brand global. Link
  • Marriott buying Starwood in deal valued at $12.2B. Link
  • Yoox Net-a-Porter raises savings estimates amid merger benefits. Link
  • Fossil Group to buy wearable fitness company Misfit for $260M. Link
  • Kohl’s taps Reed Krakoff for its next collaboration. Link

Marketing/Social:

  • Tumblr rolls out instant messaging on both web and mobile. Link
  • YouTube launches its long-awaited music app. Link
  • Shopify launches an Instagram for classified listings. Link
  • Oscar winning filmmaker directs a short film for Canada Goose. Link
  • Facebook launches Notify, a notifications app. Link
  • Facebook adds photo recognition to messenger. Link
  • Snapchat says it has 6 billion video views a day. Link
  • Pinterest’s new tool lets you do searches using pictures. Link

Startups:

  • You can now request an Uber through Slack. Link
  • Cola, a new start-up introduces ways to do more in text messages. Link
  • Uber signs digital mapping deal with TomTom. Link

International:

  • Macy’s joins Singles’ Day debutantes in Chinese spending spree. Link
  • China shatters online shopping records in just 12 hours on Singles’ Day. Link
  • Alibaba to invest in U.S. startups as part of expansion plan. Link
  • Amazon may export delivery lessons from India to cut costs abroad. Link
  • Spain’s Mango to shut 450 U.S. sales outlets. Link
  • Facebook restricts more content in India than anywhere else. Link

Mobile/Emerging Tech:

  • Apple, banks in talks on mobile person-to-person payment service. Link
  • Apple may be launching Venmo competitor. Link
  • LG and Google introduce a phone-free smartwatch. Link
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