Weekly Industry Brief: 1.11.2016

Here are some of the things that happened over the last week in retail, technology, and fashion. All sources can be found in the hyperlinked text after the headline.

Have a great week!

Brand/Retailer:

  • Apple Music now has more than 10M subscribers. Link
  • Warm weather cost apparel stores hundreds of millions this fall and winter. Link
  • Ace to open hotel in New Orleans. Link
  • Hudon’s Bay to acquire Gilt Groupe for $250M. Link
  • What’s next for the American department store? Link
  • Why Finish Line is closing 150 stores even though ‘athleisure’ is booming. Link
  • Off-price retailers like TJ Maxx and Ross are thriving. Link
  • Holiday sales rise but not all retailers are cheery. Link
  • Holiday season winners and losers. Link
  • LuLuLemon reaches a turning point. Link
  • Macy’s slashes 4,000 jobs after huge drop in holiday season sales. Link
  • Old Navy sales tumble. Link
  • Kohl’s is debating whether to take itself private or break up the company. Link

Marketing/Social:

  • Instagram is now curating videos about live events. Link
  • Snapchat is building its own ad platform. Link
  • Target partnering with SoulCycle. Link
  • Burberry debuts on Apple TV with menswear fashion show. Link
  • Longer tweets said to be coming soon to Twitter. Link
  • What lies ahead for marketing in an increasingly ad-free future. Link
  • The White House joins Snapchat. Link
  • Burberry runs lunar New Year WeChat campaign. Link
  • Twitter wants to let brands turn your tweets into ads. Link

Startup:

  • How this bootstrapped company, Homepolish, is competing with a rival that raised $200M. Link
  • Japan’s fashion rental service AirCloset snags $8M. Link

International:

  • Amazon is letting UK shoppers to buy now, pay later. Link
  • Hong Kong retail sales figures fall for 12th straight month. Link
  • Wayfair roles out Canadian ecommerce site. Link
  • What Amazon Prime is like around the world. Link
  • Louis Vuitton sues counterfeit online sellers in China. Link
  • Victoria’s Secret to open first Southeast Asia flagship in Singapore. Link
  • Dolce & Gabbana appeals to Muslim consumers. Link

Mobile/Wearbles/Emerging Technology:

  • Under Armour gets serious about fitness tech with HealthBox, a big box of gadgets. Link
  • L’Oreal unveils smart skincare patch at CES. Link
  • Samsung’s smart clothes are wearables you’d actually wear. Link
  • Fashion icon Iris Apfel is designing wearables for Wisewear. Link
  • Apple acquires startup that reads emotions from facial expression. Link
  • Apple rolls out new betas across its platforms. Link
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