Happy Tuesday! Here is your weekly industry recap of news from the last week. Sources can be found in the hyperlinked text after the headline.
Brand/Retailer:
- Online shopping forces shift in inventory strategies. Link
- Nordstrom to integrate Trunk Club ops, cut jobs. Link
- Walmart squares up against Amazon with 2-day delivery across the U.S. Link
- Amazon Prime day is back on July 12. Link
- Adidas and Kanye West expand their partnership with planned sports gear and Yeezy retail stores. Link
- VF Corp sells contemporary brands segment for $120 million. Link
- Mac’s new initiative aims to expand the brand’s relationship with fashion. Link
- Zalando driving innovation with diversity. Link
- Synthetic spider silk could be the biggest technological advance in clothing since nylon. Link
- Amazon is quietly eliminating list prices. Link
- Netflix is coming to Comcast cable TV. Link
- LVMH is looking for startups to bring personalization to its brands. Link
- Nike co-founder Phil Knight retires from board. Link
- Reformation is opening new stores, first up in San Francisco. Link
- Amazon begins selling perishable private-label foods. Link
- Victoria’s Secret promotes bras without padding as it responds to athleisure trend. Link
- UPS adds locker locations for shipment pickups. Link
Marketing/Social:
- Instagram’s evolution as a business platform. Link
- How Time Inc’s new video-only platform hopes to unearth the next big digital star. Link
- Farfetch teams with Apple on music channel for fashion site. Link
- Chipotle launches loyalty program to get customers and data. Link
- Facebook puts friends above publishers in “News Feed Values” and ranking change. Link
- Twitter is putting together a team focused on VR and AR. Link
- Pinterest is soon launching a way to search for products with your smartphone camera. Link
- Twitter estimates that it has 10 million users in China. Link
Start Up:
- A drone start-up explores underwater. Link
- HourlyNerd, the Uber of business consultants, snags $22M. Link
- Mattress startup Casper to sell via West Elm and internationally. Link
International:
- A South Korean copy of Snapchat takes off in Asia. Link
- Brexit gives Europeans $15,000 discount on Cartier watch. Link
- China’s JD.com says Brexit could boost imports of British goods. Link
- Brexit vote sends tourists flocking to London to purchase luxury goods. Link
- eCommerce winners and losers in the wake of Brexit. Link
- The consolidation of India’s overcrowded e-commerce sector has begun. Link
- Alibaba has a new online system to remove fake goods from its site. Link
- JD.com loses luster as hedge funds backpedal amid slowing growth. Link
- Alibaba’s plans for online to offline go off track. Link
Mobile/Emerging Tech:
- NBC will offer 85 hours of VR Olympics programming, courtesy of Samsung. Link
- Wireless generation: why sports bras and bralettes are disrupting women’s underwear. Link
- Rimmel’s new augmented reality app lets users nab real life makeup looks. Link
- How augmented reality and iOT will recreate business environments. Link
