Wowsa. It’s already August. Here is your weekly brief of industry news I’ve collected from around the web. Sources can be found in the hyperlinked text after the headline.

Weekly Industry Brief 8.1.2016

Brand/Retailer:

• L’oreal to acquire IT cosmetics in $1.2B deal. Link
• Amazon delivers huge profits in second quarter blowout. Link
• Macy’s, Nordstrom fight for identity in an off-price retail world. Link
• Walgreens to shutdown ecommerce site Drugstore.com. Link
• Dollar General buys Walmart Express stores, to sell fresh produce. Link
• How Adidas wiped out a chunk of its own management to drive growth. Link
• How Lululemon equipped Canadian Olympians for Rio. Link
• Peek inside Apple’s first Brooklyn store. Link
• What the changing tenant list in Times Square says about retail. Link
• Luxottica cuts 2016 outlook as U.S. weakness hits profits. Link
• Giant shopping mall company Westfield is turning to 10 startups to breathe new life into retail. Link
• Under Armour founder Kevin Plank’s $5.5B plan for Baltimore. Link
• Google follows Facebook with an amazing quarter of results. Link
• Starbucks’ Schultz to step back, focus on high-end strategy. Link
• Jennifer Lopez and Guiseppe Zanotti launching footwear and handbags together. Link
• How Lovely Bride founder built a wedding chain for cool girls. Link

Marketing/Social:

• Inside the Revolve house, the buzziest brand activation of the summer. Link
• What to expect from Abercrombie’s new and improved look. Link
• Amy Schumer is joining Old Navy’s roster of funny girls. Link
• Vice Media makes another fashion acquisition. Link
• Reddit, the anti-corporate corner of the internet will soon allow brands to sponsor regular posts. Link
• Madewell’s 24-day denim campaign includes a Goop jumpsuit. Link
• Ralph Lauren comes back to TV after 8 years for Olympic spot. Link
• Instagram, the $50B grand slam driving Facebook’s future. Link

Start Up:

• Good Eggs raises $15M to expand across the US. Link
• This New York based start-up accelerator is supporting the next generation of retail disrupters. Link

International:

• Flipkart buys Jabong for $70M. Link
• China’s Didi Chuxing buys Uber China. Link
• India will finally get affordable, homegrown versions of Zara and H&M. Link
• Longchamp plans to open six stores in India. Link
• Burberry buys up remaining stake of retail operation in China. Link
• Amazon takes on Alibaba with Japan portal for Chinese shoppers. Link
• China’s shopping craze fills wallets. Link
• Hong Kong’s swank generation of fashion bloggers turning hobbies into careers. Link
• Alibaba and insurer AXA join to calm global customers worried about fakes. Link

Mobile/Emerging Tech:

• Beauty shopping augmented with new mobile apps. Link
• Alibaba launches Buy+, using VR to make shopping more interactive. Link
• Facebook has really big plans for virtual reality. Link
• Apple drops a new iOS 10 beta with a hundred new emojis. Link