Weekly Industry Brief: 8.22.2016

I’m back! Took off last week while in San Fran for work.  Enjoy your weekly briefing of industry news. Sources can be found in the hyperlinked text after the headline.

Brand/Retailer:

  • Macy’s to close 100 stores. Link
  • Check out Apple’s new store a One World Trade Center. Link
  • How Walmart is surviving the war against Amazon and beating Target. Link
  • Coach’s transformation has taken hold with customers. Link
  • How Estee Lauder is getting millennials to buy its skincare. Link
  • Gap plans to focus on faster fashion and activewear as sales keep sliding. Link
  • Apple’s retail boss wants Apple stores to resemble ‘town squares.’ Link
  • Where we spend is upending traditional retail. Link
  • Westfield’s new World Trade Center mall puts in-store tech center stage. Link
  • How Nike is changing the world. Link
  • Gap shoppers don’t want to ‘dress normal.’ Link
  • Victoria’s Secret is getting cheaper. Link
  • Walmart announces focus on millennials in the apparel category. Link
  • Nordstrom expands Space concept to four new locations. Link
  • Nieman Marcus cuts 80 home office jobs. Link
  • US ecommerce posts its largest gain in nearly two years. Link

Marketing/Social:

  • Vfiles launches  crowd-sourced youth magazine. Link
  • Rent the Runway using Snapchat for customer service. Link
  • Instagram launches business tools to help users buy and sell. Link
  • Alibaba’s ecommerce app has a social network Facebook would love. Link
  • There’s real money in messaging, Snapchat and WeChat show. Link
  • Facebook is building its own Steam-style desktop gaming platform with Unity. Link
  • Pinterest jumps into video ads fray. Link
  • Turner and Scripps investing $45M in Refinery29. Link
  • Amazon reportedly planning a $5 per month music service for Echo owners. Link
  • For its first global campaign, Uniqlo ponders why we get dressed every day. Link
  • Jack Wills’ strategy to pay you for the catalog-perfect summer. Link

Start Up and Emerging Tech:

  • This sneakerhead made a stock exchange for shoes. Link
  • Hamlet is a new, free text messaging service allowing users to shop for home décor from the comfort of their phone. Link
  • Topshop will soon integrate electronic circuits into garments. Link
  • How a Wall Street background can help you create fashion. Link
  • The MIT lab that’s quietly pioneering fashion for everyone. Link
  • Kate Spade jumps into the connected wearables category. Link
  • This 16-year-old is making million selling rare sneakers. Link

International:

  • Amazon’s new UK distribution center to create 500 jobs in 2017. Link
  • China’s luxury lifestyles fall prey to the far east slowdown. Link
  • Alibaba’s getting more revenue outside of ecommerce. Link
  • Walmart’s Mexico unit is selling its apparel chain for $853M. Link
  • Ikea to launch ecommerce in Shanghai. Link
  • Growth in online purchases by rural Chinese outpaces that of urbanites. Link
  • China is flooding Silicon Valley with cash. Link
  • Alibaba reports growth, even as China’s economy stumbles. Link
  • Myntra buys majority stake in fashion brand. Link
  • Xiaomi’s once admired strategy for winning China’s smartphone market has backfired. Link
  • For Indian ecommerce, the choice is between discount and bleed or profit and die. Link
  • Zalando plans foreign hubs to get frocks out faster. Link

 

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