Weekly Industry Brief: 12.13.2016

Here is your weekly industry brief over the last week.  Sources are in the hyperlinked text after the headline. Cheers!

Brand/Retailer

  • Cyber Monday drives $52B in online sales. Link
  • Aerie opens concept store in New York. Link
  • LA City Attorney suing Sears, Kohl’s, Macy’s, JC Penney for alleged pricing scheme. Link
  • Starbucks’ Schultz sees sweeping retail consolidation. Link
  • Millennials making bigger investments in makeup. Link
  • Revolve launches beauty. Link
  • Ikea adapts to growing urban populations. Link
  • American Apparel to close nine stores by end of December. Link
  • Museums rethink retail. Link
  • Sports bras are making Lululemon a lot of money. Link
  • Kylie Jenner and Shopify prepare for what may be the most hyped pop-up ever. Link
  • Starbucks 5-year plan: lots of stores, food and cold drinks. Link
  • Google signs deal with Cuba’s state-run telecommunications company. Link
  • Nordstrom turns to electronic gifting service amid shift online. Link
  • There’s a Crossfit war being fought over your feet. Link
  • Net loss grows at Neiman Marcus. Link

Marketing/Social

  • Ikea renamed products after frequently Googled problems that those products solve. Link
  • How Costco appeals to millennials and Gen Z without specifically targeting them. Link
  • Snapchat adds four new features including much-requested group chat. Link
  • Weibo’s comeback lures luxury brands. Link
  • Selena Gomez inks $10M deal with Coach. Link
  • How Revolve is leveraging user-generated content for its beauty business. Link
  • Kylie Cosmetics sidelines journalists at store opening. Link
  • Instagram brings live video broadcasts to all U.S. users. Link
  • Facebook Live will spin up 360-degree streaming to match YouTube. Link

Startup/Emerging Tech

  • Job cuts at Honest Co. could mean deal, IPO are tabled. Link
  • Prada uses video, virtual reality to market fragrance. Link
  • Why AR will be bigger than VR. Link
  • L’Occitane ups technology with smart beauty fitting room. Link
  • Retail chatbots show the power of artificial intelligence, just in time for the holidays. Link
  • Adidas to sell 3-D shoes to public. Link

International

  • Starbucks becomes first retail brand to use WeChat’s gift card product. Link
  • Mexico overtakes Canada as No. 2 U.S. exporter ahead of Trump. Link
  • China Consumers Association cites ‘Misleading’ Singles’ Day promotions. Link
  • China’s retail sales climb 10.8% in November. Link
  • ASOS boosts U.K. sourcing after pound’s Brexit fall. Link
  • Wal-Mart to invest $1.3B in Mexico. Link
  • Hong Kong loses Ralph Lauren flagship, braces for more closures. Link
  • Staples agrees to sell European operations to Cerberus Capital. Link
  • Marks & Spencer to shutter its 10 stores in China. Link
  • Uniqlo targets 100 more stores in China expansion. Link
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