Weekly Industry Brief: 1.17.2017

Hi! Here is some industry news I’ve collected over the last week. Sources can be found in the hyperlinked text after the headline.

Brand/Retailer

  • Top 7 retailers to watch in 2017. Link
  • L’oreal to acquire three U.S. skin-care brands for $1.3B. Link
  • Cult backpack brand Herschel gets into apparel. Link
  • Gildan buys American Apparel at bankruptcy auction. Link
  • Amazon is planning to hire 100,000 full-time employees. Link
  • Cole Haan collaborates with Mountain Hardware, prAna and more for a women’s lifestyle collection. Link
  • Apple takes first step to expanding its US manufacturing footprint. Link
  • American Apparel to close L.A. headquarters and close all 110 U.S. stores. Link
  • Nordstrom names Innovation Chief to bring digital tech to full-line stores. Link
  • How Yoox and Net-a-porter is supporting fashion tech education. Link
  • Holiday season sales grew eight times faster online than in stores. Link
  • Cadillac unveils ultimate upscale car sharing program. Link
  • Pandora is laying off 7% of its US workforce. Link
  • J.C. Penney to open Nike outlets in more than 600 stores. Link
  • Apple said to be seriously pursuing Netflix-style scripted TV and movies. Link
  • Tiffany’s feels the Trump effect on 5th Link
  • Online consignment shops clean up after the holidays. Link
  • Michael Kors, Prada skimp on new handbag designs. Link

Marketing/Social

  • Soulcycle, Casper and Drybar reveal the secrets to their cult brands’ success. Link
  • Instagram accounts for 92% of brand social interactions. Link
  • Snapchat will make London its new international HQ. Link
  • DVF rebrands with new logo, monogram and brand colors and relaunches website in time for Spring. Link
  • YouTube launches “Super Chat,” a way for creators to make money from their live streams. Link
  • Adidas voted the most relevant brand of 2016. Link
  • Here’s how the new vertical video ads will look inside Instagram Stories. Link
  • Why Snapchat’s new search bar is a welcome sign for brands. Link
  • Twitter is phasing out the “buy” button, will continue to offer donations. Link
  • Vine shuts off sharing, launches Vine Camera. Link

Startup/Emerging Tech

  • LetGo raises $175M to finance its used goods marketplace. Link
  • Intel launches new IoT retail platform, plans $100M retail tech investment. Link
  • Stadium Goods raises $4.6M to sell sought-after sneakers and streetwear. Link
  • Richard Branson’s next big idea: sports festivals. Link
  • Fabletics launches a free Daily Burn-like workout and other perks for members. Link
  • Baidu opens augmented reality lab, begins integrating AR into search. Link

International

  • Lululemon expands its European presences with a London flagship. Link
  • Alibaba takes big step offline with $2.6B Intime deal. Link
  • Alibaba launches ‘big data anti-counterfeiting alliance’ with Louis Vuitton, Swarovski and more. Link
  • App downloads up 15% in 2016, revenue up 40% thanks to China. Link
  • Apple is increasing the price of apps in the UK by 25% because of Brexit. Link

 

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