Here is your industry brief of news I’ve collected from around the web over the last week. Sources can be found in the hyperlinked text after the headline.
Brand/Retailer
- Gap Inc. plans to trim workforce with 216 layoffs. Link
- Wal-Mart to take technical aim at Amazon and Target with app update for pharmacy and money-transferring services. Link
- Canal Street Market offers blueprint for revitalizing retail. Link
- Target to reduce prices, remodel stores and launch new private label brands. Link
- In retail’s slump, Saks looks to woo guys with DJs, putt-putt golf. Link
- Alexander Wang and Adidas set to release second collaboration pack. Link
- Puma and Under Armour trade places. Link
- Best Buy CEO declares turnaround phase over, but there are still challenges. Link
- Amazon wants to send packages to the moon by 2020. Link
- How one teen retailer is thriving while its competitors flounder. Link
- Hermes taps into customizing trend with handbags. Link
- McDonald’s is finally getting mobile ordering and delivery. Link
- If Yoox-Net-a-Porter group is actually trying to take over the world, it’s working. Link
- Sarah Jessica Parker launches made-in-the-US handbag collection. Link
- Abercrombie & Fitch to close another 60 U.S. stores as sales crater. Link
- Costco to increase membership fee. Link
- H&M hops on the ‘see now, buy now’ train with diverse runway show. Link
- La Perla seeks to expand into fashion. Link
- Amazon’s private label Elements expands for first time in years with invite-only vitamins and supplements. Link
Marketing/Social
- Who is behind the flurry of influencer-backed beauty brands? Link
- Facebook adds a travel-planning feature called ‘City Guides.’ Link
- Virtual reality leads marketers down a tricky path. Link
- S. consumers now spend 5 hours per day on mobile devices. Link
- Amazon and Pinterest threaten to shake up the search ad market. Link
- How Urban Outfitters leveraged location marketing for a 75% conversion gain. Link
- Comcast is integrating YouTube into its set-top box. Link
- One of Facebook Messenger’s first retail partners has ditched it as a notification tool. Link
- Can YouTube TV get you to cut the cord for $35 a month. Link
- Bloggers are panicking over changes to Amazon’s affiliate system. Link
- Meet the Muslim women inspiring a modest revolution in the fashion industry. Link
- NBC Universal invests $500M in Snapchat at IPO. Link
Startup/Emerging Tech
- Robots will be in stores sooner than you think. Link
- it’s app helps you buy the products in your screenshots. Link
- Garmentory wants to bring small boutiques online. Link
- IBM and Salesforce partner to sell Watson and Einstein. Link
- Jay Z launches Arrive to fund startups, offer branding support and more. Link
- Skin-care startup Drunk Elephant gets new round of investing. Link
- Shopping app targeting Chinese-American consumers pursues discerning spenders in the US. Link
International