Weekly Industry Brief: 5.8.2017

Hi! Here is a recap of retail and ecommerce industry news from the last week that I put together just for you.  Sources can be found in the hyperlinked text after the headline.

Brands and Retailers

  • Coach to buy Kate Spade for $2.4B. Business of Fashion
  • Amazon lowers free shipping minimum back to $25. The Verge
  • UPS is hampered by ecommerce conundrum as U.S. profit drops. Bloomberg
  • The president of Amazon’s fashion division is leaving the ecommerce giant. Recode
  • Etsy tanks after announcing a new CEO, flat earnings, and job cuts. Business Insider
  • The RealReal is opening a real store in New York. TechCrunch
  • Target begins testing next-day delivery with ‘Target Restock’ service. TechCrunch
  • Rag & Bone’s CEO on challenging the status quo. Fast Company
  • H&M group sales climb 7% in April. WWD
  • Apple is the first company worth over $800B. Fortune
  • The newness imperative: innovate or fade. Business of Fashion
  • Revlon reports first quarter loss. Business of Fashion
  • ‘Not dying, just changing,’ what the future holds for the American mall. Retail Dive
  • Amazon Prime reportedly doubled US membership in last two years. Retail Dive

Marketing and Social Media

  • Snapchat leaves it to rivals to connect the developing world. Wall Street Journal
  • Why are Goop and Airbnb teaming up with Conde Nast and Hearst? Business of Fashion
  • Aldi’s stunt to attract online shoppers in China. AdAge
  • The Top 10 venture-backed fashion startups. Business of Fashion
  • YouTube trots out Kevin Hart, James Corden to win back big brands. AdAge
  • Hulu introduces shoppable ads and 360-degree spots. AdAge
  • Nike’s race for world record – and runners. Business of Fashion
  • Staples’ rebranding campaign focuses on delivery services. Bloomberg

Startup and Emerging Tech

  • The online marketplace that’s a portal to the future of capitalism. New York Times
  • Whirlpool acquires Yummly, the recipe search engine last valued at $100M. TechCrunch
  • Third parties have always been the key to Amazon’s smart home domination plans. TechCrunch
  • Food delivery startup Maple to shut down operations. VentureBeat
  • Amazon plans to unveil new Echo. Wall Street Journal
  • Staples to launch AI-powered office assistant. Wall Street Journal
  • Apple Pay transactions rise by 450%. Forbes

International

  • Zara opens largest store in Mumbai, to launch online portal by year-end. Live Mint
  • com posts surprise profit as Chinese spending strengthens. Business of Fashion
  • Express to close its 17 Canadian stores. Globe and Mail
  • Cutting through Chinese tech giants’ profit distortion. Wall Street Journal
  • Amazon launches fresh grocery service in German cities. Reuters
  • China tops the United States as Swarovski’s largest market. Jing Daily
  • Toys “R” Us top open 40 stores in China. China Daily

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s