Weekly Industry Brief: 6.6.2017

Hi! Here are the highlights of industry news from the last week.  Sources are in the hyperlinked text after the headline.  Enjoy!

Brands and Retailers

  • Michael Kors to shut 100-125 stores. Wall Street Journal
  • Mickey Drexler to leave J.Crew. Business of Fashion
  • Lululemon to close 40 Ivivva Girls stores. Business of Fashion
  • How Soho became an experiential retail playground. Glossy
  • 12 key takeaways from Mary Meeker’s 2017 Internet Trends Report. AdAge
  • Alexa Chung launches her own fashion line. Wall Street Journal
  • Radio Shack closing 1,000 stores. USA Today
  • Amazon fights Wal-Mart for low-income shoppers. Wall Street Journal
  • Wal-Mart tries using store workers to deliver online orders. Wall Street Journal
  • Canada Goose defies brick-and-mortar gloom. Business of Fashion
  • Inside Hasbro’s digital transformation into a modern toymaker and advertiser. AdWeek
  • Some of Amazon’s own brands are becoming super popular online. Recode
  • Yoox Net-a-Porter group bans fur. Vogue
  • Iconic Parisian department store Le Bon Marche and LVMH go digital with 24 Sevres. Forbes
  • Amazon’s New York City bookstore is about your favorite things not book discovery. Forbes
  • What’s driving the billion-dollar natural beauty movement? Fast Company
  • Tommy Hilfiger is taking his see-now, buy-now spectacle to London. Fashionista
  • Lululemon gains the most in six months as sales begin to recover. Bloomberg

Marketing and Social Media

  • This Gen Z-focused publisher only uses social platforms (10 of them) and doesn’t even have a website. AdWeek
  • Pinterest raises $150M at a $12.3B valuation as it makes a full press into visual search. Techcrunch
  • Publishers are starting to see money from Facebook’s mid-roll ads. Digiday
  • Snapchat acquires location-based data company to ramp up mobile measurement. AdWeek
  • Meeker trends report points to mobile add opportunity. SeekingAlpha
  • 7 Internet trends from Mary Meeker’s 2017 report that marketers should know about. AdWeek
  • Twitter adds new features as it experiments with sponsored live video. AdWeek
  • Instagram ads can now link to brands’ messenger accounts, bots. Marketing Land

Startup and Emerging Tech

  • Siri, speakers and software: highlights from Apple’s show. New York Times
  • HomePod speaker and new iMacs: what we saw at Apple’s WWDC. New York Times
  • Apple business chat will bring customer service to the iMessage platform. Techcrunch
  • The way forward with Facebook messenger bots. Venture Beat
  • The RealReal ropes in $50M in new funding. TechCrunch
  • Sakes Fifth Avenue is turning to iMessage to bolster sales. Glossy
  • Toyota is aiming to debut a flying car by 2020. Fortune

International

  • Luxury fashion brands start to sell on China’s WeChat messaging app. Wall Street Journal
  • Aditya Birla fashion plans to trim Forever 21 to turn the label profitable. Economic Times
  • Amazon to take on Australian market. Bloomberg
  • Saudi Arabia, Bahrain, Egypt and the UAE have severed ties with Qatar. Fortune
  • Alibaba: what you should know about new retail. Seeking Alpha
  • Mary Meeker’s focus on China: the key highlights. Recode
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