Weekly Industry Brief: 6.12.2017

Happy Monday! Here is a brief of industry news I’ve been tracking over the last week.  Sources can be found in the hyperlinked text after the headline.

Brands and Retailers

  • Macy’s CEO vows to keep shoppers’ attention as malls fade. Bloomberg
  • Amazon launches ‘My Mix,’ a personalized shop filled with your favorite things. TechCrunch
  • Nordstrom family explores taking retailer private, shares surge. Reuters
  • Macy’s considering turning Herald Square roof into a public park. New York Post
  • It’s not just retail that’s changing, it’s us. Bloomberg
  • Amazon’s lending business for online merchants gains momentum. Bloomberg
  • Ikea to try selling through third parties. Reuters
  • UK-based fast-fashion site and new owner of Nasty Gal, Boohoo.com, just raised $65M. Fashionista
  • The rise of luxury strip malls. Business of Fashion
  • Crew and Ralph Lauren: the hard lessons consumers are teaching the fashion industry. Forbes
  • Nike and Adidas are making huge investments that should terrify Under Armour. Business Insider
  • Amazon CPG sales outpacing overall market. Retail Dive
  • Denim makers are emphasizing stretch, comfort and styles that fit more like leggings. Wall Street Journal
  • Cortana can now do price comparisons when you’re shopping online. TechCrunch
  • Target and Cartwheel apps to merge starting this summer, mobile payments and improved maps to follow. TechCrunch
  • Kids clothing brand Gymboree files for bankruptcy protection. Fast Company
  • Saks owner Hudson’s Bay to cut 2,000 as losses mount. AdAge

Marketing and Social Media

  • How bots are inflating Instagram egos. New York Times
  • Selling stuff is no longer the point of retail stores. Fortune
  • Shopify-powered app Frenzy will combine the experience of buying a product drop on your phone. Fashionista
  • Facebook building feature to let users subscribe to news publications. Wall Street Journal
  • Who What Wear launches an ecommerce app. Glossy
  • Why is Google digitizing the world’s fashion archives?  Business of Fashion
  • Snap is developing a second version of Spectacles which may include augmented retail. Techcrunch

Startup and Emerging Tech

  • Shopify makes virtual employee bot free for merchants. Venture Beat
  • This startup wants to turn unboxing videos into a big business. Fortune
  • Apple unveils Business Chat, which brings customer service and shopping into iMessage. Techcrunch
  • How artificial intelligence can help you build your own personalized e-boutique. Fashionista
  • This is the next battleground for Apple, Google, Facebook and Microsoft. Fortune
  • Is Farfetch edging towards a $5B IPO? Business of Fashion
  • How StitchFix is using algorithmic design to become the Netflix of fashion. Fast Company
  • Your complete guide to fashion customization. Fashionista
  • Why The Real Real is opening real-life stores. Glossy

International

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