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
- Alibaba launches Tmall services in Malaysia and Singapore. Business of Fashion
- India now top country in the world for retail investment. Retail Dive
- L’Oreal set to sell The Body Shop to Brazil’s Natura in $1.1B deal. Business of Fashion
- Behind the Great Firewall, the Chinese Internet is booming. Wall Street Journal