Weekly Industry Brief: 6.19.2017

Happy Monday! Here is a recap of industry news from the last week.  Sources can be found in the hyperlinked text after the headline.

Brands and Retailers

  • Amazon to buy Whole Foods for $13.7B. BBC
  • UPS to add delivery surcharge cost for holiday shipments. Wall Street Journal
  • Walmart confirms it is buying Bonobos for $310M. Recode
  • Nike cuts 2% of workforce. Business of Fashion
  • H&M misses sales forecast as fast fashion pressure builds. Business of Fashion
  • Inditex posts 18% rise in first quarter profits. Business of Fashion
  • Zara sees sales growth due to fresh designs, tech. Bloomberg
  • Jet.com will phase out Costco private label products. Bloomberg
  • Estee Lauder’s latest investment is in science-based, internet-beloved beauty brand deciem. Fashionista
  • Amazon launches Prime Reload, offering 2% back on purchases funded through debit cards. Techcrunch
  • Freelance work marketplaces are looking more and more like ecommerce websites. Quartz
  • The fast-fashion trend that’s changing how you buy furniture. Fortune
  • Why the beauty industry is betting big on supplements. Business of Fashion
  • Jessica Alba’s Honest Co. to sell goods on Amazon.com. Fortune
  • Our jeans are ruining the planet but this company wants to fix that. Racked
  • Best Buy wants you to try gadgets before you buy them. Fortune
  • Neiman Marcus ends talk of a possible sale. Wall Street Journal
  • GM laying off about 1,000 works amid downturn in passenger car sales. Wall Street Journal

Marketing and Social Media

  • Conde Nast inks deal with Farfetch.com; ceases Style.com operations. Business of Fashion
  • Time Warner to invest $100M in Snapchat shows, ads. Ad Age
  • Fashion ads, a last bastion of print, are going digital. Wall Street Journal
  • Vice has raised $450 ahead of a potential IPO. Techcrunch
  • Most millennials, especially younger ones, still prefer stores. Retail Dive
  • Facebook Messenger takes another shot at Snapchat – this time with a fine-art twist. Fast Company
  • Your favorite influencers aren’t writing their own content – these women are. Marie Claire
  • Macy’s to revamp loyalty program to keep top shoppers. Wall Street Journal

Startup and Emerging Tech

  • Lululemon invests in a cycling apparel startup. Fortune
  • Slack’s possible $9B valuation has Amazon and others calling. Forbes
  • The future of grocery shopping in stores and online. McKinsey
  • Amazon launches a wand with Alexa AI assistant built in. Business Insider
  • Why Stackshare is quietly becoming a secret weapon for developers and Silicon Valley CTOs. Techcrunch
  • Blue Apron will raise $587M in its IPO, valuing itself close to $3B. Techcrunch
  • VCs are valuing Reddit at $1.7B. Fast Company

International

  • Fox in talks to open Urban Outfitters stores in Israel. Globes
  • India to approve Amazon’s retail food plan. Economic Times
  • New own-label brand on the horizon for Next. Retail Gazette
  • Alibaba launches new sales channel in Malaysia and Singapore. Reuters
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