Weekly Industry Brief: 6.26.2017

Happy Monday! Here is your weekly brief of news from the last week in retail and ecommerce. Sources can be found in the hyperlinked text after the headlines.

Brands and Retailers

  • eBay will now match Amazon’s, WalMart’s and others’ prices on over 50,000 items. TechCrunch
  • Amazon’s grocery ambitions spell trouble for big food brands. Wall Street Journal
  • Google rolls out Google Jobs. Seeking Alpha
  • Uber founder resigns as CEO. New York Times
  • Amazon launches new ‘try before you buy’ Prime wardrobe service. Fortune
  • Etsy will cut 15% of its workforce in a new round of layoffs. TechCrunch
  • Nike will start selling directly on Amazon. Racked
  • Yoox Net-a-Porter shares jump on Alibaba interest. Business of Fashion
  • Adidas has nearly doubled its US sneaker market share. Yahoo Finance
  • StitchFix hires its first CFO; is an IPO next? Recode
  • Sources say Eddie Bauer to explore options including sale. Reuters
  • Why America’s retailers are tapping into wellness for growth. Business of Fashion
  • Nestle sale of L’Oreal stake could spark domino effect. Business of Fashion
  • How Bonobos fits at WalMart. Forbes
  • Louis Vuitton in talks to open US factory. Business of Fashion
  • Sears closing another 20 stores. Fortune

Marketing and Social Media

  • Reddit looks to lure advertisers with video and redesign. Wall Street Journal
  • Google will stop reading your email for Gmail ads. AdAge
  • Moda Operandi is driving Instagram purchase through Amazon Pay. Glossy
  • Now Facebook is getting into original TV programming. Fast Company
  • Club Monaco’s new collection and campaign taps into 90’s nostalgia. Fashionista
  • Crash diet pricing: the ecommerce path to success. Women’s Wear Daily
  • Retailers’ efforts to lure shoppers to stores with experiences still missing the mark. CNBC
  • Instagram is testing a major new feature. Forbes

Startup and Emerging Tech

  • Ikea and Apple may be cooking up the next big thing in retail. Fast Company
  • Houzz raises a huge $400M round at $4B valuation. TechCrunch
  • Can the Drybar model be replicated with makeup? Fast Company
  • JD.com invests $397M into luxury marketplace Farfetch as part of new strategic partnership. TechCrunch
  • Why Apple and J.P. Morgan are chasing Venmo. Wall Street Journal
  • Casper raises $170M and plans I.P.O. New York Times
  • Amazon said to be working on translation services for AWS customers. TechCrunch

International

  • Digital-savvy CEO at France’s Carrefour seeks to turn it around. Bloomberg
  • Middle East retailers need to invest in mobile shopping platforms and secure websites. The National
  • What China’s $1T new Silk Road spells for fashion. Business of Fashion
  • Sears Canada closing 59 stores as it seeks bankruptcy protection. Fortune
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