I’m back! I was in Asia for work the past two weeks, so here are a bunch of industry headlines since then. As always, sources can be found in the hyperlinked text after the headline. P.S. I can’t believe how quickly this summer is going by! Happy August.
Brands and Retailers
- Michael Kores to buy Jimmy Choo in $1.2B deal. The New York Times
- Sephora is experimenting with a boutique format. Fast Company
- Fashion industry pays attention to plus-size women. The Economist
- Underwear is driving Amazon’s takeover of the American fashion industry. Business Insider
- Gymboree to close about 350 stores in restructuring. Wall Street Journal
- Five takeaways from Amazon Prime Day. Retail Dive
- Amazon sold three times as many Echo devices on Prime Day this year vs. last year. AdWeek
- Amazon to host job fair for 50,000 positions amid hiring squeeze. The Wall Street Journal
- The secrets to luxury eyewear brand Gentle Monster’s rapid rise. Jing Daily
- Wal-Mart said to be eliminating a few dozen jobs at headquarters. Business of Fashion
- Here’s how the Amazon effect is hitting the apparel industry. CNBC
- Birkenstock accuses Amazon of modern day piracy. Washington Post
- Amazon’s revenue rises 25% on retail dominance. The Wall Street Journal
- Stitch Fix has filed confidentially for an IPO. Recode
- How Reebok, Adidas and Y-3 will dress future space explorers. Fast Company
- Amazon’s next act: a trendy new in-house shoe collection. Footwear News
- How Rent the Runway is pulling off deliveries at the speed of Amazon. Glossy
Marketing and Social Media
- Amazon launches Spark, a shoppable feed of stores and photos aimed at Prime members. TechCrunch
- Facebook to show ads on Messenger to boost revenue growth. Wall Street Journal
- New Zara documentary takes viewers behind the scenes. Refinery29
- Coveteur is making their brand work official with a content studio. Glossy
- Instagram encroaches on Snapchat’s turf of social media influencers, winning their hearts, minds and posts. CNBC
- Old Navy succeeds by saying bye to celebrities. AdAge
- Twitter is developing a subscription plan that promotes your tweets automatically. Fortune
- P&G slashes digital ads by $140M over brand safety. AdAge
- What marketers should note from Facebook’s second quarter earnings. The Wall Street Journal
- Target is ending Cartwheel Perks rewards program, promises something better. CNBC
- Lyft and Taco Bell collaborate on a new service offering. The New York Times
Startup and Emerging Tech
- Online CPG start-up to test the power of brands. The Wall Street Journal
- How bots bested the $1B sneaker resale industry. Forbes
- China’s store of the future has no checkout, no cash, and no staff. Business of Fashion
- You will soon be able to search eBay by using a mobile snap or social media link. CNBC
- Farfetch founder talks about how he built a $1.5B fashion platform. Wired
- Intel eliminates its wearables division. CNBC
- AI and the retail store of the future. Venture Beat
International
- Starbucks rallies as Chinese sales growth fuels optimism. Bloomberg
- India will have more than 850M internet users by 2025. Economic Times
- Saint Laurent to launch online sales in China. The Wall Street Journal
- In China, designer goods delivered to your doorstep. The New York Times
- Chinese tourists spending less on shopping. Bloomberg
- JD.com’s growth outpaces China’s ecommerce marketing. The Wall Street Journal
- Amazon prepares to enter Southeast Asia via Singapore launch. TechCrunch
- Silicon Valley giants confront new walls in China. The New York Times
- Flikart said to make new offer for Snapdeal. Business of Fashion
- Where North Korea’s elite go for banned luxury goods. CNN
- WalMart to invest in expansion in India. Economic Times
- Amazon expands U.K. headquarters as Brexit leads bankers to exit. Bloomberg
- Why Abercrombie finally decided to start selling on Alibaba. AdAge