Weekly Industry Brief: 7.31.2017

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
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