Weekly Industry Brief: 9.11.2017

Here is your recap of industry headlines from the past week.  As always, sources can be found in the hyperlinked text after the headline.

Brands and Retailers

  • Starbucks to shut down online store this Fall. Pymnts
  • Gap closing hundreds of stores in shift toward Old Navy, Athleta. Bloomberg
  • Why Amazon is targeting Europe first for its first trend-driven label. Glossy
  • Nike’s iron grip on the sneaker market is slipping. Quartz
  • WalMart and Target: Which strategy will win? Retail Dive
  • Amazon opens shop inside some Khol’s stores. Retail Dive
  • Amazon’s apparel ambitions create tough choices for brands. Retail Dive
  • Nordstrom tries on a new look: stores without merchandise. The Wall Street Journal
  • Gilt finally pivots away from flash sales. Racked
  • Amazon’s new challenge: Making two headquarters seem like one. The Wall Street Journal
  • Target slashes prices on thousands of items. Reuters
  • Equifax stock tumbles 14% after credit score hack. TechCrunch
  • Another top designer leaves J.Crew. Fortune
  • Rihanna’s new Fenty beauty line at Sephora expands her business empire. Fortune
  • Amazon’s Whole Foods price cut brings 25% jump in shoppers. AdAge
  • ASOS launches own-brand beauty line. The Independent
  • With a $1,000 price tag, Apple’s iPhone crosses a threshold. The New York Times

Marketing and Social Media

  • Coty tries Story’s boutique for hire to showcase ideas. AdAge
  • Target kicks off aggressive marketing of new brands. AdAge
  • Ad firms enlist OpenSlate to make sure ads run with ‘safe’ YouTube videos. The Wall Street Journal
  • Reebok asserts itself as a fashion force at New York Fashion Week. Fast Company
  • Facebook under scrutiny for inflated ad reach in US. CNN
  • The influence of ‘corpsumers’ who care as much about a brand’s values as its products.  AdWeek
  • Retailers add artificial intelligence to their marketing mix.  AdWeek

Startup and Emerging Tech

  • Home Depot taps up Google Home for voice ordering. Fortune
  • How Rebecca Minkoff uses technology to drive triple-digit sales growth. CNBC
  • Venmo is offering users a physical debit card. TechCrunch
  • Get ready for a new, much more powerful Apple TV. TechCrunch
  • Inside Google’s quest to reinvent chat with machine learning. Fast Company
  • How automation is creating a new breed of retail jobs. The Wall Street Journal
  • Apple aims to make augmented reality mainstream. The Wall Street Journal

International

  • Rebecca Minkoff invests in mobile payment tools like Alipay to attract global customers online. Glossy
  • New Zealand unit of TopShop placed in receivership. Business of Fashion
  • H&M to open 4 stores in India in September. Live Mint
  • Alibaba to open its first brick-and-mortar mall in China. MarketWatch
  • Blocked in China, Facebook is said to seek a Shanghai office. New York Times

 

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