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