Weekly Industry Brief: 9.18.2017

Here is your recap of industry news from the last week.  Sources can be found in the hyperlinked text after the headline. Happy Monday.

Brands and Retailers

  • Wal-Mart is simplifying its sprawling US store operations. Bloomberg
  • Spring and eBay join forces to gain edge over Amazon. Glossy
  • How Kirkland Signature became one of Costco’s biggest success stores. The Wall Street Journal
  • There will be more retail stores opening than closing in 2017. Forbes
  • Neiman Marcus is shrinking the store its building in Manhattan. New York Post
  • How Nike is fighting off bots and counterfeiters. Recode
  • Toys R Us is preparing for possible bankruptcy filing. Fortune
  • Neiman Marcus is closing more than 25% of its outlet stores. Fortune
  • Topshop drops its high-priced line. Fashionista
  • Footwear retailer Aerosoles files for bankruptcy. Reuters
  • Hermes first half profit hits record levels. Business of Fashion
  • Nike introduces Flyleather, its latest ‘super material,’ Business of Fashion

Marketing and Social Media

  • Samsung is working with banks to roll out retail pop-ups. Digiday
  • Pinterest crosses 200 million monthly active users. Techcrunch
  • Lululemon woos men with first campaign. AdAge
  • Facebook moves to block ads on fake news, offensive videos. Bloomberg
  • Canada Goose rolls out direct-to-consumer strategy. AdAge
  • Marie Claire, Mastercard open pop-up store. AdAge

Startup and Emerging Tech

  • Xiaomi’s Mi Mix 2 was built with the US audience in mind. Forbes
  • Visual search products like Google Lens could revolutionize online shopping. Venture Beat
  • Samsung promises foldable phones by 2018. Mashable
  • IBM Watson-powered augmented intelligence seeks an edge in travel marketing. Skift
  • Softbank to invest in Slack. Recode
  • Two ex-Googlers want to kill your bodega. Fortune
  • Nike and the NBA unveil connected jerseys. Techcrunch
  • Nestle acquires a majority stake in Blue Bottle Coffee at a valuation north of $700M. TechCrunch

International

  • Amazon is testing one-hour delivery at London Fashion Week. Fortune
  • com and Thai retailer Central Group form $500M ecommerce joint venture. Reuters
  • Alibaba partners with New York Fashion Week to introduce designers to China. Quartz
  • Google is launching a payment service in India. Seeking Alpha
  • By going online in India, Zara can reach fashion-forward shoppers outside metros. Quartz
  • Inside Yoho! China’s streetwear empire. Business of Fashion
  • Ikea to invest 90M Euros to open first store in Slovenia. Reuters
  • New EU plan to tax digital giants. Seeking Alpha
  • Amazon plans mega-warehouse for Mexico growth spurt. Reuters
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