Weekly Industry Brief: 10.30.2017

Happy Monday! Here is a recap of industry news over the last week. Sources are in the hyperlinked text after the headline. Cheers to a successful Q4 and holiday season ahead!

Brands and Retailers

  • Nordstrom doubles down on discount format as retail woes deepen. Bloomberg
  • Nike tells investors it will shift away from ‘mediocre’ retailers. The Wall Street Journal
  • Amazon launches Business Prime to bring quick delivery to work. Bloomberg
  • Iconic Lord & Taylor building in New York will become WeWork headquarters. The New York Times
  • Sears stops selling Whirlpool appliances. The Wall Street Journal
  • Amazon shares pass $1,000 after posting strong financials. Techcrunch
  • McDonalds rolls our successor to dollar menu as price war rages. Bloomberg
  • Louis Vuitton scours the nation for a new U.S. factory site and discovers Keene, Texas. Dallas News
  • Columbia Sportswear taps Opening Ceremony for collaborate. Women’s Wear Daily
  • American Eagle’s NYC concept lets students do laundry while shopping. Retail Dive
  • Uber has a new credit card for people who want to earn points for ride-hailing. The Verge
  • Uber will now let you add multiple stops to your route. Techcrunch
  • Preorders start for iPhone X, delivery window hits six weeks. Seeking Alpha
  • CVS said to be in talks to buy Aetna in landmark acquisition. The New York Times
  • Nike sharpens focus on women’s wear, ramps up investment in yoga. Bloomberg
  • Proenza Schouler launches a more casual, accessible second line. Fashionista
  • Nike still plans to hit $50Billion in sales by 2020. Fashionista
  • Jason Wu collaborates with tech juggernaut Stitch Fix. Elle
  • Amazons’ brick-and-mortar returns service deemed underwhelming. Business of Fashion
  • Walgreens to shutter 600 stores as part of Rite Aid deal. USA Today

Marketing and Social Media

  • Under Armour finds a remarkable new ad start in teenage refugee Olympian. AdWeek
  • Kris Wu: China’s Influencer ‘triple threat.’ Business of Fashion
  • What shoppers really want from personalized marketing. McKinsey
  • Twitter shares skyrocket after it says it might finally make money soon. Techcrunch
  • McDonald’s to review its $2B global media buying account. The Wall Street Journal
  • Millennials have fallen in love with Gucci, for now. The Wall Street Journal
  • Amazon ditched its affiliate store feature. Digiday
  • Why Snapchat spectacles failed. Techcrunch
  • Sephora cast its own store employees for its most diverse campaign yet. Racked
  • Keds found its sweet spot by partnering with female entrepreneurs. AdWeek

Startup and Emerging Tech

  • Moda Operandi launches The Platform, an incubator for emerging brands. Business of Fashion
  • Walmart is rolling out shelf-scanning robots in stores. Techcrunch
  • How chat and voice related tech is changing retailer and customer interactions. Retail Dive

International

  • India overtakes the US to become the world’s second largest smartphone market. Techcrunch
  • Martens is finding a new following in Asia. Quartz
  • Amazon takes a long view approach in India. Economic Times
  • Amazon to add seventh Canadian distribution center. CBC
  • The UK’s Marks & Spencer to start offering mortgages next year. Bloomberg
  • How Toronto became an unlikely fashion force. Glossy
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