Hi friends! Here is a recap of industry news from the last week. Sources are in the hyperlinked text after the headline.
Brands and Retailers
- Amazon has considered buying some Toys ‘R’ Us stores. Bloomberg
- WalMart’s ecommerce CEO explains why its many acquisitions will help it reach millennials. AdWeek
- WalMart to start selling cars at 250 stores. AdAge
- Everlane launches underwear basics. Fast Company
- Billionaire CEO wants to launch GoFundMe to buy Toys R Us. The Washington Post
- Best Buy to stop selling Huawei. CNet
- Ulta, Gap, Target and more: these retailers are still opening stores in 2018. CNBC
- Sephora is capitalizing on limited edition by commissioning exclusive products from brands. Glossy
- Nordstrom to partner with sneaker marketplace Stadium Goods at its stand-alone men’s store. CNBC
- Gap Inc. pledges to conserve 10B liters of water by 2020. Fashionista
- Chanel Beauty is expanding distribution in an effort to talk directly to customers. Glossy
- How retailers are defending their reason for existing in the Amazon age. Glossy
- New Look to close 60 stores. Telegraph
- Amazon just passed Alphabet to become the world’s second most valuable company. CNBC
- FedEx to add 500 new locations in Walmart stores in two years. Business Insider
- Everlane’s five tactics for winning at physical retail. Business of Fashion
Marketing and Social Media
- Facebook and Google face emboldened antagonists: big advertisers. The Wall Street Journal
- Rivals chip away at Google’s and Facebook’s US digital ad dominance. The Wall Street Journal
- Instagram tweaks its feed to show newer posts first again. Fortune
- Home Depot expands partnership with Pinterest. Retail Dive
- Sonos is yanking its Facebook ads in response to the Cambridge Analytica scandal. Fast Company
- As Instagram Shopping goes global, brands look to optimize mobile commerce strategies. Glossy
- Elon Musk just deleted the Facebook pages for Tesla and SpaceX. Fast Company
- Facebook debuted 3 new ad products for retailers at ShopTalk. AdWeek
- YouTube just become the top grossing iPhone app of the first time. TechCrunch
- Glossier’s customer obsession is about stirring up conversation. RetailDive
- Hulu has started to address advertisers’ inventory frustration. Digiday
- YouTube to increase ad inventory. The Verge
- Snapchat launches Map Explore feature to highlight breaking news. The Verge
Startup + Emerging Tech + Acquisitions
- Amazon has patented a drone that reacts to people shouting and waving at it. USA Today
- Salesforce is buying MuleSoft at enterprise value of $6.5B. TechCrunch
- This sneaker startup’s explosive growth comes from creative partnerships. Fast Company
- Dropbox pops in IPO. CNN Money
- Google may acquire light-field tech company Lytro for VR/AR. CNet
- Cheddar raises $22M for international expansion. The Wall Street Journal
- WalMart’s future could include drone assistants and smart cars. Engadget
- Tech’s next big wave: big data meets biology. Fortune
International
- India’s commerce market is exploding. Quartz
- Uber exiting Southeast Asia. TechCrunch
- How to chase the next half-billion internet addicts in China. The Wall Street Journal
- Alibaba is doubling down on Southeast Asia as its rivals are moving in. Quartz