Happy Monday! Here is a recap of industry news from the last week. Sources are in the hyperlinked text after the headline. Cheers!
Brands and Retailers
- Online retailer Sense opens brick-and-mortar. Glossy
- Amazon studies body sizes to get that perfect clothing fit. Wall Street Journal
- Blue Apron turns to Costco as customer growth slows. The Wall Street Journal
- Apple has already built its next big business. Fortune
- Sale spikes continue for Estee Lauder. WWD
- Vitamins are trendy. Vitamin stores are not. Racked
- Birchbox has sold majority ownership to one of its hedge fund investors after sale talks with QVC fell through. Recode
- Pandora and Spotify surprise investors. Bloomberg
- Amazon launches Prime Book Box, a $23 kids’ book selection. TechCrunch
- Nestle bets $7B on Starbucks to revive coffee sales. Bloomberg
- Amazon’s share of all retail sales could reach nearly 10% in two years. CNBC
- Online spending passes $100B for the first time. RetailDive
Marketing and Social Media
- Under Armour launches real-time Steph Curry trivia game. Fast Company
- Instagram is starting to take payments – but not for products just yet. Fortune
- Hulu surpasses 20M subscribers, grows engagement by over 60%. The Drum
- Snap stock plunges 15% on disappointing earnings that it partly blamed on redesign. Fortune
- Cambridge Analytica shuts all operations after Facebook scandal. Fortune
- Facebook is considering a paid, ad-free version of its social network. Fast Company
- Twitter advising all users to change passwords after bug exposed them in plain text. The Verge
- Facebook announces dating feature for meeting non-friends. TechCrunch
- Twitter shares spike after Disney announces it will make shows specifically for the platform. CNBC
- Instagram code reveals up-coming music feature. TechCrunch
- WhatsApp new lets you play Facebook and Instagram videos within the app. The Verge
- Microsoft and Amazon show off their Alexa-Cortana collaboration. AdAge
- Bonobos showcases 172 kinds of diversity in priciest campaign to date. AdAge
Startup + Emerging Tech + Acquisitions
- J.P. Morgan files patent for blockchain powered payments. Fortune
- The $1B company that’s building wearable AI for blind people. Fast Company
- Macy’s acquires New York concept shop, Story. CNBC
- For all the hype about VR, advertisers are more excited by AR (for now). Digiday
- Oculus aims for the masses with a new $200 VR headset. Fast Company
- How beauty brands like Coty and Shiseido are using voice assistants. Glossy
- Goldman Sachs to open a bitcoin trading operation. The New York Times
International
- Walmart buys 75% share of Flipkart, India’s largest commerce platform. AdWeek
- Why Walmart and Amazon are battling so fiercely over India. Fortune
- Alibaba beats forecasts with 61% growth and predicts more of the same for the next year. TechCrunch
- Impulsive, addictive social commerce is China’s latest craze. Business of Fashion