Weekly Industry Brief: 6.11.2018

Happy Monday! Here is a recap of industry news from the last week. Sources are in the hyperlinked text after the headline.

Brands and Retailers

  • Lord & Taylor is closing 10 stores including its Fifth Avenue flagship.  Fortune
  • Gucci aims to rival Louis Vuitton with $12B target.  Fortune
  • The world’s largest apparel companies 2018.  Forbes
  • Amazon introduces the Fire TV cube.  Quartz
  • Ikea no longer just a furniture company.  Fast Company
  • Why 2018 is the year of modernization for Target.  Retail Dive
  • Five surprising findings about how people buy shoes and clothes.  Harvard Business Review
  • Kayla Itsines’ Sweat app will rake in $77M this year.  TechCrunch
  • Amazon taps into the indie beauty craze with new online store.  Glossy
  • Target, Sycamore tried to acquire Toys ‘R’ Us assets.  Bloomberg
  • Rue La La is buying GIlt.  Bloomberg
  • How FitBit is trying to transform healthcare and itself.  Fast Company
  • Yahoo Messenger to shut down.  Fortune
  • How pop-up shops are evolving as commerce brands expand their footprints.  AdWeek
  • Starbucks increases price of coffee.  AdAge
  • J.C. Penny to open 650 Fanatics shops in stores.  Women’s Wear Daily

Marketing and Social Media

  • Facebook allows video with copyrighted music, tests Lip Sync Live.  TechCrunch
  • SeatGeek brings ticket selling into Snapchat.  TechCrunch
  • Is H&M’s influencer-drive line the future of fashion?  Fast Company
  • Behind the messy, expensive split between Facebook and WhatsApp founders.  The Wall Street Journal
  • Facebook shared data with Chinese telecom Huawei, raising US government security concerns.  TechCrunch
  • Facebook monetizes Marketplace with ads from users and brands.  TechCrunch
  • Facebook takes on Twitch with launch of new game streaming.  Tech Radar
  • Snapchat ad prices go from ungodly to cheap.  AdAge
  • Instagram plans to launch a Snapchat Discover-style video hub.  TechCrunch
  • Direct-to-consumer brands sour on Facebook ads.  Digiday
  • Publishers are seeing traffic from more than just Facebook.  AdWeek
  • How Generation Z’s social media savvy entrepreneurs are giving millennials a run for their money.  CNBC
  • US podcast ad revenues hit record $314M in 2017. TechCrunch

Startup + Emerging Tech + Acquisitions

  • The Honest Company accelerates growth strategy with investment from L Catterton.  BusinessWire
  • Casper launches a $35 nap pillow for sleeping on-the-go.  TechCrunch
  • Apple drew up a patent for a new kind of blood pressure monitor.  The Verge
  • H&M tests voice-activated mirrors at NYC flagship.  Retail Dive
  • Why Microsoft is willing to pay so much for Github.  Harvard Business Review
  • How shopping app Wish is building a retail empire.  CNet
  • Microsoft acquires a bunch of game studios.  TechCrunch

International

  • Amazon extends UK hiring spree as Brexit uncertainty lingers.  Bloomberg
  • Chinese buyers crave a new sales pitch: “experiential luxury”.  Jing Daily
  • Luxury sales are rebounding in China. Just not in stores. The New York Times
  • India’s online sales to grow 31% in 2018. LiveMint

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