Happy Monday! Here is your quick hit of industry news from the last week. Sources are in the hyperlinked text after the headline.
Brands and Retailers
- Alphabet reports strong Q2, tainted somewhat by massive EU fine. Fast Company
- How Best Buy is thriving in the age of Amazon. Bloomberg
- WeWork opens a retail operation, highlighting products made by its members. Entrepreneur
- How Nordstrom changed its merchandising strategy for the DTC brand era. Glossy
- ‘Fast beauty’ company Be For Beauty wants to be the ASOS of the cosmetics industry. Fashionista
- What the fashion industry can learn from North Face and Vans parent company VF Corp. Forbes
- Walmart, Microsoft in partnership to use cloud tech. Reuters
- Petco tries to ‘Amazon-proof’ its business with a new store. CNBC
- Why a former pro soccer player and his co-founder decided to make Allbirds all about simplicity. Inc
- Comcast lets Disney win the 21st Century Fox bidding war. Fast Company
- Target uses Prime Day to its advantage, logging its biggest online shopping day so far this year. CNBC
- Sonos to raise up to $264M in IPO. Bloomberg
- Gap CEO looking for acquisitions. Fortune
Marketing and Social Media
- Now for sale: the empty space insider retailers’ packages. The Wall Street Journal
- Are influencer brands the key to bringing millennials to department stores? Fashionista
- Equinox and SoulCycle are launching a talent agency for fitness influencers. Fast Company
- How brands are making pop-up shops more interactive and Instagrammable than ever. AdWeek
- Snapchat is shutting down Snapcash. Fast Company
- AMC teams with Facebook for movie ticket purchases. Variety
- Why Club Monaco is stealing tricks from scrappy startups. Fast Company
- Amazon advertising is working directly with brands now, cutting out ad agencies. Digiday
- Facebook pulls Walmart and P&G’s ads for lacking ‘political’ labeling. AdAge
- Retailers are getting into the media and advertising businesses. Axios
- Snapchat beefs up ad targeting deal with Nielsen. AdAge
- Inside the mating rituals of brands and online stars. The New York Times
- Snapchat partners with 4 news discovery platforms to help push content beyond the app. MarketingLand
- YouTube is testing its own ‘Explore’ tab on iPhone. TechCrunch
Startup + Emerging Tech + Acquisitions
- P&G reportedly bought First Aid Beauty for $250M. Allure
- Will virtual shopping malls save retailers? Forbes
- Marks & Spencer, Founders Factory form JV to support retail startups. WWD
- Why online marketplaces fell out of favor and why VCs should love them again. Forbes
- Rocket Internet turns to US with new fund. Bloomberg
- Robot truck upstart Embark hauls in $30M to take on Waymo and Uber. Forbes
- Eventbrite is reportedly going public in the second half of this year. TechCrunch
- Facebook confirms its working on a new internet satellite. Wired
- HoneyLove looks to reinvent shapewear. TechCrunch
- How voice is changing everything. AdAge
- Uber partners with Cargo to enable commerce in your next Uber ride. Fortune
International
- Google fined a record $5B by the EU for abusing the dominance of Android. Business Insider
- Report: Amazon temporarily killed all international traffic to deal with Prime Day outage. Fast Company
- Alibaba and Tencent in talks over stake in WPP’s Chinese unit. Reuters