Weekly Industry Brief: 23 July 2018

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
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s