Weekly Industry Brief: 8.6.2018

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

Brands and Retailers

  • Sephora, Ulta and the battle for the $56B US beauty retail market.  Forbes
  • Brookstone files for bankruptcy and will close all of its mall stores.  CNN
  • Apple’s value hits $1 Trillion.  The New York Times
  • Wrigley billionaire moves from chewing gum to medical marijuana.  AdAge
  • Pepsi CEO Indra Nooyi to step down in October.  Fast Company
  • Gumps, a 157-year old retailer, files for bankruptcy protection.  SF Chronicle
  • Mattress Firm explores US bankruptcy to close stores.  CNBC
  • Speaker maker Sonos goes public but acknowledges vulnerability.  The Guardian
  • Amazon’s health and beauty sales soar.  eMarketer
  • Apple looks to services to move beyond iPhone price ceiling.  Bloomberg
  • Subscription startup Kidbox launches its own clothing lines.  TechCrunch
  • Zara uses downtown stores to shop online orders.  The Wall Street Journal
  • From Amazon to Alibaba, grocers’ agony is endless.  Bloomberg
  • Inside Levi’s ambitious plan to cut its carbon footprint.  Fast Company

Marketing and Social Media

  • Facebook taps banks, but for chatbots not purchase data like Google.  TechCrunch
  • Facebook is now a major mobile browser in the US, with 10% market share in many states.  TechCrunch
  • Forget photo shoots.  Why GQ and Gucci are betting on cult podcasts.  The Wall Street Journal
  • Burberry changes logo for first time in two decades.  AdAge
  • The bizarre new way people are finding jobs: Tinder.  MarketWatch
  • Best Buy targets youth in new campaign promoting teen tech centers.  AdAge
  • Kylie Jenner launched her own Instagram face filter.  Harpers Bazaar
  • Snapchat quietly launched sticker packs to win over creators.  Digiday
  • WhatsApp finally earns money by charging businesses for slow replies.  TechCrunch
  • Snapchat launches its first speech recognition lenses.  TechCrunch
  • Ikea attempts to co-opt Ikea hacking.  Fast Company
  • Twitter elevates executives in restricting aimed at more engaging content.  USA Today
  • Google reveals Android P is named Pie. The Verge
  • How Estee Lauder is rethinking consumer engagement to drive innovation.  Business of Fashion

Startup + Emerging Tech + Acquisitions

  • Peloton snags $550MM in new financing, valued at $4B ahead of expected IPO.  Fast Company
  • The startup behind New York’s retail reawakening.  Business of Fashion
  • Lessons CPG brands can learn from startups.  AdWeek
  • Walmart testing robots to fill grocery orders more quickly.  PYMNTS
  • Uniqlo launches is own digital shopping assistant.  VentureBeat
  • Zillow gets into the mortgage business, acquires Mortgage Lenders of America.  TechCrunch
  • AirBnB for Work now accounts for 15% of all bookings.  TechCrunch
  • How Poshmark’s sellers made $1B off the ‘social mall.’ RetailDive

International

  • LemonBox brings US vitamins and health products to consumers in China.  TechCrunch
  • China’s online shopping giants open thousands of brick-and-mortar stores.  The Wall Street Journal
  • Malls are making a surprising come back in southern India. Quartz
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