Happy Monday! Here is a quick rundown of industry news from the last week. As always, sources are in the hyperlinked text after the headline.
Brands and Retailers
- Farfetch files for IPO on NYSE. CNBC
- Everlane is launching clean silk in move toward greater sustainability. Fashionista
- Beyond procurement: transforming indirect spending in retail. McKinsey
- Walmart’s ecommerce tactics against Amazon look to be paying off. Forbes
- US retail sales rose in July. The Wall Street Journal
- Sears CEO offers to buy Kenmore brand for $400M. USA Today
- Google is poised to open its first permanent retail store. AdAge
- McDonald’s reveals new tech-focused flagship store in Chicago. MarketingDive
- J.C. Penney outlines plan to boost sales amid poor results. CNN Money
- Big tech companies are finding new ways to warn of overuse. The Wall Street Journal
Marketing and Social Media
- Google created a fake pizza brand to test out creative strategies for YouTube ads. TechCrunch
- You now have a chance to help run an Old Spice marketing meeting. AdWeek
- HSN and QVC get an image makeover to appeal to younger audience. Reuters
- Is the Museum of Ice Cream the future of retail? Bloomberg
- The New York Post partnered with Supreme for special edition. AdWeek
- Ad-supported Netflix could be around the corner. AdAge
- Amazon reportedly wants to buy a movie theater chain. Engadget
- Google outgrows its youthful ideals. The Wall Street Journal
- How Buzzfeed’s experiment in Tasty turned into a stand-alone star. AdWeek
Startup + Emerging Tech + Acquisitions
- Thread raises $20M for its luxury goods boutique that exists only in messaging apps. TechCrunch
- Best Buy to acquire Jitterbug parent Great Call for $800M. The Wall Street Journal
- Amazon is working on a recorder for live TV. Fast Company
- Smart speaker sales on pace to increase 50% by 2019. TechCrunch
- Amazon researchers develop complex voice recognition models that work offline. VentureBeat
- Facebook buys Vidpresso’s team and tech to make video interactive. TechCrunch
- PepsiCo buys SodaStream for $3.2B. AdAge
- Walmart eyes virtual reality shopping system. AdAge
- FitBit wants to get in your bed. Fast Company
- Facebook wants to use AI to speed up MRI scans. MIT Technology Review
International
- Walmart completes its $16B acquisition of Flipkart. TechCrunch
- Kroger to start selling on Alibaba in China. The Wall Street Journal
- Why Western digital firms have failed in China. Harvard Business Review
- Athleisure is crushing it in China. Here’s what you need to know. Azoya Group
- eBay changes its strategy in India. Seeking Alpha