Weekly Industry Brief: 9.24.2018

Hi! I’m back. Happy new season!Here is a recap of news from the last two weeks. Seriously considering an Amazon-only news recap day…thoughts? Meantime, sources are in the hyperlinked text after the headline.

Brands and Retailers

  • Amazon Prime Day: what the real lessons are.  McKinsey
  • Michael Kors is close to buying Versace for $2B.  Bloomberg
  • Amazon may open 3,000 cashier-less stores by 2021.  AdAge
  • A look inside Target’s store of the future.  AdWeek
  • Walmart is borrowing luxury’s playbook to gain an edge on Amazon in fashion.  Quartz
  • Amazon will sell and deliver live Christmas trees this year.  CNN Money
  • Gap’s new menswear line is a direct challenge to Lululemon.  Fortune
  • Ikea quickly shifting to a zero-emissions delivery fleet.  Fast Company
  • Halloween spending to hit $9B.  Retail Dive
  • How Nike became the biggest fashion brand in the world.  GQ
  • Walmart wants to bring its everyday low prices to healthcare.  CNN Money
  • J.Crew quietly launched a new platform that takes a page out of Amazon’s playbook.  Business Insider
  • Amazon introduces an Alexa-powered microwave and other home products.  The New York Times 
  • Crate & Barrel CEO says tariffs won’t send production to U.S. Bloomberg
  • Farfetch tops price range in IPO boon to luxury market.  Reuters
  • Why L Brands is shuttering all its Henri Bendel stores.  Forbes
  • Amazon investigates employees leaking data for bribes.  The Wall Street Journal 
  • Zara’s upbeat outlook eases concerns about online competition.  The Wall Street Journal
  • Coke may be planning cannabis drinks.  Fast Company 
  • Walmart’s Jet.com to offer Nike products in bid for urban consumers.  Reuters
  • Starbucks to build 10,000 “greener” stores by 2025.  CNBC
  • Target launches kitchen line with Chrissy Teigen.  Biz Journals

Marketing and Social Media

  • Why Weight Watchers is shedding the baggage of an old name.  AdWeek
  • Google following Instagram and Facebook with push into Stories format.  Recode
  • Amazon launches “storefronts” to promote small businesses.  Fast Company 
  • Amazon forecast to be No. 3 digital advertising player in 2018.  The Wall Street Journal
  • Here’s everything Google announced today at its “Future of Search” event.  TechCrunch
  • How Nordstrom reinvented its loyalty program.  Glossy
  • FabFitFun expands its video reach with new experiment in live programming.  TechCrunch
  • Pinterest launches API that lets brans find and track influencers.  VentureBeat
  • Snapchat lets you take a photo of object to buy it on Amazon.  TechCrunch
  • Eva Chen explains Instagram’s new shopping features.  Vogue
  • What the rise of men’s makeup means for masculinity.  Vox
  • Pinterest introduces a few product tagging tool for organic pins.  Marketing Land
  • L’oreal doing background checks as part of new influencer vetting process.  The Drum
  • TripAdvisor wants to become your Facebook for travel.  Fast Company 
  • Time Magazine sold to Salesforce founder for $190M.  The Wall Street Journal

Startup + Emerging Tech + Acquisitions

  • Here’s why SeriusXM is purchasing Pandora for $3.5B.  AdAge
  • Meet the nine companies in Snapchat’s new startup accelerator.  TechCrunch
  • Six AI innovations that could change skincare and beauty.  Dazed
  • For major beauty companies, brand incubation is the way of the future.  Fashionista
  • Slack acquires Astro to conquer email.  TechCrunch
  • Here’s why Adobe dished out $4.75B for Marketo.  AdAge
  • Google might release a Home Hub to take on the Echo Show.  The Verge 
  • How AI can help stop cyberattacks.  The Wall Street Journal 

International

 

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