Happy Monday! Hope some of you were able to enjoy a day off today. Here is a recap of industry news to get you caught up. Sources are in the hyperlinked text after the headline. Have a great week!
Brands + Retailers
- Walgreens takes a minority stake in Birchbox, which will now come to its stores. TechCrunch
- Walmart partners with MGM on original programming for Vudu. TechCrunch
- Kraft-Heinz starts food technology VC fund with $100M. AdAge
- Stitch Fix shares slide 20% amid growing concerns about Amazon competition. Fortune
- Nike’s shop for female sneaker heads will be curated by a fashion retail superstar. Quartzy
- Express is the latest retailer to launch a clothing rental service. CNBC
- Toys ‘R’ Us lenders plan brand revival. Bloomberg
- Target is back to its ‘cheap chic’ roots but the retailer has to keep the momentum going. CNBC
- How Eloquii fits into Walmart’s quest for upscale growth. RetailDive
- Target’s answer to discounters is an even cheaper store brand. The Wall Street Journal
- What competitors are missing about Amazon’s new 4-start retail concept. Forbes
- Barnes and Noble evaluates possible sale. The Wall Street Journal
- Time magazine names its 50 most genius companies of 2018. Time
- Netflix is buying a studio. Bloomberg
- Why future success on the high street could mean collaborating with ‘frenemies.’ Marketing Week
Marketing + Social Media
- Why J&J enlists teens with modest Instagram followings as influencers. AdAge
- How Lowe’s is using Pinterest to build customer intent. Digiday
- Foursquare closes a $33 million funding round aiming to ‘refine’ its products. AdWeek
- Highlights from Snapchat CEO’s 6,000-word leaked memo on survival. TechCrunch
- Why you’re buying products from companies you’ve never heard of. The Wall Street Journal
- Facebook to allow first-party cookies by the end of the month. Inc
- Facebook adds personas to Messenger chatbots. Mobile Marketer
- Twitter allows publishers to monetize their organic videos worldwide via in-stream video ads. AdWeek
- How L’oreal is balancing data and consumer trust. Glossy
- Facebook pushes into smart speakers with new portal video calling device. Fortune
- Google is shutting down Google+ in wake of privacy glitch. USA Today
Startup + Emerging Tech + Acquisitions
- Klarna raises $20M from H&M, will build financing and payment services for the fashion retailer. TechCrunch
- Facebook messenger internally tests voice command for chat, calls. TechCrunch
- Google acquires CRM automation startup. Seeking Alpha
- LinkedIn acquires employee engagement platform Glint. TechCrunch
- How AI is helping Amazon become a trillion-dollar company. Fast Company
- Forerunner Ventures raises a new $360 million fund. Fast Company
- New cannabis tech boosting industry and providing a better user experience. Forbes
International
- China’s most famous actress faces huge fines in tax evasion. The New York Times
- WeChat has more users than China’s entire internet – but what’s next? JingDaily
- Bumble to head to India with help from Priyanka Chopra. The New York Times