Happy Monday! Here is a recap of industry news from the last week. Sources are in the hyperlinked text after the headline.
Brands and Retailers
- Sears files for bankruptcy. Fast Company
- Luxury labels are going direct to consumer. Quartz
- Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion. Business Insider
- Rent the Runway and the transformational bliss of renting your work clothes. The New York Times
- LVMH shares slide as China concerns linger. Business of Fashion
- Travelers teams up with Amazon to sell home security kits. CNN
- Google unveils new hardware, including a tablet-laptop hybrid. The Wall Street Journal
- Can Knix win the $12B underwear wars? Fast Company
- Amazon debuts a retail site for Shark Tank products. TechCrunch
- Alexander Wang and Uniqlo to collaborate on new heat tech underwear. Fashionista
- Amazon’s Jeff Bezos talks government contracts and Blue Origin Rockets. Fortune
- Role reversal: grown-up retailers acting like startups and vice versa. Forbes
- Shopify opens brick-and-mortar space for entrepreneurs in LA. RetailDive
- Activist investor takes $900M stake in Starbucks. Forbes
- Walgreens will open 600 medical testing locations in its US stores. Bloomberg
- ModCloth launches size-inclusive collaboration with Anna Sui. Glossy
Marketing and Social Media
- Walmart wants to expand video service with HBO, Showtime. AdAge
- Instagram is testing tapping through posts instead of scrolling. The Verge
- A new Ikea report is an unsettling look at life in the 21st century. Fast Company
- How CPG brands and retailers can remain competitive amid seismic change. AdAge
- Some advertisers are moving half of their search budget from Google to Amazon. CNBC
- Why brands are creating apps for superfans. Business of Fashion
- Facebook purges hundreds of “inauthentic” pages and accounts ahead of midterm elections. Fortune
- Samsung sees smart homes as a gamechanger for loyalty. MarketingWeek
- Target to test app that recruits neighbors for delivery. Star Tribune
- PhotoShop is coming to the iPad. AdAge
- New report cites skyrocketing growth of internal agencies. AdAge
Startup + Emerging Tech + Acquisitions
- AllBirds raises $50M. Biz Journals
- Walmart continues M&A spree with acquisition of lingerie retailer Bare Necessities. TechCrunch
- Apple reportedly buys music platform “able to find the next Justin Bieber.” Fast Company
- Deal expands MedMen’s footprint to more states. AdAge
- Nike creates Messenger bots for Jordans. AdWeek
- Six things you need to know about the future of retail. Wired
- Walmart planning a net-connected shopping cart. BCC
- Forbes reveals its picks for the next billion-dollar startups. Forbes
- Meditation app, Inscape, wants to be the Spotify of mindfulness. Glossy
International
- Google is talking to Flipkart about launching its “shopping” tab in India. Fast Company
- Amazon Fashion to open store in London. Evening Standard
- How digital tools are helping brands reach Chinese consumers. South China Morning Post
- Festive shopping drives sales at Amazon India, Flipkart. Economic Times