Weekly Industry Brief: 10.15.2018

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

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