Weekly Industry Brief: 1.21.2019

Happy Monday! Here is a recap of industry news from the last week. Sources are in the hyperlinked text after the headline.

Brands + Retailers

  • New York’s lost department stores.  The New York Times 
  • Patagonia’s CEO on how saving the planet has been good for business.  Fashionista
  • Boosting mall revenues through advanced analytics.  McKinsey
  • Net-a-porter launches kidswear.  Vogue
  • Netflix stock tanks despite record Q4 subscriber growth.  Fast Company 
  • Tesla is laying off 7% of its full-time employees.  Fast Company
  • Rihanna said to be readying luxury house with LVMH.  WWD
  • Amazon rewrites book industry by marching into publishing.  The Wall Street Journal
  • Fossil to sell smartwatch IP to Google for $40M.  ZDNet
  • Walmart adds four grocery delivery partners.  TechCrunch
  • Target is making a bigger bet on baby.  CNBC
  • Chico’s will close at least 250 stores to better compete in the age of Amazon.  USA Today
  • Gymboree files for Chapter 11 bankruptcy protection again. The Wall Street Journal
  • L’occitane adds Elemis for $900M as luxury skincare booms.  Bloomberg
  • The Fenty effect comes to skincare.  Business of Fashion
  • How WeWork’s CEO also acts as a landlord for his company.  Inc
  • Comfy shoes helped Allbirds become a $1.4B company but it’s never been just about shoes.  Inc

Marketing + Social Media

  • Facebook is secretly building LOL, a cringe teen meme hub.  TechCrunch
  • Facebook launches petition feature, its next battlefield.  TechCrunch
  • Consumers say brands shouldn’t bring politics to the Super Bowl.  The Wall Street Journal
  • Luke Wilson gets close in Colgate’s Super Bowl ad.  AdWeek
  • Pew published a study of how Facebook users feel about targeting.  Pew
  • Snap’s user growth still seems to be sputtering.  Fast Company 
  • Amazon is a looming giant in influencer marketing.  Digiday
  • Fortnite’s digital goods are a key to the future of global trade.  Bloomberg

Startup + Emerging Tech + Acquisitions

  • Walmart and VC firms see two paths for DTC brands.  Retail Dive
  • Nike’s big bet on the future of connected shoes.  Fast Company 
  • Investment dollars continue to pour into DTC brands.  AdAge
  • Squad is the new screen-sharing chat app everyone will copy.  TechCrunch
  • How three legacy brands are using tech to personalize beauty.  AdWeek

International

  • Google gets a $57M fine from France for GDPR violations.  AdAge
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