Happy Monday! Hope many of you are enjoying or got to enjoy some R&R on Spring Break with your fam. In the meantime, here is a recap of industry news from the last two weeks – was too caught up in the busy week to post last week!! Sources are in the hyperlinked text after the headline. Have a great week!
Brands + Retailers
- Netflix to open a production hub in New York City and invest up to $100M in the city. TechCrunch
- Ikea is helping New Yorkers make the most of tiny spaces. Fortune
- Everlane is rolling out a new sustainable sneaker brand called Tread. AdWeek
- Tindr becomes the top-grossing, non-game app in Q1 2019, ending Netflix’s reign. TechCrunch
- Wayfair to launch live streaming service on Way Day. Retail Dive
- Martha Stewart brand to be sold. Forbes
- To woo shoppers, stores like Nordstrom and Walgreens acceptation competitors’ returns. The Wall Street Journal
- Walmart is launching its first subscription box for apparel and it’s for kids. CNBC
- Google & Amazon reach an agreement to bring their streaming video apps to each others’ platforms. TechCrunch
- Amazon launches free music streaming service. AdAge
- Hanky Panky, famous for its ‘one-size fits all’ underwear, relaunches with more inclusive sizing and menswear. AdWeek
- Converse’s plot to take back basketball with help from Nike. Fast Company
- Bed Bath & Beyond to shutter 40 stores this year. CNN
- Venmo’s latest effort to turn a profit: credit cards. The Wall Street Journal
- How Kroger plans to keep up in the digital age. The Wall Street Journal
- American Eagle says spinoff for Aerie could happen but not now. Bloomberg
- Why subscription boxes are here to stay. Forbes
- The ever-changing store: taking an agile, customer-centric approach to format redesign. McKinsey
- Macy’s puts Story in 36 of its stores. CNBC
- Offering shoppers new experiences isn’t helping as malls see story closures and falling traffic. NBC
Marketing + Social Media
- Adidas used Airdrop to surprise Coachella attendees with free sneakers. PSFK
- IPO day for Pinterest and Zoom ends with shares sharply higher. The New York Times
- How Sephora is cultivating its own team of influencers. Glossy
- Lush leaves social media in UK. BBC
- Generation Z Americans will be the ultimate cannabis consumers. AdAge
- Inside the purpose-driven branding of Sweetgreen. AdWeek
- Instagram hides Like count in leaked design prototype. TechCrunch
- Kids love these YouTube channels. Who creates them is a mystery. The Wall Street Journal
- Netflix creates Wide, a print magazine explaining its content. The Drum
- The new era of high fashion and video game collabs: Inside Moschino and The Sims partnership. Fortune
- Samsung to delay launch of foldable phone. AdAge
Startup + Emerging Tech + Acquisitions
- Apple make take on Tile with item-tracking tags. Fast Company
- Venture capital is putting its money into astrology. The New York Times
- Uber’s self-driving car unit just raised another $1B. Fast Company
- L’Oreal ups AI investment with La Roche-Posay spot-scanning tech. The Drum
- The fascinating ways PepsiCo uses AI and machine learning to deliver success. Forbes
- JCPenney explains why it dropped Apple Pay. TechCrunch
- VCs bet on cannabis vaping, ED meds and mobile fertility clinics. TechCrunch
- Serena Williams announces her VC firm via Instagram. AdAge
- From lab-grown meat to fermented fungus, here’s what corporate food VS’s are serving up. TechCrunch
International
- Amazon gives up on challenging Alibaba and JD.com in China. Motley Fool
- Amazon to sharpen focus on India after running into China wall. LiveMint
And a bonus this week because it’s funny…and I’m sure relevant to many of our jobs! Who’s been asked about their TikTok strategy? via Marketoonist