Happy Monday! Here is a quick rundown of industry news from the last week.  As always, sources are in the hyperlinked text after the headline.

Brands + Retailers

• Sephora to close all US stores on Wednesday for Inclusion Training. Fast Company 
• Gap stock falls the most since 2016 after weakness extends to Old Navy.  AdAge
• Abercrombie & Fitch closing 3 flagship stores.  Forbes
• Neiman Marcus, H&M dip their toes in fashion resale.  CNN
• Nestle’s new plant-based burger wants in on the fake-meat market.  Fast Company
• Amazon launches free one-day shipping on 10M items.  The Wall Street Journal
• Walmart’s next CTO is a veteran of Amazon and Google.  AdAge
• Ben & Jerry’s has a CBD ice cream ready to roll out when the FDA makes it legal.  Fast Company
• Virgil Abloh’s new Nike store is a peek at the future of retail.  Fast Company
• Bed Bath & Beyond could put some businesses up for sale. CNBC
• What Target’s expansion of private label Goodfellow and Co means for competitors. Glossy
• Sports Illustrated brand is bought by Authentic Brands Group.  The New York Times

Marketing + Social Media

• What if Instagram got rid of likes?  The New York Times
• NBCU debuts shoppable ads during the French Open.  AdWeek
• Can J.Crew find itself – and its customers – again? Vanity Fair
• Facebook introduces Avatars, its Bitmoji competitor.  TechCrunch
• Inside ShopBop’s largest influencer campaign to date.  Glossy
• How to use catalogues in a digital age.  The Business of Fashion
• Millennials and Gen-Z are transforming the luxury market.  Forbes
• Ikea recreated the sets from The Simpsons and Friends.  Fast Company
• How music starts became fashion’s most bankable collaborators.  Vogue
• YouTube is targeting direct-to-consumer brands with a ‘DTC council.’ Digiday
• How Walmart is going after brands like Kellogg’s for retail ad dollars.  AdAge

Startup + Emerging Tech + Acquisitions

• The RealReal files for IPO.  CNBC
• Amazon buys part of ad tech company Sizmek.  CNBC
• Fitness startup Mirror nears $300M valuation with fresh funding.  TechCrunch
• Cookware startup Great Jones launches Potline, a text service for recipes and advise.  TechCrunch
• Amazon reportedly in talks to buy Boost Mobile.  Wired

International

• Ulta plans launch in Canada, its first international market entry.  Women’s Wear Daily
• How Shiseido reaches Chinese consumers.  McKinsey
• Payment provider Klarna to open a fashion pop-up in London.  Fashion Network
• GDPR one year later.  Forbes