Weekly Industry Brief: 6.3.2019

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
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