Weekly Industry Brief: 10.21.2019

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

Brands + Retailers

    • Authentic Brands Group bids $271M to buy Barneys New York.  Reuters
    • Under Armour to make spacesuits for Virgin Galatic flights.  CNBC
    • Best Buy touts first-party data capabilities as it looks to build its media business.  Digiday
    • Gymboree brand will stage a comeback in 2020 thanks to Children’s Place.  CNBC
    • How big box retailers are competing to win a greater share of holiday toy sales.  Modern Retail
    • Netflix stock skyrockets on profit beats despite looming threat from Disney, Apple.  Fast Company
    • How Amazon is redefining the expensive and wasteful process of returns.  CNBC
    • Ulta wins exclusive Kyle Cosmetics holiday collection.  Refinery29
    • Nike shifts distribution strategy.  Forbes
    • Why your next Louis Vuitton bag may hail from Texas.  The Wall Street Journal
    • Kellogg’s new inclusion cereal features 6 cereals and 6 mascots.  Fast Company
    • Hudson’s Bay in $1.5B deal to go private. Reuters
    • The North Face sharpens focus on sustainability.  Glossy

Social Media + Marketing

    • Facebook tweaks algorithm, opens search ad placement.  AdWeek
    • Adidas admits that it over-invested in digital advertising.  MarketingWeek
    • How Abercrombie ditched its past to try to bring back customers.  CNBC
    • Amazon charges brands top dollar to be in its curated holiday toy guide.  AdAge
    • Shoppable ads pop up on TikTok.  Economic Times
    • Facebook launches new ‘Disruptor Hub’ to outline how businesses are seeing major growth online.  Social Media Today
    • Influencers tell you what to buy while advertisers wonder who’s listening. The Wall Street Journal
    • Google teams up with Dominos for special Pixel 4 deliveries. AdAge
    • Snapchat’s targeting direct-response advertisers with new dynamic ads product.  Digiday
    • Kohl’s teams up with Instagram and Facebook to update its beauty department.  Glossy
    • Small retailers are prioritizing Amazon as search ads continue to grow.  Modern Retail

Start up + Acquisitions + Emerging Tech

    • Walgreens makes first drone delivery in Virginia test.  The Verge
    • Bose is the latest tech company to expand into healthcare.  Fast Company

International 

    • Travel retail spending on the rise.  WWD
    • ASOS invests to grow global online sales.  Forbes
    • Ikea’s India growth plans feature smaller cities and formats.  The Economic Times

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