Happy Monday! Here is your recap of industry news from the last week. Sources are in the hyperlinked text after the headline.
Brands + Retailers
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- 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
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- 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
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- Walgreens makes first drone delivery in Virginia test. The Verge
- Bose is the latest tech company to expand into healthcare. Fast Company
International
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- 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