Weekly Industry Brief: 11.5.2019

Tuesday edition! Here is a recap of industry news from the last week.  Sources are in the hyperlinked text after the headline.

Brands + Retailers

    • StitchFix is giving deep into data for a more tailored experience.  Fortune
    • Shopify now has 1 million businesses.  Fast Company
    • J.C. Penney plots a comeback: less clutter, more yoga.  The Wall Street Journal
    • Starbucks is opening a NYC micro-cafe without menu boards.  AdAge
    • Apple sets out to tackle California’s housing crisis.  Fortune
    • McDonald’s fires CEO after employee relationship revealed.  AdAge
    • Walmart appears to be gaining ground against Amazon.  CNBC
    • Under Armor is subject of federal accounting probes.  The Wall Street Journal
    • Six numbers that explain the fate of department stores.  Retail Dive
    • Why a top VC and a former LinkedIn exec think hobbies are the future of commerce.  Fast Company
    • Walmart offers curbside alcohol pickup, beer and wine delivery in Florida.  WFLA
    • Why Ayurveda could be the next K-Beauty.  Glossy
    • Rental and resale are transforming how we shop this holiday season and beyond.  Forbes
    • Barney’s new parent company shares plans for the brand’s future.  Forbes
    • How Amazon is trying to win over more online grocery shoppers.  Modern Retail
    • Some DTC brands are trading equity for manufacturing expertise.  Glossy
    • Estee Lauder downgraded by Piper Jaffray who says teenagers are wearing less makeup.  CNBC
    • All the things Amazon is doing to encourage indie brands to sell on its platform.  WWD
    • MZ Wallace launches men’s accessories.  Fast Company

Social Media + Marketing

    • Venmo launches a rewards program offering up to 5% back at Target, Sephora, Dunkin’ and Wendy’s.  TechCrunch
    • Fears over Chinese ownership of TikTok grow as U.S. launches security investigation.  Fast Company
    • Google is staying silent about political ads on YouTube while Facebook and Twitter squabble.  CNBC
    • Facebook’s new branding distinguishes app from acquisitions.  TechCrunch
    • Amazon to have nearly 10% of 2021 US digital ad market.  eMarketer
    • Pinterest’s sales fall short on less-lucrative overseas growth.  AdAge
    • LinkedIn sets record for members, unveils principles.  AdWeek
    • Facebook tweaks Messenger, ad metrics.  Marketing Land
    • Facebook reports increase in ad revenue and users in third quarter.  AdAge

Start up + Acquisitions + Emerging Tech

    • Google is buying FitBit for $2.1B.  Fast Company
    • Wearable spending forecasted to increase 27% in 2020.  TechCrunch
    • New sites are helping customer make sense of the DTC landscape.  Modern Retail


    • You can now use AirBnB in 31 more languages.  Fast Company
    • Amazon now sells movie tickets in India.  TechCrunch