Tuesday edition! Here is a recap of industry news from the last week. Sources are in the hyperlinked text after the headline.
Brands + Retailers
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- 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
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- 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
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- 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
International
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- You can now use AirBnB in 31 more languages. Fast Company
- Amazon now sells movie tickets in India. TechCrunch