Daily LInks
1. Gucci, Jimmy Choo Do Luxury Version of Walmart Curbside Pickup: Retail’s new reality means that around 10 percent of physical luxury stores may close worldwide in the next three years. On the other hand, increased web sales could lead to wider marketing reach and more opportunities to target likely buyers using consumer data. – Read More on Bloomberg
2. Parent of New York & Co. Gets $20 Million Offer for Brands, Online Business: Los Angeles-based Sunrise Brands has also agreed to buy the intellectual property and e-commerce business of RTW’s two brands as its brick-and-mortar retail operations wind down and to assume certain liabilities, including honoring gift cards of the two brands. The deal is subject to better bids and final approval by the bankruptcy court. RTW expects a court hearing on the sale in early September. – Read More on the WSJ
3. Twitter warns about possible $250 million FTC fine: Twitter on Monday disclosed that it expects to lose as much as $250 million for using personal information users provided for security purposes to target advertising instead, after receiving a draft complaint from the Federal Trade Commission. – Read More on CNBC
4. Yotpo Gets $75 Million to Help Brands Capture the Digital Shift: Yotpo’s outlook is so bullish – from both its CEO’s perspective and from the venture capital perspective – because the company is creating a compressed marketing stack for eCommerce, whether it’s for Patagonia or for an up-and-coming DTC sneaker brand like Brooklyn, New York-based GREATS. – Read More on PYMNTS
5. Amazon’s Market Power to Be Investigated by New York AG: Attorneys general from New York and California are partnering with the Federal Trade Commission to investigate Amazon.com Inc.’s online marketplace, according to people familiar with the matter, ratcheting up scrutiny of the world’s largest e-commerce company. – Read More on Bloomberg
