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YouTube brings in $15bn, Amazon’s Instagram-powered fashion, Fraser Group’s new shareholder, PETA

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week, including Youtube’s ad revenue reaches $15 billion.

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week.

Top Stories
  • Youtube’s ad revenue reached $15 billion in 2019 (Highsnobiety)
  • Amazon Fashion drops capsule collection based on Instagram community’s wish list (Fashion Network)
  • Peta buys stake in Frasers Group to challenge fur policy (Fashion United)
  • Vogue Italia dedicates cover to Protect Venice (Fashion Network)
  • Cyber-Luxury: AI is disrupting luxury (Jing Daily)
  • Verizon launches first international 5G production lab in London (Campaign)
  • Facial recognition: big brother or ultimate convenience (Drapers)
  • Where are wearables going in 2020? (TechCrunch)
  • 3D-printed vitamins: The future of customizable nutrition (Stylus)
  • Big tech is infiltrating fashion week (Vogue Business)
  • Smart speaker shopping falls short of projections (Retail Dive)
Sustainability & Purpose
  • The North Face to auction one-off upcycled vintage garments (Hypebeast)
  • Fashion brands turn to hackathons to crack sustainability strategies (Vogue Business)
  • Burberry opens centre for manufacturing excellence with support of UKFT (The Industry)
  • Selfridges to ban all plastic-based cosmetic glitter by 2021 (Retail Gazette)
  • Wrangler launches sustainable cotton programme in Europe (The Industry)
  • Will ‘swishing’ be 2020’s biggest fashion sustainability trend? (Refinery29)
  • This biodegradable bioplastic sucks carbon from the air (Fast Company)
  • How will China’s ban on single use plastics affect fashion? (Jing Daily)
  • Gucci joins the Lion’s Share fund (WWD)
  • Dollar General, Sephora, Lowe’s among 7 most improved retailers addressing toxic chemicals (GreenBiz)
  • Prada & UNESCO launch sustainability education program (Hypebeast)
Retail & Commerce
  • Sephora is defying the retail apocalypse with 100 new store openings in 2020 (Fast Company)
  • Vans’ new downtown LA store focuses on its community (Hypebeast)
  • Selfridges launches Hurr fashion rental pop-up (Charged Retail)
  • Tiffany adds pop-up flower shop (WWD)
  • Elite shoppers spend averages £29,700 in UK shops (Retail Gazette)
Marketing & Social Media
  • Chipotle’s Justin Bieber challenges reaches 95m on Tiktok (Mobile Marketer)
  • Macy’s revamps private label to reach millennials (Retail Dive)
  • Who is fashion stumping for in 2020? (BoF)
  • Who What Wear launches apparel, footwear and accessories line in UK (WWD)
  • Apple is now outselling entire Swiss Watch industry (Hypebeast)
  • See Nike’s surprising new Olympic look (Fast Company)
  • Sportswear retailer Frasers invest in Mulberry Group (BoF)
  • Coronavirus fears see $400 billion wiped off China’s stock market (Forbes)
  • Farfetch raises $250m in debt to further grow platform (Hypebeast)
  • Nike closes half its Chinese stores over coronavirus (Drapers)
  • Birchbox cuts 25% of global staff (Retail Dive)
  • Softbank-backed Brandless shuts its doors for good (TechCrunch)
  • New Look founder invests in rental platform (Drapers)
  • Allbirds appoints Old Navy’s chief creative officer to board of directors (Fashion United)
  • taps Amazon exec as new CEO (WWD)
  • How Dolce & Gabbana clawed its way back from cancellation (BoF)
  • Creative industries outshine wider economy (Drapers)
  • How chain stores are rightsizing New York City retail? (Retail Dive)
  • What happened to New York Fashion week? (BoF)
  • Wire hangers are everywhere, and no one ever wants them (Vox)

How are you thinking about innovation? The Current Global is a transformation consultancy driving growth within fashion, luxury and retail. Our mission is to solve challenges and facilitate change. We are thinkers and builders delivering innovative solutions and experiences. Get in touch to learn more.

By Hannah Reed

Hannah Reed is Junior Researcher at the Current Global, where she contributes to both the editorial site and consultancy projects for clients including Google, Farfetch and Shiseido. Her research background is focused specifically on how artificial intelligence and data can transform the high street, while her interests lie in how new technologies and broader innovation can impact the global retail landscape.