Weekly roundup in tech and retail

News and commentaries

Here are the most relevant news this week in tech and retail.

In Tech:

  1. Box is suffering the effects of market jitters over cloud services; might postpone IPO
  2. Facebook launches several initiatives aimed at privacy and mobile during its f8 developer conference
  3. LinkedIn Q1 sales of $473M beating estimates; with Talent Solutions sharing 58% of total revenue
  4. Image of Amazon’s smartphone surfaces; will include Prime Data
  5. Foursquare will split into 2 apps: the original Foursquare to be Yelp-like and Swarm for check-ins

In Retail:

  1. Farfetch, an e-commerce platform that connects 300 boutiques to shoppers, raises its latest round of financing at $66M led by Vitruvian Partners;
  2. Christopher Bailey steps in as former CEO Angela Ahrendts formally leaves Burberry for Apple
  3. Hermès Q1 sales up by 10% at $1.31B in revenues
  4. Coach reports 21% Q3 decline in North American stores; hurt by winter storms and competition from Michael Kors and Kate Spade
  5. Chinese e-commerce giant Alibaba might buy back a stake in online payment arm Alipay as it gears up for impending IPO
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