1. Struggling department store group House of Fraser has confirmed it is to close more than half of its stores, including its flagship on London’s Oxford Street, as part of a major restructuring and refinancing programme.
2. Amazon taps into the indie beauty craze with new online store
The indie beauty market has rapidly matured into one of the largest categories within beauty, and Amazon plans to take advantage of its popularity by launching a new digital storefront dedicated to it in June. The move will put it at odds with indie retail leaders like Ulta and Sephora.
3. Instagram plans to launch Snapchat Discover-style video hub
Instagram is preparing to unveil a home for longer-form video — a YouTube competitor and its take on Snapchat Discover. According to multiple sources, Instagram will offer a dedicated space featuring scripted shows, music videos and more in vertically oriented, full-screen, high-def 4K resolution.