Marcelo here. Anand’s traveling so I’ll be subbing in for him today.
Big retail apocalypse
Today saw the shellacking of some big retail brands in the stock markets: Nordstrom, Target, Victoria’s Secret owner L Brands, Restoration Hardware, Sears, Footlocker, and Macy’s all hit 52-week lows.
In fact, recent news headlines on traditional retail have been pretty sad all around. Sports Authority filed for bankruptcy. Foot traffic is down. Store closings are up, as the chart below shows.
The chart is from an excellent Bloomberg analysis where Shelly Banjo and Rani Molla show that retail's woes are now spreading to commercial landlords and investors who bet on department stores, shopping strips, and malls.
Meanwhile, traditional retailers aren’t exactly doing themselves any favors:
We're planning much more on the future of retail and commerce, but among the threats to apparel retailers are the 25 startups building their own fashion brands. We’ve also looked at trends in subscription e-commerce.
Like I said, sad.
On the CPG side, you should also check out our CPG webinar and our market map of 75 startups in next-generation commerce.
Ride-hailing's rebel alliance
The top ride-hailing companies have raised some of largest mega-deals that private markets have ever seen. We mapped out the investor networks of the 5 most well-capitalized ride-hailing companies, including Uber along with its intercontinental competitors: China's Didi Chuxing, California-based Lyft, India's Olacabs, and Grab from Singapore. We discovered that four investors have stakes in three different Uber competitors, and one has backed both Uber and its main China competitor Didi Chuxing.
We look at exits for VC-backed ed tech startups from 2012 to 2016 year-to-date. Since 2014, exits have slowed, with just five acquisitions of VC-backed ed tech companies in the first 136 days of 2016.
Food no more
We look at the food delivery space and see that funding to startups ramped up quickly starting in 2012 and reached record highs in 2015. But, the pace slowed dramatically this year and Q1'16 saw the fewest deals and dollars since Q4'14.
CBS MoneyWatch. New investing rules allow small investors to chase the next unicorn, but CB Insights Research Director Marcelo Ballve (@ballve) points out that they are unlikely to succeed. By Aimee Picchi (@aimeepicchi)
AdWeek. Terry Stanley (@adweek) spoke with CB Insights CEO & co-founder Anand Sanwal (@asanwal) in her article about the recent flurry of media M&A.
Reuters. Following a wide-ranging interview with Donald Trump, Heather Somerville (@heathersomervil) highlights some criticism coming from Silicon Valley, citing the CB Insights Unicorn Tracker.
South China Morning Post. Enoch Yiu (@enochyiu) uses CB Insights valuation data in her report on China’s exploding tech scene.
P.S. Don't miss out on our real estate tech webinar. It's gonna be good.