Welcome to Power Retail Sparks, a roundup of the global e-commerce news that happened this week. We will update the news stories as they happen. Stay tuned.

The online boom is continuing to affect the retail industry, with beauty innovator Glossier closing its stores to expand its online offering.

NYFTLab (New York Fashion Tech Lab) is an innovative and community-driven business development program. We sat down with Jackie Trebilcock, the Managing Director of NYFTLab to discuss customer behaviour and the future of retail.

The power of cryptocurrency is growing stronger, as France is introducing Bitcoin as an accepted payment within 30 brands across 25,000 stores by 2020. 

New York Fashion Week is in full swing, with designers like Jeremy Scott, Carolina Herrerra and Savage x Fenty showcasing the next big thing for A/W 2020.

Barneys New York is reportedly considering filing for bankruptcy, as it struggles to pay its sky-high rent and adapt with changing consumer tastes.

Alibaba is continuing a year of great momentum, building its exposure in the US retail market by acquiring a larger share of Seattle-based retailer, Zulily.