Weekly Insights Oct 2, 2015

Executive Summary

• Ralph Lauren will step down from the CEO role at the company he founded nearly 50 years ago. Lauren will remain with the company as Executive Chairman and Chief Creative Officer
• Walmart said it is expanding its free grocery pickup service for online orders in eight new markets, and will add additional markets soon
• Amazon has begun selling chilled food products through its website in the UK to customers in Birmingham, via one-hour delivery on about 50 products
• Retail store openings are set to increase by 3,900 in Peru over the next five years, and retail sales are expected to grow by 4% annually, despite Peruvians’ preference for traditional shopping channels