Analyst CornerWEINSWIG’S WEEKLY AUGUST 2 2019 Coresight Research August 2, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at 2019 US back-to-school shopping. Amazon’s ramped-up spending on speedier delivery for Prime customers accelerated second quarter sales – but also crimped profits. Sales soared 20% in the second quarter, but profits came in below expectations. Japanese chat app Line plans to launch an online grocery delivery service in Thailand. Customers use the app to order food and other items to be picked up from sellers and delivered to them. Grant Thornton will step down as Sports Direct auditor after the disclosure of a £605 million ($736 million) tax bill in Belgium that delayed its results announcement. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: AI Insights: Instacart CEO Fidji Simo To Join OpenAI as CEO of ApplicationsHigh-Tech Retailing—Four Technologies That Retailers Can Use to Enchant Consumers: Insights from the Retail Track at CES 2025Mixed Signals—Economic Optimism Continues But Consumers Feel the Strain on Personal Finances: China Consumer Survey InsightsFive Ways AI Is Being Used in Apparel and Footwear Retailing—and What’s Next
