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Weekly Insights Oct 30, 2015

Executive Summary

  • This week, members of the FBIC US team attended the Kroger and Ascena Investor Days and spoke at the Decoded Fashion New York Summit
  • Walgreens Boots Alliance announced an agreement to acquire Rite Aid, which would bring together the #1 and #3 retail pharmacy companies creating a pharmacy giant with over 13,000 stores
  • Lord & Taylor said it plans to open its first off-price store, called Find @ Lord & Taylor. The new Find concept is designed to appeal to a younger, millennial audience at a lower price point
  • Online artisan marketplace Etsy launched its delivery service, Etsy ASAP, which will service select parts of Manhattan, Brooklyn and Queens for a flat fee of $20 with same-day or next-day delivery

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