Executive Summary

• This week’s note “From the Desk of Deborah Weinswig” discusses Amazon’s newly launched European private-label apparel brand, Find.
• Best Buy and Macy’s are expanding their same-day delivery offers as they try to be more competitive with online leader Amazon. Best Buy will expand same-day delivery to 27 metropolitan markets from 13 starting next week and Macy’s will offer same-day delivery in 15 additional markets, for a total of 33 areas.
• French department store Galeries Lafayette has announced plans to acquire a 51% stake in mail-order and online retailer La Redoute. The acquisition will take place through Galeries Lafayette’s holding company, Motier, and is expected to be completed over the next few months.
• GoGoVan, a logistics on-demand provider that connects van drivers and customers for transporting goods, is Hong Kong’s first $1 billion startup, following a merger deal with 58 Suyun, a fellow logistics on-demand platform that is focused on serving consumers.