Weinswig’s Weekly — August 9, 2019

Executive Summary

• This week’s note “From the Desk of Deborah Weinswig” looks at the impact of the falling UK pound on British consumers and retailers.
• FedEx will end its delivery agreement with Amazon as the online juggernaut develops its own delivery network which could potentially compete with FedEx.
• UK-based online fashion group Boohoo Group has purchased the online business and intellectual property rights of fashion brands Karen Millen and Coast from administrators for £18.2 million ($22.1 million).
• Indian e-commerce firm Flipkart will add a free video streaming service to its app, rolling out to 1% of users now but with a target of 100% in 20 days. The move is designed to attract new users and increase engagement.