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Weinswig’s Weekly December 7, 2018

Executive Summary

  • This week’s note “From the Desk of Deborah Weinswig” discusses the trend of retailers opening small-format stores and offering some existing store space to other parties.
  • Millennials’ peculiar spending habits are the subject of constant scrutiny, and a new US Federal Reserve study confirms what many young people have likely known all along: if they’re spending less than previous generations, it’s because they have less money to spend.
  • Retail sales in the UK grew by 0.5% year over year in November, according to the British Retail Consortium-KPMG Retail Sales Monitor. Comparable sales fell by 0.5% as aggressive promotional activity proved futile to luring shoppers.
  • E-commerce behemoth Alibaba and Spanish department store chain El Corte Inglés have signed a partnership agreement to explore new business opportunities within a digital retail and omnichannel common framework.

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