Executive Summary

June 7, 2019

• This week’s note “From the Desk of Deborah Weinswig” looks at the massive changes technology has brought to retail over the years – and what’s coming next.
• Costco leads competitors in combating in-store theft, reporting that its shrinkage rate was just 0.11-0.12% of sales, compared to the 1.33% industry average in 2017.
• Amazon is bringing nearly 100 small online merchants to the high street with a series of pop-up shops across the UK in a year-long pilot program. Stores are to open in Manchester, Wales, Scotland, the Midlands, Yorkshire and the Southeast.
• Australian fashion retailer Cotton On has started selling in India through online shopping site Myntra, and plans to open a physical store in either Delhi or Mumbai by the end of 2020.