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Weinswig’s Weekly Sep 14, 2018

Executive Summary

September 14, 2018

  • This week’s note “From the Desk of Deborah Weinswig” discusses the prospects for US retail as we head into the fourth quarter.
  • Amazon will be the No. 1 seller of apparel in the US in 2018, according to Wells Fargo. The e-commerce behemoth’s apparel and footwear gross sales are expected to top $30 billion this year.
  • HBC and Signa, the respective owners of German department store chains Galeria Kaufhof and Karstadt, announced that they have agreed to merge the two chains.
  • On September 10, 2019, Alibaba CEO Daniel Zhang will replace Group Executive Chairman and cofounder Jack Ma as chairman of the Alibaba board. Ma will continue to serve as a member of the board until the company’s annual general meeting in 2020.

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