US FTC files lawsuit to block Tapestry-Capri’s $8.5bn merger

France mandates retailers to flag shrinkflation for customers. Amazon launches grocery delivery subscription for Prime and EBT users. And Ermenegildo Zegna reports 8.1% revenue growth in Q1 FY 2024.

Forward this email  |  View in browser Retail Insight Network In Brief April 24, 2024 SPOTLIGHT READ US FTC files lawsuit to block Tapestry-Capri's $8.5bn merger The agency alleged that Tapestry would dominate the accessible luxury handbag market, surpassing every other competitor. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS France mandates retailers to flag shrinkflation for customers The mandate exempts prepackaged foodstuffs with variable quantities and items sold in bulk.   Amazon launches grocery delivery subscription for Prime and EBT users  The service offers unlimited grocery delivery on orders exceeding $35 from various platforms.   Ermenegildo Zegna reports 8.1% revenue growth in Q1 FY24 By geographical area, the Americas led revenues with YoY growth of 57.7% over the quarter.   JD Sports muscles up in US market with $1.1bn acquisition of Hibbett The acquisition of Hibbett, which boasts over 1,100 stores across 36 US states, will give JD Sports a coast-to-coast presence in the country.   Amazon adds Arizona to drone delivery network in US Since 2022, Amazon has been delivering thousands of items to customers in less than an hour using drones.   Woolworths rolls out team safety cameras across New Zealand stores  The retailer's team members reported a reduction in customer conflict and abuse due to the presence of the cameras.   Foodpanda and The Trade Desk partner on retail media solutions The partnership aims for brands to better reach their target audience and measure the success of digital advertising campaigns on the open internet. Read more news IN-DEPTH READ Airport Retailing Market Overview   Per GlobalData, the airport retailing market was valued at $35.2 billion in 2023. The market benefited from an increase in air traffic, and airport retailers capitalized on this by expanding their presence across different markets. Furthermore, airport retailers adopting innovative omnichannel initiatives will support the market growth recording a CAGR of >9% during 2023-2028. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Click below to view more from across the network: Packaging Gateway    |   Just Style   |   Just Drinks   |   Just Food        Was this email forwarded to you? Sign up here.   Please send any news or comments to: consumer.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences