US wage growth continued to comfortably outpace inflation. Retail sales growth strengthened.
Driven by advancements in digital channels, digitally native retailers are adapting to consumer preferences - but are also opening brick-and-mortar stores.
Pinduoduo reported revenues of ¥7.3 billion ($1.1 billion) for the second quarter ended June 30, 2019, beating the consensus estimate of $878.8 million and up 169% year over year. Operating expenses decreased and operating margin improved to (20.4)%.
Salesforce (NYSE: CRM) 2Q20 Results: Quarter in Line/Beats Consensus, Strength from Marketing and Commerce, Raises Revenue Guidance
Salesforce’s F2Q20 results were in line/beat consensus estimates, driven by strength in the marketing and commerce cloud segment, and the company raised annual revenue guidance.
L Brands (NYSE: LB) 2Q19: Victoria’s Secret Still a Drag on Earnings but Early Read on Swim is Positive
L Brands 2Q19 revenues were $2.90 billion, down 2.8% year over year and lower than the consensus estimate of $2.95 billion. Comparable sales were down 1% compared to a 3% increase last year and below the consensus estimate of a 0.2% rise.
This week’s note “From the Desk of Deborah Weinswig” looks at China’s many shopping holidays – and how Western companies can tap into the opportunity.
Supply Chain Briefing: Chief Supply Chain Officer Role Emerges to Improve Efficiency and Oversee Supply Chain Operations
The role of CSCO is relatively new, but we’re seeing more companies in retail and apparel hiring CSCOs to oversee their increasingly complex supply chain operations. Leveraging a CSCO role offers many benefits for forward-looking companies.
Urban Outfitters (NYSE: URBN) 2Q19 Results: Sales and Comps Below Expectations Due to Softer Women’s Apparel Assortment
Urban Outfitters reported fiscal 2Q19 revenues of $962.3M, lower than the consensus estimate of $980.6M and down 3% year over year. The company reported 2Q19 EPS of $0.61, above the consensus estimate of $0.58 and down 27.4% from the year ago period.
Estée Lauder (NYSE: EL) 4Q19 Results: Asia Pacific Markets Grow Double Digits; Raises Sales and EPS Guidance for Full Year
Estée Lauder reported 4Q19 revenues of $3.6B, up 9% YoY compared to $3.3B in the prior-year period. Adjusted, non-GAAP (EPS) were $0.68, compared to $0.61 in the year ago quarter, up 12%.
This report looks at payment platforms, explores their prospects, and reviews new technologies that could shape the future of the global payment landscape.
China’s booming bubble tea market has experienced a high CAGR of 20% between 2014 and 2018, according to Qianzhan. Innovations in bubble tea recipes, modern tea houses serving as hang-out venues for consumers as well as viral marketing are factors that attribute to demand.
Vipshop (NYSE: VIPS) 2Q19 Results: Revenue and EPS Beat Consensus Thanks to Strong Apparel Sales and More Active Customers
Vipshop 2Q19 revenues were up 9.7% to ¥22.7 billion, primarily driven by more active customers and a focus on the fast-growing high-margin apparel sector.
Alibaba (NYSE: BABA) 1Q20 Results: EPS Beats Estimates, Strong Revenue Growth Driven by China Marketplaces and Cloud Segment
Alibaba 1Q20 revenue of ¥114.9 billion misses consensus, but the company remains confident China’s growing middle class will support growth.
Chinese online grocer Dada-JD Daojia is reportedly conducting talks bankers to raise around $500 million in a US IPO in May 2020. Walmart owns a 10% stake in the venture.
Radio Frequency Identification (RFID) and Near Field Communication (NFC) are key technologies to digitalize store operations and can be instrumental to facilitate omnichannel retail.