Flash Report | January 30, 2017 Register for Free Access Tesco-Booker Merger: Uniting Food Retail and WholesaleTesco, the UK’s biggest grocery retailer, and Booker, the UK’s largest cash-and-carry wholesale supplier, have announced an agreement to merge. The transaction values Booker, the smaller of the parties, at £3.7 billion. Read More
Deep Dive | January 27, 2017 Premium 2017 Spring Festival Preview Part 2: Chinese Expected to Spend Big on Outbound Travel and EntertainmentIn Part 2 of our 2017 Spring Festival Report, we focus on two main themes: 1) the continued rise in Chinese outbound travel; and 2) the growing preference for spending on experiences and entertainment. Read More
Analyst Corner | January 27, 2017 Register for Free Access Weekly Insights Jan 27, 2017This week’s note “From the Desk of Deborah Weinswig” discusses the whirlwind of policies and executive orders US President Donald Trump has launched since taking office on January 20 Read More
Company Earnings Update | January 27, 2017 Register for Free Access L’Oréal (ENXTPA: OR) FY16 Results: Solid Top-Line Growth Across All RegionsLVMH Moët Hennessy Louis Vuitton increased revenues by 5.0% year over year in FY16, to €37,600 million, which was above the consensus estimate of €37,316 million. Revenues increased by 6.0% year over year on an organic basis. Read More
Insight Report | January 27, 2017 Premium Amazon Introduces New Rewards Card for Prime MembersAmazon recently released a revamped rewards card for its Prime members that offers 5% cash back on Amazon purchases and solid rebates on other purchases. Read More
Company Earnings Update | January 27, 2017 Register for Free Access Unilever (LSE: ULVR) FY16 Results: Top and Bottom Line Beat Estimates, But Tough Start to FY17Unilever reported FY16 sales of €52,713 million, ahead of consensus of €52,373 million, but down 1.0% from FY15. At constant exchange rates, sales increased by 4.3%. Read More
Company Earnings Update | January 26, 2017 Register for Free Access eBay (EBAY) 2016 Results: Mixed Quarter and OutlookeBay reported 4Q16 revenues of $2.4 billion, up 3.1% year over year and in line with the consensus estimate. Gross merchandise volume (GMV) was $22.3 billion, up 2% year over year as reported and up 5% on a currency-neutral basis. Adjusted EPS was $0.54, compared with $0.50 in the year-ago quarter, beating the consensus estimate by a penny. Read More
Insight Report | January 25, 2017 Premium vip.com Luncheon TakeawaysThe Fung Global Retail & Technology team attended the Vipshop luncheon hosted by Supply Chain and Logistics Professionals (SCLP) on January 20, 2017. Filippo Gori, Business Development Director for International Brands at Vipshop discussed the opportunities and challenges that international fashion brands face when selling to Chinese consumers. In this report, we summarize the key takeaways from the luncheon. Read More
Insight Report | January 25, 2017 Premium Alibaba (BABA) FY3Q17 Results: Another Solid Quarter Thanks to Robust Online Ad GrowthAlibaba reported FY3Q17 revenue of ¥53.3 billion, up 54.1% year over year, and beat consensus by 6%. The company attributed the strong results to robust growth of online marketing service revenue, as well as growth in commission revenue and consumer usage. Read More
Insight Report | January 24, 2017 Premium The Disruptor: Tubatu – An O2O Disruptor in the Home Décor MarketTubatu is a B2C e-commerce platform which aims to provide interior design and home décor services by linking customers to local professionals. The company is estimated to be worth US$2 billion. Read More
Insight Report | January 23, 2017 Premium UK December Retail Sales and Christmas Wrapup: A Bumper Holiday PeriodOfficial data and company updates confirm that it was a bumper holiday season. Total retail sales grew by 7.1% in December, the strongest December growth recorded in decades. Read More
Insight Report | January 23, 2017 Premium December 2016 UK Retail Sales and Christmas Wrapup: A Bumper Holiday PeriodOfficial data and company updates confirm that it was a bumper holiday season. Total retail sales grew by 7.1% in December, the strongest December growth recorded in decades. Read More
Analyst Corner | January 20, 2017 Register for Free Access Weekly Insights Jan 20, 2017This week’s note “From the Desk of Deborah Weinswig” discusses what presenters and attendees at NRF Retail’s Big Show 2017 had to say about the in-store experience and explores three core functions retailers can provide in order to drive store traffic. Read More
Company Earnings Update | January 20, 2017 Register for Free Access Ahold Delhaize (ENXTAM: AD) 4Q and FY16 Trading Update: Strong Sales in the Netherlands Boost Group PerformanceAhold Delhaize reported FY16 revenues of €62,331 million, up 3.4% from FY15 at constant currency (+3.7% in reported currency) and slightly below the consensus estimate of €62,419 million. Read More
Insight Report | January 20, 2017 Premium Carrefour (ENXTPA: CA) 4Q and FY16 Trading Update: Growth Slows in FranceCarrefour reported FY16 sales growth of 3.3% at constant currency to €85.7 billion including VAT ex fuel (down 0.7% in reported currency, including fuel). Read More
