Company Earnings Update | March 31, 2017 Register for Free Access H&M (STO: HM-B) 1Q17 Results: Below Target Sales Growth; New Concept To Be Launched in Early Fall 2017Swedish fast-fashion retailer Hennes & Mauritz AB reported SEK47.0 billion in net sales in 1Q17, slightly below the consensus estimate of SEK48.1 billion and up 8.0% year over year. Constant-currency sales increased by 4.0% in the quarter and UK sales increased 5.0%. Read More
Insight Report | March 31, 2017 Premium Walmart on an Acquisition Spree: A Move to Strengthen its Online PresenceWe believe Walmart—after acquiring a capable e-commerce team from Jet.com—is trying to build an online retail network with Jet.com in the center and other smaller e-commerce brands and retailers at the peripheral. Read More
Analyst Corner | March 31, 2017 Register for Free Access Weekly Insights Mar 31, 2017This week’s note “From the Desk of Deborah Weinswig” provides an update on the entry of German grocery discounter Lidl into the US market. Read More
Company Earnings Update | March 29, 2017 Register for Free Access Restoration Hardware (RH) 4Q16 Results: Better-than-Expected Results; Upbeat 2017 OutlookRestoration Hardware reported 4Q16 adjusted EPS of $0.68, down from $0.98 in the year-ago quarter but above the consensus estimate of $0.65 and inline with company guidance. The retailer reported adjusted revenue of $590.1 million, down 8.8% from $647.2 million in the year-ago quarter but above the $584.2 million consensus estimate. Read More
Company Earnings Update | March 29, 2017 Register for Free Access Ahold Delhaize Updates on Store Divestments and Belgium StrategyThe Belgian Competition Authority (BCA) approved the merger of Ahold and Delhaize Group on March 15, 2016. The approval was conditional upon the divestment of a number of stores and projects, in Belgium, to address competition concerns. Read More
Deep Dive | March 29, 2017 Premium US Consumer Survey— Amazon Yet to Crack the Menswear MarketBrick-and-mortar stores remain the main channel where consumers buy. Two-thirds of surveyed men have bought menswear online, and only 2.6% say they buy most often online. Read More
Deep Dive | March 28, 2017 Premium Amsterdam— A Leading European Startup HubAccess to capital: Amsterdam-based technology startups have ample access to early-stage funding, crowdfunding and business angel funding. Read More
Company Earnings Update | March 27, 2017 Register for Free Access Finish Line (FINL) Fiscal 4Q17 Results: EPS Misses Consensus; Comps WeakFinish Line reported fiscal 4Q17 adjusted EPS of $0.50, missing the consensus estimate of $0.70. Read More
Deep Dive | March 27, 2017 Premium Deep Dive: Intime Retail- The Roadmap to New Retail with AlibabaWe attended Intime Retail Group’s analyst briefing where the Chairman (who is also Alibaba’s CEO), CEO and CFO all spoke about the implementation of the New Retail, which refers to the integration of online and offline retail, and logistics across a single value chain. They all held the view that both online and physical retailers will need to change their operating models,as the mobile internet has drastically changed the way consumers shop. Read More
Deep Dive | March 24, 2017 Premium Deep Dive: India Rising Part 2— E-Commerce Disruptors in IndiaThis is the second report in our India Rising series focusing on the Indian startup ecosystem. We identify the following four retailers as the main disruptors in Indian e-commerce: Flipkart, Snapdeal, Quikr, and Bigbasket. Read More
Company Earnings Update | March 24, 2017 Register for Free Access PVH (PVH) 4Q16 Results: International Sales Growth Helps Offset More Challenging USPVH Corp. reported 4Q16 adjusted EPS of $1.23, above the consensus estimate of $1.19. Read More
Company Earnings Update | March 24, 2017 Register for Free Access Next (LON: NXT) FY16 Results: Retail Store Comparable Sales Fall 5.4%; Weak Guidance for FY17British fashion retailer Next reported £4,097 million in group revenues in FY16, down 1.9% year over year and below the consensus estimate of £4,157 million. Retail store comparable sales declined 5.4% year over year, reflecting meaningful sales erosion. Read More
Analyst Corner | March 24, 2017 Register for Free Access Weekly Insights Mar 24, 2017This week’s note “From the Desk of Deborah Weinswig” discusses takeaways from the second annual Shoptalk conference that was held in Las Vegas this week. Read More
Insight Report | March 23, 2017 Premium Kingfisher (LSE: KGF) FY17 Results: Profits Jump Against Weak ComparativesUK-based DIY giant Kingfisher reported a 7.5% jump in FY17 statutory total sales, helped by the depreciation of the British pound. On an adjusted and constantcurrency basis, total sales were up 1.7%. Read More
Company Earnings Update | March 23, 2017 Register for Free Access Five Below (FIVE) 4Q16 Results: EPS beat, positive guidance for 2017Five Below reported 4Q16 revenues of $388.1 million, up 18.9% from $326.3 million in the year-ago period and slightly above the consensus estimate of $387.6 million. EPS was $0.90, ahead of the $0.89 consensus estimate and up 16.9% year over year. Read More
