Store Tracker | February 15, 2019 Premium Weekly Store Openings and Closures Tracker 2019, Week 7: Payless May Shut Most of its StoresYear to date in 2019, U.S. retailers have announced 2,187 store closures and 1,503 store openings. Read More
Company Earnings Update | February 14, 2019 Register for Free Access Unibail-Rodamco-Westfield (AMS: URW) FY18 Results: Earnings Beat Guidance, Capital-Consolidation Phase Ahead in the Near TermUnibail-Rodamco-Westfield (URW) reported 2H18 gross rental income of €1.22 billion, up 33.7% year over year and FY18 gross rental income of €2.2 billion, up 21.3% year over year. Read More
Flash Report | February 14, 2019 Register for Free Access Lunar New Year Recap: China’s Retail Sales Grow at the Slowest Pace in YearsRetail and food-service sales in China during Lunar New Year (February 4-10) rose to a new high of ¥1.0 trillion (US$148.7 billion), but the 8.5% year over year growth was the slowest since 2005. Read More
Company Earnings Update | February 14, 2019 Register for Free Access Kering (ENXTPA: KER) FY18 Results: Gucci’s Momentum Sets Kering’s StrideKering reported 2018 EPS from continuing operations of €20.88, up 52.2% from €13.72 in 2017. Total revenues were €13.67 billion, up 26.3% year over year (up 29.4% on a comparable currency basis) and above the €13.59 billion consensus estimate. Read More
Insight Report | February 14, 2019 Premium First Round of US Tax Refunds Lower, Likely Due to Tax Changes and Government Shutdown: 2019 Tax Tracker #1The drop in returns filed is likely due to confusion ensuing from tax law changes, combined with reduced availability of IRS agents due to the government shutdown. Read More
Market Outlook | February 14, 2019 Premium Sector Overview: Beauty Brands and Retailers — Global Companies are Innovating with Independent Brands to Expand PortfoliosThe $464 billion global beauty industry is seeing independent brands, diversification of traditional retailers, growth in men and children and new channels such as popups, medical retailers and pharmacies. Consumers are looking for “clean beauty” and dermocosmetics. Read More
Insight Report | February 13, 2019 Premium US Store Closures 2019 Outlook: No Light at the End of the TunnelStore closure announcements so far in 2019 are up 23% versus this time last year, with potentially many more on the way due to retail bankruptcies continuing at a rapid pace. The number of filings in the first six weeks of 2019 is already at one-third of last year’s total. Read More
Flash Report | February 13, 2019 Register for Free Access Ocado’s First Fully Automated Distribution Center Destroyed by Fire, Threatening Confidence in Its Robotics OfferingFire devastated UK online grocery retailer and technology provider Ocado Group’s first robotic distribution center in Andover, England, which handled 10% of total capacity. Read More
Company Earnings Update | February 13, 2019 Register for Free Access Under Armour (NYSE: UAA) 4Q18 Results: Revenue and EPS Beat Consensus Estimates; Company Maintains Outlook for FY19Under Armour reported 4Q18 sales of $1.39 billion, beating the consensus estimate of $1.38 billion; and, $0.09 adjusted EPS, beating the consensus estimate of $0.04. Read More
Insight Report | February 12, 2019 Premium January 2019 US Same-Store Sales: Costco Misses Consensus, L Brands Comps DeclineCostco’s January comps misses expectations but e-commerce continues to shine Read More
Market Outlook | February 12, 2019 Premium Sector Overview: Retail REITs — An Industry in FluxFor US retail REITs, occupancy rates are improving, vacancies are decreasing and rent asking rates are increasing, but store traffic and other metrics remain negative. REITs are welcoming non-traditional occupants, particularly food. Just 20% of “A” malls generate 72% of all mall sales in the US. Read More
Question of the Week | February 11, 2019 Free Report How Many Mobile Phone Subscriptions Are There in China?Question of the Week February 11 2019 – How Many Mobile Phone Subscriptions Are There in China? Read More
Market Outlook | February 8, 2019 Premium Sector Overview: US Home and Home Improvement Retailers — Mixed Signals in a Time of BountyAnnual growth in national spending on home improvement and repair is expected to decelerate in 2019, due to rising mortgage interest rates and flat home sales activity, according to the Joint Center for Housing Studies of Harvard University. Despite this deceleration, other indicators such as home prices, permit activity, and retail sales of building materials are expected to continue to strengthen and drive continued increases in spending in 2019. Read More
Insight Report | February 8, 2019 Premium Amazon Outpaces the UK and German E-Commerce Markets in 2018We estimate that Amazon grew U.K. revenues 23.3% in 2018, just below 2017’s growth of 24.9% and faster than total U.K. Internet retail sales growth of 14.5% in 2018. In Germany, Amazon revenues climbed 12.1% in 2018, according to our calculations. This compared to an estimated 9.4% increase in total Internet retail sales and Amazon Germany’s 17.5% growth in 2017. In 2018, Amazon captured a 31% share of U.K. Internet retail sales and a 47% share of German Internet retail sales, according to Euromonitor International estimates. Read More
Company Earnings Update | February 8, 2019 Register for Free Access Tapestry (NYSE: TPR) 2Q19 Results: Improved Margin Performance at Coach but Revenues Miss ConsensusAt Coach, global comparable store sales rose 1%, led by outperformance in international and e-commerce channels. Business in Greater China accelerated and Coach’s business with the Chinese consumer increased. Comps were positive in Europe and Japan as well, offset by negative comps in North America and Korea. Comps declined 11% at Kate Spade as the business transitions to a new design team. Marketing to support the launch of Nicola Glass’s new collection was moved to the current quarter (3Q19), and the initial read is positive. Read More
