Company Earnings Update | February 22, 2019 Register for Free Access Loblaw (TSX: L) 4Q18 Results: Revenues Miss Expectations as Food Demand Proves “Moderate” and Pharmacy Sales Remain SoftLoblaw fourth quarter 2018 revenues miss expectations as food demand moderates and pharmacy sales remain soft. Full year revenues were up just 0.2% while EPS climbed a moderate seven cents per share. Read More
Store Tracker | February 22, 2019 Databank Members Weekly Store Openings and Closures Tracker 2019, Week 8: Payless Files for Bankruptcy, Set to Close 2,100 StoresYear to date in 2019, U.S. retailers have announced 4,287 store closures and 1,586 store openings. Read More
Insight Report | February 22, 2019 Premium January 2019 US Monthly Retail Traffic and In-Store Metrics Report: Post-Holiday Fatigue and Inclement Weather Drive Underwhelming January TrafficAll regions posted sales and traffic declines in January compared to the same period last year. The Midwest registered the largest year-over-year decline in traffic of all regions at 17.5%, owing to severe weather conditions. With warmer and wetter conditions, the South experienced the lowest decline, at 5.8%. The Midwest also recorded the largest year-over-year in-store sales decline among all regions, down 16.8%, whereas the West, which enjoyed warmer and drier conditions, reported the smallest decline, down 1.4%. Read More
Company Earnings Update | February 22, 2019 Register for Free Access Gildan (NYSE: GIL) 4Q18 Results: Activewear Drives Strong Revenue GrowthGildan 4Q18 sales rose 13.6% driven by a 22.3% increase in activewear sales. Adjusted operating margin expanded 230 bps due to a 300 bps decline in the SG&A expense ratio. The company’s 2019 outlook includes a 10% increase in adjusted EPS and mid-single-digit sales growth. Read More
Company Earnings Update | February 22, 2019 Register for Free Access CVS (NYSE: CVS) 4Q18 Results: Revenues Beat Consensus; FY19 Profit Outlook Poor Due to Aetna IntegrationCVS reported 4Q18 revenues of $54.4 billion and adjusted EPS of $2.14, up 11.5%. FY18 revenues increased 5.3% to $194.0 billion and adjusted EPS by 19.9% to $7.08. CVS expects FY19 revenues to grow 28.4-30.7% to $249.9-254.3 billion. Read More
Market Navigators/Market Outlook | February 21, 2019 Premium Sector Overview: Convenience Stores — As Consumers Seek Ever More Convenience, Digitalization PrevailsThe convenience store sector is changing to adapt to consumers who live in an increasingly digitalized world who expect both quality and convenience. E-commerce, hypermarket and supermarket operators are muscling into the space, opening their own smaller retail formats. We expect consolidation as M&A activity continues. Read More
Market Navigators/Market Outlook | February 21, 2019 Premium Sector Overview: Mass Merchants — Dollar Stores Expand, Mass Merchandisers Digitalize and Costco Widens Its Lead Among Warehouse ClubsAs store closures resume in earnest in 2019, dollar stores are bucking the trend, expanding rapidly. Look for technology to be a deciding factor in the coming years as brick and mortar companies integrate online and offline offerings. Read More
Question of the Week | February 18, 2019 Free Report Who Is Benefiting from the Absence of Toys “R” Us?Question of the Week February 18 2019 – Who Is Benefiting from the Absence of Toys “R” Us? Read More
Insight Report | February 15, 2019 Premium London Likely to Remain Europe’s Top Tech-Startup Hub Despite Brexit UncertaintyIn the fourth quarter of 2018 the U.K. continued to lead in Europe in number of startup deals (the number of VC investments), capturing 29% of all deals in Europe, according to global VC database Dow Jones VentureSource. France and Germany came second and third during the quarter, with 13% and 12% of the total number of deals in Europe respectively. Read More
Market Navigators/Market Outlook | February 15, 2019 Premium Sector Overview: Luxury — New Customers and New Business Models Equals a New LuxuryRapidly changing consumer attitudes, sophistication and expectations have shaken the status quo in luxury, pushing purveyors into the tech-savvy 21st century. Those that don’t keep pace with the new luxury consumers will be left behind. Read More
Company Earnings Update | February 15, 2019 Register for Free Access Canada Goose (NYSE: GOOS) 3Q19 Results: Revenue and EPS Beat Consensus, Raises FY19 GuidanceCanada Goose revenues up 50%, EPS up 64%, revises guidance upwards, plans two new Canada manufacturing facilities, bringing total to eight. Read More
Company Earnings Update | February 15, 2019 Register for Free Access Taubman Centers (NYSE: TCO) 4Q18 Results: Beats Consensus Estimates, Lowers 2019 Guidance, Announces Sale of Half its Stake in Asia MallsTaubman Centers revenues down 2.7%, net operating revenue down 2.6%, EPS slides 84.9%. Company to sell 50% of its interests in three Asia shopping centers for $480 million. Read More
Store Tracker | February 15, 2019 Databank Members 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
