Essential briefings on the companies you need to know about. Explore company profiles, earnings updates, sector coverage and deep-dive research reports on the Coresight 100, our focus list of retailers, brand owners and real estate firms, spanning the U.S., Europe and Asia.
Our Who Shops Where reports profile US consumers who shop for selected categories at major US retailers. In this report, we look at the demographics of apparel shoppers.
The Office for National Statistics (ONS) reported a strengthening of year-over-year retail sales growth to 7.2% in April, with a 7.4% increase in volumes.
Vipshop reported 1Q19 revenues of ¥3 billion, up 7.3% year over year and beating the consensus estimate of ¥20.5 billion.
BJ’s Wholesale Club reported 1Q19 adjusted EPS of $0.26, up 63.8% and beating the consensus estimate $0.25. Revenues were $3.14 billion, up 2.7% and ahead of the $3.05 billion consensus estimate.
Home Depot reported 1Q19 adjusted EPS of $2.28, up 9.4% and beating the consensus estimate of $2.20. Revenues were $26.38 billion, up 5.7% and marginally ahead of the $26.35 billion consensus estimate.
B&M reported FY19 total sales of £3.49 billion up 15.1% year over year and ahead of the consensus estimate of £3.44 billion recorded by StreetAccount.
Best Buy reported 1Q20 results that beat consensus comp and EPS estimates and reiterated its full-year guidance. There will be a management change In June, with the CEO becoming executive chairman.
M&S reported FY19 total sales of £10.4 billion, down 3.0% year over year, and roughly in line with the consensus estimate by StreetAccount.
On May 20, 2019, Ascena Retail Group announced the closure of its Dressbarn business.
Target reported 1Q results that beat consensus estimates. Comps increased 48% and e-commerce revenues increased 42%. The company reiterated its 20-19 guidance
Pinduoduo reported 1Q19 revenues of ¥4.5 billion, up 228% year over year and beating the consensus estimate of ¥4.1 billion.
Kohl’s reported fiscal 1Q19 revenues of $4.09B, beating the consensus estimate of $3.95B, and down 2.9% YoY. The company is expanded its Amazon partnership nationwide beginning in July 2019.
JCPenney reported fiscal 1Q19 revenues of $2.44 billion, lower than the consensus estimate of $2.48 billion, and down 5.6% year over year. The company reported 1Q19 EPS of $(0.46), lower than the consensus estimate of $(0.39), and comparable with the year ago period.
The gross merchandise volume (GMV) of China’s fresh food e-commerce market is expected to increase 160% to ¥162.0 billion in 2019 from ¥62.2 billion in 2016, according to iiMedia.
Alibaba is accelerating its global expansion by allowing merchants in selected countries to sell on AliExpress and launching the “The New Chinese Goods Project.”
