July 24, 2018 Insight Report Premium Retail-Tech Alliances: Why Walmart Is Collaborating with Microsoft, and Carrefour with Google, on Retail DigitalizationTwo retail-tech collaborations have been recently announced, one between US retail giant Walmart and US technology giant Microsoft and another between leading French retailer Carrefour and US technology leader Google. In this report, we analyze:
July 23, 2018 Company Earnings Update Register for Free Access VF Corporation (VFC) 1Q19 Results: Strong Vans Revenues, Increases GuidanceVF Corporation reported 1Q19 adjusted EPS of $0.43, above the consensus estimate of $0.33. Revenues were $2.79 billion, beating the consensus estimate of $2.68 billion.
July 19, 2018 Flash Report Register for Free Access JD.com and L Catterton Asia Invest in Online Luxury Fashion Retailer SecooChina’s largest online retailer JD.com and consumer-focused, private-equity firm L Catterton Asia have invested $175 million in Secoo, the largest online luxury fashion retailer in China.
July 19, 2018 Insight Report Premium Amazon Prime Day 2018 Wrap-Up: Amazon Announces Another Record Day but Remains Vague on Revenue FiguresAmazon announced that Prime Day 2018 was the “biggest shopping event” in the company’s history, surpassing Black Friday, Cyber Monday and previous Prime Day events.
July 17, 2018 Insight Report Premium Who Is Taking the Vacant Toys“R”Us Stores?With June 29 marking its final day in business in its home market, Toys“R”Us has now closed down all of its stores in the US. The impact of the toy retailer’s departure on US retail is significant. We estimate 28.6 million square feet of retail space has been left vacant with the closure of Toys“R”Us, and in terms of the number of stores, this represents 21% of total store closures announced year to date in the US.
July 17, 2018 Insight Report Premium Amazon Kicks Off the First Half Day of 2018 Prime Day in the US and EuropeAmazon launched its 2018 Prime Day (and a half) at noon local time in the UK and Europe markets and at 3:00 p.m. EDT in the US.
July 16, 2018 Flash Report Register for Free Access Nordstrom Investor Day 2018: Company Plans to Grow Revenues 20% by 2022; Strategic Brands to Account for 50% of GrowthOn July 10, Nordstrom hosted an Investor Day in Los Angeles, California, its largest market. The company provided an overview of its digital strategy, financial targets and an aspiration to be the best fashion retailer in the world.
July 16, 2018 Insight Report Premium June 2018 US Same-Store SalesCostco’s same-store sales growth accelerated in June versus the same period last year. Buckle, Cato and L Brands all reported comp improvement year over year.
July 16, 2018 Flash Report Register for Free Access China Tech Briefings: Alibaba Invests in Turkish Online Fashion Site TrendyolAlibaba has announced an investment in Turkey’s leading online fashion shopping site, Trendyol. According to Alibaba, itis the largest transaction in Turkey’s Internet sector to date.
July 13, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 28: Fabletics Plans 75 New StoresYear-to-date 2018, the number of US store closure announcements stands at 4,204 and the number of store openings is 2,153. Year to date in the UK, there have been 999 store closure announcements and 632 store opening announcements.
July 13, 2018 Company Earnings Update Register for Free Access ASOS (LSE: ASC) 3Q18 Update: Steady Growth in Sales with the UK Leading the WayASOS reported 3Q18 group revenue growth of 22% to £823.9 million in the four months ended June 30, 2018.
July 11, 2018 Flash Report Register for Free Access Walmart’s Jet.com to Open E-Commerce Fulfillment Center in New York CityWalmart-owned Jet.com is planning to lease a fulfillment center in the Bronx borough of New York City. The new warehouse will enable Jet to offer same-day delivery of groceries and selected merchandise and to significantly reduce its current delivery time of two days.
July 11, 2018 Insight Report Premium China Tech Briefings: Ling Shou Tong—Alibaba Leverages Independent Convenience Stores to Gain a Competitive Advantage in New RetailLing Shou Tong is a partnership program between Internet giant Alibaba, the owner of Tmall, and independent, family-run convenience stores (c-stores) in China. It aims to modernize c-stores by enabling them to incorporate technology for analytics and operational improvement.
July 9, 2018 Flash Report Register for Free Access Amazon to Acquire PillPack for a Reported $1 Billion, Bolstering Pharmacy AmbitionsAmazon has entered into an agreement to acquire US-based online pharmacy PillPack. The transaction is subject to regulatory approvals and is expected to close in the second half of 2018.
July 6, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 27: Macy’s Plans 55 New Bluemercury StoresYear-to-date 2018, the number of US store closure announcements stands at 4,146 and the number of store openings is 2,042. Year to date in the UK, there have been 956 store closure announcements and 625 store opening announcements.
