May 23, 2018 Event Coverage Register for Free Access What We’re Hearing at ICSC RECon 2018: 10 Takeaways on Retail Real EstateThe Coresight Research team is attending the ICSC RECon convention, which is taking place in Las Vegas May 20–23. Here, we feature some takeaways from our conversations with the retail real estate executives in attendance.
May 23, 2018 Company Earnings Update Register for Free Access Urban Outfitters (URBN) Fiscal 1Q19 Results: Beats on EPS, Revenue and CompsUrban Outfitters reported fiscal 1Q19 EPS of $0.38, up from $0.10 in the year-ago quarter and above the $0.31 consensus estimate. Total revenues were $855.7 million, up 12.4% year over year and above the $838.4 million consensus estimate.
May 23, 2018 Company Earnings Update Register for Free Access TJX (TJX) Fiscal 1Q19 Results: Misses on EPS, but Raises FY19 GuidanceThe TJX Companies reported fiscal 1Q19 adjusted EPS of $0.96, below the consensus estimate of $1.02. Revenues were $8.69 billion, up 11.6% year over year and beating the consensus estimate of $8.47 billion.
May 23, 2018 Company Earnings Update Register for Free Access KOHL’S (KSS) 1Q18 Results: Progress in Operations Boosts Earnings and ProfitabilityIn 1Q18, Kohl’s reported total revenues of $4.21 billion, up 3.5% year over year. Adjusted EPS was $0.64, beating the $0.50 consensus estimate and up from $0.39 in the year-ago quarter. Comp sales were up 3.6% from the year-ago quarter.
May 23, 2018 Flash Report Register for Free Access JCPenney Chairman and CEO Marvin R. Ellison to Leave for Lowe’sJCPenney’s Chairman and CEO Marvin R. Ellison has been appointed President and CEO of Lowe’s, effective July 2.
May 22, 2018 Deep Dive Premium Subscription Commerce Update – Disruptors Face DisruptionSubscription services continue to capture billions of dollars that would otherwise go to conventional retailers. However, we are now seeing some US subscription commerce disruptors face disruption themselves.
May 21, 2018 Company Earnings Update Register for Free Access Nordstrom (JWN) 1Q18 Results: Misses on Comps, Raises EPS Guidance RangeNordstrom reported 1Q18 EPS of $0.51, up 37.2% year over year and beating the $0.43 consensus estimate. Total revenues were $3.56 billion, up 6.2% and beating the $3.45 billion consensus estimate.
May 18, 2018 Company Earnings Update Register for Free Access Walmart (WMT) Fiscal 1Q19 Results: Net Sales Beat Expectations, Guidance Affected by Portfolio RepositioningWalmart reported fiscal 1Q19 net sales of $121.6 billion, up 4.4% year over year and beating the $119.3 billion consensus estimate. US comps increased by 2.1% in the quarter. Adjusted EPS was $1.14, beating the $1.12 consensus estimate.
May 18, 2018 Company Earnings Update Register for Free Access Macy’s (M) 1Q18 Results: Company Beats Estimates, Raises Full Year GuidanceMacy’s reported 1Q18 adjusted EPS of $0.42 and total revenues of $5,541 million, exceeding analysts’ estimates. Comparable sales were up 3.9% on an owned basis and up 4.2% on an owned-plus-licensed basis.
May 18, 2018 Company Earnings Update Register for Free Access JCPenney (JCP) 1Q18 Results: New Sales Negatively Impacted by Store Closures, Company Results Below EstimatesJCPenney reported 1Q18 net sales of $2.58 billion, down 4.3% year over year and below the $2.62 billion consensus estimate. Comparable sales were up 0.2% for the period. Store closures in FY17 and unseasonal weather during the first quarter negatively impacted results.
May 17, 2018 Event Coverage Register for Free Access Demand for Natural Products and Experiences Drives Beauty Growth: Top Takeaways from the WWD Beauty CEO Summit 2018Our top takeaways from the WWD Beauty CEO Summit 2018 include:
May 16, 2018 Company Earnings Update Register for Free Access Home Depot (HD) 1Q18 Results: Beats on EPS, Misses on Revenues and Same-Store SalesHome Depot reported 1Q18 EPS of $2.08, up from $1.67 in the year-ago quarter and ahead of the $2.05 consensus estimate. Total revenues were $24.95 billion, up 4.4% year over year but below the $25.17 billion consensus estimate.
May 14, 2018 Insight Report Premium Quick Take: The Boom in Marketplace PlatformsIn this report, we review the different types of marketplace platforms.
May 11, 2018 Company Earnings Update Register for Free Access Next (LSE: NXT) 1Q19 Trading Update: Strong Quarter, Raises Full-Year GuidanceNext reported total full-price sales growth of 6.0% in the first quarter ended May 7, 2018. Full-price in-store retail sales declined by 4.8%, while full-price online sales jumped by 18.1%.
May 11, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 19: Five Below Opens Over 30 New StoresCoresight Research tracks store openings and closures for a select group of retailers in the US and the UK, as well as major US store bankruptcies.
