February 7, 2018 Flash Report Register for Free Access Hudson’s Bay Company Appoints CVS Health Executive Helena Foulkes as CEOHudson’s Bay Company (HBC) announced the appointment of Helena Foulkes as its new CEO, effective February 19.
February 7, 2018 Flash Report Register for Free Access Lululemon CEO Laurent Potdevin ResignsLululemon, the healthy lifestyle-inspired athletic apparel company announced that Laurent Potdevin has resigned as CEO and as a member of the company’s Board of Directors, effective immediately.
February 7, 2018 Flash Report Register for Free Access JD.com Partners with Fung Retailing to Transform Retail through AIOn February 2, JD.com, China’s leading online retailer, announced a partnership with Fung Retailing, the retail business arm of Hong Kong conglomerate the Fung Group, to transform the retail landscape using artificial intelligence (AI).
February 2, 2018 Company Earnings Update Register for Free Access H&M (STO: HM-B) FY17 Results: Sales Growth Slows and Margins Erode as Management Admits “Mistakes”H&M reported SEK 200,004 million in net sales excluding VAT in the fiscal year ended November 30, 2017, slightly below the consensus of SEK 203,277 and up by 4.0% year over year. Sales including VAT increased by 3% in local currencies.
January 31, 2018 Flash Report Register for Free Access Amazon, Berkshire Hathaway and JPMorgan Chase Form Employee Healthcare PartnershipAmazon, Berkshire Hathaway and JPMorgan Chase announced the formation of a partnership designed to address healthcare for the companies’ US employees. The goal is to improve employee satisfaction and reduce costs.
January 26, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 4: Toys“R”Us to Close 182 Stores; JCPenney to Close Four StoresFGRT tracks store openings and closures for a select group of retailers in the US and the UK.
January 26, 2018 Company Earnings Update Register for Free Access LVMH (ENXTPA: MC) FY17 Results: Company Enjoys a Stronger-than-Expected Final QuarterLVMH reported FY17 revenues of€42.6 billion, beating the €42.3 billion consensus estimate due to 4Q17 revenues that came in 2% ahead of expectations.
January 26, 2018 Company Earnings Update Register for Free Access ASOS (LSE: ASC) 1Q18 Trading Update: Strong UK Performance Supports 30% Sales GrowthBritish fashion retailer ASOS grew 1Q18 sales by 30%.
January 24, 2018 Flash Report Register for Free Access “Carrefour 2022”: Retailer Announces Redundancies and Digital Transformation in Strategic RevampCarrefour has unveiled its new strategy to 2022, which is broadly based on four goals:
January 18, 2018 Event Presentation Premium How AI Is Powering Retail Growth (NRF)• AI is human-like or intelligent behavior exhibited by computers and machines. • It is enabled by a computer program or set of programs that help machines make autonomous decisions through cognitive functions similar to those typically exhibited by human beings, such as learning, decision making and problem solving.
January 18, 2018 Event Coverage Register for Free Access NRF 2018 Retail’s Big Show: Takeaways from Day ThreeThe FGRT team attended NRF 2018 Retail’s Big Show in New York City this week. With more than 35,000 attendees from 95 countries, including 18,000 retailers and more than 600 exhibitors, the trade show is one of the biggest in the retail industry. Below are our key takeaways from the third and final day of the event.
January 18, 2018 Company Earnings Update Register for Free Access Zalando (XTRA:ZAL) 4Q17 and FY17 Update: Revenue and EBIT Grow in Line with ExpectationsZalando reported preliminary results showing year-over-year revenue growth of 21.2%–23.2% in 4Q17.
January 18, 2018 Company Earnings Update Register for Free Access Groupe Casino (EPA: CO) 4Q and FY17 Trading Update: LatAm Drives Full-Year Growth Yet Again, Soft Performance in FranceGroupe Casino reported FY17 sales growth of 5.0% to €37,822 million. Organic sales growth was 3.2% and comparable sales growth was 2.4%.
January 18, 2018 Company Earnings Update Register for Free Access Carrefour (ENXTPA: CA) 4Q17 and FY17 Update: FY17 Sales Impacted by a Slowdown in Food Sales GrowthCarrefour reported 4Q17 sales including sales tax of €23,328 million. Comparable sales grew by 1.9% excluding fuel and calendar effects, an improvement over the previous quarter that was due to stronger momentum in France.
January 17, 2018 Insight Report Premium Amazon UK Slips Down the Customer Satisfaction Rankings: Could We See a Similar Shift in the US?In 2017, OC&C Strategy Consultants reported that Amazon had lost its long-held first place in its annual ranking of the UK’s favorite retailers. Amazon UK fell sharply in last year’s survey, to fourth place.
