February 15, 2018 Event Coverage Register for Free Access MAGIC Las Vegas 2018: Key Takeaways from Day TwoThis week, the Coresight Research team is attending MAGIC Las Vegas 2018, one of fashion’s most comprehensive trade shows covering men’s, women’s and children’s apparel, accessories and footwear. Here, we share five key takeaways from day two of the event.
February 14, 2018 Insight Report Premium US Retailers Ready to Cater to Chinese New Year Shoppers with Mobile PaymentsMany Chinese tourists are currently preparing to travel overseas during the Lunar New Year celebration, which begins on February 16 and runs through March 2 this year.In the US, hundreds of thousands of retailers and service providers are ready to cater to these tourists by offering them the mobile-wallet payment options they prefer, such as Alipay.
February 14, 2018 Company Earnings Update Register for Free Access Under Armour (UAA) 4Q17 Results: EPS in Line with Expectations, Company Announces Further Restructuring PlansUnder Armour reported 4Q17 adjusted EPS of $0.00, in line with the consensus estimate. Total revenues were $1.37 billion, beating the $1.31 billion consensus estimate and up 4.6% year over year.
February 12, 2018 Insight Report Premium Retail Reworked – Part 3: The Future of Physical Stores – Four Areas of OpportunityThis report concludes our three-part Retail Reworked series, which considers changes in spending trends and consumer demand. As e-commerce skims off ever more purchases—particularly those that are planned, functional in nature or of higher-value products—physical stores can benefit by focusing on one or more of the following propositions:
February 12, 2018 Company Earnings Update Register for Free Access L’Oréal (ENXTPA: OR) FY17 and 4Q17 Results: Chinese Demand for L’Oréal Luxe Products Supports Solid Comp GrowthL’Oréal reported FY17 net sales of €26,024 million, up 0.7% year over year but below the consensus estimate of €26,153 million. Comparable sales were up 4.8% at constant exchange rates.
February 12, 2018 Company Earnings Update Register for Free Access Hanesbrands (HBI) 4Q17 Results: EPS in Line, EPS Guidance Below ConsensusHanes Brands reported 4Q17 adjusted EPS of $0.52, down 1.5% from $0.53 in the year-ago quarter and in line with the consensus estimate. Revenues were $1.65 billion, up 4.4% year over year and roughly in line with the $1.63 billion consensus estimate.
February 9, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 6: Bon-Ton Files for BankruptcyFGRT tracks store openings and closures for a select group of retailers in the US and the UK.
February 9, 2018 Company Earnings Update Register for Free Access Michael Kors (KORS) Fiscal 3Q18 Results: Beats on Top and Bottom Lines and Comps; Raises Guidance for Jimmy Choo AcquisitionMichael Kors reported adjusted fiscal 3Q18 EPS of $1.77, up 7.6% from $1.64 in the year-ago quarter and handily beating the $1.29 consensus estimate. Revenues were $1.44 billion, up 6.5% year over year and ahead of the $1.38 billion consensus estimate.
February 8, 2018 Flash Report Register for Free Access Walmart’s Store No 8 Acquires Virtual Reality Startup SpatialandWalmart’s technology incubator, Store No 8, has acquired virtual reality (VR) startup Spatialand.The financial terms of the deal were not disclosed.
February 8, 2018 Flash Report Register for Free Access Macy’s Launches Modest Fashion Line Verona CollectionMacy’s announced the launch of a modest clothing brand called Verona Collection.
February 8, 2018 Flash Report Register for Free Access Big Lots Names Stephen M. Haffer as Chief Customer OfficerOn February 5, Big Lots announced the appointment of Stephen M. Haffer as Senior Vice President, Chief Customer Officer.
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.
