Company Earnings Update | October 26, 2017 Register for Free Access Hudson’s Bay Company and WeWork Redefine the Traditional Department StoreHudson’s Bay Company (HBC) entered into a strategic partnership with WeWork Companies to sell its New York City flagship Lord & Taylor store to WeWork Property Advisors in a transaction valued at $850 million. The Lord & Taylor flagship,located on FifthAvenue at38thStreet, is expected to continue operations in the entire building through the 2018 holiday season. After that, the building will be converted into a combined space housing WeWork’s New York headquarters and a redesigned, smaller Lord & Taylor retail store of approximately 150,000 square feet(down from its current size of 650,000 square feet). Read More
Flash Report | October 23, 2017 Register for Free Access Target Herald Square Grand Opening and Store TourThe New York FGRT team attended the grand opening celebration of Target’s new store in Herald Square in New York City last week. Read More
Company Earnings Update | October 20, 2017 Register for Free Access Unilever (LSE: ULVR) 3Q17 Update: Sales Miss Estimates, Hit by Poor Weather and Natural DisastersUnilever reported 3Q17 sales of €13,166 million, well below the consensus estimate of €14,206 million and down 1.6% year over year. Read More
Company Earnings Update | October 19, 2017 Register for Free Access Carrefour (ENXTPA: CA) 3Q17 Update: Very Weak French Performance and Lower Brazilian Inflation Drag Down the Top LineCarrefour reported that 3Q17 net sales were up just 0.4%. Net sales were up 1.9% at constant currency. Read More
Company Earnings Update | October 19, 2017 Register for Free Access Zalando (XTRA: ZAL) 3Q17 Trading Update: Strong Sales Growth, but Declining Profit Margins Due to Growth InvestmentsZalando expects to report 3Q17 revenues of €1,064–€1,081 million, according to preliminary figures, representing growth of 27.5%–29.5% year over year. Read More
Company Earnings Update | October 18, 2017 Register for Free Access Groupe Casino (EPA: CO) 3Q17 Trading Update: Sales Beat Consensus, but Growth Stymied by Inflation in BrazilGroupe Casino reported that 3Q17 revenues were up 1.9% from the year-ago period and ahead of the consensus estimate. Comparable sales increased by 2.2%. Read More
Company Earnings Update | October 18, 2017 Register for Free Access ASOS (LSE: ASC) FY17 Results: Strong, Largely In-Line GrowthASOS grew revenues by 33% in the year ended August 31. Read More
Company Earnings Update | October 11, 2017 Register for Free Access Takeaways from Walmart’s 2017 Investment Community Meeting: Moving with SpeedThe FGRT team attended Walmart’s 2017 Investment Community Meeting, held near the company’s headquarters in Bentonville, Arkansas, this week. Selected takeaways from the meeting include: Read More
Company Earnings Update | October 6, 2017 Register for Free Access TESCO (LSE: TSCO) 1H18 Results: Sustained Growth, Better Comps, Fatter MarginsTesco reported group revenues of £28.35 billion for the first half of fiscal 2018, up 3.7% year over year and ahead of consensus. Read More
Company Earnings Update | October 6, 2017 Register for Free Access Costco Wholesale (COST) Fiscal 4Q17 Results: Beats on the Top and Bottom LinesCostco reported fiscal 4Q17 EPS of $2.08, up 17.9% from the year-ago quarter and beating the consensus estimate of $2.02. Revenues were $42.3 billion, up 15.7% year over year and beating the consensus estimate of $41.63 billion. Read More
Company Earnings Update | September 29, 2017 Register for Free Access H&M (STO: HM-B) 3Q17 Results: Sales Below ExpectationsSwedish fashion retailer H&M reported SEK 51.2 billion in net sales in 3Q17, below the consensus estimate of SEK 52.0 billion and up 4.6% year over year. Constant-currency sales increased by 4.0% in 3Q17. Read More
Company Earnings Update | September 28, 2017 Register for Free Access Boohoo Group (LSE: BOO) 1H18 Results: Top-Line Beat and Guidance RaiseBoohoo.com grew 1H18 group revenues by 106.5%, ahead of the analyst consensus of a 99% increase. Read More
Flash Report | September 27, 2017 Register for Free Access Kohl’s Announces CEO Succession PlanOn September 26, Kohl’s announced that Kevin Mansell, the company’s Chairman, CEO and President, would retire in May 2018 at the company’s annual shareholders meeting. At that time, Michelle Gass will be appointed CEO and Sona Chawla, the company’s COO, will be appointed President. Read More
Company Earnings Update | September 21, 2017 Register for Free Access Inditex (BME: ITX) 1H17 Results: Solid Sales and Some Margin ErosionInditex reported 1H17 revenues of €11.7 billion, an increase of 11.5% year over year and above the analyst consensus estimate. Constant-currency sales in 1H17 increased 11.0% year over year, while comps increased 6.0% year over year. Read More
Event Presentation | September 19, 2017 Premium Background on Amazon and RetailUS Retail Bankruptcies Are at Post-recession Peak • Year to date, 14 retailers have filed for bankruptcy • That is more than the number of filings over the entire year in 2016 • Retail bankruptcies are on track to reach their highest level since 2009, when 18 retailers filed for bankruptcy • And there are likely more to come Read More
