July 29, 2016 Company Earnings Update Register for Free Access Adidas (ETR: ADS) Raises FY16 Guidance Following Very Strong 2Q16 ResultsAdidas unexpectedly announced preliminary results for 2Q16 and raised its FY16 sales and profit forecasts. The 2Q16 results widely beat analysts’ estimates, and Adidas raised its profit forecast for the fourth time this year.
July 28, 2016 Flash Report Register for Free Access Carrefour (ENXTPA: CA) 1H16 Results: Group Sees Growth in Latin America, While Sales Weaken in France and ChinaCarrefour reported net sales of €36.3 billion in 1H16, down 3.8% from 1H15 and missing the consensus estimate of €37.1 billion. At constant currency, sales grew by 2.2%. Recurring operating income fell by 3.0%, to €706 million, but beat the consensus estimate of €686.4 million.
July 26, 2016 Flash Report Register for Free Access VF Corporation (VFC) 2Q16 Results: Lowers Full-Year Guidance, Noting Challenging Environment in the USVF Corporation reported 2Q16 EPS of $0.35, beating the consensus estimate by a penny and representing a 9.8% decrease from EPS of $0.39 in the year-ago quarter.
July 26, 2016 Company Earnings Update Register for Free Access Under Armour (UA) 2Q16 Results: Profits Negatively Affected by Liquidation of Sports Authority; Company Plans to Expand Brick-and-Mortar Locations in 2016Under Armour reported 2Q16 revenues of $1 billion, up 28.2% year over year and roughly in line with the consensus estimate. EPS was $0.01, missing the consensus by a penny and representing an 83.3% decrease from EPS of $0.06 in the year-ago quarter.
July 21, 2016 Company Earnings Update Register for Free Access Unilever (LSE: ULVR) 1H16 RESULTS: SALES BEAT ESTIMATES DESPITE VOLATILE MARKET CONDITIONSUnilever reported 1H16 revenues of €26.3 billion, down 2.6% year over year and slightly above the consensus estimate of €25.9 billion. The decline was primarily driven by a negative currency impact of 7.6%, which offset sales growth of 4.7%.
July 15, 2016 Event Presentation Premium Meeting Tech Talk (ICSC NARTF)• Affluent Consumers are expected to take a greater hit • Younger Consumers without mortgage or stock market exposure are less affected • Middle-Aged & Retired Consumers are the most cautious and anxious group, with the most exposure to the consumer finance metrics
July 13, 2016 Flash Report Register for Free Access AMAZON PRIME DAY 2016 WRAP-UPAmazon reported that Prime Day 2016 was its biggest sales day ever, with orders up more than 60% worldwide and more than 50% in the US.
July 13, 2016 Event Presentation Premium Lunch & Learn• Fung Global Retail & Technology advises retailers, real estate developers, tech companies, and others on projects situated at the intersection of retail, tech and/or fashion. • Our team offers a robust knowledge bank and deep-rooted experience across the retail, fashion, and tech industries. We are involved in many areas of the business, which allows us to offer a unique perspective on the future and where the sector is heading.
July 13, 2016 Flash Report Register for Free Access Burberry (LSE: BRBY) 1Q17 Results: Weak Tourist Spending Pressures RevenuesBurberry reported fiscal 1Q17 retail revenue of £423 million, unchanged year over year at constant currency.
July 13, 2016 Flash Report Register for Free Access Groupe Casino (EPA: CO) 2Q16 Results: Groupe Casino Revenues Slide on Weak Foreign ExchangeGroupe Casino reported 2Q16 group revenue of €9.97 billion, a decline of 7.0% from 2Q15’s restated revenue.
July 12, 2016 Flash Report Register for Free Access Amazon Prime Day: A Mixed Response in 2016Fung Global Retail & Technology began covering the second annual Amazon Prime Day starting at its launch at midnight Pacific Time (PT) today.
July 11, 2016 Insight Report Premium Amazon (AMZN) Prime Day 2016 PreviewLeveraging the success of last year’s Prime Day, a celebration of the company’s 20th year in business, Amazon is celebrating its birthday again this year, promising to offer even bigger and better deals to its Prime members than last year, which saw higher unit sales than on the previous Black Friday.
July 8, 2016 Insight Report Premium WALMART PAY: WALMART’S MOBILE PAYMENT SOLUTION GAINS TRACTIONWalmart recently rolled out Walmart Pay nationwide in the US, bringing the retailer’s mobile payment solution to more than 4,600 retail stores.
July 6, 2016 Deep Dive Premium Gym Clothes Are Making Their Way Out of the Gym: A Primer on AthleisureAthleisure is the trend of wearing activewear, clothing designed for athletic workouts, both inside and outside the gym. Athleisure is affecting big brands and traditional apparel retailers in a significant way.
June 30, 2016 Company Earnings Update Register for Free Access Alibaba (BABA) Steps Up Global Expansion Strategy by Raising its Stake in LazadaAlibaba announced that it will pay almost $1 billion to increase its stake in leading Southeast Asia e-commerce platform Lazada to 83% from 51%.
