Wm Morrison Supermarkets PLC (Morrisons) is a UK-based grocery retailer that operates a supermarket chain and website under the Morrisons brand name.
CASINO (ENXTPA: CO) FY18 Results: Sales In Line with Consensus, Company Aims for Strong Profit Growth
Casino Group reported FY18 net sales of €36.6 billion, up 4.7% year over year at constant currency (down 2.4% year over year as reported), and largely in line with the consensus estimate of €36.69 billion recorded by StreetAccount.
Weekly Store Openings and Closures Tracker 2019, Week 11: Charlotte Russe Closing 500 Stores; Burlington Plans 50 New Stores; AEO to Open 60-75 Stores
Year to date, US retailers have announced 5,279 store closures and 2,395 store openings. This compares to 5,726 closures and 3,243 openings for the full year 2018. Year to date, UK retailers have announced 310 store closures and 327 store openings.
This week’s note “From the Desk of Deborah Weinswig” discusses how blockchain technology could democratize operations and promote cooperation in retail.
Morrisons reported FY19 results with both top-line and EPS slightly missing the consensus but otherwise showing strong growth.
St Patrick’s Day Celebrations Look to be a Modest Event for Retailers, Despite Rising Numbers of US Celebrants
St. Patrick’s Day captures a lot of attention, but its retail impact is small compared to other holidays: Consumers plan to spend $40 on average for St. Patrick’s Day this year, less than a quarter their planned $162 Valentine’s Day spend.
Total retail sales excluding fuel and automobiles increased 3.7% year over year in January, growing substantially from the revised 0.1% year-over-year decline reported for December.
Kroger (NYSE: KR) Fiscal 4Q18 Results: Comp Growth Strengthens, as Management Points to the Fruits of Its “Restock Kroger” Program
Kroger reported a 1.8% increase in same-store sales in 4Q18, up from 1.6% in the prior quarter and in line with consensus. Total reported sales declined due to the divestiture of its convenience store business.
Weekly Store Openings and Closures Tracker 2019, Week 10: Dollar Tree Plans 550 New Stores; Foot Locker Closing 165 Stores; Peloton to Open 100 Stores
Coresight 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.
Carrefour is a French multinational retailer of groceries and general merchandise that operates a network of hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce websites.
Loblaw Cos. Ltd. is a Canada-based retailer that operates under five divisions: Market, Drug, Discount, Financial and Joe Fresh. The Market division includes the grocery-focused store banners Loblaws, Provigo and Zehrs, and offers food, home and lifestyle products.
Amazon is reportedly planning to expand its presence in the U.S. grocery market through building new stores to be operated under a banner other than its acquired Whole Foods Markets and with a more typical product offering. Amazon is also considering the acquisition of several region chains. At the same time, the company is expanding its fleet of Whole Foods Market and Amazon Go stores.
Koninklijke Ahold Delhaize NV is a food and general-merchandise retailer based in Zaandam, Netherlands, that operates stores located primarily in the US and Europe. The company was formed from a July 2016 merger between Ahold and Delhaize Group. The company’s banners include Food Lion, Giant Martin’s, Giant Food, Hannaford, Peapod, Stop & Shop, Delhaize, Albert Heijn, Bol.com, Etos, Alfa-Beta, ENA and Tempo.
Each of our Sector Overview reports provides an essential briefing on a sector or market. This report focuses on e-commerce.
This week’s note “From the Desk of Deborah Weinswig” discusses the adaptive clothing and footwear market, which represents a $47.3 billion opportunity in the US.