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Insight Report | October 9, 2016 Premium

Weekly Retail Promo Update Oct 9, 2016

Bloomingdale’s is running a similar number of promotional sales as it did last year. The retailer is running sales for more days this year: its Friends and Family sale lasts 11 days this year, versus nine last year. Bloomingdale’s is using text message marketing this week, which it did not use during this week last year.

Insight Report | October 9, 2016 Premium

Weekly Retail Promo Update Oct 09, 2016

Bloomingdale’s ran more promotional sales during this week last year than it is running this year. The retailer is offering a longer-running Friends and Family sale this year; the sale will last up to 11 days this year, but ran for nine days last year. Bloomingdale’s is using text message marketing this week, which it did not use during this week last year.

Insight Report | October 7, 2016 Premium

Walmart 2016 Investment Community Meeting: Bentonville, Ar, October 6, 2016

On October 6, Fung Global Retail & Technology attended the Walmart 2016 Investment Community Meeting, held at Walmart’s headquarters in Bentonville, Arkansas.

Insight Report | October 6, 2016 Premium

Tesco (LSE: TSCO) 1H17 Results: Comps Strengthen as Volumes and Transaction Numbers Grow

UK grocery giant Tesco reported 1.4% growth in first-half revenues to £27.34 billion, trailing the consensus estimate of £27.77 billion.

Insight Report | October 5, 2016 Premium

Q&A with FaceCake Founder and CEO Linda Smith

Focused on augmented reality since 2010, FaceCake Marketing Technologies describes itself as “a leader in augmented retail with a personalized, cross-device, targeted marketing platform. Combining patented technologies with intuitive user interfaces, FaceCake’s innovations in try-on allow consumers to virtually try individual or multiple products on their own images in real time, while instantly providing relevant product recommendations within each user session for superior personalization.”

Insight Report | October 3, 2016 Premium

H&M (SS: HM-B) 3Q16 Results: Sales Miss Consensus And Sharp Profit Erosion

Swedish fast-fashion retailer Hennes & Mauritz AB (H&M) reported SEK49.0 million in net sales in the three months ended August 31, 2016. This was below the consensus estimate of SEK49.5 million and up 6.4% from SEK46.0 million in the three months ended August 31, 2015. The company did not provide comparable stores sales growth rates.

Insight Report | September 29, 2016 Premium

Sainsbury (LSE: SBRY) 2Q17 Results: Sales Decline Worsens, Comps Miss Consensus

The UK’s second-largest grocery retailer, J. Sainsbury, reported 2Q17 comps down 1.1%, trailing the consensus of (0.8)%. Total sales were down 0.4%.

Insight Report | September 29, 2016 Premium

Pier 1 Imports (PIR) Adopts “PoisonPill” Measure to Discourage Takeover

Pier 1 Imports, under scrutiny by an activist investor, announced late Tuesday that it would institute a shareholder protection plan designed to discourage any single shareholder from acquiring a stake of 10% or more in the company.

Insight Report | September 28, 2016 Premium

Nike (NKE) 1Q17 Results: Beats on Revenue and EPS; Orders up 5%

Nike reported fiscal 1Q17 adjusted EPS of $0.73, ahead of the $0.56 consensus estimate and up 9.0% year over year. Revenues were $9.1 billion, up 8.0% year over year and beating the consensus estimate of $8.9 billion.

Insight Report | September 26, 2016 Premium

H&M (STO: HM-B) MONTHLY AND 3Q16 SALES UPDATE: GROWTH SLOWS TO 7% IN AUGUST DUE TO HOT WEATHER

H&M reported total sales grew 7% year over year, in local currencies, in August 2016. Growth in July was 10%.

Insight Report | September 26, 2016 Premium

Finish Line (FINL) 2Q17 Results: Sales Beat, EPS in Line with Consensus

Finish Line reported adjusted 2Q17 EPS of $0.53, in line with the consensus estimate but down 7.0% year over year. Revenues were $509.4 million, up 5.4% year over year and above the consensus estimate of $494.8 million.

Insight Report | September 25, 2016 Premium

Weekly Retail Promo Update Sep 25, 2016

Bloomingdale’s is offering fewer promotions this week than it did during the same week last year. The retailer offered up to two online-exclusive promotions last year that it is not offering this year.

Insight Report | September 23, 2016 Premium

Rite Aid (RAD) 2Q17 RESULTS: ACQUISITION ON TRACK TO CLOSE IN 2H16

Rite Aid reported adjusted EPS of $0.03, beating the $0.02 consensus estimate and up from last year’s $0.02.

Insight Report | September 23, 2016 Premium

Nordstrom Announces President of Nordstrom.com and Strategic Shifts in Leadership Responsibilities

Nordstrom has appointed former Executive Vice President of Strategy and Development, Ken Worzel, to the position of President of Nordstrom.com.

Insight Report | September 22, 2016 Premium

INDITEX (BME: ITX) 1H17 RESULTS: IMPRESSIVE COMPARABLE SALES AND EPS IN LINE

Inditex reported 1H17 normalized earnings per share (EPS) of €0.40, an increase of 7.7% over 1H16 and in line with the consensus estimate of €0.40. The company reported revenue increased by 11.1% to €10.47 billion, above the consensus estimate of €10.43 billion. Comparable-store sales in 1H17 increased an impressive 11% year over year, at constant currency.