Company Earnings Update | August 30, 2019 Register for Free Access Five Below (NASDAQ: FIVE) 2Q19 Results: Revenues and Comps Miss Consensus; Adjusts GuidanceFive Below reported 2Q19 revenues of $417.4 million, up 20.0% year over year and missing the $421.1 million consensus estimate. Read More
Company Earnings Update | August 30, 2019 Register for Free Access Williams-Sonoma (NYSE: WSM) 2Q19 Results: Sales Beats Consensus; Raises 2019 Guidance and Reiterates Long-term Financial TargetsWilliams-Sonoma reported fiscal 2Q19 revenues of $1.37 billion, up 7.5% year over year, beating the StreetAccount estimate. Adjusted earnings per share (EPS) were $0.87, up 13.0% from the year-ago period and ahead of the consensus estimate of $0.83. Read More
Company Earnings Update | August 30, 2019 Register for Free Access PVH (NYSE: PVH) 2Q19 Results: Beats Consensus Sales and Earnings Estimates but Reduces FY19 Outlook on Volatile Macro Environment2Q19 revenues increased modestly to $2.36 billion versus the $2.33 billion consensus, as currency exchange rates clipped about 200 basis points (bps) from revenue growth, worth some $5 million and $0.06 per share. Adjusted 2Q19 EPS declined 3.8% to $2.10 versus $2.18 in the year-ago quarter and the $1.88 consensus estimate. Read More
Company Earnings Update | August 30, 2019 Register for Free Access Ollie’s Bargain Outlet (NASDAQ: OLLI) 2Q19 Results: Revenues and Comps Fall Short of Consensus; Guidance LoweredOllie’s reported 2Q19 revenues of $333.9 million, up 15.9% but missing the $339.8 million consensus estimate. Adjusted EPS was $0.35, down 10.5% and missing the consensus estimate by 11 cents. Read More
Store Tracker | August 30, 2019 Databank Members Weekly US and UK Store Openings and Closures Tracker 2019, Week 35: Foot Locker Confirms Store ClosuresIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019. Read More
Analyst Corner | August 30, 2019 Register for Free Access Weinswig’s Weekly — August 30, 2019This week’s note “From the Desk of Deborah Weinswig” looks at the shifting nature of beauty to be more holistic and health-conscious Read More
Company Earnings Update | August 29, 2019 Register for Free Access Best Buy (NYSE: BBY) 2Q20 Results: Beats Consensus on EPS, Narrows FY20 Guidance but Cautious on Tariffs and Consumer in Second HalfBest Buy reported fiscal 2Q20 results that beat/were in line with consensus. The company narrowed its FY20 guidance ranges but sounded on China tariffs and consumer purchases in the second half. Read More
Deep Dive | August 29, 2019 Premium Have Warehouse Clubs Embraced E-Commerce?In this report, we analyze how warehouse clubs have recently sought to compete with online-only retailers and omnichannel rivals. Read More
Company Earnings Update | August 29, 2019 Register for Free Access Tiffany & Co. (NYSE: TIF) 2Q19 Results: Sales Miss but Management Reiterates FY19 GuidanceTiffany reported EPS of $1.12, down 4.3% but beating the consensus estimate of $1.04. Total revenue for the quarter declined 2.5% to $1.05 billion, missing the consensus estimate of $1.06 billion. Read More
Flash Report | August 28, 2019 Register for Free Access Clothing Rental Upstart Le Tote to Acquire Iconic Century-old Brand Lord + Taylor from HBC for $100 MillionApparel rental upstart Le Tote to acquire century-old Lord + Taylor in what could be a growing trend of online disruptors moving into more traditional spaces. Read More
Flash Report | August 28, 2019 Register for Free Access Shoppers Flock to Costco’s First China Store, Forcing It to Close EarlyCostco gained heavy traffic and customer flows: lines were formed before opening; consumers had to wait three hours for parking; average check-out time was about two hours. Read More
Flash Report | August 28, 2019 Register for Free Access Pitney Bowes to Sell Software Solutions Business to Syncsort for $700 Million in Cash, Reduces Guidance from Divestiture and TariffsPitney Bowes announced a definitive agreement to sell its Software Solutions business to Syncsort for $700 million in cash. The divestiture will enable PBI to focus on its core shipping, mailing and related businesses. Read More
Deep Dive | August 28, 2019 Premium Silver Consumers in Europe, 2019In many parts of Europe, the senior population (65 and over) already accounts for 20% of the total population and will expand to 25% by 2030. In this report, we examine the size and growth of the senior population in Europe and key population and spending data in the UK — a major economy in a region in which the population is aging fast. Read More
Flash Report | August 28, 2019 Register for Free Access Target Announces Major Collaboration Deal with Disney25 Target locations will have Disney shop-in-shops by October 4, 2019. Read More
Flash Report | August 28, 2019 Register for Free Access Cisco Announces Intention to Acquire Cloud Data Predictive Analytics Company CloudCherryCisco announced its intention to acquire cloud data-analytics company CloudCherry, which provides predictive analytics, rich customer journey mapping and sophisticated survey capabilities for customers operating contact centers in the cloud or on-premises. Read More
