Store Tracker | February 8, 2019 Databank Members Weekly Store Openings and Closures Tracker 2019, Week 6: Shopko Set to Close 251 StoresYear to date in 2019, U.S. retailers have announced 2,187 store closures and 1,411 store openings. Read More
Company Earnings Update | February 7, 2019 Register for Free Access Capri Holdings (NYSE: CPRI) 3Q19 Results: EPS Beat Consensus Despite Revenue ShortfallCapri Holdings beat consensus adjusted EPS in 3Q19, reporting $1.76 versus $1.58. Revenues of $1.44 billion were flat year over year and estimate of $1.46 billion. Read More
Insight Report | February 7, 2019 Premium Digital Red Packet Transactions for Chinese New Year Continue to Be Popular in 2019China’s UnionPay, a financial services network which processes payments made via WeChat, Baidu and other applications, saw interbank payment and settlement transactions reach ¥261.7 billion yuan (US$39 billion) on Chinese New Year’s Eve, up 81.3% year over year, according to Shanghai Securities News. The media outlet also said the average response time per transaction processed by China UnionPay was 220 milliseconds, and there were no failed transactions. Read More
Insight Report | February 7, 2019 Premium Chinese New Year Air Travel Takes Off InfographicChinese New Year is a major time for travel: Some 73 million Chinese travelers were expected to make journeys by plane over the 2019 holiday, with Thailand, Japan and Indonesia the top destinations. Read More
Company Earnings Update | February 6, 2019 Register for Free Access Clorox (NYSE: CLX) 2Q19 Results: Aggressive Pricing and Cost-Saving Strategies Begin to Pay OffClorox posted revenue growth of 4%, largely in line with market expectations, while its adjusted EPS of $1.40 beat consensus estimates of $1.30 by 8% in 2Q19, ended December 31, 2018. The company adopted a new pricing strategy for several offerings, including its home care and laundry businesses as part of its 2020 growth strategy. This helped the company manage foreign currency and cost pressures. Read More
Company Earnings Update | February 6, 2019 Register for Free Access Estée Lauder (NYSE: EL) 2Q19 Results: Sales Reach $4 Billion; Company Raises Sales and EPS Guidance for Full YearSkincare, the company’s largest category comprising 43% of its sales, rose 16% on a reported basis (as opposed to constant currency basis) to $1.73 billion from $1.49 billion in the same quarter last year. The company credited the gains in skincare mainly to its Estée Lauder, La Mer, Clinique and Origins brands. Specifically, its Estée Lauder brand launched new product innovations in its Advanced Night Repair Eye Supercharged Complex, driving higher sales, and La Mer also launched new products including The Treatment Lotion Hydrating Mask and The Luminous Lifting Cushion Foundation. Read More
Company Earnings Update | February 6, 2019 Register for Free Access Ralph Lauren (NYSE: RL) 3Q19 Results: Brand Evolution at Ralph Lauren Gaining TractionRalph Lauren reported fiscal 3Q19 adjusted EPS of $2.32, up from adjusted EPS of $2.03 in the year-ago quarter and above the $2.15 consensus estimate. Total revenues were $1.73 billion, up 5.1% year over year (or 6% in constant currency) and above the $1.66 billion consensus estimate. Same-store sales were up 4% during the quarter. By region, in North America digital sales rose 21%, comps were flat for a combined 4% comp; in Europe, digital was up 13% and the instore comp was 3% for a total European comp of 4%; and, Asia experienced a 62% lift in digital commerce and a 4% instore comp for a combined 4% comp. A 9% increase in AUR benefitted sales growth. Read More
Company Earnings Update | February 6, 2019 Register for Free Access Ocado Group (LSE: OCDO) FY18 Results: EBITDA Slides Due to Technology Investments and New Distribution Center OpeningThe company said in 2018 it signed international partnerships with Sobeys, ICA and Kroger to develop the Ocado Smart Platform in Canada, Sweden and the U.S. respectively. Management said that its partnerships are making “good progress.” Bon Preu launched its online offer in Catalonia in November; Groupe Casino continues building its first CFC in the south of Paris; Sobeys has also started building its first CFC site in the greater Toronto area; and Kroger has planned its first three CFCs out of a total of 20 CFCs within three years. In the U.K., Ocado has started to fulfill customer orders for Morrisons from its new facility at Erith. Read More
Deep Dive | February 6, 2019 Free Report US Retailer Survey: Revealing the Hidden Costs of Poor Inventory ManagementToday’s retail environment is marked by more intense competition and rapid changes in consumer preferences, both of which pressure retailers to make smarter inventory decisions. To minimize unplanned markdowns that impact the bottom line, retailers must ensure that they deliver products consumers want to buy to the locations where they want to buy them. Read More
Insight Report | February 5, 2019 Premium Alibaba vs. Amazon InfographicWe compare the brands and divisions of e-commerce and technology giants Alibaba and Amazon, from devices to content to logistics. Read More
Insight Report | February 4, 2019 Premium Online Retailers Gear Up for Anticipated ¥1 Trillion in Spending with a New Round of Promotions: Chinese New Year Preview UpdateRetail and food-service sales during Chinese New Year grew steadily from 2011 to 2018. During the 2018 Chinese New Year Golden Week (February 15-21), retail sales hit ¥926 billion (about $146 billion), 10.2 % higher than the same period in 2017 — and more than double what it was in 2011, according to Ministry of Commerce statistics. Read More
Question of the Week | February 4, 2019 Free Report Where Do US Adults Shop for Shoes?Question of the Week February 4 2019 – Where Do US Adults Shop for Shoes? Read More
Company Earnings Update | February 4, 2019 Register for Free Access Simon Property Group (NYSE: SPG) 4Q18 Results: In-Line Quarter, Softer 2019 Due to Department Store ClosuresIn 2018, the company opened two new shopping destinations, completed five significant property transformations and started construction on several redevelopments of former department store spaces. During 2018, the company closed on 22 mortgage loans totaling approximately $3.2 billion, , of which Simon’s share is approximately $1.3 billion. These loans carry a weighted average interest rate and weighted average term of 3.69% and 8.1 years, respectively. Read More
Company Earnings Update | February 4, 2019 Register for Free Access Unilever (LSE: ULVR) FY18 Results: Accelerating Growth to be Priority, Followed by AgilityUnilever reported revenue of €50.98 billion, slightly behind consensus of €51.06 billion and down 5.1% from FY17 due to adverse currency impacts. Organic sales were up 2.9% year over year, driven by strong growth in Asia/AMET (Africa, Middle East, Turkey)/RUB (Russia, Ukraine and Belarus) region, yet slightly below consensus of 3.0%. Unilever noted that gross margin improved 50 bps to 43.6%, but did not disclose gross profit numbers. Operating margin rose to 24.6%, 810 bps above previous year. Unilever grew its underlying operating margin from 17.5% in FY17 to 18.4% in FY18. Diluted EPS increased 61.9% to €3.48. Read More
Company Earnings Update | February 4, 2019 Register for Free Access Amazon (NASDAQ: AMZN) 4Q18 Results: Beats Consensus Estimates, Guidance Below ConsensusNorth America revenues were $44.1 billion, up 18.3% year over year, posting operating income of $1.7 billion, compared to a profit of $1.7 billion in the year-ago quarter. International revenues were $20.8 billion, up 15.5% year over year, posting an operating loss of $0.6 billion, compared to a loss of $0.9 billion in the year-ago quarter. AWS revenues were $7.4 billion, up 45.3% year over year, posting an operating profit of $2.2 billion, compared to $1.4 billion in the year-ago quarter. Read More
