Insight Report | November 10, 2016 Premium YOOX Net-a-Porter (BIT: YNAP) 3Q16 Trading Results: Strong Top-Line GrowthItalian online fashion retailer YOOX Net-a-Porter reported net revenues of €435.4 million in 3Q16, up 11.7% year over year on a reported basis and up 19.0% year over year at current exchange rates. Net revenues were slightly below the consensus estimate of €440.4 million. Read More
Insight Report | November 9, 2016 Premium Wayfair (W) 3Q16 Results: Despite Solid Quarter, Softer Consumer Spending Has Sales Outlook Below ExpectationsBoston-based online home goods retailer Wayfair reported adjusted 3Q16 EPS of $(0.54), ahead of the $(0.59) consensus estimate, but down from $(0.13) in the year-ago period. Revenues were $861.5 million, up 45.0% year over year and above the consensus estimate of $845.9 million. Read More
Flash Report | November 9, 2016 Register for Free Access CVS Pharmacy [CVS] 3Q16 Results: Mixed Quarter; Company Reduces and Narrows Guidance RangeCVS reported 3Q16 adjusted EPS of $1.64, up 28.0% year over year and beating the $1.57 consensus estimate. Revenues were $44.6 billion, up 15.5% year over year, missing the $45.3 billion consensus estimate. Read More
Insight Report | November 9, 2016 Premium Marks & Spencer (LSE: MKS) 1H17 Results: Beats Expectations, but Comp Decline ContinuesUK clothing-and-food retailer Marks & Spencer (M&S) reported 1H17 sales up 0.9% in total. The closely watched UK Clothing and Home segment posted 1H comps of (5.9)%, versus (0.9)% for the better-performing Food segment. Read More
Insight Report | November 9, 2016 Premium Primark (LSE: ABF) FY16 RESULTS: SOFT COMPARABLE SALES AND RAPID SPACE EXPANSIONPrimark’s owner Associated British Foods (ABF), reported its FY16 results for the year ended September 17, 2016. This flash report will only focus on Primark, ABF’s retail division. Read More
Deep Dive | November 7, 2016 Premium Deep Dive: The Mall Is Not Dead: Part 1This is the first report in a three-part series analyzing the US mall landscape. Read More
Insight Report | November 6, 2016 Premium Weekly Retail Promo Update Nov 06, 2016Bloomingdale’s is offering fewer promotions this week than it did during the same week last year. The retailer offered up to four online-exclusive sales during the same week last year, but no in-store-exclusive promotions. This week, it is only offering one online-exclusive sale and one in-store Veterans Day sale. The retailer is using text message marketing this week, which it did not use during this week last year. Read More
Analyst Corner | November 4, 2016 Register for Free Access Weekly Insights Nov 4, 2016This week’s note “From the Desk of Deborah Weinswig” discusses the likelihood of Amazon becoming a majority marketplace, in terms of share of unit sales, in the fourth quarter. Read More
Company Earnings Update | November 4, 2016 Register for Free Access Adidas Group (ETR: ADS) 3Q16 RESULTS: STRONG RESULTS; FY16 GUIDANCE MAINTAINEDGerman athletic and sportswear company Adidas Group reported 3Q16 net sales of €5,413 million, up 13.8% on a reported basis and up 17.0% on a constant-currency basis. Net sales for the quarter were above the consensus estimate of £5,368 million. The strong revenue increase was underpinned by double-digit sales growth in all the group’s geographic markets except Russia. Read More
Company Earnings Update | November 4, 2016 Register for Free Access Alibaba (BABA) 2Q17 RESULTS: REVENUE BEATS CONSENSUS ON STRONG GROWTH IN E-COMMERCE AND MEDIAAlibaba reported 2Q17 non-GAAP diluted EPS of US$0.79, ahead of the US$0.70 consensus estimate and up 45.7% year over year. Revenues were US$5.14 billion, up 54.7% year over year and above the consensus estimates. Read More
Insight Report | November 4, 2016 Premium Morrisons (LSE: MRW) 3Q17 Trading Update: 4th Consecutive Quarter of Positive CompsThe UK’s fourth-largest grocery chain posted 3Q17 comps of 1.6%. This marked a slight sequential weakening from 2.0% growth in 2Q17, but met consensus and was the fourth consecutive quarter of positive underlying growth. Read More
Insight Report | November 3, 2016 Premium Notes From Kroger’s 2016 Investor Conference And Store TourThe Fung Global Retail & Technology team attended Kroger’s 2016 Investor Conference this week at the headquarters of Kroger’s 84.51° division in Cincinnati, OH. Investors and analysts who attended were also invited to tour the company’s largest store. Read More
Insight Report | November 3, 2016 Premium L Brands [LB] Annual Investor Update Meeting: Key TakeawaysAhead of its Annual Investor Update Meeting, L Brands updated its third-quarter 2016 expectations, guiding to the low end of its EPS range of $0.40–$0.45 for the quarter, which is roughly 13% below the consensus estimate. The company said that weakness in Victoria’s Secret October comps (which were down 2.0%) and lower merchandise margins drove the guidance revision. Read More
Insight Report | November 3, 2016 Premium Next [LON: NXT] 3Q17 TRADING RESULTS: SOFT SALES TRENDBritish fashion retailer Next reported 3Q17 revenues for the three months ending October 31, 2016. Next Retail full-price sales declined 5.9% and Next Directory full-price sales were flat. Next Total brand full-price sales declined 3.5%, of which sales from newly opened space contributed 1.3%. Read More
Flash Report | November 2, 2016 Register for Free Access COACH [COH] 1Q17 Results: EPS In-Line, Reports Double-Digit Earnings GrowthCoach reported adjusted 1Q17 EPS of $0.45, in-line with the $0.44 consensus estimate and up 8.9% year over year. Revenues were $1.04 billion, up 0.7% year over year but below the consensus estimate of $1.07 billion. Read More
