Company Earnings Update | July 7, 2017 Register for Free Access Carrefour (ENXTPA: CA) 2Q17 Sales Update: Improving Sales MomentumCarrefour reported that sales including VAT increased by 6.1% year over year in 2Q17, to €21.8 billion, and that comparable group sales rose by 2.8% year over year. Read More
Company Earnings Update | July 6, 2017 Register for Free Access Ocado (LSE: OCDO) 1H17 Results: Solid Sales Growth ContinuesBritish online grocery retailer Ocado Group announced a 12.5% year-over-year increase in revenues for 1H17, above consensus analyst estimates. Read More
Company Earnings Update | July 5, 2017 Register for Free Access Sainsbury’s (LSE: SBRY) 1Q18 Update: Sales Lifted by Warm SummerThe UK’s second-biggest grocery retailer, Sainsbury’s, posted 1Q18compsof 2.3%, excluding fuel and including Argos in the prior year base. Read More
Flash Report | June 23, 2017 Register for Free Access DIA 2017 Capital Markets Day: Company Sees Growth Opportunities in LatAm Expansion and Spanish E-CommerceAt DIA’s third Capital Markets Day, management emphasized the company’s strategy of customer centricity, which has put customer data and views at the heart of decision making since 2012. Read More
Event Presentation | June 20, 2017 Premium Global Retail Revolution Brings Threats as well as OpportunitiesM&A chatter: • Nordstrom announced it is exploring a “going private” transaction (June 8, company press release) • American Eagle Outfitters is reported to be bidding for Abercrombie & Fitch with private equity firm Cerberus Capital Management (May 25, Reuters.com) • Deckers Brands announced that it is reviewing strategic alternatives (April 25, company press release) • The parent company of Jimmy Choo announced that it is reviewing strategic alternatives for the shoe brand (April 25, Bloomberg.com) • BJ’s Wholesale Club put itself up for sale in April (April 14, New York Post) Read More
Flash Report | June 20, 2017 Register for Free Access Amazon to Acquire Whole Foods Market for $13.7 Billion in CashAmazon announced the signing of a definitive agreement to acquire Whole Foods Market, including the company’s net debt, for $13.7 billion in cash. The transaction is expected to close in the second half of 2017. Read More
Company Earnings Update | June 19, 2017 Register for Free Access TESCO (LSE: TSCO) 1Q18 Update: Sixth Consecutive Quarter of UK Comp GrowthTesco reported total group sales (ex fuel) of 3.6% in 1Q18, or 0.8% at constant exchange rates. Read More
Flash Report | June 19, 2017 Register for Free Access Walmart to Acquire Bonobos for $310 Million in CashWalmart announced the signing of an agreement to acquire Bonobos, Inc., a leading apparel brand built on the Internet, for $310 million in cash. Read More
Company Earnings Update | June 16, 2017 Register for Free Access Kroger (KR) 1Q17 Results: In-Line EPS; Company Lowers Guidance Due to Higher Inflation ExpectationsKroger reported 1Q17 adjusted EPS of $0.58, in line with the consensus estimate. Revenues were $36.3 billion, up 4.9% year over year and slightly above the $35.6 billion consensus estimate. Read More
Company Earnings Update | June 9, 2017 Register for Free Access Takeaways from Walmart’s 47th Annual Shareholders’ MeetingThe Fung Global Retail & Technology team attended Walmart’s 47th Annual Shareholders’ Meeting, held in Fayetteville, Arkansas. Below are takeaways from the meeting: Read More
Insight Report | June 9, 2017 Premium Walmart Taps Store Employees to Test Last-Mile Delivery InitiativeWalmart’s latest initiative in its ongoing competition with Amazon is to test a new delivery program that sends store employees to deliver online orders to customers’ homes at the end of their shifts. Read More
Deep Dive | May 26, 2017 Premium Deep Dive: International Grocery Retailers in India, Where 1.3 Billion Consumers are Shopping for DinnerThis report is the second in a brief series that looks at global retailers’ operations in India. It focuses on international grocery retailers’ and wholesalers’ entries into the country and considers their domestic counterparts. Read More
Company Earnings Update | May 19, 2017 Register for Free Access Walmart (WMT) Fiscal 1Q18 Results: Mixed Quarter, Light GuidanceWalmart reported fiscal 1Q 2018 EPS of $1.00, up from $0.98 in the year-ago quarter and beating the $0.96 consensus estimate. Total revenues were $117.5 billion, up 1.4% year over year and slightly below the consensus estimate. Read More
Company Earnings Update | May 18, 2017 Register for Free Access Target (TGT) 1Q17 Results: Beats on Revenue and EPS, Guides in LineTarget reported 1Q17 adjusted EPS of $1.21, down 6.1% from $1.29 in the year-ago quarter, but handily beating the $0.91 consensus estimate. Total revenues were $16.0 billion, down 1.1% year over year, but above the $15.65 billion consensus estimate. Read More
Company Earnings Update | May 12, 2017 Register for Free Access DIA (BME: DIA) 1Q17 Results: Strong Performance in Emerging Markets Lifts SalesDIA reported 1Q17 net sales of €2,096.0 million, slightly below the consensus estimate of €2,161.8 million and up by 6.2% as reported (up 2.2% excluding currency effects). Strong performance in emerging markets drove sales. Read More
