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4Q19 US Earnings Season Wrap-Up

Fourth-quarter 2019 retail earnings show that many companies across the retail industry saw strong growth. However, our coverage of the Coresight 100 reveals that the CPG and department-store sectors bucked this trend, with the latter continuing to struggle. Companies across the board have updated their guidance due to coronavirus disruption in the supply chain and demand in Asia, but we are yet to see updates based on the spread of the virus to the US, with the nation moving closer to lockdown.

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Convenience Stores: More than Just Retail

Major convenience-store chains across China, Japan and the US—such as 7-Eleven, Casey’s General Stores and FamilyMart—are making significant moves to increase sales and store traffic in line with changing consumer preferences. We look at how this fast-growing retail sector is diversifying its offerings through a number of key trends, including a greater emphasis on foodservice and the introduction of delivery services and new store formats.

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Alimentation Couche-Tard (TSX: ATD.B) Company Profile

Alimentation Couche-Tard Inc., founded in 1980 and headquartered in Laval, Quebec, operates convenience stores and fuel stations under banners such as Circle K, Couche-Tard, Holiday, Ingo, Mac’s, Re.Store and Topaz. The company offers grocery items, food and beverages, fuel, lottery tickets, automated teller machines and car wash services. Alimentation Couche-Tard operates in North America, Norway, Sweden, Denmark, Poland, Estonia, Latvia, Russia and Lithuania. As of Oct. 14, 2018, the company operated 9,943 convenience stores in North America that employed around 105,000 staff and 2,718 convenience stores in Europe that employed around 25,000 staff.

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