Company Earnings Update | June 14, 2019 Register for Free Access Tesco (LSE: TSCO) 1Q20 Trading Update: UK Comps Decelerate, Central Europe Sales Continue to SlideTesco reported a 1Q20 trading update for the 13 weeks ended May 25, 2019, with group comparable sales missing the consensus estimate. UK and Ireland comparable sales grew 0.8% year over year, excluding fuel and VAT, slower than the 1.9% growth in the previous quarter and in-line with the consensus estimate. Read More
Deep Dive | April 18, 2019 Premium Aldi and Lidl’s Impact in the UK: Reviewing Five Fightback Strategies Among Nondiscount Grocery RetailersAldi and Lidl have brought major disruption to the UK grocery market — and they could be on course to add another £9 billion of combined sales over the next five years. In this report, we review five measures major UK grocery retailers have taken to fight Aldi and Lidl, and how successful each has been. Read More
Market Outlook | April 17, 2019 Premium Europe’s Legacy Retailers Squeezed by Muted Consumer Demand and Structural Shifts: Sector Overview — European RetailThis report covers European retailing, with a focus on the UK, Germany and France. Structural trends challenging middleground legacy retailers include an ongoing attrition of market share to online and discount channels. Read More
Company Earnings Update | April 11, 2019 Register for Free Access Tesco (LSE: TSCO) FY19 Results: Hits FY20 Margin Target in Second HalfTesco reported FY19 total sales of £63.9 billion, up 11.0% year over year on a constant-currency basis (increasing 11.2% as reported) and missing the consensus estimate of €64.5 billion recorded by StreetAccount. Read More
Flash Report | January 29, 2019 Register for Free Access Legacy UK Retailers Tesco and Marks & Spencer Think Radically to Expand Margins and Revive Revenue GrowthIn a press release on January 29, Tesco confirmed plans to close fresh-food counters in around 90 stores, with 700 further stores retaining a “full or flexible” counter offer. It will also simplify stock management at store level, close store canteens and make job cuts at its head office. The company estimates that up to 9,000 roles could be impacted but it expects up to half of these people could be redeployed. Read More
Insight Report | January 21, 2019 Premium UK Holiday 2018 Retail Sales and Trading Wrap-Up: December Growth Slows as Uncertainty Accelerates Structural Shift Away from the MidmarketMomentum in the retail sector decelerated meaningfully in December, as measured by both value and volume (real terms). Value sales growth slowed from 4.2% in November to 2.1% in December. This was despite a number of retailers reporting a better month in December following an unusually tough November. Across November and December in aggregative (our definition of the holiday period), sales were up 3.0% year over year. Read More
Company Earnings Update | January 11, 2019 Register for Free Access Tesco (LSE: TSCO) 3Q19 and Christmas Update: Strongest U.K. Christmas Growth for a DecadeTesco, the U.K.’s biggest grocery retailer, reported results for 3Q19 (ended November 24, 2018), and the subsequent six-week Christmas period (ended January 5). For the core six-week Christmas period, Tesco grew comparable sales in its U.K. operations by 2.2%, above the consensus estimate of 1.4% from StreetAccount. The company said it outperformed the market in volume and value terms and versus the market “in all key categories: food, clothing and general merchandise.” Read More
Market Outlook | January 8, 2019 Premium Sector Overview: European Retail — Germany’s Shoppers Cut BackApparently alarmed by world events such as Brexit and tariff wars, and in a context of slowly climbing inflation, German consumers have retrenched their discretionary spending. Read More
Deep Dive | November 5, 2018 Premium Hottest Holiday Toys 2018In this report, we focus on the US and UK toy markets and outline some of the trends we think are going to influence toy gifting this holiday season. Read More
Store Tracker | September 21, 2018 Premium Weekly Store Openings and Closures Tracker 2018, Week 38: L Brands to Close All 23 Henri Bendel StoresYear-to-date (YTD) 2018, the number of US store closure announcements stands at 4,612 and the number of store openings is 2,743. YTD in the UK, there have been 1,232 store closure announcements and 737 store opening announcements. Read More
Store Tracker | September 14, 2018 Premium Weekly Store Openings and Closures Tracker 2018, Week 37: Tesco to Launch a New Discount FormatYear-to-date (YTD) 2018, the number of US store closure announcements stands at 4,589 and the number of store openings is 2,742. YTD in the UK, there have been 1,230 store closure announcements and 715 store opening announcements. Read More
Store Tracker | July 27, 2018 Premium Weekly Store Openings and Closures Tracker 2018, Week 30: Homebase Continues to Shut StoresYear-to-date 2018, the number of US store closure announcements stands at 4,204 and the number of store openings is 2,239. Year to date in the UK, there have been 1,215 store closure announcements and 635 store opening announcements. Read More
Company Earnings Update | January 12, 2018 Register for Free Access TESCO (LSE: TSCO) 3Q18 and Christmas Update: Hypermarket Recovery and Growth in Food Drive Solid CompTesco reported UK comparable sales growth of 2.3% in 3Q18, slightly below consensus expectations but up from 2.1% in the prior quarter. Read More
Company Earnings Update | October 6, 2017 Register for Free Access TESCO (LSE: TSCO) 1H18 Results: Sustained Growth, Better Comps, Fatter MarginsTesco reported group revenues of £28.35 billion for the first half of fiscal 2018, up 3.7% year over year and ahead of consensus. Read More
Analyst Corner | July 28, 2017 Register for Free Access Weekly Insights Jul 28, 2017This week’s note “From the Desk of Deborah Weinswig” discusses the part Amazon is playing in the changing back-to-school shopping season. Read More
