May 17, 2019 Analyst Corner Register for Free Access WEINSWIG’S WEEKLY MAY 17 2019This week’s note “From the Desk of Deborah Weinswig” looks at the struggle for US grocers to grow their online business.
May 17, 2019 Insight Report Premium April 2019 US Retail Sales: Growth Decelerates in Most Sectors with Major Slowdown in Home Improvement and Clothing StoresTotal US retail sales excluding gasoline and automobiles increased 5.1% year over year in April, strengthening from the revised 0.9% year-over-year rise in March. A late Easter pulled some spending from March into April.
May 17, 2019 Store Tracker Databank Members Weekly US and UK Store Openings and Closures Tracker 2019, Week 20: Party City Shuts StoresIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Retailers have announced almost 6,400 store closures in the US and more than 300 in the UK, while only 3,100 store openings have been announced.
May 17, 2019 Company Earnings Update Register for Free Access NVIDIA (NASDAQ: NVDA) 1Q20 Results: Beats Consensus Estimates, Revenues Down Year Over Year but Up SequentiallyNVIDIA’s fiscal 2Q20 results beat consensus estimates on the top and bottom lines. Revenues for the company’s core GPU and gaming segments were down year over year but up sequentially.
May 17, 2019 Company Earnings Update Register for Free Access Walmart (NYSE: WMT) 1Q20 Results: Mixed Results, Year on Track Despite Tough Comparison and Currency Headwinds in Q2Walmart reported mixed fiscal 1Q20 results, however the company remains on plan to hit its full-year targets. US e-commerce grew a healthy 37%.
May 17, 2019 Company Earnings Update Register for Free Access Alibaba (NYSE: BABA) 4Q19 Results: Strong Revenue Growth Driven by China Retail MarketplacesAlibaba reported 4Q19 revenues of ¥93.5 billion ($13.9 billion), up 51% year over year and beating the consensus estimate of ¥91.7 billion ($13.3 billion).
May 16, 2019 Event Coverage Register for Free Access Five Insights from Kingfisher’s Innovation Day 2019On May 15, 2019, European DIY giant Kingfisher hosted an Innovation Day for analysts. The Coresight Research team was in attendance, and we feature five highlights from the event.
May 16, 2019 Company Earnings Update Register for Free Access Tencent (HKEX: 0700) 1Q19 Results: Beats Consensus on EPS, Announces New Fintech and Business Services SegmentTencent reported light 1Q19 revenues but beat consensus on EPS. The company announced a new $3.2 billion FinTech and Business Services segment.
May 16, 2019 Deep Dive Premium Luxury Differentiation via (Social) Values, Sustainability and Limited-Run CollaborationsLuxury brands are employing social values, sustainability and limited-run collaborations to enhance their brand positioning and attract new luxury consumers.
May 16, 2019 Company Earnings Update Register for Free Access Cisco (NASDAQ: CSCO) 3Q19 Results: Beats Consensus Estimates, Building a New Architecture for Future TechnologiesCisco’s fiscal 3Q19 results beat consensus estimates, and management outlined a new, secure architecture that can accommodate AI, IoT, 5G and several more future technologies.
May 16, 2019 Company Earnings Update Register for Free Access Farfetch (NYSE: FTCH) 1Q19 Results: Strong Growth Driven by Platform GMVFarfetch’s 1Q19 revenues grew 38.6% to $174.1 million, beating the $171.1 million consensus estimate, primarily driven by 43.2% growth in Platform Services Revenue to $141.8 million.
May 16, 2019 Company Earnings Update Register for Free Access Macy’s (NYSE: M) 1Q19 Results: Revenues Down, Comp Sales Up, Beats EPS Estimates, Expanding Backstage to 50 StoresMacy’s 1Q19 revenues were $5.50B, down 0.7% YoY, below the consensus estimate of $5.53B. Adjusted EPS was $0.44, beating the consensus estimate of $0.33. Macy’s plans to open 50 Backstage stores.
May 16, 2019 Insight Report Premium Insights from China: China’s Nasdaq-Style Tech Board and Its Implications for BusinessesChina’s new tech board with its relaxed IPO rules will likely draw more domestic tech startups to go public at home. The move is part of China’s effort to develop its tech sector and boost economic growth in general.
May 16, 2019 Event Coverage Register for Free Access World Retail Congress 2019: Day 2 InsightsThe Coresight Research team is in Amsterdam this week, attending and participating in the 2019 World Retail Congress, running May 14-16. These are some of the highlights from day 2.
May 16, 2019 Flash Report Register for Free Access Kroger and Lindsay Goldberg Announce the Formation of PearlRock PartnersOn May 14, 2019, Kroger and Lindsay Goldberg, a private investment firm, announced a collaboration to form an investment vehicle named PearlRock Partners.
