April 4, 2019 Analyst Corner Register for Free Access WEINSWIG’S WEEKLY APRIL 5, 2019This week’s note “From the Desk of Deborah Weinswig” discusses the outlook for US retail bankruptcies and store closures, and urges retailers to consider fresh approaches to their physical stores.
April 4, 2019 Company Earnings Update Register for Free Access Hudson’s Bay Company (TSX: HBC) 4Q18 Results: Revenues Down, Group Comps Down, Return to Cash Flow PositiveHBC reported 4Q18 revenues of C$2.9B, down 5.5% YoY and below the consensus estimate of C$3.18B. The company returned to a positive cash flow position and is working on financial discipline.
April 3, 2019 Company Earnings Update Register for Free Access Walgreens Boots Alliance (NYSE: WBA) 2Q19 Results: Pricing and Reimbursement Pressures Hit Earnings; Company Lowers FY19 EPS GuidanceWalgreens Boots Alliance reported 2Q19 revenues of $34.5 billion, in line with the consensus estimate and up 4.6% year over year. Diluted EPS came in at $1.24, down 8.8% year over year and below the consensus estimate of $1.50. For FY19, Walgreens expects adjusted EPS to be flat at constant currency, revised down from 7–12% growth.
April 3, 2019 Insight Report Premium Insights from China: Italy to Become the First G7 Country to Join China’s Belt and Road InitiativeOn March 23, 2019, Italy and China signed a memorandum of understanding to cooperate on Beijing’s Belt and Road Initiative. Italy has become the first member of the G7 major advanced economies to sign up to this initiative.
April 2, 2019 Insight Report Premium February 2019 US Retail Sales: Slowdown Seen Across Sectors with Major Softening in Home-ImprovementTotal retail sales excluding gasoline and automobiles increased 2.7% year over year in February 2019, a substantial slowing from the revised 4.9% year-over-year increase in January.
April 2, 2019 Deep Dive Premium Reviewing America’s Retail Bankruptcies: What Can We Learn from the Slew of Recent Retail Failures?This report discusses notable US retail bankruptcies in 2017-2018 and examines key factors that led retailers to collapse.
April 2, 2019 Insight Report Premium 2019 Tax Tracker Week 8: Filings Still Down Versus Last Year with Three Weeks to GoAs of March 22, the IRS had received 84.1 million tax returns, down 1.9% year over year.
April 2, 2019 Insight Report Premium Community Group Buying: China’s New Group Shopping Model Leveraging WeChat Mini ProgramsCommunity group buying refers to an e-commerce model of group purchases by residents within the same neighborhood. Companies launched this service on WeChat mini program to tap into the potential for larger, group purchases from people living in close proximity.
April 1, 2019 Deep Dive Premium US Retailers Becoming More Relevant Through Acquisitions: Mass Merchandisers vs. AmazonM&A activity has risen in the US retail sector over the past 10 years, in terms of deal value and number of deals, and the same trend applies within the mass-merchandiser sector.
April 1, 2019 Event Coverage Register for Free Access Foot Locker Investor Day 2019: Investing in Youth Culture Through Physical and Digital Experiences; 200 Power Stores by 2023On March 28, 2019, Foot Locker hosted its investor day. The company focused on its customer-connected strategic framework, strategic initiatives, international expansion plan, Power Store portfolio optimization and five-year financial outlook.
April 1, 2019 Company Earnings Update Register for Free Access H&M (STO: HM-B) 1Q19 Results: Profits Slide but Beat Consensus, Positive Signs on Full-Price SalesIn 1Q19, H&M grew net sales by 10% and the gross margin by 10 basis points, helped by a reduction in markdowns. EPS of SEK 0.49 came in comfortably ahead of the SEK 0.31 consensus.
March 29, 2019 Insight Report Premium February 2019 Monthly Consumer Update: US, UK and ChinaEach month, we round up key metrics that reflect consumer demand in the US, the UK and China. In these updates, we focus on direct, leading indicators of the health of the consumer economy — namely, wage growth, price changes and retail sales growth.
March 29, 2019 Market Navigators/Market Outlook Premium The Opportunity in Women’s Plus-Size Apparel in China: A Potential $10 Billion MarketDespite a low obesity rate, the scale of China’s population means plus-size apparel represents a substantial market with significant potential for brands and retailers.
March 29, 2019 Event Coverage Register for Free Access Deborah Weinswig’s Shoptalk 2019 Presentation: Nine Things We Can Learn from China and IndiaSummary of the presentation given by Deborah Weinswig, CEO and Founder of Coresight Research, at the Shoptalk conference on March 3, 2019, focusing on nine things people can learn from China and India.
March 29, 2019 Store Tracker Databank Members Weekly US and UK Store Openings and Closures Tracker 2019, Week 13: Tommy Hilfiger Shuts Fifth Avenue Flagship Store; In the UK, Flannels to Open 60 stores by 2021Year to date, US retailers have announced 5,480 store closures and 2,458 store openings. This compares to 5,727 closures and 3,239 openings for the full year 2018.
