May 23, 2018 Flash Report Register for Free Access JCPenney Chairman and CEO Marvin R. Ellison to Leave for Lowe’sJCPenney’s Chairman and CEO Marvin R. Ellison has been appointed President and CEO of Lowe’s, effective July 2.
May 22, 2018 Deep Dive Premium Subscription Commerce Update – Disruptors Face DisruptionSubscription services continue to capture billions of dollars that would otherwise go to conventional retailers. However, we are now seeing some US subscription commerce disruptors face disruption themselves.
May 21, 2018 Company Earnings Update Register for Free Access Tencent (0700.HK) 1Q18 Results: Strong Revenue Growth Driven by Gaming; WeChat MAU Surpass 1 BillionTencent reported 1Q18 revenues of ¥73.5billion ($11.7 billion), up 48% year over year. Non-GAAP diluted EPS was ¥1.92, an increase of 28.2% year over year. The solid results were largely driven by gaming and online advertising.
May 21, 2018 Company Earnings Update Register for Free Access Nordstrom (JWN) 1Q18 Results: Misses on Comps, Raises EPS Guidance RangeNordstrom reported 1Q18 EPS of $0.51, up 37.2% year over year and beating the $0.43 consensus estimate. Total revenues were $3.56 billion, up 6.2% and beating the $3.45 billion consensus estimate.
May 18, 2018 Company Earnings Update Register for Free Access Walmart (WMT) Fiscal 1Q19 Results: Net Sales Beat Expectations, Guidance Affected by Portfolio RepositioningWalmart reported fiscal 1Q19 net sales of $121.6 billion, up 4.4% year over year and beating the $119.3 billion consensus estimate. US comps increased by 2.1% in the quarter. Adjusted EPS was $1.14, beating the $1.12 consensus estimate.
May 18, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 20: Rockport Group Files for Chapter 11 Bankruptcy ProtectionCoresight Research tracks store openings and closures for a select group of retailers in the US and the UK, as well as major US store bankruptcies.
May 18, 2018 Company Earnings Update Register for Free Access Macy’s (M) 1Q18 Results: Company Beats Estimates, Raises Full Year GuidanceMacy’s reported 1Q18 adjusted EPS of $0.42 and total revenues of $5,541 million, exceeding analysts’ estimates. Comparable sales were up 3.9% on an owned basis and up 4.2% on an owned-plus-licensed basis.
May 18, 2018 Company Earnings Update Register for Free Access JCPenney (JCP) 1Q18 Results: New Sales Negatively Impacted by Store Closures, Company Results Below EstimatesJCPenney reported 1Q18 net sales of $2.58 billion, down 4.3% year over year and below the $2.62 billion consensus estimate. Comparable sales were up 0.2% for the period. Store closures in FY17 and unseasonal weather during the first quarter negatively impacted results.
May 18, 2018 Insight Report Premium April 2018 US Same-Store SalesSame-store sales for Costco saw an acceleration in April versus the same period last year. Cato and Buckle continued to report negative comps for the month. Costco and L Brands beat estimates.
May 17, 2018 Deep Dive Premium Deep Dive: The Mall Is Not Dead, Part 3 – Five Predictions for Five Years OutWe conclude our Mall Is Not Dead series by looking ahead to the future of the shopping mall in the US. Over the coming years, many malls will reshape their offerings by moving away from a focus on apparel stores clustered around department store anchors toward more diverse networks that include nonapparel retailers, leisure and entertainment tenants, event and pop-up spaces, and business service providers.
May 17, 2018 Event Coverage Register for Free Access Demand for Natural Products and Experiences Drives Beauty Growth: Top Takeaways from the WWD Beauty CEO Summit 2018Our top takeaways from the WWD Beauty CEO Summit 2018 include:
May 16, 2018 Company Earnings Update Register for Free Access Home Depot (HD) 1Q18 Results: Beats on EPS, Misses on Revenues and Same-Store SalesHome Depot reported 1Q18 EPS of $2.08, up from $1.67 in the year-ago quarter and ahead of the $2.05 consensus estimate. Total revenues were $24.95 billion, up 4.4% year over year but below the $25.17 billion consensus estimate.
May 16, 2018 Insight Report Premium April 2018 US Retail SalesAccording to the US Census Bureau, total US retail sales increased by 0.3% month over month in April on a seasonally adjusted basis, marking the second month of growth after a revised 0.8% advance in March. The April results were inline with economists’ expectations.
May 15, 2018 Insight Report Premium US Gas Prices See a Double-Digit Increase, but Discretionary Spending Looks SolidUS gas prices are seeing a double-digit increase year over year, threatening to pressure consumers’ disposable incomes.
May 15, 2018 Insight Report Premium Hong Kong Retail Sales Gain Momentum, Buttressed by Pickup in TourismThe value of total retail sales in Hong Kong in March increased by 11.4% year over year, showing signs of momentum picking up after bottoming in 2016, according to the Hong Kong Census and Statistics Department.
