March 9, 2018 Analyst Corner Register for Free Access Weinswig’s Weekly Mar 9, 2018This week’s note “From the Desk of Deborah Weinswig” discusses the recent announcement by Kohl’s that it plans to carve out space from some of its stores to lease to grocery discounter Aldi.
March 9, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 10: Foot Locker to Close 110 Stores, Open 40 this YearYear-to-date 2018, the number of US store closure announcements stands at 2,160 and the number of store openings is 1,588. Year to date in the UK, there have been 76 store closure announcements and 491 store opening announcements.
March 8, 2018 Company Earnings Update Register for Free Access Takeaways from the 2018 Target Financial Community MeetingThe Coresight Research team attended the 2018 Target Financial Community Meeting in Minneapolis this week. Selected takeaways from the event follow.
March 8, 2018 Event Coverage Register for Free Access Countdown to Shoptalk: Startup Pitch Competition Participant Profile—BreinifyThe Coresight Research team will be attending and participating in the Shoptalk 2018 conference in Las Vegas March 18–21. Billed as the world’s largest conference devoted to retail and e-commerce innovation, Shoptalk will cover “the rapid evolution of how consumers discover, shop and buy—from new technologies and business models to the latest trends in consumer behaviors, preferences and expectations.”
March 7, 2018 Event Coverage Register for Free Access Countdown to Shoptalk: Startup Pitch Competition Participant Profile—TokyWokyThe Coresight Research team will be attending and participating in the Shoptalk 2018 conference in Las Vegas March 18–21. Billed as the world’s largest conference devoted to retail and e-commerce innovation, Shoptalk will cover “the rapid evolution of how consumers discover, shop and buy—from new technologies and business models to the latest trends in consumer behaviors, preferences and expectations.”
March 7, 2018 Company Earnings Update Register for Free Access Target (TGT) 4Q17 Results: Beats on Comps, Guidance Roughly in LineTarget reported 4Q17 adjusted EPS of $1.37, down 5.5% from the year-ago quarter and in line with both the consensus estimate and guidance of $1.30–$1.40. Revenues were $22.77 billion, up 10% year over year and ahead of the $20.53 billion consensus estimate.
March 7, 2018 Company Earnings Update Register for Free Access Urban Outfitters (URBN) Fiscal 4Q18 Results: Company Beats Expectations in Solid QuarterUrban Outfitters reported fiscal 4Q18 revenues of $1.09 billion, up 5.7% year over year and beating the $1.08 billion consensus estimate. Adjusted EPS was $0.69, beating the $0.63 consensus estimate and up from $0.57 in the year-ago quarter.
March 7, 2018 Insight Report Premium St. Patrick’s Day Spending Forecast to Hit a Record $5.9 Billion This YearAccording to the most recent annual survey by the National Retail Federation (NRF) and Prosper Insights & Analytics, more than 149 million Americans plan to celebrate St. Patrick’s Day this year, and to spend a record $5.9 billion on items related to the holiday, up from last year’s total of $5.3 billion.
March 6, 2018 Insight Report Premium Kohl’s and Aldi: A Win-Win for an Overspaced Department Store and a High-Growth Grocery ChainKohl’s will be carving out space from 5–10 of its stores and leasing that space to grocery discounter Aldi.
March 6, 2018 Event Coverage Register for Free Access Countdown to Shoptalk: Startup Pitch Competition Participant Profile—StoreDNAThe Coresight Research team will be attending and participating in the Shoptalk 2018 conference in Las Vegas March 18–21. Billed as the world’s largest conference devoted to retail and e-commerce innovation, Shoptalk will cover “the rapid evolution of how consumers discover, shop and buy—from new technologies and business models to the latest trends in consumer behaviors, preferences and expectations.”
March 6, 2018 Event Coverage Register for Free Access Countdown to Shoptalk: Startup Pitch Competition Participant Profile—FlashfoodThe Coresight Research team will be attending and participating in the Shoptalk 2018 conference in Las Vegas March 18–21. Billed as the world’s largest conference devoted to retail and e-commerce innovation, Shoptalk will cover “the rapid evolution of how consumers discover, shop and buy—from new technologies and business models to the latest trends in consumer behaviors, preferences and expectations.”
March 6, 2018 Company Earnings Update Register for Free Access Ascena (ASNA) Fiscal 2Q18 Results: Mixed Quarter, Guides for EPS Below ExpectationsAscena Retail Group reported fiscal 2Q18 revenues of $1.72 billion, down 1.7% from the year-ago quarter but beating the $1.65 billion consensus estimate. Adjusted EPS was $(0.12), down from $(0.07) in the year-ago quarter and missing the consensus estimate of $(0.09).
March 5, 2018 Company Earnings Update Register for Free Access Nordstrom (JWN) 4Q17 Results: Light Quarter, Company Issues Mixed GuidanceNordstrom reported 4Q17 revenues of $4.70 billion, up 9.3% year over year and slightly above the $4.62 billion consensus estimate.
March 5, 2018 Company Earnings Update Register for Free Access JCPenney (JCP) 4Q17 Results: Mixed Quarter, Company Guides in Line with ConsensusJCPenney reported 4Q17 revenues of $4.03 billion, up 1.8% year over year but below the $4.05 billion consensus estimate. Adjusted EPS was $0.57, beating the $0.47 consensus estimate and down from $0.64 in the year-ago quarter.
March 5, 2018 Company Earnings Update Register for Free Access Foot Locker (FL) 4Q17 Results: Misses on Comps, Guides for Flat–Low-Single-Digit Comps in 2018Foot Locker reported 4Q17 adjusted EPS of $1.26, below the $1.37 year-ago figure and above the $1.25 consensus estimate. Revenues were $2.21 billion, up 4.6% year over year and slightly below the $2.22 billion consensus estimate.
