April 5, 2017 Company Earnings Update Register for Free Access Hudson’s Bay Company (HBC) Fiscal 4Q16 Results: Weak Comps, Merchandising Improvement in ProgressHudson’s Bay Company reported fiscal 4Q16 normalized EPS of C$0.01, versus C$0.79 in the prior-year quarter. Revenue was C$4.6 billion, up 2.5% year over year.
April 5, 2017 Company Earnings Update Register for Free Access ASOS (AIM: ASC) 1H17 Results: Weak Pound, Strong International Sales Drive Growth; Company Raises FY17 Revenue ForecastASOS reported 1H17 revenue growth of 37.5% to £911.5 million. At constant currency, revenue grew by 31%.
April 4, 2017 Company Earnings Update Register for Free Access Next (LON: NXT) 2Q17 Update: FY17 Guidance Narrowed on Improving SalesBritish fashion retailer Next reported £1,888 million in group revenues in 1H17, down 2.7% year over year and above the consensus estimate. Retail store sales declined 8.3% year over year, reflecting significant sales erosion.
April 3, 2017 Company Earnings Update Register for Free Access Golden Eagle (3308 HK) Analyst Briefing Takeaways: Gross Margin Steady; Guides for Expansion of Lifestyle StoresAt the analyst briefing in Hong Kong on March 31, Golden Eagle’s management team discussed the FY16 results and outlined the group’s future strategy, which is to focus on lifestyle concepts, expand its store network and enhance its omnichannel offering.
April 3, 2017 Market Navigators/Market Outlook Premium UK Value Clothing Market— Pure Plays Drive Market GrowthThis report explores value clothing retailing in the UK, including market size, growth drivers, key players, market share, and likely winners and losers in 2017.
April 3, 2017 Insight Report Premium Takeaways from VF Corp.’s 2017 Investor DayThe theme of VF Corp.’s Investor Day 2017 was “diversified growth.” The company outlined its five-year plan for growth, which incorporates mid-single-digit sales growth and a 10%–12% earnings CAGR. The company expects lower growth in the plan’s earlier years and accelerating growth in the later years. In terms of regional growth, VF Corp. expects it to be driven by international markets, specifically China. The company expects the direct-to-consumer channel, particularly digital, to grow the fastest. Sales growth in the company’s three biggest brands (Vans, The North Face and Timberland) will contribute as well.
March 31, 2017 Company Earnings Update Register for Free Access H&M (STO: HM-B) 1Q17 Results: Below Target Sales Growth; New Concept To Be Launched in Early Fall 2017Swedish fast-fashion retailer Hennes & Mauritz AB reported SEK47.0 billion in net sales in 1Q17, slightly below the consensus estimate of SEK48.1 billion and up 8.0% year over year. Constant-currency sales increased by 4.0% in the quarter and UK sales increased 5.0%.
March 31, 2017 Insight Report Premium Walmart on an Acquisition Spree: A Move to Strengthen its Online PresenceWe believe Walmart—after acquiring a capable e-commerce team from Jet.com—is trying to build an online retail network with Jet.com in the center and other smaller e-commerce brands and retailers at the peripheral.
March 29, 2017 Company Earnings Update Register for Free Access Restoration Hardware (RH) 4Q16 Results: Better-than-Expected Results; Upbeat 2017 OutlookRestoration Hardware reported 4Q16 adjusted EPS of $0.68, down from $0.98 in the year-ago quarter but above the consensus estimate of $0.65 and inline with company guidance. The retailer reported adjusted revenue of $590.1 million, down 8.8% from $647.2 million in the year-ago quarter but above the $584.2 million consensus estimate.
March 29, 2017 Company Earnings Update Register for Free Access Ahold Delhaize Updates on Store Divestments and Belgium StrategyThe Belgian Competition Authority (BCA) approved the merger of Ahold and Delhaize Group on March 15, 2016. The approval was conditional upon the divestment of a number of stores and projects, in Belgium, to address competition concerns.
March 29, 2017 Deep Dive Premium US Consumer Survey— Amazon Yet to Crack the Menswear MarketBrick-and-mortar stores remain the main channel where consumers buy. Two-thirds of surveyed men have bought menswear online, and only 2.6% say they buy most often online.
March 28, 2017 Deep Dive Premium Amsterdam— A Leading European Startup HubAccess to capital: Amsterdam-based technology startups have ample access to early-stage funding, crowdfunding and business angel funding.
March 27, 2017 Company Earnings Update Register for Free Access Finish Line (FINL) Fiscal 4Q17 Results: EPS Misses Consensus; Comps WeakFinish Line reported fiscal 4Q17 adjusted EPS of $0.50, missing the consensus estimate of $0.70.
March 27, 2017 Deep Dive Premium Deep Dive: Intime Retail- The Roadmap to New Retail with AlibabaWe attended Intime Retail Group’s analyst briefing where the Chairman (who is also Alibaba’s CEO), CEO and CFO all spoke about the implementation of the New Retail, which refers to the integration of online and offline retail, and logistics across a single value chain. They all held the view that both online and physical retailers will need to change their operating models,as the mobile internet has drastically changed the way consumers shop.
March 24, 2017 Deep Dive Premium Deep Dive: India Rising Part 2— E-Commerce Disruptors in IndiaThis is the second report in our India Rising series focusing on the Indian startup ecosystem. We identify the following four retailers as the main disruptors in Indian e-commerce: Flipkart, Snapdeal, Quikr, and Bigbasket.
