Market Navigators/Market Outlook | April 17, 2019 Premium Europe’s Legacy Retailers Squeezed by Muted Consumer Demand and Structural Shifts: Sector Overview — European RetailThis report covers European retailing, with a focus on the UK, Germany and France. Structural trends challenging middleground legacy retailers include an ongoing attrition of market share to online and discount channels. Read More
Company Earnings Update | April 17, 2019 Register for Free Access L’Oréal (ENXTPA: OR) 1Q19 Update: Sales Growth Led by Luxe and Active Cosmetics Divisions, Plus New MarketsL’Oréal reported 1Q19 sales of €7.6 billion, an 11.4% increase on a reported basis, led by luxe and active cosmetics divisions, plus new market. Read More
Company Earnings Update | April 15, 2019 Register for Free Access Fast Retailing (TSE: 9983) 1H19 Results: Revenues Up, but Company Lowers Profit Outlook for Second HalfFast Retailing reported 1H19 revenues of ¥3 trillion ($11.4 billion), up 6.8%, and operating profit of ¥172.9 billion ($1.6 billion), up 1.4%. The company reported diluted EPS of ¥1,115.7 ($10.1), up 9.5% from the year-ago period. Read More
Company Earnings Update | April 12, 2019 Register for Free Access LVMH (ENXTPA: MC) 1Q19 Update: Achieves Double-Digit Organic Sales Growth, Led by the Fashion and Leather Goods GroupRevenues at Fashion & Leather Goods Group rose 15% in constant currency, 20% on a reported basis, to €5.1 billion, setting the pace at LVMH. Louis Vuitton and Christian Dior had an exceptional 1Q19, outperforming the Fashion & Leather Goods Group brand portfolio. Read More
Company Earnings Update | April 11, 2019 Register for Free Access ASOS (LSE: ASC) 1H19 Results: Profits Slide due to Higher Warehousing and Technology CostsASOS reported 1H19 group sales of £1.31 billion, up 12.0% year over year on a constant-currency basis (up 13.5% as reported) and slightly ahead of the consensus estimate of £1.30 billion recorded by StreetAccount. Read More
Company Earnings Update | April 11, 2019 Register for Free Access Tesco (LSE: TSCO) FY19 Results: Hits FY20 Margin Target in Second HalfTesco reported FY19 total sales of £63.9 billion, up 11.0% year over year on a constant-currency basis (increasing 11.2% as reported) and missing the consensus estimate of €64.5 billion recorded by StreetAccount. Read More
Deep Dive | April 10, 2019 Premium Online to Offline Beauty: Brands That Are Winning by Understanding the Digital Consumer and Then Going PhysicalDigitally native beauty brands are opening stores and differentiating through customer experiences. Opening a physical store increases online traffic by 45%, according to the ICSC. Read More
Company Profile | April 5, 2019 Premium Tiffany & Co. (NYSE: TIF) Company ProfileTiffany & Co. is a US luxury jewelry retailer headquartered in New York and founded in 1837 by Charles Lewis Tiffany and John B. Young. The company generates 91% of its revenues from jewelry sales. E-commerce, catalog and phone orders represented 7% of total sales in FY15-18. Read More
Flash Report | April 5, 2019 Register for Free Access Goodwill NYNJ Partners with Price Technologies to Boost Re-Commerce OpportunitiesOn April 1, 2019, nonprofit organization Goodwill Industries of Greater New York and Northern New Jersey (Goodwill NYNJ) announced a partnership with technology startup Price Technologies (Price) to offer more opportunities for shoppers to buy secondhand items. Read More
Insight Report | April 5, 2019 Premium 5G in Retail: Growing Revenues in E-Commerce, Boosting Capabilities in IoT Technologies, and Unleashing Potential in AI, AR and VR5G should unleash the full potential of data-intense technology in retail, such as artificial intelligence, machine learning and reality technologies, empowering existing use cases and delivering new applications. Read More
Company Earnings Update | April 5, 2019 Register for Free Access Seven & i Holdings (TSE: 3382) FY19 Results: Recovering at Home, Income Grows in Overseas Convenience StoresSeven & i reported a 14.6% increase in net sales and a 5.1% increase in operating income for FY19. 7-Eleven North America grew net sales by 29.4%, with a 49.3% increase in gasoline sales and a 13.0% increase in merchandise sales. Read More
Analyst Corner | April 4, 2019 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. Read More
Company Earnings Update | April 4, 2019 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. Read More
Insight Report | April 3, 2019 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. Read More
Event Coverage | April 1, 2019 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. Read More