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WEINSWIG’S WEEKLY JANUARY 11, 2019

Retailers in the U.S. may have enjoyed a bumper holiday season, but their counterparts elsewhere in the world have been experiencing greater uncertainty. In China, the pace of economic growth has slowed, while in Germany, shoppers have shown renewed caution. Meanwhile, in the U.K., details on Brexit remain unclear, even though the exit date is now less than three months away – raising the real possibility of a deal-less Brexit. Across the U.S., Europe and Asia, macroeconomic and political uncertainty threatens to persist for at least the first few months of 2019. In this week’s note, we look at four inflection points we expect could significantly impact the economy and consumer sentiment in various countries.

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Seven & i Holdings (TSE: 3382) Company Profile

Seven & i Holdings Co. Ltd. was founded in 2005 through the merger of Ito-Yokado Co. Ltd., Seven-Eleven Japan Co. Ltd. and Denny’s Japan Co. Ltd. Headquartered in Tokyo, the company operates retail, food, financial and IT businesses. Seven & i Holdings operates convenience stores, superstores, supermarkets, department stores, restaurants and other operations worldwide. The company had around 21,800 stores of various types in Japan as of Feb. 28, 2018, and around 66,200 stores in other parts of the world as of Dec. 31, 2017.

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Taubman Centers, Inc. (NYSE: TCO) Company Profile

Taubman Centers is a self-administered and self-managed real estate investment trust (REIT), incorporated in 1973 and headquartered in Michigan. The Taubman Realty Group Limited Partnership is a majority-owned partnership subsidiary of Taubman Centers that directly or indirectly holds interests in all Taubman Centers’ real estate properties. Taubman Centers owns, leases, acquires, disposes of, develops, expands, and manages shopping centers and related interests.

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JCPenney Company, Inc. (NYSE: JCP) Company Profile

JCPenney operates department stores and via its website, selling family apparel and footwear, accessories, fine and fashion jewellery, beauty products through Sephora inside JCPenney, and home furnishings. The company department stores also offer services such as styling salon, optical, portrait photography and custom decorating.

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Casey’s General Stores (NASDAQ: CASY) Company Profile

Casey’s specifically aims to tap underserved markets in the Midwest by serving smaller communities not covered by large national convenience stores and grocery stores. The company strives to bolster store performance and traffic through digital engagement, its loyalty program and product price optimization. Casey’s is also remodeling stores and making acquisitions to increase its scale and performance.

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