Company Earnings Update | May 11, 2018 Register for Free Access Next (LSE: NXT) 1Q19 Trading Update: Strong Quarter, Raises Full-Year GuidanceNext reported total full-price sales growth of 6.0% in the first quarter ended May 7, 2018. Full-price in-store retail sales declined by 4.8%, while full-price online sales jumped by 18.1%. Read More
Flash Report | May 10, 2018 Register for Free Access Walmart to Invest $16 Billion to Acquire a 77% Stake in India’s FlipkartOn May 9, Walmart announced the signing of a definitive agreement to invest $16 billion for a 77% stake in Flipkart, a leading online retailer in India. The company said it supports Flipkart’s ambition to become a publicly listed subsidiary in the future. Read More
Company Earnings Update | May 8, 2018 Register for Free Access Alibaba (BABA) 4Q18 Results: Strong Revenue Growth, Although Margin Was SqueezedAlibaba reported 4Q18 revenues of ¥61.9 billion, up 61% year over year. The company attributed the strong results to the robust revenue growth from its core commerce segment, as well as the Alibaba Cloud business. Read More
Analyst Corner | May 4, 2018 Register for Free Access Weinswig’s Weekly May 4, 2018This week’s note “From the Desk of Deborah Weinswig” discusses the proposed merger of UK grocery retailers Sainsbury’s and Asda, which would create the country’s largest grocery retailer. Read More
Company Earnings Update | May 4, 2018 Register for Free Access Estée Lauder (EL) Fiscal 3Q18 Results: Beats Estimates and Raises GuidanceEstée Lauder reported fiscal 3Q18 adjusted EPS of $1.17, beating the consensus estimate by a dime and up 23.7% year over year. Revenues were $3.37 billion, up 18.0% year over year and beating the consensus estimate of $3.25 billion. Read More
Company Earnings Update | May 4, 2018 Register for Free Access Avon Products (AVP) 1Q18 Results: Company Meets EPS Estimates, Beats Revenue EstimatesAvon Products reported 1Q18adjusted EPS of $(0.02), in line with the consensus estimate. Revenues were $1.39 billion, up 4.5% year over year and beating the consensus estimate of $1.36 billion. Read More
Flash Report | May 3, 2018 Register for Free Access Macy’s Acquires STORY, the Store that Changes Concepts Every 6–8 WeeksMacy’s announced that it has acquired STORY, a New York City concept store that curates its product selections around a theme that changes every 4–8 weeks. Read More
Company Earnings Update | May 3, 2018 Register for Free Access Adidas (ETR: ADS) 1Q18 Result: Strong Profit Growth Beats Expectations Despite Currency Headwinds at the Top LineAt constant currency, Adidas grew 1Q18 revenues by 10%. Currency effects meant this translated to just a 1.9% increase in reported revenues. Read More
Company Earnings Update | May 2, 2018 Register for Free Access Under Armour (UAA) 1Q18 Results: Beats Revenue Estimates on Strong International Sales, Reaffirms FY18 GuidanceUnder Armour reported 1Q18 adjusted EPS of $0.00, ahead of the $(0.05) consensus estimate. Total revenues were $1.19 billion, beating the $1.12 billion consensus estimate and up 5.9% year over year. Read More
Company Earnings Update | April 26, 2018 Register for Free Access Boohoo Group (LSE: BOO) FY18 Results: Sales Nearly Double and Profits Jump on AcquisitionsBoohoo.com reported a 96.8% jump in revenues to £579.8 million in FY18, slightly above the consensus estimate of £574.9 million, as recorded by S&P Capital IQ, and above the guidance provided previously. Read More
Analyst Corner | April 20, 2018 Register for Free Access Weinswig’s Weekly April 20, 2018This week’s note “From the Desk of Deborah Weinswig” discusses what makes Chinese retail unique and what the future of retail could hold, according to executives from JD.com and Alibaba who spoke at the World Retail Congress in Madrid this week. Read More
Event Coverage | April 19, 2018 Register for Free Access World Retail Congress 2018, Day 2: Department Stores, Diversity and Digitalizing ProductsThe Coresight Research team is attending World Retail Congress 2018 in Madrid this week. Here are our top takeaways from day two of the conference: Read More
Event Coverage | April 18, 2018 Register for Free Access World Retail Congress 2018, Day 1: Hearing About the “Retail Apocalypse,” Chinese Retail and the Need for Change in Brick-and-MortarThe Coresight Research team is attending World Retail Congress 2018 in Madrid this week. Here are our top takeaways from day one of the conference: Read More
Company Earnings Update | April 18, 2018 Register for Free Access Groupe Casino (EPA: CO) 1Q18 Trading Update: French Food Sales, Hypermarkets Help PerformanceGroupe Casino reported a 3.8% decline in sales in 1Q18 to €8.90 billion, slightly below the consensus estimate of €8.91 billion, and impacted by foreign-exchange effects of (7.7)%. Read More
Company Earnings Update | April 13, 2018 Register for Free Access L’Oréal (ENXTPA: OR) 1Q18 Trading Update: Buoyant Chinese Demand Fuels Strong Comp GrowthL’Oréal reported 1Q18 comp growth of 6.8%, ahead of expectations and an improvement over the prior quarter’s growth. Read More