June 20, 2017 Event Presentation Premium Global Retail Revolution Brings Threats as well as OpportunitiesM&A chatter: • Nordstrom announced it is exploring a “going private” transaction (June 8, company press release) • American Eagle Outfitters is reported to be bidding for Abercrombie & Fitch with private equity firm Cerberus Capital Management (May 25, Reuters.com) • Deckers Brands announced that it is reviewing strategic alternatives (April 25, company press release) • The parent company of Jimmy Choo announced that it is reviewing strategic alternatives for the shoe brand (April 25, Bloomberg.com) • BJ’s Wholesale Club put itself up for sale in April (April 14, New York Post)
June 20, 2017 Event Coverage Register for Free Access Takeaways from Lululemon Athletica’s Presentation at the 2017 William Blair & Company Growth Stock ConferenceAt the 2017 William Blair & Company Growth Stock Conference in Chicago, Stuart Haselden, COO and CFO of Lululemon Athletica, outlined the company’s plan to reach revenues of $4 billion by 2020, doubling both revenues and earnings. The key growth drivers for reaching this goal include:
June 20, 2017 Flash Report Register for Free Access Amazon to Acquire Whole Foods Market for $13.7 Billion in CashAmazon announced the signing of a definitive agreement to acquire Whole Foods Market, including the company’s net debt, for $13.7 billion in cash. The transaction is expected to close in the second half of 2017.
June 19, 2017 Flash Report Register for Free Access Walmart to Acquire Bonobos for $310 Million in CashWalmart announced the signing of an agreement to acquire Bonobos, Inc., a leading apparel brand built on the Internet, for $310 million in cash.
June 16, 2017 Company Earnings Update Register for Free Access H&M (STO: HM-B) Monthly Sales Update: Weak Sales in MayH&M reported total sales rose by 4% year over year in local currencies in May 2017. This compares to year-over-year sales growth of 7% in April.
June 16, 2017 Company Earnings Update Register for Free Access Kroger (KR) 1Q17 Results: In-Line EPS; Company Lowers Guidance Due to Higher Inflation ExpectationsKroger reported 1Q17 adjusted EPS of $0.58, in line with the consensus estimate. Revenues were $36.3 billion, up 4.9% year over year and slightly above the $35.6 billion consensus estimate.
June 16, 2017 Event Coverage Register for Free Access New York Fashion Tech Lab (NYFTL) Tech Runway Demo Day 2017Fung Global Retail & Technology attended the New York Fashion Tech Lab’s (NYFTL’s) Tech Runway Demo Day 2017 in New York City on June 14. The event featured NYFTL’s fourth accelerator class of startups, which consisted of nine women-led companies. The startups’ various areas of focus include creating new ways for customers to shop, new ways for retailers to track engagement and new ways for retailers to communicate and engage with customers.
June 15, 2017 Company Earnings Update Register for Free Access Inditex (BME: ITX) 1Q17 Results: Continued Sales and Margin StrengthInditex reported 1Q17 revenues of €5.6 billion, an increase of 14.1% year over year and above analyst estimates. Constant currency sales increased 12.5% year over year in 1Q17, which ended April 30.
June 15, 2017 Insight Report Premium May 2017 US Retail Sales and TrafficTotal US retail sales for May declined by 0.3% month over month and amounted to $473.8billion. Results came in lower than the consensus estimate of a 0.1% decline.
June 15, 2017 Insight Report Premium May 2017 US Retail Sales and TrafficTotal US retail sales for May declined by 0.3% month over month and amounted to $473.8billion. Results came in lower than the consensus estimate of a 0.1% decline.
June 14, 2017 Deep Dive Premium Deep Dive: Retail X Factor— The US EconomyThis is the first report in our X Factor series in which we identify themes that we believe will be critical for the US retail landscape throughout 2017 and beyond. In this report, we look at the macroeconomic backdrop in the first quarter of 2017, and analyze the economic outlook and how this could impact retail for the rest of the year.
June 12, 2017 Deep Dive Premium Warehouse Club Stores: Time To Take The Treasure Hunt Online—Part 3In Part Three of this Deep Dive, we provide an overview of the warehouse-club sector.
June 9, 2017 Company Earnings Update Register for Free Access Takeaways from Walmart’s 47th Annual Shareholders’ MeetingThe Fung Global Retail & Technology team attended Walmart’s 47th Annual Shareholders’ Meeting, held in Fayetteville, Arkansas. Below are takeaways from the meeting:
June 9, 2017 Company Earnings Update Register for Free Access Hudson’s Bay Company (HBC) 1Q17 Results: Misses Guidance, Implementing Transformation PlanHudson’s Bay reported fiscal 1Q17 EPS of C$(1.21), down from C$(0.58) in the year-ago quarter and below the C$(0.75) consensus estimate. Revenues were C$3.20 billion, down 3.0% year over year and slightly below the C$3.26 billion consensus estimate.
June 9, 2017 Insight Report Premium Walmart Taps Store Employees to Test Last-Mile Delivery InitiativeWalmart’s latest initiative in its ongoing competition with Amazon is to test a new delivery program that sends store employees to deliver online orders to customers’ homes at the end of their shifts.
