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 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 24, 2017 Company Earnings Update Register for Free Access PVH (PVH) 4Q16 Results: International Sales Growth Helps Offset More Challenging USPVH Corp. reported 4Q16 adjusted EPS of $1.23, above the consensus estimate of $1.19.
March 23, 2017 Company Earnings Update Register for Free Access Five Below (FIVE) 4Q16 Results: EPS beat, positive guidance for 2017Five Below reported 4Q16 revenues of $388.1 million, up 18.9% from $326.3 million in the year-ago period and slightly above the consensus estimate of $387.6 million. EPS was $0.90, ahead of the $0.89 consensus estimate and up 16.9% year over year.
March 22, 2017 Company Earnings Update Register for Free Access Nike (NKE) Fiscal 3Q17 Results: Beats on Earnings, Slightly Misses on RevenueNike reported fiscal 3Q17 adjusted EPS of $0.68, ahead of the $0.53 consensus estimate and up 24.0% year over year, driven by SG&A expense leverage as well as by higher other income, a lower tax rate and a lower share count.
March 20, 2017 Company Earnings Update Register for Free Access Tiffany & Co. (TIF) Fiscal 4Q16 Results: Revenue in Line With GuidanceTiffany & Co. reported fiscal 4Q16 adjusted EPS of $1.45, beating the consensus estimate of $1.38. Revenues increased by 1.3%, to $1.2 billion, which was in line with guidance.
March 16, 2017 Company Earnings Update Register for Free Access Inditex (BME: ITX) FY16 Results: Continued Comp Strength Offset by Margin ErosionInditex reported FY16 revenues of €23.3 billion, an increase of 11.5% over FY15 and broadly in line with analysts’ estimates. Comparable store sales in FY16 increased a strong 10% year over year.
March 16, 2017 Company Earnings Update Register for Free Access H&M (STO: HM-B) Monthly Sales Update: Sales Slow Down in FebruaryH&M reported total sales rose by 3% year over year in local currencies in February 2017. This compares to year-over-year sales growth of 8% in January. Sales in February were negatively impacted by 4% due to a calendar impact, since 2016 was a leap year.
March 16, 2017 Deep Dive Premium Deep Dive: New Retail – The Key To Unlocking Pent-Up Chinese Consumer DemandThe Fung Global Retail & Technology team attended the 5th China E-commerce and Retail Innovation Summit 2017 in Shanghai.
March 15, 2017 Company Earnings Update Register for Free Access Ocado (LSE: OCDO) 1Q17 Update: Strong Growth Maintained as Inflationary Effects Creep InUK grocery pure-play Ocado reported total gross sales growth of 13.3% in its first quarter, ended February 26. Ocado’s own retail sales grew by 13.1%.
March 15, 2017 Deep Dive Premium Deep Dive: US Retail—Store Closure and Management Change TrackerStore closure and bankruptcy announcements: BCBG will be closing all of their stores due to bankruptcy. Lucy Activewear will also close all of its stores as it is merged into the North Face brand. JCPenney will be closing 13%–14% of its stores, while Crocs will be closing 29% of its stores.
March 15, 2017 Company Earnings Update Register for Free Access Salvatore Ferragamo (BIT: SFER) FY16 Results: Underpaces Luxury Rivals at the Top Line, Tax Benefit Boosts the Bottom LineItalian luxury leather goods and apparel firm Salvatore Ferragamo posted FY16 revenue growth of just 0.6%, broadly in line with consensus expectations.
