Event Coverage | June 16, 2017 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. Read More
Company Earnings Update | June 15, 2017 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. Read More
Flash Report | June 13, 2017 Register for Free Access 3D Body-Scanning Technology: Creating the Perfect Fit3D body-scanning systems can help both apparel manufacturers and consumers solve the fit problem, resulting in a better experience and fewer returns. Read More
Company Earnings Update | June 8, 2017 Register for Free Access Boohoo Group (LSE: BOO) 1Q18 Update: Revenues Double, Comps Up 78%, Top-Line Guidance RaisedBoohoo.com grew 1Q18 revenues by 106%, or 98% at constant exchange rates, helped by the acquisition of PrettyLittleThing and the Nasty Gal brand. Read More
Company Earnings Update | June 2, 2017 Register for Free Access Express (EXPR) 1Q17 Results: EPS Missed Consensus; Company Lowers FY17 OutlookExpress reported 1Q17 EPS of $(0.06), including a net negative impact of $0.03 per share related to discrete tax items and the exit of Canada. EPS was down138% from the year-ago quarter and below the consensus estimate of $(0.02). The company reported revenue of $467.0 million, down7.1% from the year-ago quarter and slightly below the $467.7 million consensus estimate. Read More
Company Earnings Update | May 25, 2017 Register for Free Access PVH (PVH) 1Q17 Results: Beats Consensus and Raises EPS GuidancePVH Corp. reported 1Q17 adjusted EPS of $1.65, ahead of the $1.60 consensus estimate and up 9.9% year over year. Revenues were $2.0 billion, up 3.7% year over year and slightly ahead of the $1.96 billion consensus estimate. Read More
Company Earnings Update | May 25, 2017 Register for Free Access Guess (GES) Fiscal 1Q18 Results: Beats Expectations; North America Comps Still WeakGuess reported fiscal 1Q18 adjusted EPS of $(0.24), down slightly from $(0.23) in the year-ago quarter but above the $(0.32) consensus estimate. Read More
Company Earnings Update | May 25, 2017 Register for Free Access Chico’s (CHS) 1Q17 Results: Comps DisappointChico’s FAS reported 1Q17 EPS of $0.26 versus the consensus estimate of $0.29. Read More
Deep Dive | May 19, 2017 Premium Fast Fashion Speeding Toward Ultrafast FashionZara and H&M, the two largest global fast-fashion retailers, pioneered the fast-fashion business model. Now, the two companies are competing head to head with a new set of younger online-only competitors. Read More
Company Earnings Update | May 19, 2017 Register for Free Access Gap (GPS) 1Q17 Results: Tops EPS Expectations; Solid Same-Store SalesGap reported 1Q17 EPS of $0.36, up from $0.32 in the year-ago quarter and above the $0.29 consensus estimate. Foreign currency negatively impacted EPS by an estimated $0.03, or about 9%. Total revenues were $3.44 billion, roughly flat year over year. Read More
Company Earnings Update | May 18, 2017 Register for Free Access L Brands (LB) 1Q17 Results: Beats on EPS Despite Victoria’s Secret’s Sales SlumpL Brands reported 1Q17 adjusted EPS of $0.33, down 44.1% from the year-ago quarter, but above the $0.29 consensus estimate. Total revenues were $2.44 billion versus expectations of $2.46 billion, and were down 6.8% year over year. Read More
Company Earnings Update | May 17, 2017 Register for Free Access TJX Companies (TJX) Fiscal 1Q18 Results: Traffic Continues to Drive Comps; 2Q Off to a Solid StartTJX Companies reported fiscal 1Q18 EPS of $0.82 versus the consensus estimate of $0.79. Read More
Company Earnings Update | May 17, 2017 Register for Free Access Urban Outfitters (URBN) Fiscal 1Q18 Results: EPS Misses Expectations on Weak CompsUrban Outfitters reported fiscal 1Q18 EPS of $0.10, below the consensus estimate of $0.16. Total revenues were $761.2 million, below the consensus estimate of $769.8 million and down 0.2% from the year-ago quarter. Read More
Deep Dive | May 12, 2017 Premium Deep Dive: International Apparel Retailers in India—Jumping the Hurdles in Pursuit of GrowthThis report is the first in a brief series that looks at international retailers’ operations in India. It focuses on international apparel retailers’ entry to India and considers their domestic counterparts. Read More
Company Earnings Update | May 10, 2017 Register for Free Access Zalando (XTRA: ZAL) 1Q17 Results: Strong Revenue Growth Driven by Expanding Customer BaseZalando reported 1Q17 group revenue of €980.2 million, up 23.1% on a reported basis and above the consensus estimate of €978.8 million. The company’s gross margin contracted by 50 basis points year over year, to 41.4%, and its adjusted EBIT margin declined to 2.1%. Diluted EPS remained stable at €0.02 in 1Q17. Read More
