Deep Dive | October 2, 2019 Premium 2Q19 US Earnings Season Wrap-UpThis report reviews the most recent quarterly earnings for (mostly) US-based companies in the Coresight 100, our focus list of retailers, brand owners and real estate firms. Read More
Flash Report | October 1, 2019 Register for Free Access Forever 21 Files for 2019’s 35th Major US BankruptcyForever 21 announced it began voluntary Chapter 11 proceedings in US bankruptcy court. As part of its restructuring strategy, the company plans to exit most international locations in Asia and Europe but will continue operations in the US, Mexico and Latin America. Read More
Store Tracker | September 27, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 39: Madison Reed To Expand to Hundreds of LocationsIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019. Read More
Company Earnings Update | September 20, 2019 Register for Free Access Next (LSE: NXT) 1H20 Results: Online Sales Drive Earnings BeatNext reported 1H20 operating profit of £340.9 million, up 3% year over year and ahead of expectations of £330.9 million, driven by strong performance in its online business. Read More
Store Tracker | September 20, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 38: Casey’s to Open More StoresIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019. Read More
Deep Dive | September 19, 2019 Premium Buy Online, Return In Store: Assessing Strategies and Drivers of AdoptionIn this report, we explain the buy online, return in store (BORIS) model in detail and assess how some US retailers are using this service to enhance their omnichannel retailing. Read More
Company Earnings Update | September 17, 2019 Register for Free Access Inditex (BME: ITX) 1H19 Results: Revenue Up, Promoting SustainabilityInditex reported 1H19 revenues of €12.8 billion, up 6.6%; EPS of €0.50, up 8.7%; and predicts its new sustainably made line will grow 110% for the year and by 2020 will represent 25% of all clothing sold by Inditex. Read More
Event Coverage | September 16, 2019 Register for Free Access Gap Investor Day 2019: Athleta Opening First Outlet Store; Activewear Fastest Growing Category at Old NavyOld Navy and Athleta are expanding inclusive sizing. Athleta has grown at a 23% CAGR over the past 7 years and will open its first outlet store. Read More
Event Coverage | September 12, 2019 Register for Free Access L Brands Investor Day, 2019: Revenue Growth Driven by Bath & Body Works; Product Innovation at Victoria’s Secret is #1 PriorityRevenue at L Brands has been driven by growth at Bed Bath & Beyond (BBW). L Brands is targeting PINK at 19-year-old college student-like consumers, a demographic that totals 30 million. PINK brand hopes to grow its “Seamless” workout business to $1 billion by 2022. Read More
Company Earnings Update | September 10, 2019 Register for Free Access Primark (LSE: ABF) FY19 Pre-Close Trading Update: On Track for Full-Year Margin Increase but FY20 Will Be TougherPrimark FY19 comps were down 1% in the UK, down 3% in the eurozone and up (by an unspecified amount) in the US. Read More
Event Coverage | September 10, 2019 Register for Free Access Alibaba’s Tmall Hosts Third Annual NYFW China Cool Day: A Fusion of Heritage and InnovationAlibaba hosted its 3rd NYFW China Cool Event. Emerging brands Songta and I-am-chen’s shows were bold while contemporary brands, Peacebird, Threegun and Rizhuo merged traditional with modern designs. Read More
Flash Report | September 10, 2019 Register for Free Access Fred’s Files for Bankruptcy Protection, Plans to Close All StoresOn September 9, 2019, retail discounter Fred’s announced that it had filed for Chapter 11 bankruptcy protection and plans to close all its stores. Read More
Insight Report | September 9, 2019 Premium August 2019 US Same-Store Sales: Costco Comps Beat ExpectationsCostco’s global same-store sales growth slowed marginally from July but came in substantially ahead of the consensus estimate. The company’s online growth accelerated to 23.9% in August, from July’s 21.3%. Read More
Company Earnings Update | September 6, 2019 Register for Free Access American Eagle Outfitters (NYSE: AEO) 2Q19 Results: Mixed Results; Management Hints at Entering Beauty Before Holiday SeasonAEO reported fiscal 2Q19 revenues of $1.04 billion, higher than the consensus estimate of $1.00 billion, and up 7.9% YoY. The company reported adjusted 2Q19 EPS of $0.39, higher than consensus of $0.32. Read More
Company Earnings Update | September 6, 2019 Register for Free Access Lululemon (NASDAQ: LULU) 2Q19 Results: Revenue and Comps Up in Strong Quarter; Men’s Outperforms Women’sLululemon’s 2Q19 revenues grew 22.1% year over year to $833 million, beating the consensus estimate of $845.6 million. The company reported 2Q19 EPS of $0.96, up 35.2% from the year-ago period, ahead of the consensus estimate of $0.89. Read More
