Store Tracker | February 9, 2018 Premium Weekly Store Openings and Closures Tracker 2018, Week 6: Bon-Ton Files for BankruptcyFGRT tracks store openings and closures for a select group of retailers in the US and the UK. Read More
Company Earnings Update | February 9, 2018 Register for Free Access Michael Kors (KORS) Fiscal 3Q18 Results: Beats on Top and Bottom Lines and Comps; Raises Guidance for Jimmy Choo AcquisitionMichael Kors reported adjusted fiscal 3Q18 EPS of $1.77, up 7.6% from $1.64 in the year-ago quarter and handily beating the $1.29 consensus estimate. Revenues were $1.44 billion, up 6.5% year over year and ahead of the $1.38 billion consensus estimate. Read More
Flash Report | February 8, 2018 Register for Free Access Walmart’s Store No 8 Acquires Virtual Reality Startup SpatialandWalmart’s technology incubator, Store No 8, has acquired virtual reality (VR) startup Spatialand.The financial terms of the deal were not disclosed. Read More
Flash Report | February 8, 2018 Register for Free Access Macy’s Launches Modest Fashion Line Verona CollectionMacy’s announced the launch of a modest clothing brand called Verona Collection. Read More
Flash Report | February 8, 2018 Register for Free Access Big Lots Names Stephen M. Haffer as Chief Customer OfficerOn February 5, Big Lots announced the appointment of Stephen M. Haffer as Senior Vice President, Chief Customer Officer. Read More
Flash Report | February 7, 2018 Register for Free Access Hudson’s Bay Company Appoints CVS Health Executive Helena Foulkes as CEOHudson’s Bay Company (HBC) announced the appointment of Helena Foulkes as its new CEO, effective February 19. Read More
Flash Report | February 7, 2018 Register for Free Access Lululemon CEO Laurent Potdevin ResignsLululemon, the healthy lifestyle-inspired athletic apparel company announced that Laurent Potdevin has resigned as CEO and as a member of the company’s Board of Directors, effective immediately. Read More
Flash Report | February 7, 2018 Register for Free Access JD.com Partners with Fung Retailing to Transform Retail through AIOn February 2, JD.com, China’s leading online retailer, announced a partnership with Fung Retailing, the retail business arm of Hong Kong conglomerate the Fung Group, to transform the retail landscape using artificial intelligence (AI). Read More
Company Earnings Update | February 2, 2018 Register for Free Access H&M (STO: HM-B) FY17 Results: Sales Growth Slows and Margins Erode as Management Admits “Mistakes”H&M reported SEK 200,004 million in net sales excluding VAT in the fiscal year ended November 30, 2017, slightly below the consensus of SEK 203,277 and up by 4.0% year over year. Sales including VAT increased by 3% in local currencies. Read More
Flash Report | January 31, 2018 Register for Free Access Amazon, Berkshire Hathaway and JPMorgan Chase Form Employee Healthcare PartnershipAmazon, Berkshire Hathaway and JPMorgan Chase announced the formation of a partnership designed to address healthcare for the companies’ US employees. The goal is to improve employee satisfaction and reduce costs. Read More
Store Tracker | January 26, 2018 Premium Weekly Store Openings and Closures Tracker 2018, Week 4: Toys“R”Us to Close 182 Stores; JCPenney to Close Four StoresFGRT tracks store openings and closures for a select group of retailers in the US and the UK. Read More
Company Earnings Update | January 26, 2018 Register for Free Access LVMH (ENXTPA: MC) FY17 Results: Company Enjoys a Stronger-than-Expected Final QuarterLVMH reported FY17 revenues of€42.6 billion, beating the €42.3 billion consensus estimate due to 4Q17 revenues that came in 2% ahead of expectations. Read More
Company Earnings Update | January 26, 2018 Register for Free Access ASOS (LSE: ASC) 1Q18 Trading Update: Strong UK Performance Supports 30% Sales GrowthBritish fashion retailer ASOS grew 1Q18 sales by 30%. Read More
Flash Report | January 24, 2018 Register for Free Access “Carrefour 2022”: Retailer Announces Redundancies and Digital Transformation in Strategic RevampCarrefour has unveiled its new strategy to 2022, which is broadly based on four goals: Read More
Event Presentation | January 18, 2018 Premium How AI Is Powering Retail Growth (NRF)• AI is human-like or intelligent behavior exhibited by computers and machines. • It is enabled by a computer program or set of programs that help machines make autonomous decisions through cognitive functions similar to those typically exhibited by human beings, such as learning, decision making and problem solving. Read More
