Company Earnings Update | November 10, 2017 Register for Free Access Macy’s (M) 3Q17 Results: Beats on EPS, Reiterates GuidanceMacy’s reported adjusted 3Q17 EPS of $0.23, up 35.3% year over year and beating the $0.19 consensus estimate. Revenues were $5.28 billion, down 6.1% year over year and roughly in line with the $5.31 billion consensus estimate. Read More
Flash Report | November 9, 2017 Register for Free Access Macy’s Flagship Creates a New Retail Experience with Samsung Smart StoreThe Macy’s flagship in Herald’s Square has gone digital, with more than 1,000 square feet dedicated to a Samsung smart product experience area, the first of its kind in the country, according to Samsung’s representatives. Read More
Company Earnings Update | November 8, 2017 Register for Free Access PRIMARK (LSE: ABF) FY17 Results: Soft Comps and Margin ErosionAssociated British Foods reported FY17 results for the 52 weeks ended September 16, 2017. This report focuses on results for Primark, the company’s retail division. Read More
Company Earnings Update | November 8, 2017 Register for Free Access Zalando (XTRA: ZAL) 3Q17 Results: Investment in Logistics and Technology Impacts ProfitabilityZalando reported 3Q17 revenues of €1,074.7 million, up 28.7% year over year, and in line with the consensus estimate of €1,074.0 million. Adjusted EBIT came in at €0.4 million versus the consensus estimate of €3.2 million, corresponding to an adjusted EBIT margin of 0.0%. Read More
Company Earnings Update | November 8, 2017 Register for Free Access Kroger (KR) to Launch Private-Label Apparel in Fall 2018Kroger, the largest US grocery chain, announced plans to launch its own fashion brand in the fall of 2018. The line will offer apparel, including basics and fashion pieces, for children, teens and adults, and feature a modern, casual aesthetic. Read More
Deep Dive | November 7, 2017 Premium Deep Dive: The Amazon Invasion – A Timeline of the E-Commerce Giant’s Global ConquestIn this report, we investigate Amazon’s offering, global expansion and the routes it has chosen to operate in. We provide timelines of key corporate announcements and events for each country in which Amazon operates. Read More
Company Earnings Update | November 7, 2017 Register for Free Access CVS (CVS) 3Q17 Results: Beats on EPS, in Line on Revenues; Raises/Narrows FY17 EPS GuidanceCVS Health reported 3Q17 adjusted EPS of $1.50, down 9.9% year over year and beating the $1.48 consensus estimate. Revenues were $46.2 billion, up 3.5% year over year and in line with the consensus estimate. Read More
Company Earnings Update | November 6, 2017 Register for Free Access Alibaba (BABA) 2Q FY18 Results: Beats on Earnings and Highest Revenue Growth Since its IPOAlibaba reported 2Q FY18 revenues of ¥55.1 billion, up 61% year over year, the highest growth since its IPO. It also beat the consensus estimate by 26%. The company attributed the strong results to the robust revenue growth from its core commerce segment, as well as the Alibaba cloud business. The company is seeing early results from efforts to integrate online and offline retail under its New Retail strategy. Read More
Company Earnings Update | November 3, 2017 Register for Free Access L’Oréal (ENXTPA: OR) 3Q17 Update: An In-Line Quarter with Solid Comp GrowthL’Oréal reported comp growth of 5.1% in 3Q17. Read More
Company Earnings Update | November 3, 2017 Register for Free Access Morrisons (LSE: MRW) 3Q18 Update: Continued Solid Comp GrowthMorrisons reported solid comp growth of 2.5% in 3Q18, with retail comps of 2.1%. Read More
Company Earnings Update | November 2, 2017 Register for Free Access Next (LON: NXT) 3Q17 Trading Update: Continued Weak Sales in Retail SegmentBritish fashion retailer Next reported that total full-price sales increased by 1.3% in 3Q17. Full-price sales in the Next Retail segment declined by 7.7% year over year, while Next Directory full-price sales increased by 13.2%. Read More
Company Earnings Update | November 1, 2017 Register for Free Access Under Armour (UAA) 3Q17 Results: Revenues Miss Estimates amid Weak North American Sales; Company Lowers FY17 OutlookUnder Armour reported 3Q17 adjusted EPS of $0.22, versus consensus expectations of $0.19. Total revenues were $1.41 billion, below the $1.49 billion consensus estimate and down 4.5% year over year. Read More
Company Earnings Update | October 27, 2017 Register for Free Access Amazon (AMZN) 3Q17 Results: Another Blowout Quarter, with 34% Sales GrowthAmazon reported 3Q17 EPS of $0.52, flat year over year but beating the $0.07 consensus estimate. Net sales (including Whole Foods Market) were $43.7 billion, up 33.7% year over year and beating the $41.6 billion consensus estimate. Read More
Company Earnings Update | October 26, 2017 Register for Free Access Hudson’s Bay Company and WeWork Redefine the Traditional Department StoreHudson’s Bay Company (HBC) entered into a strategic partnership with WeWork Companies to sell its New York City flagship Lord & Taylor store to WeWork Property Advisors in a transaction valued at $850 million. The Lord & Taylor flagship,located on FifthAvenue at38thStreet, is expected to continue operations in the entire building through the 2018 holiday season. After that, the building will be converted into a combined space housing WeWork’s New York headquarters and a redesigned, smaller Lord & Taylor retail store of approximately 150,000 square feet(down from its current size of 650,000 square feet). Read More
Flash Report | October 23, 2017 Register for Free Access Target Herald Square Grand Opening and Store TourThe New York FGRT team attended the grand opening celebration of Target’s new store in Herald Square in New York City last week. Read More
