US Father’s Day Spending Forecast to Hit $15.3 Billion, the Second-Highest Total in Survey’s History
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Spending for Father’s Day, which falls on June 17 this year, is expected to reach a near-record high of $15.3 …
Hudson's Bay Company (HBC) 1Q18 Results: Weak Comps Continue, Company Agrees to Sell Gilt and Close 10 Lord & Taylor Stores
Hudson’s Bay Company (HBC) reported 1Q18 adjusted EPS of C$(1.22), down from C$(1.15) in the year-ago period and below the …
Zalando (XTRA: ZAL) 2018 Capital Markets Day: Doubling Sales—Margins Can Wait
Coresight Research attended Zalando’s Capital Markets Day 2018 in Berlin, Germany, on June 5. Our top takeaways from the meeting …
Hudson’s Bay Company Announces Closure of Lord & Taylor’s New York Flagship and Sale of Gilt Groupe to Rival Rue La La
Canadian retail group Hudson’s Bay Company (HBC) announced that it will close up to 10 of its Lord & Taylor …
Walmart Launches Jetblack, a Concierge-Style Personal Shopping Service
Walmart launched a members-only personal shopping service called Jetblack on May 31. The service was incubated under Walmart’s tech incubator …
Ascena (ASNA) Fiscal 3Q18 Results: Beats Expectations, Provides Mixed Guidance
Ascena reported fiscal 3Q18EPS of $(0.08),down from $0.05a year ago, but beating the consensus estimate by a penny.Adjusted revenues were …
Amazon Prime Day 2018 Preview: Echo Devices and Private-Label Products Look Set to Take Center Stage
Amazon Prime Day 2018 will start on July 16, 2018. This year, the company has announced a bigger-than-ever promotional event, …
Weekly Store Openings and Closures Tracker 2018, Week 22: Claire’s to Close 40 More Stores, Sears Announces Further Closures
Coresight Research tracks store openings and closures for a select group of retailers in the US and the UK, as …
Dollar General (DG) Fiscal 1Q18 Results: Misses on EPS and Comps, Reaffirms FY18 Guidance
Dollar General reported 1Q18 EPS of $1.36, up from $1.02 in the year-ago period, but below the $1.40 consensus estimate. …
American Eagle Outfitters (AEO) 1Q18 Results: Beats Estimates, Reports Solid Comps Across Brands and Channels
American Eagle Outfitters reported 1Q18 revenues of $823 million, up 8.0% year over year and beating the $811 million consensus …
LVMH Continues Digital Push, Invests in Fashion Search Platform Lyst
LVMH has led an investment in global fashion search platform Lyst.
Michael Kors (KORS) 4Q18 and FY18 Results: Double-Digit Growth in Revenues and Expense Cuts Yield Recovery in Profits
In 4Q18, Michael Kors reported a 10.8% jump in revenues, a 14.5% uplift in gross profit and a 6.0% decline …
April 2018 Monthly Consumer Update: US, UK and China
Each month, we round up key metrics reflecting consumer demand in the US, the UK and China. We focus on …
Foot Locker (FL) 1Q18 Results: Beats on EPS, Misses on Comps
Foot Locker reported 1Q18 adjusted EPS of $1.45, up 6.8% from $1.36 a year ago and beating the $1.25 consensus …
Artificial Intelligence in Retail, Part 1: Applications Across Customer-Facing Functions
This report is the first in a short series looking at the application of artificial intelligence (AI) in retail. Here, …
April 2018 UK Retail Sales: Very Weak Month Due to Earlier Easter
April was an exceptionally weak month for year-over-year retail sales growth. Value sales were up just 0.8% year over year …
Weekly Store Openings and Closures Tracker 2018, Week 21: Sears to Close 40 More Stores
Year-to-date 2018, the number of US store closure announcements stands at 3,992 and the number of store openings is 1,789. …