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Weinswig's Weekly May 25, 2018
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Weinswig’s Weekly
Recent Report | May 25, 2018

Weinswig's Weekly May 25, 2018

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This week’s note “From the Desk of Deborah Weinswig” discusses recent acquisitions by US retailers in an effort to establish …

Macy’s Appoints Paula Price as CFO
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Flash Reports
Department …
Recent Report | May 25, 2018

Macy’s Appoints Paula Price as CFO

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On May 23, Macy’s announced the appointment of Paula A. Price as Chief Financial Officer, effective July 9.

Target Corp. (TGT) 1Q18 Results: Misses EPS Guidance, Beats on Comps, Reiterates Guidance
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Company Earning Updates
Food, Drug,…
Recent Report | May 24, 2018

Target Corp. (TGT) 1Q18 Results: Misses EPS Guidance, Beats on Comps, Reiterates Guidance

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Target reported 1Q18 adjusted EPS of $1.32, below the consensus estimate of $1.39. Revenues were $16.78 billion, up by 3.4% …

Marks & Spencer (LSE: MKS) FY18 Results: Exceptional Costs Hit Profits; Only on “Mile Three or Four of a Marathon”
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Company Earning Updates
Grocery Ret…
Recent Report | May 24, 2018

Marks & Spencer (LSE: MKS) FY18 Results: Exceptional Costs Hit Profits; Only on “Mile Three or Four of a Marathon”

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Marks & Spencer (M&S) reported a 38% fall in operating profit and a 62% slump in pretax profit in FY18. …

LOWE'S (LOW) 1Q18 Results: Misses Consensus but Raises Annual Revenue Growth Guidance
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Company Earning Updates
Home and Ho…
Recent Report | May 24, 2018

LOWE'S (LOW) 1Q18 Results: Misses Consensus but Raises Annual Revenue Growth Guidance

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Lowe’s reported 1Q18 adjusted EPS of $1.19, up by 15.5% year over year, but missing the consensus estimate by two …

What We’re Hearing at ICSC RECon 2018: 10 Takeaways on Retail Real Estate
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Event Coverage
Recent Report | May 23, 2018

What We’re Hearing at ICSC RECon 2018: 10 Takeaways on Retail Real Estate

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The Coresight Research team is attending the ICSC RECon convention, which is taking place in Las Vegas May 20–23. Here, …

Urban Outfitters (URBN) Fiscal 1Q19 Results: Beats on EPS, Revenue and Comps
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Company Earning Updates
Apparel Spe…
Recent Report | May 23, 2018

Urban Outfitters (URBN) Fiscal 1Q19 Results: Beats on EPS, Revenue and Comps

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Urban Outfitters reported fiscal 1Q19 EPS of $0.38, up from $0.10 in the year-ago quarter and above the $0.31 consensus …

TJX (TJX) Fiscal 1Q19 Results: Misses on EPS, but Raises FY19 Guidance
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Company Earning Updates
Apparel Spe…
Recent Report | May 23, 2018

TJX (TJX) Fiscal 1Q19 Results: Misses on EPS, but Raises FY19 Guidance

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The TJX Companies reported fiscal 1Q19 adjusted EPS of $0.96, below the consensus estimate of $1.02. Revenues were $8.69 billion, …

KOHL'S (KSS) 1Q18 Results: Progress in Operations Boosts Earnings and Profitability
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Company Earning Updates
Department …
Recent Report | May 23, 2018

KOHL'S (KSS) 1Q18 Results: Progress in Operations Boosts Earnings and Profitability

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In 1Q18, Kohl’s reported total revenues of $4.21 billion, up 3.5% year over year. Adjusted EPS was $0.64, beating the …

JCPenney Chairman and CEO Marvin R. Ellison to Leave for Lowe’s
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Flash Reports
Department …
Recent Report | May 23, 2018

JCPenney Chairman and CEO Marvin R. Ellison to Leave for Lowe’s

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JCPenney’s Chairman and CEO Marvin R. Ellison has been appointed President and CEO of Lowe’s, effective July 2.

Subscription Commerce Update - Disruptors Face Disruption
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Deep Dives
Apparel and… Beauty Bran…
Recent Report | May 22, 2018

Subscription Commerce Update - Disruptors Face Disruption

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Subscription services continue to capture billions of dollars that would otherwise go to conventional retailers. However, we are now seeing …

Tencent (0700.HK) 1Q18 Results: Strong Revenue Growth Driven by Gaming; WeChat MAU Surpass 1 Billion
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Company Earning Updates
E-Commerce …
Recent Report | May 21, 2018

Tencent (0700.HK) 1Q18 Results: Strong Revenue Growth Driven by Gaming; WeChat MAU Surpass 1 Billion

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Tencent reported 1Q18 revenues of ¥73.5billion ($11.7 billion), up 48% year over year. Non-GAAP diluted EPS was ¥1.92, an increase …

Nordstrom (JWN) 1Q18 Results: Misses on Comps, Raises EPS Guidance Range
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Company Earning Updates
Department …
Recent Report | May 21, 2018

Nordstrom (JWN) 1Q18 Results: Misses on Comps, Raises EPS Guidance Range

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Nordstrom reported 1Q18 EPS of $0.51, up 37.2% year over year and beating the $0.43 consensus estimate. Total revenues were …

Weekly Store Openings and Closures Tracker 2018, Week 20: Rockport Group Files for Chapter 11 Bankruptcy Protection
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Store Trackers
Recent Report | May 18, 2018

Weekly Store Openings and Closures Tracker 2018, Week 20: Rockport Group Files for Chapter 11 Bankruptcy Protection

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Coresight Research tracks store openings and closures for a select group of retailers in the US and the UK, as …

April 2018 US Same-Store Sales
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Insight Reports
Recent Report | May 18, 2018

April 2018 US Same-Store Sales

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Same-store sales for Costco saw an acceleration in April versus the same period last year. Cato and Buckle continued to …

Walmart (WMT) Fiscal 1Q19 Results: Net Sales Beat Expectations, Guidance Affected by Portfolio Repositioning
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Company Earning Updates
Food, Drug,…
Recent Report | May 18, 2018

Walmart (WMT) Fiscal 1Q19 Results: Net Sales Beat Expectations, Guidance Affected by Portfolio Repositioning

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Walmart reported fiscal 1Q19 net sales of $121.6 billion, up 4.4% year over year and beating the $119.3 billion consensus …

Macy’s (M) 1Q18 Results: Company Beats Estimates, Raises Full Year Guidance
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Company Earning Updates
Department …
Recent Report | May 18, 2018

Macy’s (M) 1Q18 Results: Company Beats Estimates, Raises Full Year Guidance

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Macy’s reported 1Q18 adjusted EPS of $0.42 and total revenues of $5,541 million, exceeding analysts’ estimates. Comparable sales were up …

JCPenney (JCP) 1Q18 Results: New Sales Negatively Impacted by Store Closures, Company Results Below Estimates
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Company Earning Updates
Department …
Recent Report | May 18, 2018

JCPenney (JCP) 1Q18 Results: New Sales Negatively Impacted by Store Closures, Company Results Below Estimates

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JCPenney reported 1Q18 net sales of $2.58 billion, down 4.3% year over year and below the $2.62 billion consensus estimate. …