Weekly Insights May 8, 2015 · Virtual!College!Guidance! Counseling!Platform!...
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1 May 8, 2015 May 8, 2015 Weekly Insights DEBORAH WEINSWIG Executive Director—Head of Global Retail & Technology Fung Business Intelligence Centre [email protected] New York: 646.839.7017 • FBIC met with Entrepreneurs Roundtable Accelerator (ERA), which is committed to technology and entrepreneurism in NYC • Final US consumer sentiment from was 95.9 in April, up from March’s 93.0 figure and the secondhighest level since 2007 • A recent study concludes that 45% of the growth in Brazilian retail, or US $60 billion, will come from inland cities
Transcript of Weekly Insights May 8, 2015 · Virtual!College!Guidance! Counseling!Platform!...
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
May 8, 2015 Weekly Insights
D E B O R A H W E I N S W I G E x e c u t i v e D i r e c t o r — H e a d o f G l o b a l R e t a i l & T e c h n o l o g y F u n g B u s i n e s s I n t e l l i g e n c e C e n t r e d e b o r a h w e i n s w i g @ f u n g 1 9 3 7 . c o m N e w Y o r k : 6 4 6 . 8 3 9 . 7 0 1 7
• FBIC met with Entrepreneurs Roundtable Accelerator (ERA), which is committed to technology and entrepreneurism in NYC
• Final US consumer sentiment from was 95.9 in April, up from March’s 93.0 figure and the second-‐highest level since 2007
• A recent study concludes that 45% of the growth in Brazilian retail, or US $60 billion, will come from inland cities
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
FROM THE DESK OF DEBORAH WEINSWIG We had the chance to meet with the principals of New York–based Entrepreneurs Roundtable Accelerator (ERA) this week. Founded in 2007 as a nonprofit, ERA is committed to growing and building New York’s technology and entrepreneurial community—a goal close to the heart of FBIC Global Retail & Technology. ERA’s founders are committed and passionate members of the New York tech community, entrepreneurs with decades of experience in technology, media and early-‐stage venture capital. The ERA community plays a critical role within the New York tech ecosystem by providing participant companies with a four-‐month intensive program designed to rapidly grow early-‐stage companies into exciting, viable new businesses by providing them with access, collaborators and exposure.
ERA selects 10 companies out of the 1,000 or so from all over the world that apply for its program, which is run three times a year. The lucky 10 receive an initial $40,000 investment and the potential for follow-‐on funding from ERA’s fund. The companies move to New York (if not here already) and are provided with free, collaborative, coworking space in Chelsea and access to more than 200 mentors. They attend seminars and speaker programs led by top entrepreneurs, technologists and industry experts, and receive free legal, accounting and other business support functions, support from ERA’s 25+ sponsors and partners, and exposure to New York City’s leading seed investors and venture capital funds. In exchange, ERA receives 8% of the common stock of the companies in its program, aligning its interests with that of the individual companies.
ERA chooses companies for its program that have a significant technology component, and it looks for participants that will be able to take advantage of the New York City opportunity in order to successfully bring their product, service or application to market. Most ERA companies are software or software-‐related and focused on either b-‐to-‐b or b-‐to-‐c within sectors such as Internet, mobile, e-‐commerce, local media, ad tech, SaaS, financial tech, fashion tech and payments. To date, ERA has made 80 investments and that number will jump to 90 shortly.
FBIC Global Retail & Technology will launch our Disruptors Breakfast Series in New York later this year, with ERA and some of its program companies in attendance. We’ll keep you informed as we plan the events, and hope you can join us in what we think will be a vibrant discussion of new technologies and business opportunities that are nurtured here in our own backyard, New York City’s Chelsea.
Themed Monthly Subscription
Boxes for Men [email protected]
Waitlist Management CRM for
Restaurants [email protected]
API Integration Tools for
Charitable Giving [email protected]
Comparison Shopping for
Local Services [email protected]
Next Generation Fantasy
Sports Analytics [email protected]
Mobile, Real-‐Time Parking Discovery & Yield Mgmt
Aggregated Business Intelligence
for Digital Marketers [email protected]
Citizen Request Mgmt
System for Governments [email protected]
Mobile On-‐Demand Premium Maid
Service [email protected]
White-‐label EBay Thrift Store For
Any Charity [email protected]
Next-‐Gen Mobile Wedding
Apps and Services [email protected]
Mobile Credit Card Reader
for Developers [email protected]
Platform for Discovering Fashion
with Friends [email protected]
Ad/Marketing Network for
Sponsors and Events [email protected]
Mobile Platform for Photo Challenges Amongst Friends [email protected]
Mobile Games to Explore the
Physical World [email protected]
Platform for Branded Fashion
Collaborations [email protected]
Mobile App Developer and
Designer Showcase [email protected]
Native Advertising Solutions for
Visual Web [email protected]
Instant Everyday Advice Platform with Experts [email protected]
Online Booking Destination for
Catering Services [email protected]
Data Intelligence Platform for
Fundraising [email protected]
E-‐Commerce Destination Site
for Yoga Lifestyle [email protected]
Digital Outsourcing Platform for
Repetitive Tasks [email protected]
Group Travel Booking Destination
Site [email protected]
Marketplace for Woodworkers and
Craftsmen [email protected]
Email-‐Enhancing Technologies for
Corporations [email protected]
Bringing “Consultative Sales” to
Online Commerce [email protected]
Next-‐Gen Form and eSignature
Platform [email protected]
Optimizing Online Video Marketing
for Brands [email protected]
Bringing the Social Graph to
Online Dating [email protected]
Integrated Alternative
Financing for Online Shoppers [email protected]
Commerce Platform Replacing Retailers With Influencers [email protected]
One Click Hiring Solutions for Restaurants and Hospitality [email protected]
Location Based Tax Optimization SaaS Platform for Enterprises [email protected]
Collaborative Network for Creative People and Projects
Technology-‐Enabled Real Estate
Brokerage [email protected]
Premier Online Destination for
Commercial Real Estate [email protected]
Decision Support Software for Merchandise Trends
Mobile Advertising Solutions for
Local Businesses [email protected]
ENTREPRENEURS ROUNDTABLE ACCELERATOR’S COMPANIES
Virtual College Guidance Counseling Platform
Personalized Summaries Through Natural Language Processing
Letting Women Shop Fashion Using Their Existing Fashions [email protected]
Marketplace for Musicians &
Photographers [email protected]
Vertical Search Engine for Used
Industrial Machinery [email protected]
Socially Curated Local Recommendation Lists
K-‐12 Blended Learning Platform
and Skills Assessment Tools [email protected]
Premium Video Ad Network
for Content Paywalls [email protected]
Intent Based Online Advertising
Solutions for Brands [email protected]
Open Table for Independent Fitness
Instructors [email protected]
Social Dining Platform for Local
Culinary Events [email protected]
Password Management & Security for Cloud Services [email protected]
Mobile Wallet for Independent
Coffee Shops [email protected]
Mobile Dispatching Software for
Taxi and Limo Companies [email protected]
Fresh Organic Produce
Subscription & Delivery Service [email protected]
Live Online Language Training Platform for Corporations founders@lingo-‐live.com
Data management and Privacy
platform for Publishers [email protected]
Direct Marketing Platform
Connecting Brands to Buyers [email protected]
Competitive Intelligence Software
For Retail Brands [email protected]
Changing E-‐Commerce Data into Business Intelligence [email protected]
SRM Platform That Helps
Financial Advisors Find Clients [email protected]
Video Sharing Service for Licensed
Content [email protected]
Connecting Recipe Sites to Online
Grocers to Advertisers [email protected]
Online Made-‐to-‐Measure Fashion Brand for Women [email protected]
On-‐Demand Mobile Access to
Hotel Services [email protected]
Automating Routine Legal and
Administrative Work [email protected]
Covert Job Search for the
Currently Employed [email protected]
App Enabling Sharing of SMS Conversations with Friends [email protected]
Sampling based eCommerce Platform for Fragrances [email protected]
Mobile Platform Connecting Shippers
and Truckers [email protected]
Next-‐Gen University Alumni
Engagement Platform [email protected]
API Testing and Monitoring
Platform [email protected]
Capture, Organize, and Share
your Family Memories [email protected]
Image Collaboration Platform for
Creative Professionals [email protected]
Location-‐Based Healthcare Recommendation Engine
Dynamic Calendar and Marketing Platform
Mobile Newsreader App Focused
on Timelines [email protected]
Centralized Platform for Any
Mappable Data [email protected]
Online Travel Platform Replacing Travel Agents with Consumers [email protected]
Membership Discount Program
for High End Perks [email protected]
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Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
US Consumer Sentiment Rose to Its Second-‐Highest Level Since 2007 Figure 1. University of Michigan Consumer Sentiment
• The final US April consumer sentiment reading from the University of Michigan was 95.9, up from March’s 93.0 and the second-‐highest level since 2007.
• However, the result was just a little under economists’ consensus estimate of 96.0 for April.
• Favorable employment and income levels and improving consumer confidence suggest a consumption rebound in the second quarter.
CHART OF THE WEEK
STAT OF THE WEEK
• The amount of sales global retailers lose due to returns and stock issues.
• This amount, if it were not lost, would boost total annual sales by 11.7%.
US $ 1.75 Trillion
Source: IHL Group and Women’s Wear Daily
95.9
50
60
70
80
90
100
110
04 05 06 07 08 09 10 11 12 13 14 15
Through April 30, 2015 Source: University of Michigan
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
US RETAIL TRAFFIC US Weekly Traffic Falls by 6.2% Figure 2. US Weekly Store Traffic: YoY % Change
Through May 2, 2015 Source: ShopperTrak
• US store traffic was still hurt last week by the early Easter this year. Overall store traffic fell by 6.2% year
over year for the week ended May 2.
• Apparel store traffic fell slightly, by 2.2%, while electronics store traffic declined 7.9%. Traffic in May is expected to be lifted by Mother’s Day and Memorial Day.
US REGULAR GASOLINE PRICES
Figure 3. US Regular Gasoline Prices (USD per Gallon)
04/20/15 04/27/15 05/04/15 Week Ago Year Ago
US 2.485 2.570 2.664 0.094 (1.020)
East Coast 2.443 2.517 2.578
0.061
(1.121)
Midwest 2.397 2.439 2.499
0.060 (1.096)
Gulf Coast 2.242 2.305 2.384 0.079 (1.081)
West Coast 2.968 3.182 3.416 0.234 (0.639)
RR
(25)
(20)
(15)
(10)
(5)
0
5
10
15 10/03
10/10
10/17
10/24
10/31
11/07
11/14
11/21
11/28
12/05
12/12
12/19
12/26
01/02
01/09
01/16
01/24
01/31
02/07
02/14
02/21
02/28
03/06
03/13
03/21
03/28
04/01
04/11
04/18
04/24
05/02
Source: US Energy Information Administration
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
US RETAIL EARNINGS
Company
Revenues ($ Mil.)
Change YoY Gross Margin (%) Change
Net Income ($ Mil.)
Change YoY Store Fleet EOP
Period 2014 2013 (%) 2014 2013 (BP) 2014 2013 (%) 2014 2013
CVS Health 1Q ended Mar.31 36,332 32,669 11.2 17.0 18.2 (122) 1,221 1,129 8.1 8,006 7,829
Estée Lauder 3Q ended Mar.31 2,581 2,550 1.2 80.5 80.4 10 272.7 213 27.9 N/A N/A
Fossil 1Q ended Mar.31 725 777 (6.6) 55.3 57.1 (180) 38 66 (42.5) 610 542
VF Corp 1Q ended Mar.31 2,837 2,781 5.1 47.1 51.1 (404) 289 297 (2.9) N/A N/A
Source: Company reports
US RETAIL HEADLINES
Unilever Acquires Skincare Brand Kate Somerville (May 6) Women’s Wear Daily • The terms of the acquisition were not disclosed. Hoover’s estimates that Kate Somerville
Skincare has annual sales of $9.9 million. • The Kate Somerville acquisition will anchor Unilever in the premium end of the skincare market
thanks to the brand’s differentiated wellness positioning and is a step forward in Unilever’s “portfolio premiumization” strategy.
Kate Somerville began as a skincare clinic for Hollywood’s celebrities. The line is rooted in a hands-‐on focus on improving skin health and catering to those seeking real solutions to skin concerns. Gap About to Launch in India (May 5) Women’s Wear Daily • Gap is opening its first store in India, at the Select CityWalk mall in Delhi on May 30. The
company plans to launch 40 Gap stores in the next five years, and to open five to seven stores in the first fiscal year.
• The assortment will be global and include men’s, women’s and baby categories. Spa-‐Oriented Brand Bliss to Expand into Lifestyle Market (May 4) Women’s Wear Daily • Bliss is launching a series of collections in home fragrance, apparel, color cosmetics and tools
this September. The apparel line consists of active and casual wear such as leggings, tops and robes.
• The lifestyle collections will be available at Bliss spas and airport stores, and through the Bliss catalog and e-‐commerce site.
Too Faced Cosmetics Rumored to Be Sold (May 4) Women’s Wear Daily • According to market sources, the original indie cosmetics brand is entering a bidding process to
be sold. The company currently generates about $150 million in sales at retail price. The bids range from $450 million to $500 million.
• Bidders include Estée Lauder and a number of private equity firms, according to sources.
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Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
ASIA TECH HEADLINES Hong Kong’s Fresco Capital Expands to Tokyo (May 5) e27.co • Allison Baum, Managing Director of Fresco’s Hong Kong and US early stage fund, suggested that
Fresco Managing Director Tytus Michalski’s previous success in Japan with another fund was one reason behind the move. Michalski scaled that fund from 600 million to 3 billion, with investments from many Japanese investors.
• Barriers include language, culture and general openness to collaboration. “The US is the most open, Hong Kong is somewhere in the middle and China and Japan are a bit more closed—you’ll get a lot of investors…that want to be the only investor,” said Baum.
uHoo Air Monitor Creator Announces Seed Funding Round (May 5) Tech in Asia • The startup behind uHoo, a device that monitors in-‐home air-‐pollution levels, announced a seed
round of funding from East Ventures. The amount was not disclosed.
• uHoo has sensors that measure temperature, particulate matter (such as dust or smoke), airborne chemicals, humidity and carbon dioxide levels. An accompanying app notifies the homeowner of the readings.
Here’s How Samsung Envisions B2B Wearables (May 4) ZDNet • Samsung quotes a recent PwC survey in which 77% of respondents said they felt that wearable
devices can boost workplace efficiency and productivity, and 70% said that they expect their employer to embrace smartwatches and similar devices in the office.
• Two of the examples Samsung cited were that hotel staff could use wearables to adjust the temperature in a room or print out a list of local attractions for a guest and that retail sales staff could use wearables to change or adjust digital signage in the store without having to leave the sales floor.
Indonesian O2O Startup Kudo Lands Funding for Multipayment E-‐Commerce Solution (May 4) Tech in Asia • Kudo, an online-‐to-‐offline e-‐commerce startup from Jakarta, announced a seven-‐digit funding
round led by GREE Ventures and East Ventures. Kudo announced its seed round of funding from East Ventures in November 2014.
• Kudo builds physical e-‐commerce kiosks that accept various forms of payment, including cash. It places the kiosks in public places around Jakarta and targets local consumers who may not otherwise visit traditional e-‐stores.
Taiwan’s iChef Discloses US$1.5 Million Funding Round from Supermarket Mogul (May 4) Tech in Asia • iChef, the Taipei-‐based startup that offers an iPad-‐enabled point-‐of-‐sale service for restaurants,
has disclosed a US$1.5 million investment from Lin Ming-‐Hsiung, Chairman of Pxmart, one of the island’s biggest supermarket chains.
• Since its launch in 2012, cofounder Ken Chen says that iChef has gained more than 500 clients in Taiwan, the overwhelming majority of which pay for it via monthly a subscription fee. It also has clients in Hong Kong, and has given restaurants in Thailand and Tokyo trial services.
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Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
Samsung S6/S6 Edge Memory Bug (May 3) ZDNet • Users are complaining about a RAM management bug in Samsung’s new smartphone that
causes apps to be refreshed when users multitask, which in turn causes background apps to lose their content.
• Other users are complaining about excessive RAM usage, which can be fixed only by manually shutting down apps or rebooting the handset.
foodpanda Raises US$100 Million in Financing, Led by Goldman Sachs (May 1) e27.co • Goldman Sachs Investment Partners will join the advisory board of foodpanda after leading the
new financing round of US$100 million.
• foodpanda has acquired key competitors in India, Mexico, Russia, Brazil, Eastern Europe and Southeast Asia. It will use the recent investment to further expand its own delivery activities and improve overall customer experience across its 40 markets.
In India, Edutech Startups Are Teaching Themselves How to Grow (May 1) Tech in Asia • In the past few years, about 22 edutech firms have emerged. But only one of these is funded:
IndiaCollegeSearch, which raised US$1 million from the Indian Angel Network, according to Tracxn, a market research firm that tracks Indian startups.
• Edutech hasn’t yet seen much investor attention in India. “Scalability is a major problem in this segment. Most of the companies have built models around a particular course, thereby limiting their reach,” says Rahul Agarwal, Managing Director of Altfort Capital Advisors, an asset management firm that advises edutech firms.
Baidu Wants to Rescue Nepal’s Damaged World Heritage Sites in Crowdsourced 3D (April 30) Tech in Asia • Baidu has set up a page on its photography portal that allows people to upload photos they’ve
taken of damaged cultural treasures in Nepal. It will then stitch the photos together to create an immersive, tourable, digital reproduction of World Heritage locations.
• A number of major tech companies, including Facebook and Google, have implemented new technology aimed at bolstering rescue and recovery efforts since the recent earthquake.
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
EUROPEAN RETAIL EARNINGS
Company
Revenues ($ Mil.) Change
Change in Reporting Currency Gross Margin (%) Change Net Income ($ Mil.)
Change YoY Store Fleet EOP
Period 2015 2014 (%) (%) 2015 2014 (BP) 2015 2014 (%) 2015 2014
Sainsbury’s FY to Mar. 14, 2015 38,687 37,748 2.5 (0.7) 5.1 5.8 (71) (270.1) 1,128.6 N/A 1,304 1,203
SuperGroup FY to Apr. 25, 2015 776 689 12.6 12.5 N/A N/A N/A N/A N/A N/A 178 139
adidas 1Q to Mar. 31, 2015 4,607 4,768 (3.4) 17.3 49.2 49.2 (2) 251.6 282.3 (10.9) N/A N/A
Luxottica 1Q to Mar. 31, 2015 2,493 2,524 (1.2) 20.0 67.1 64.0 310 239.2 217.8 9.8 N/A N/A
Hugo Boss 1Q to Mar. 31, 2015 753 839 (10.3) 9.0 65.5 65.4 6 85.3 111.8 (23.7) 1,060 1,041
boohoo FY to Feb. 28, 2015 228 173 31.5 27.4 60.8 59.1 169 13.7 13.3 3.0 N/A N/A
Source: Company reports
EUROPEAN RETAIL HEADLINES New Look Moves Closer to China Expansion Targets (May 6) Retail-‐Week.com • Investment firm Clayton Dubilier & Rice is reportedly in talks with CDH, a Chinese private equity
group, over a joint bid for fashion retailer New Look.
• Former Tesco boss Sir Terry Leahy is now employed by Clayton Dubilier & Rice, although it’s not clear whether he is directly involved in this project.
• New Look has previously highlighted the importance of the Chinese market and has focused much of its international expansion plans on the Asian marketplace. New Look’s Chief Executive, Anders Kristiansen, has said that the retailer is on track to meet its target of opening 20 new stores in China by the end of its fiscal year.
Tesco Rejects South Korean Offer (May 5) Retail-‐Week.com • Grocery retailer Tesco has reportedly rejected a £4 billion offer from American private equity
firm Carlyle for its South Korean Homeplus business.
• Carlyle, which has investments in UK health food store Holland & Barrett, has been interested in the Homeplus stores for a number of months and reportedly put forward a proposal in March. Tesco is said to have rejected that offer, too.
• Tesco currently owns about 400 stores in South Korea, as well as 200 franchises, making the country the retailer’s largest market outside the UK.
Louis Vuitton Loses Its Checkerboard Trademark (May 4) www.Vogue.co.uk • Luxury fashion brand Louis Vuitton has lost the right to trademark its Damier checkerboard
pattern. The Court of Justice of the European Union said the print lacked distinguishable features and therefore was not capable of fulfilling the requirements of a trademark.
• This decision upholds a previous ruling made in 2010 by the European registration service denying the high-‐end label the right to call the design its own, saying that it is too commonplace to be owned by one brand.
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
LATAM RETAIL HEADLINES Kate Spade Announces Partnership to Expand into Latin America (May 7) WWD
• Kate Spade & Company signed a distribution agreement with Exclusive Brands International (EBI), a leading distributor in Latin America and the Caribbean
• Under the terms of the agreement, EBI will have distribution rights to the kate spade new York brand in 17 territories throughout Central and South America and the Caribbean
• In connection with the agreement, Kate Space will no longer operate directly in Brazil, however the company will continue its existing agreement with Grupo Axo in Mexico
Brazilian Growth to Come from Inland Cities (May 5) Women’s Wear Daily • A recent study by Boston Consulting Group concluded that economic growth is much stronger in
Brazil’s interior cities.
• Consumption in inland cities is expected to contribute more than 45% of the growth in retail through 2020, or US$60 billion.
• The report further suggested that retailers embrace clusters of metropolitan areas, new store formats and the outsourcing of logistics.
LatAm Consumers Increasingly Desire Luxury Goods (May 5) Women’s Wear Daily • Fueled by Brazil and Mexico, Latin America is expected to become one of the main markets for
fashion and luxury due to increasing consumer confidence, an expanding middle class and retail modernization, according to Euromonitor.
• Consumer spending in Latin America increased by 25% from 2009 through 2014, the second-‐highest growth rate after the Asia-‐Pacific region.
• Growth in LatAm shopping mall destinations is a key driver of demand for luxury brands.
Fitch Sees More Downside Risk in Latin America (May 4) Company Press Release • The rating agency sees slow growth, deteriorating funding conditions and fiscal pressures as
particular risks Latin America faces.
• Fitch believes lower growth may be the new normal until governments can adjust to the new operating environment.
• Moreover, capital spending aimed at reigniting growth has not yet materialized.
Economy and Politics Create a Mixed Picture in Brazil (May 4) The Wall Street Journal • A contracting economy, weak consumption and politics have created a scenario of uncertainty
in Brazil.
• Still, the weaker real could offer opportunities for export-‐oriented companies.
• While FEMSA is investing US$852 million to open three new bottling plants, higher energy costs represent a headwind for other companies.
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
FEMSA to Open Convenience Stores in US, Sell Alcohol (May 4) Bloomberg • FEMSA submitted a filing to the Texas courts requesting permission to sell alcohol there.
• If successful, FEMSA would open 900 convenience stores in Texas over the next 10 years.
• The total investment would amount to US$850 million.
Brazil Retail Sales Increase by 0.6% Year over Year in March (April 29) Bloomberg • The March sales increase was 0.6% year over year, compared with February’s 0.4% increase.
• Supermarket sales increased by 7.2% month over month in March versus 0.6% for the same period of 2014.
• Year-‐to-‐date sales increased by 1.5% versus a decrease of 0.6% for the same period last year.
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
EARNINGS CALENDAR Company Event Date
Coty 3Q15 Earnings Call/Earnings Release May 7
Alibaba 4Q15 Earnings Call/Earnings Release May 7
Unicharm 1Q15 Earnings Call/Earnings Release May 8
YOOX 1Q15 Earnings Call/Earnings Release May 11
Home Depot 1Q15 Earnings Call/Earnings Release May 19
TJX 1Q15 Earnings Call/Earnings Release May 19
Burberry FY15 Earnings Call/Earnings Release May 20
Target 1Q15 Earnings Call/Earnings Release May 20
Lowe’s 1Q15 Earnings Call/Earnings Release May 20
L Brands 1Q15 Earnings Call/Earnings Release May 20
Marks & Spencer FY15 Earnings Call/Earnings Release May 20
Ross Stores 1Q15 Earnings Call/Earnings Release May 21
Gap 1Q16 Earnings Call/Earnings Release May 21
Ross Stores 1Q16 Earnings Call/Earnings Release May 21
American Eagle Outfitters 1Q16 Earnings Call/Earnings Release May 21
ANN 1Q15 Earnings Call/Earnings Release May 22
Aéropostale 1Q15 Earnings Call/Earnings Release May 22
Sears 1Q16 Earnings Call/Earnings Release May 22
Michael Kors 4Q15 Earnings Call/Earnings Release May 27
Costco 3Q15 Earnings Call/Earnings Release May 27
Guess? 1Q15 Earnings Call/Earnings Release May 29
Abercrombie & Fitch 1Q15 Earnings Call/Earnings Release May 29
Quicksilver 2Q15 Earnings Call/Earnings Release Jun. 2
G-‐III Apparel Group 1Q15 Earnings Call/Earnings Release Jun. 3
Dollar General 1Q15 Earnings Call/Earnings Release Jun. 3
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
EVENT CALENDAR
Event Location Date(s) FBIC Presentation
Alchemist Accelerator May Demo Day Palo Alto, CA May 7
Footwear News CEO Summit Miami Beach, FL May 11–13
Vanity Capital BAML Conference Singapore May 12–13 Deborah Weinswig
Internet of Things World San Francisco, CA May 12–13
Singapore Fashion Week Singapore May 13–17
RECon Las Vegas, NV May 17–20 Alibaba Global Conference on Women and Entrepreneurship Hangzhou, China May 19–21
CES Asia Shanghai, China May 25–27
Planalytics 2015 Hurricane Outlook Webinar May 28
MIT Technology Review EmTech Digital San Francisco, CA Jun. 1–2
ULI Asia Pacific Summit Tokyo, Japan Jun. 2–4
Internet Retailer Conference Exhibition Chicago, IL Jun. 2–5
FMI Connect: More than Meets the Aisle Chicago, IL Jun. 8–11
WWD Beauty Summit New York, NY Jun. 9–10
Retail Innovation Conference New York, NY Jun. 16–17
New York Fashion Tech Lab Demo Day New York, NY Jun. 18
NRF PROTECT Long Beach, CA Jun. 23–25
Omnichannel Retail Executive Forum New York, NY Jul. 16
ICSC Next Generation Conference Miami, FL Jul. 26–28
NRFtech Half Moon Bay, CA Jul. 26–28
Magic Las Vegas, NV Aug. 17–19
NACDS Total Store Expo Denver, CO Aug. 22–25 Deborah Weinswig
CIO Retail Summit Scottsdale, AZ Aug. 23–25
Planalytics Back-‐to-‐School Outlook Online Aug. TBD
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May 8, 2015
Fung Business Intelligence Centre (FBIC) Publication: Retail Research Weekly Insights Copyright © 2015 Fung Group. All rights reserved.
Deborah Weinswig, CPA Executive Director—Head of Global Retail & Technology Fung Business Intelligence Centre New York: 917.655.6790 Hong Kong: +852 6119 1779 [email protected] Cam Bolden [email protected] Marie Driscoll, CFA [email protected] John Harmon, CFA [email protected] Amy Hedrick [email protected] Aragorn Ho [email protected] John Mercer [email protected] Charlie Poon [email protected] Kiril Popov [email protected] Stephanie Reilly [email protected] Lan Rosengard [email protected] Jing Wang [email protected]
