Earnings Intelligence Identifies Growth Strategy for Consumer Discretionary, Discount, Variety Stores
Published Date: 2019/09/07
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Using Earnings Intelligence as a service, a SaaS service available from SiteFocus, business executives can analyze the breadth and depth on earnings call transcripts for insights. The followings are some ideas taken from EI based on recent earnings disclosure from a major business in Consumer Discretionary, Discount Variety Store:
Membership attracts retain and upgrade customers
Mexico shows growth in traffic and ticket sales
Strong growth in fresh and dry grocery.
Canada, UK retail environment continue to be soft
Growth in online grocery sales
Focus on saving customer time and money on grocery and general merchandise
The focus on operating efficiently provides the flexibility to invest in growth initiatives
Physical stores show up trends
Benefitted from challenging weather
Online grocery as a meaningful contributor to eCommerce growth
Growth strength in grocery, including strong growth in private brands
eCommerce sees improvement in key service metrics such as Customer Value Index, net promoter score and on-time delivery
Solid growth in important margin-enhancing categories like home and apparel
E-commerce sales growth was strong in sales event
Productivity improvements in physical stores
Customers are responding well to omni-channel initiatives in Mexico
Food categories continued to perform well, including strong growth in Fresh, and contributed to market share gains in weekly shop categories