宜家中国一次性关掉7家商场 不同于此前一年关一两家门店的小打小闹，宜家中国一次性关掉了7家商场。 继关闭宜家贵阳店、宜家上海杨浦店后，1月7日，宜家中国宣布，包括宜家天津中北商场 、宜家广州 番禺商场、宜家上海宝山商场、宜家徐州商场、宜家南通商场、宜家宁波商场和宜家哈尔滨商场在内的 7个线下触点关闭，其他商场和线上渠道均保持正常运营，这一调整引发了市场的广泛关注。 宜家中国表示，此次调整并非意味相关门店 "无法继续经营"，而是宜家以优化成本、提升效率、重新 配置资源为核心所做出的主动转型。"基于对现有渠道组合的全面复盘以及全渠道服务承接能力的综合 评估，我们已确保同城或周边消费者可通过其他门店及线上渠道继续获得服务。" 1月7日，宜家中国在官方账号上发布关于调整门店布局的说明，决定自2026年2月2日起停止运营包括宜 家上海宝山商场、宜家广州番禺商场、宜家天津中北商场、宜家南通商场、宜家徐州商场、宜家宁波商 场和宜家哈尔滨商场在内的七个线下触点。 换言之，宜家中国在上述7家商场所在区域的布局过于饱和。 而在此次7个线下触点调整后，宜家在中国仍拥有34个线下顾客触点、3个自有数字化渠道以及2家电商 平台旗舰店。 ...

Core Viewpoint - Lowe's has shown positive performance in its recent earnings report, with growth in both revenue and earnings, and is positioned for future expansion despite macroeconomic uncertainties [2][3][4]. Financial Performance - Lowe's reported adjusted earnings of $3.06 per share, exceeding the Zacks Consensus Estimate of $2.97, marking a 5.9% increase from $2.89 per share in the same period last year [4]. - Net sales reached $20,813 million, meeting consensus estimates and showing a slight increase from $20,170 million the previous year, driven by a 0.4% rise in comparable sales and significant growth in online sales (11.4%) and home services [5]. - The gross margin expanded to 34.2%, up 50 basis points year-over-year, while SG&A expenses increased to 20% of sales, leading to a decrease in operating income to $2,481 million from $2,536 million in the prior year [6]. Strategic Developments - The acquisition of Foundation Building Materials (FBM) is expected to enhance Lowe's reach in the Pro segment, contributing to long-term sales and profit improvement [3]. - Lowe's updated its full-year sales outlook to $86 billion, up from a previous range of $84.5-$85.5 billion, while projecting flat comparable sales and a slight decrease in adjusted operating margin expectations [9][10]. Financial Health - As of the end of the quarter, Lowe's had cash and cash equivalents of $621 million and long-term debt of $37,498 million, with a shareholders' deficit of $10,382 million [7]. - Operating cash flow for the nine months ended October 31 totaled $8,297 million, with $8.8 billion allocated for the FBM acquisition and $673 million paid in dividends during the quarter [7]. Market Position and Outlook - Lowe's has experienced a downward trend in estimates revision, with a consensus estimate shift of -5.91% [11]. - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [13]. - In comparison, Home Depot, a competitor in the same industry, reported revenues of $41.35 billion with a year-over-year change of +2.8%, highlighting competitive dynamics within the retail home furnishings sector [14].

天眼查App显示，近日，广州威泰家居用品有限公司成立，注册资本6万人民币，经营范围为互联网销 售（除销售需要许可的商品）;技术进出口;货物进出口;木材销售;电子元器件零售;家具销售;鲜肉零售;新 鲜水果零售;厨具卫具及日用杂品零售;化妆品零售;技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广;办公用品销售;软件销售;竹制品销售;计算器设备销售;光通信设备销售;皮革制品销售;互联 网设备销售;日用玻璃制品销售;卫生洁具销售;灯具销售;家用视听设备销售;户外用品销售;箱包销售;钟表 销售;日用品销售;办公设备销售;仪器仪表销售;金属制品销售;橡胶制品销售;金属材料销售;食品销售（仅 销售预包装食品）;谷物销售;电器辅件销售;自动售货机销售;电子产品销售;服装辅料销售;显示器件销售; 保温材料销售;皮革销售;家居用品销售;二手日用百货销售;日用百货销售。 ...

天眼查App显示，近日，湛江市思捷家居用品有限公司成立，注册资本10万人民币，经营范围为一般项 目：供应链管理服务；商务代理代办服务；国内货物运输代理；互联网销售（除销售需要许可的商 品）；化妆品零售；个人卫生用品销售；日用杂品销售；家居用品销售；针纺织品销售；美发饰品销 售；家用电器销售；文具用品零售；竹制品销售；日用品销售；日用百货销售；针纺织品及原料销售； 日用陶瓷制品销售；日用家电零售；日用木制品销售；日用玻璃制品销售；厨具卫具及日用杂品零售； 橡胶制品销售；金属工具销售；母婴用品销售；体育用品及器材零售；汽车装饰用品销售；塑料制品销 售；办公用品销售；劳动保护用品销售；服装服饰零售；服装辅料销售；纸制品销售；户外用品销售； 珠宝首饰零售；箱包销售；皮革制品销售；鞋帽零售；眼镜销售（不含隐形眼镜）；玩具销售；五金产 品零售；电子产品销售；金属制品销售；礼品花卉销售；乐器零售；茶具销售；渔具销售；日用口罩 （非医用）销售；藤制品销售；钟表销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营 活动）。 ...

Core Viewpoint - The luxury home goods retailer RH has faced significant revenue declines due to a sluggish housing market, resulting in a stock price drop of over 50% in the last five years, contrasting with the S&P 500's 87% increase [1][4]. Group 1: Company Performance - RH's revenue peaked at $1 billion in Q3 2021 but fell to $727 million by fiscal Q1 2024, although a modest recovery to $899 million was noted in the most recent quarter [4]. - The stock is down 58% year to date, influenced by uncertainties around tariffs and competition, leading to reduced profit visibility [5]. - The operating profit margin has decreased from over 20% before the downturn to just 12% on a trailing-12-month basis [5]. Group 2: Market Conditions and Opportunities - With the Federal Reserve expected to lower interest rates, it may be an opportune time to invest in stocks like RH that could benefit from a housing market recovery [2]. - RH is expanding internationally, particularly in Europe, where demand in England has surged by 76% in the recent quarter, indicating potential for future growth [7]. - The company is managing selling prices to counteract higher tariff costs, which is expected to stabilize margins, with analysts predicting a return to nearly 20% operating margin by fiscal 2030 [8]. Group 3: Investment Potential - The stock is currently trading at a forward price-to-earnings ratio of 12.8, suggesting potential for significant returns over the next five years, especially with projected 46% compound annual growth in adjusted earnings per share [8]. - Despite recent underperformance, RH's brand and long-term growth potential remain intact, presenting a buying opportunity for long-term investors [6].

TJX Companies - Comp sales increased by 5% compared to 3% a year ago, surpassing the estimate of 3.6% [1] - EPS rose to $1.28, up from $1.14 last year, with net sales growing by 7.5% year-over-year to $15.12 billion, exceeding expectations [2] - Fourth quarter EPS guidance is set between $1.33 and $1.36, with comp sales projected between 2% and 3%, slightly below street estimates [3] - Full-year comp sales forecast raised to 4% from 3%, indicating positive momentum [4] - Bernstein noted strong demand in the US and internationally, with improving merchandise margins despite tariff pressures [5] Williams Sonoma - Net revenue increased by 4.6% year-over-year, reaching $1.88 billion, slightly above estimates [7] - EPS remained flat year-over-year at $1.96, but was ahead of estimates [7] - Comp sales improved by 4%, compared to a decline of 2.9% last year, with the Williams Sonoma brand showing a 7.3% increase [8] - Store count increased marginally to 519, reflecting a 1% quarter-over-quarter growth [8] - 2026 guidance for net revenue remains unchanged, projected to grow between 0.5% and 3.12% [9] DoorDash - DoorDash received an upgrade from hold to buy, with a price target raised from $220 to $260 [10] - The company's 2026 outlook was adjusted, providing flexibility for long-term investments and potential upside to consensus estimates [11] - Analysts believe that DoorDash's strong execution and growth potential are currently underappreciated, with a 12-month consensus price target near $277 [12]

Core Viewpoint - Home Depot's recent quarterly results showed lower-than-expected profits and same-store sales, attributed to a weak overall real estate market and reduced demand due to events like storms [1][5] Financial Performance - Q3 revenue increased by 2.8% year-over-year to $41.4 billion, slightly above market expectations [1] - Same-store sales grew by only 0.2%, falling short of the anticipated 1.4% [1] - Adjusted operating profit for Q3 was $5.35 billion, with an adjusted operating margin of 13.0% [5] - Adjusted non-GAAP earnings per share were $3.74, below market expectations of $3.83 and down from $4.67 year-over-year [5] - The company lowered its full-year earnings forecast, now expecting a 5% decline in adjusted earnings per share compared to the previous guidance of a 2% decline [5] Market Conditions - The U.S. real estate market remains stagnant, with high living costs and economic concerns hindering home purchases [6][7] - High interest rates have led many households to abandon plans for home buying and renovations, opting instead for smaller projects [7] - The company is experiencing its first sales slowdown in a decade, impacted by tariffs and rising costs [7] Consumer Behavior - Approximately 90% of Home Depot's DIY customers own their homes, but consumers across all income levels are hesitant to undertake large investment projects [6] - The company noted a decline in customer transactions, with a 1.6% drop in same-store transaction volume, while the average transaction value increased by 1.8% [1][5] - Despite a positive outlook for holiday shopping, overall consumer confidence is affected by high interest rates and employment issues [9]

Core Insights - Following a strong sales performance in April, food store sales in May experienced a decline, indicating a potential shift in consumer behavior [1] - Feedback suggests that customers are reducing their purchases of tobacco and alcohol products [1] - Clothing and home goods retailers reported a slowdown in transactions due to decreased foot traffic [1]

Financial Performance - The company maintained revenue at HK$1.3 billion, with gross profit up by 3.1%[24] - Gross margin increased to 46.9% compared to 45.3% in the previous period[32] - Cash and bank balances stood at HK$430 million[24] - Interim dividend includes an ordinary dividend of 10.5 HK cents per share and a special dividend of 4.2 HK cents per share[24] Business Operations - The company has a physical store retail network of 385 stores worldwide[24] - Hong Kong accounted for 88.4% of the company's total revenue[40] - Singapore's revenue increased by 20.4%[44] Store Network - The company operates 320 stores in Hong Kong[26] - The company operates 49 stores in Singapore[27] - The company operates 8 stores in Macau[27] Strategies and Outlook - The company plans to expand its store network in Hong Kong by a net increase of 4 stores in 2HFY2022 and 10 stores in FY2023[64] - The company plans to expand its store network in Singapore by a net increase of 1 store in 2HFY2022 and 2 stores in FY2023[64] - The company plans to expand its store network in Macau by a net increase of 1 store in 2HFY2022 and 1 store in FY2023[64]

Financial Performance - Group revenue grew by 8.5% to HK$2.9 billion[24] - Gross profit increased by 9.7% to HK$1.3 billion[24] - Profit attributable to equity holders for FY22 was HK$220.8 million, up 20.1% excluding HK$71 million incomes from Employment Support Scheme in FY21[24] - Proposed final dividend is HK cents 12, with an interim dividend of HK cents 10.5 plus a special HK cents 4.2 already paid[24] - Gross margin was 45.7%[31] - Operating margin (excluding incomes under Employment Support Scheme) was 9.5%[31] - Net margin (excluding incomes under Employment Support Scheme) was 7.5%[31] Business Operations - The company has a physical store retail network of 322 stores in Hong Kong, 47 stores in Singapore, and 9 stores in Macau[27] - Hong Kong accounted for 89.3% of the group's revenue, Singapore 9.1%, and Macau 1.6%[36] Strategies and Outlook - The company aims to transform into a convenience GMS (General Merchandise Store) offering a wide range of price-competitive products[43] - The company plans to expand its store network, with a net increase of 5 stores in Hong Kong, 1 in Macau and 1 in Singapore in FY23[61]