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1 Week of July 10, 2016 DEBORAH WEINSWIG, MANAGING DIRECTOR, FUNG GLOBAL RETAIL & TECHNOLOGY [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2016 The Fung Group. All rights reserved. WHAT’S INSIDE WEEK OF July 10, 2016 JCPenney has a less promotional focus this week than it did during the same week last year. The retailer is offering 15% off home products this week versus 40% off last year. During this week last year, Target promoted sales on liquid detergent, paper towels and soft drinks, but this year it is focusing on smartphones, gaming consoles and Fitbits (summer essentials à technology gadgets). Macy’s is offering a more diverse range of promotions this week than it did last year, when sales mostly focused on apparel. The retailer has also increased its discounts on many selected items, from 40% last year to 70% this year. Bloomingdale’s is encouraging more online traffic by increasing the discounts offered in its bQuick! Online Secret Sale from 60% off selected items last year to 80% off this year. Kohl’s is offering savings similar to last year throughout its departments, and is running a half-off promotion on Simple by Design furniture that is identical to the one it offered during this week last year.

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WeekofJuly10,2016

DEBORAHWEINSWIG,MANAGINGDIRECTOR,FUNGGLOBALRETAIL&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.

WHAT’S INSIDE

WEEK OF

July 10, 2016

• JCPenneyhasa lesspromotionalfocusthisweekthan itdidduringthesameweek lastyear.Theretailerisoffering15%offhomeproductsthisweekversus40%offlastyear.

• During thisweek last year, Targetpromoted saleson liquiddetergent, paper towels and soft drinks, but this year it isfocusing on smartphones, gaming consoles and Fitbits(summeressentialsàtechnologygadgets).

• Macy’s is offering amore diverse range of promotions thisweek than it did last year, when sales mostly focused onapparel. The retailer has also increased its discounts onmanyselecteditems,from40%lastyearto70%thisyear.

• Bloomingdale’s is encouraging more online traffic byincreasingthediscountsoffered initsbQuick!OnlineSecretSale from 60% off selected items last year to 80% off thisyear.

• Kohl’s is offering savings similar to last year throughout itsdepartments,and isrunningahalf-offpromotiononSimpleby Design furniture that is identical to the one it offeredduringthisweeklastyear.

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WeekofJuly10,2016

DEBORAHWEINSWIG,MANAGINGDIRECTOR,FUNGGLOBALRETAIL&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.

US PROMO YOY HIGHLIGHTS RETAILER 2016 2015

SUMMERSALE

• Thisweek,CVSisofferingasaleoncosmetics,softdrinks,sunscreenandbottledwater.

• Ayearago,CVSdiscountedmanyofthesameitems,includingcosmetics,bottledwaterandsoftdrinks.

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SUPERDUPERSUMMERSALE

• Thisweek,Kmartispromotingits“SuperDuperSummerSale,”featuringdiscountsofupto50%onitemsthroughoutthestore.Watches,bottledwater,papertowelsandliquiddetergentarealsoonsalethisweek.

• Lastyear,Kmartofferedasummerclearancesale,withdiscountsofupto50%offitemsthroughoutthestore.

12pages

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LIVECONNECTED• Thisweek,Targetisrunningasaleon

smartphones,gamingconsoles,TVsandFitbits.

• Lastyearduringthisweek,theretaileroffereddealsonliquiddetergent,papertowelsandsoftdrinks.

30pages

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WeekofJuly10,2016

DEBORAHWEINSWIG,MANAGINGDIRECTOR,FUNGGLOBALRETAIL&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.

WEEKLY US YOY COMPARISON RETAILER 2016 2015

• bQuick!OnlineSecretSale:Save40%–80%onselecthomeitems,rugsandluggage

• Save40%–50%onswim

• Save30%onselectnewwomen’sstyles,featuringAG,Aqua,FrenchConnection,ElieTahariandmore

• bQuick!OnlineSecretSale:Save60%offselectswim,lingerie,sleepwearandhosierystyles

• Take20%offwithanyformofpayment

• Take25%offwithyourBloomingdale’scard

• Extra30%offwithyourJCPenneycreditcard

• Extra25%offwithanyothertypeofpayment

• Extra15%offselectwatches,salonproducts,furniture,mattresses,andcustomblindsandshades

• Freeshippingover$49

• Save60%offmen’spants

• 50%offbedding,bathandluggage

• 40%offhomedécor,furnitureandmattresses

• 30%offkitchen,dining,storageandvacuums

• Takeanextra20%off

• 50%offseasonaltoys

• 50%offSimplebyDesignfurniture

• 50%offTheBigOnebedding

• Takeanextra30%,20%or15%offwhenyouuseyourKohl’scharge

• Everyonegets$10forevery$50spent

• 50%offSimplebyDesignbedding

• Extra25%off

• Extra15%offhomeandselectdepartments

• Save40%–60%offwomen’sswimwear

• Save50%offwomen’sdresses

• Save70%offbras

• Save70%offjewelry

• Extra20%off

• Freeshippingonallorders

• Save60%offselectmen’sdressshirtsandties

• Save40%–60%offselectwomen’ssummerstyles

• Save60%offselectshortsforwomenandjuniors

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WeekofJuly10,2016

DEBORAHWEINSWIG,MANAGINGDIRECTOR,FUNGGLOBALRETAIL&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.

DeborahWeinswig,CPAManagingDirectorFungGlobalRetail&TechnologyNewYork:917.655.6790HongKong:852.6119.1779China:86.186.1420.3016deborahweinswig@fung1937.comAnnikaRingblomResearchAssistant

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