Product TypeFlash Report AWS Unleashes a Flurry of Announcements at 2019 AWS re:Invent Conference Author Coresight December 4, 2019 Amazon Web Services (AWS) made a series of announcements at its 2019 AWS re:Invent Conference. Many centered on enabling 5G wireless, which promises fiber-optic-like speed for mobile devices, enabling many yet-unimagined new business opportunities.
Product TypeFlash Report Holiday 2019: US Cyber Monday Digital Sales Hit $9.4 Billion Author Coresight December 4, 2019 Cyber Monday continued Black Friday’s streak of record-breaking online sales for a roaring start to the holiday shopping season in the US. Sales were especially heavy at the last minute, with consumers spending an average of $11 million per minute in the final hour.
Product TypeFlash Report Holiday 2019: US Black Friday Sees Companies Promote More Heavily, Shoppers Continue to Migrate Online Author Coresight December 3, 2019 In the US, this year’s Black Friday saw retailers promote more heavily than last year and consumers continue to migrate to online platforms.
Product TypeFlash Report Luxury Giant LVMH To Buy Tiffany for $16.2 Billion Author Coresight November 26, 2019 On November 25, French luxury conglomerate LVMH announced that it will buy Tiffany & Co, an American luxury jewelry retailer, for $135 per share for a total value of $16.2 billion. We discuss how this acquisition jumpstarts LVMH’s global presence in the fine jewelry market at a time when demand for jewelery is resurging.
Product TypeFlash Report Amazon Opens Pop-Up Store on Chinese E-Commerce Platform Pinduoduo Author Coresight November 26, 2019 Just a few days before the Black Friday shopping holiday in the US, Amazon opened a pop-up store on Chinese e-commerce platform Pinduoduo. The platform is running a Black Friday promotion with Amazon as one of its partners to enable cross-border shopping for consumers.
Product TypeFlash Report Avery Dennison To Acquire Smartrac’s RFID Inlay Business for Approximately $250 Million Author Coresight November 26, 2019 Avery Dennison's deal to acquire Smartrac’s Transponder (RFID Inlay) division could boost revenues 45%. The acquisition should add technology, product breadth, manufacturing capacity, new customers and new sales channels, increasing the company’s global presence and opening new sales channels.
Product TypeFlash Report Alibaba To Raise $13.4 Billion in Hong Kong Second Listing Author Coresight November 19, 2019 In the same week of the Double 11 Global Shopping Festival (also known as Singles’ Day), Alibaba made headlines again with its secondary listing in Hong Kong, to raise $13.4 billion. The listing represents a vote of confidence for the region amid unrest, and the funds will allow Alibaba to expand its business and invest in technology.
Product TypeFlash Report Google Cloud Acquires CloudSimple, a Provider of Tools To Migrate VMWare Environments to the Cloud Author Coresight November 19, 2019 Google Cloud announced via a blog post the acquisition of CloudSimple, a leading provider of secure, high performance, dedicated environments to run VMware workloads in the cloud.
Product TypeFlash Report HP’s Board Rejects Xerox’s $33.5 Billion Takeover Offer but Remains Open to Further Consideration Author Coresight November 19, 2019 HP's board rejected Xerox acquisition bid, saying the offer undervalues the company and is not in the interests of the shareholders.
Product TypeFlash Report Estée Lauder Continues International Growth in Skincare with Acquisition of Have & Be, Owner of Dr Jart+ Brand Author Coresight November 19, 2019 The Estée Lauder Companies will acquire Korean beauty company Have & Be. We discuss how this move, which follows Estée Lauder's 2015 minority stake investment, will give the company a foothold in the fast-growing Korean beauty sector.
Product TypeFlash Report Singles’ Day 2019: What We Saw from Alibaba Author Coresight November 11, 2019 Continuing our coverage of Alibaba’s Singles’ Day 2019 in China, we provide early sales updates from Hangzhou on November 11, including record-breaking milestones and increasing channel diversity for brand promotions.
Product TypeFlash Report With Comp Sales Declining, Gap Inc. CEO Steps Down, To Be Replaced by Gap Founder’s Son Author Coresight November 11, 2019 With comp sales declining, Gap Inc CEO steps down; company revises down guidance.
Product TypeFlash Report Google to Acquire Wearable Device Maker Fitbit for $2.1 Billion in Cash Author Coresight November 4, 2019 On November 1, 2019, Fitbit announced an agreement to be acquired by Google for $7.35 per share in cash, representing a deal value of approximately $2.1 billion.
Product TypeFlash Report Microsoft Acquires Cloud File-Migration Company Mover Author Coresight October 23, 2019 October 21, 2019, Microsoft announced in a blog post the acquisition of cloud file-migration company Mover, for an undisclosed figure, in a move that will make it easier for Microsoft clients to more easily migrate apps and data to cloud-based architecture.
Product TypeFlash Report Under Armour Appoints New CEO Author Coresight October 23, 2019 On October 22, 2019, Under Armour (UA) announced Patrik Frisk will become the company’s next Chief Executive Officer (CEO), effective January 1, 2020.
