Product TypeFlash Report Gap Scraps Old Navy Spin-Off; Moderately Raises Its Fiscal 2019 Outlook Author Coresight January 17, 2020 On January 16, Gap Inc. announced that it had canceled its plans to spin off the Old Navy business, citing investors’ concerns over the complexity of the separation and softer business performance of the brand. Gap Inc. has raised its fiscal year 2019 outlook moderately, owing to better-than-expected promotional levels over the holiday period.
Product TypeFlash Report Holiday Letter Author Coresight December 23, 2019 In 2020, we will further enhance our data offerings, make additional improvements to the look, feel and functionality of our website and continue to focus on the future of the store (our BEST framework), AI in retail (our CORE and SCORE frameworks) and payments.
Product TypeFlash Report Double 12 Shopping Festival 2019 Wrap-Up Author Coresight December 20, 2019 E-commerce platforms and offline merchants celebrated China’s last major shopping festival of the year, Double 12, on December 12. We provide highlights from this year’s festival, including the promotions and performance of Alibaba’s Taobao and Tmall, the popularity of livestreaming, Alipay’s partnership with offline merchants and the strong consumption in lower-tier cities experienced by JD.com.
Product TypeFlash Report Intel Acquires Israeli AI Chipmaker Habana Labs for $2 Billion in Cash Author Coresight December 17, 2019 Intel pushes further into AI with acquisition of Israeli chipmaker Habana Labs for $2 Billion in cash. AI is a fundamental technology for deploying machine learning to enable predictive analytics, customization and personalization in retail. Intel is accelerating development and filling gaps in its product portfolio to be a major player in the AI hardware sector.
Product TypeFlash Report Kroger and Walgreens Deepen Year-Old Partnership with Purchasing Alliance Author Coresight December 13, 2019 New Walgreens-Kroger alliance seeks to cut costs, enhance efficiency—and fend off the ever-encroaching Amazon menace. The two companies will buy more products together, sell one another’s private labels and integrate supply chains.
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.
