Coresight Research helps retail clients accelerate innovation and growth. We focus on disruption at the intersection of retail and technology – and help you understand what it means for your business. Coresight Research has a global presence spanning the US, Europe and Asia, including deep expertise in the China market.
Estée Lauder reported 4Q19 revenues of $3.6B, up 9% YoY compared to $3.3B in the prior-year period. Adjusted, non-GAAP (EPS) were $0.68, compared to $0.61 in the year ago quarter, up 12%.
In this report, we review year-to-date announced store closures and openings in the US, by sector.
Costco’s global same-store sales growth marginally improved from June, but missed the consensus estimate. Its e-commerce growth accelerated to 21.3% in July, from June’s 15.7%.
This is the second report in our US Back-to-School series for 2019. Here, we assess the digital trends that we expect to see this shopping season.
The Coresight Research team was in Las Vegas for Cosmoprof North America 2019. The three-day event was jammed with opportunities to see the latest trends in the industry and learn from key players how they’re using new strategies to tap the potential of the fast-changing market.
In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.
Most Coresight 100 retailers witnessed a decline in consumer spending, which translated into poor sales and inventory buildup in comparison to the same quarter last year. Tariffs and strategic investments also drove inventory accumulation.
L’Oréal 1H19 revenues grew 11% and adjusted EPS grew 7% year over year, both in-line with the StreetAccount estimates.
The Coresight Research team attended Cosmoprof North America 2019 in Las Vegas. The theme for the wrapup report covers innovative amd emerging brands.
Dufry reported 1H19 net sales of CHF 4.1 billion, up 2.1% year over year and in line with the consensus estimate recorded by StreetAccount.
The Coresight Research team attended Cosmoprof North America 2019 in Las Vegas. The theme for day two was CBD: all retailers want in on the trend.
The Coresight Research team attended Cosmoprof North America 2019 in Las Vegas. The theme for day one was, “Beauty with a conscience is driving innovation across all beauty categories.”
In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.
US store traffic declined 5.8% year over year in June. The conversion rate (CVR) advanced 0.3 percentage points, average transaction value (ATV) grew 4.7% and the product return rate advanced 0.2 percentage points.
Store closures continued this week, with Charming Charlie announcing it will close all 261 of its stores as its core business is squeezed by increasing competition that is erasing its raison d’etre.
