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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.
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.
This report reviews the most recent quarterly earnings for (mostly) US-based companies in the Coresight 100, our focus list of retailers, brand owners and real estate firms.
Each month, we round up key metrics that reflect consumer demand in the US, the UK and China. In these updates, we focus on direct, leading indicators of the health of the consumer economy: wage growth, price changes and retail sales growth.
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.
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.
In this report, we explain the buy online, return in store (BORIS) model in detail and assess how some US retailers are using this service to enhance their omnichannel retailing.
RH (formerly Restoration Hardware Holdings Inc.) is a U.S. retailer specializing in home furnishings, headquartered in Corte Madera, California. The company offers a range of products in categories that include furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings.
Williams-Sonoma Inc. is a US-based multichannel specialty retailer of home and kitchenware products. Headquartered in San Francisco, California, the company operates stores in the US, including Puerto Rico; Canada; Australia; and the UK.
RH reported 2Q19 revenues of $706.5 million, up 10.3% year over year and beating the $669.3 million consensus estimate.
The company aims to drive profitable sales and maintain an expense-reduction culture. It expects these efforts to generate significant cash flow from operations over the next three years. At the same time, management remains committed to investing in the business and returning excess cash to shareholders.
Home Depot’s strategic framework rests on three pillars: customer experience, product authority, and productivity and efficiency driven by effective capital. The overall goal is to provide an interconnected retail experience to drive value in a rapidly evolving retail landscape.
Wayfair Inc. is a U.S.-based e-commerce company that offers more than 10 million products from over 10,000 suppliers. Incorporated on Aug. 8, 2014, the company specializes in home products, offering a large selection of furniture, décor, decorative accents, housewares, seasonal decor and other home goods. Wayfair operates in two reporting segments, U.S. and International. Most products are shipped to customers directly from suppliers, but the proportion of products shipped through its own logistics network continues to grow. As of Dec. 31, 2017, Wayfair employed 7,751 full-time staff.
Williams-Sonoma reported fiscal 2Q19 revenues of $1.37 billion, up 7.5% year over year, beating the StreetAccount estimate. Adjusted earnings per share (EPS) were $0.87, up 13.0% from the year-ago period and ahead of the consensus estimate of $0.83.
Lowe’s reported 2Q19 adjusted EPS of $2.15, up 3.9% and comfortably beating the $2.00 consensus estimate. Revenues were $20.99 billion, up 0.5% and ahead of the $20.93 billion consensus.
