April 26, 2018 Insight Report Premium Nordstrom Opens a Men’s Store in NYC, Offering Premium ServicesOn April 12, Nordstrom opened its first department store in New York City, a Men’s Store on West 57th Street in Manhattan.
April 26, 2018 Company Earnings Update Register for Free Access Boohoo Group (LSE: BOO) FY18 Results: Sales Nearly Double and Profits Jump on AcquisitionsBoohoo.com reported a 96.8% jump in revenues to £579.8 million in FY18, slightly above the consensus estimate of £574.9 million, as recorded by S&P Capital IQ, and above the guidance provided previously.
April 24, 2018 Insight Report Premium Three Shifts Driving US Grocery M&A ActivityFrom Amazon’s purchase of Whole Foods Market last year to Southeastern Grocers’ bankruptcy filing in March, we have seen a flurry of activity in the US grocery market in recent months. In this report, we discuss these corporate developments and note three trends driving mergers and acquisitions (M&As) in grocery. The sector is shifting:
April 20, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 16: Liquidators Awaiting Approval to Wind Down All Bon-Ton StoresYear-to-date 2018, the number of US store closure announcements stands at 3,335 and the number of store openings is 1,699. Year to date in the UK, there have been 313 store closure announcements and 491 store opening announcements.
April 18, 2018 Event Coverage Register for Free Access World Retail Congress 2018, Day 1: Hearing About the “Retail Apocalypse,” Chinese Retail and the Need for Change in Brick-and-MortarThe Coresight Research team is attending World Retail Congress 2018 in Madrid this week. Here are our top takeaways from day one of the conference:
April 18, 2018 Event Coverage Register for Free Access Key Takeaways from the JD.com AI Innovation SummitThe Coresight Research team attended the AI Innovation Summit hosted by JD.com in Beijing, China, on April 15. JD.com has been at the forefront of artificial intelligence (AI) research and application in China and its inaugural AI summit was attended by top scientists, industry analysts, retail executives and technology professionals.
April 18, 2018 Company Earnings Update Register for Free Access Groupe Casino (EPA: CO) 1Q18 Trading Update: French Food Sales, Hypermarkets Help PerformanceGroupe Casino reported a 3.8% decline in sales in 1Q18 to €8.90 billion, slightly below the consensus estimate of €8.91 billion, and impacted by foreign-exchange effects of (7.7)%.
April 17, 2018 Insight Report Premium US Online Grocery Consumer Survey: Amazon Is the Most-Shopped Retailer, but Not Yet a Full-Order Grocery DestinationIn this report, we share our top takeaways from our latest consumer survey, which looked at the online grocery market in the US.
April 17, 2018 Event Coverage Register for Free Access Insights and Drinks: Retail, E-Commerce & Logistics Co-Hosted by Vectr and CoresightE-commerce is about a new business model to solve the pain points of existing retail channels.
April 17, 2018 Insight Report Premium March 2018 US Same-Store SalesSame-store sales for the group improved in March, and Costco, Cato and L Brands all reported positive comps for the month. Costco and L Brands beat comp estimates.
April 13, 2018 Company Earnings Update Register for Free Access L’Oréal (ENXTPA: OR) 1Q18 Trading Update: Buoyant Chinese Demand Fuels Strong Comp GrowthL’Oréal reported 1Q18 comp growth of 6.8%, ahead of expectations and an improvement over the prior quarter’s growth.
April 13, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 15: Nine West Declares Bankruptcy; Adidas Plans to Close StoresCoresight Research tracks store openings and closures for a select group of retailers in the US and the UK, as well as major US store bankruptcies.
April 12, 2018 Company Earnings Update Register for Free Access TESCO (LSE: TSCO) FY18 Results: Profits Surge as Turnaround Efforts ContinueTesco announced a net profit of £1,208 million for FY18, representing a significant rebound from last year’s loss of £54.0 million. Revenues increased by 2.8% to £57,491 million.
April 12, 2018 Company Earnings Update Register for Free Access Carrefour (ENXTPA: CA) 1Q18 Trading Update: Very Weak Quarter as Growth Slows in All Regions and French Comps Turn NegativeCarrefour grew first-quarter sales by just 0.4% on a comparable basis. Total sales fell by 2.4% at current exchange rates.
April 12, 2018 Company Earnings Update Register for Free Access ASOS (AIM: ASC) 1H18 Results: Revenues and Profits Surge as Site Visits Pass Billion MarkASOS reported 1H18 group revenue growth of 27.1%. At constant currency, revenues grew by 25.0%.
