Research | Coresight Research

Aldi and Lidl’s Impact in the UK: Reviewing Five Fightback Strategies Among Nondiscount Grocery Retailers

Coresight April 18, 2019

Aldi and Lidl have brought major disruption to the UK grocery market — and they could be on course to add another £9 billion of combined sales over the next five years. In this report, we review five measures major UK grocery retailers have taken to fight Aldi and Lidl, and how successful each has been.

Store Trackers

Weekly US and UK Store Openings and Closures Tracker 2019, Week 16: Aldi to Open 15 New Supermarkets; In the UK, Primark Opens World’s Largest Fashion Store

Coresight April 18, 2019

Year to date in 2019, US retailers have announced 5,994 store closures and 2,647 store openings. UK retailers have announced 322 store closures and 352 store openings.

Weinswig’s Weekly

WEINSWIG’S WEEKLY APRIL 19 2019

Coresight April 18, 2019

This week’s note “From the Desk of Deborah Weinswig” looks at the split in the millennial population: Not one demographic, now they are two.

Sector Overviews

Europe’s Legacy Retailers Squeezed by Muted Consumer Demand and Structural Shifts: Sector Overview — European Retail

Coresight April 17, 2019

This report covers European retailing, with a focus on the UK, Germany and France. Structural trends challenging middleground legacy retailers include an ongoing attrition of market share to online and discount channels.

Insight Reports

Insights from China: The Boao Forum for Asia and China’s Advocacy for an Open Economy

Coresight April 17, 2019

In our weekly series Insights from China, we examine issues that affect international brands and retailers in China. We cover areas such as policy, consumer behavior, consumer sentiment, government regulations and the competitive landscape — as they affect the business operations and future outlook.

Insight Reports

2019 Tax Tracker Week 10: Procrastinator’s Purgatory — Filings Still Down Slightly Just Three Days Before Tax Day

Coresight April 17, 2019

US income tax refund tracker: Filings are still down year over year, and average refund amounts are down slightly with three days to go until tax day.

Insight Reports

US Easter Preview 2019: Consumer Spending Estimated to Total $18.1 Billion This Year

Coresight April 17, 2019

Some 79% of US consumers plan to celebrate Easter this year and to spend a total of $18.1 billion on shopping related to the occasion, slightly short of last year’s total of $18.2 billion, according to an annual spending survey from the National Retail Federation (NRF) and Prosper Insights & Analytics.

Insight Reports

US Monthly Retail Traffic and In-Store Metrics Report: Traffic Decline Steepens in March

Coresight April 17, 2019

US store traffic declined 7.9% year over year in March. Year over year, the conversion rate fell 0.4 percentage points, average transaction value (ATV) grew 3.3% and the product return rate decreased by 0.3 percentage points.

Company Earning Updates

IBM (NYSE: IBM) 1Q19 Results: Mixed Results, Revenues Down for Third Consecutive Quarter, Reiterates Guidance

Coresight April 17, 2019

IBM reported down year-over-year revenues for the third quarter in a row but beat consensus EPS estimates and reiterated its annual guidance.

Company Earning Updates

L’Oréal (ENXTPA: OR) 1Q19 Update: Sales Growth Led by Luxe and Active Cosmetics Divisions, Plus New Markets

Coresight April 17, 2019

L’Oréal reported 1Q19 sales of €7.6 billion, an 11.4% increase on a reported basis, led by luxe and active cosmetics divisions, plus new market.

Event Coverage

Amazon House in A Box and 3D-Printed Fashion: Key Insights from Retail-Tech Events at Milan Design Week 2019

Coresight April 15, 2019

The Coresight Research team attended Milan Design Week during the weekend of April 12–14, 2019. In this report, we feature key insights from our visits to retail-tech-related events organized around the city.

Company Earning Updates

Fast Retailing (TSE: 9983) 1H19 Results: Revenues Up, but Company Lowers Profit Outlook for Second Half

Coresight April 15, 2019

Fast Retailing reported 1H19 revenues of ¥3 trillion ($11.4 billion), up 6.8%, and operating profit of ¥172.9 billion ($1.6 billion), up 1.4%. The company reported diluted EPS of ¥1,115.7 ($10.1), up 9.5% from the year-ago period.

Insight Reports

March 2019 US Same-Store Sales: Costco and Buckle Comps Show Sequential Improvement; Cato Comparable Sales Continue to Slide

Coresight April 15, 2019

Costco’s same-store sales growth showed a sequential strengthening, led by strong store traffic. Its e-commerce segment continued to post strong growth

Deep Dives

US Millennials and Grocery: An Aging Millennial Demographic is Creating an Older/Younger Divide

Coresight April 15, 2019

Younger millennials shop at mass merchandisers, spend on wellness and fitness, and try to buy consciously. Millennials aged 30+ are more likely than their younger peers to look for savings, shop at traditional supermarkets and buy groceries online.

Insight Reports

30 Global Retail Cities: Innovation Breaks Through Hong Kong’s Otherwise Conventional Shell

Coresight April 12, 2019

With this series, 30 Global Retail Cities, we profile the world’s major shopping cities – from fashion capitals such as Milan to shopping hubs such as Honolulu and Bermuda. We curated the top, most innovative retailers in each city, along with must-see shopping districts, major retail events innovative store formats.