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.
The Office for National Statistics (ONS) reported a strengthening of year-over-year retail sales growth to 7.2% in April, with a 7.4% increase in volumes.
Vipshop reported 1Q19 revenues of ¥3 billion, up 7.3% year over year and beating the consensus estimate of ¥20.5 billion.
BJ’s Wholesale Club reported 1Q19 adjusted EPS of $0.26, up 63.8% and beating the consensus estimate $0.25. Revenues were $3.14 billion, up 2.7% and ahead of the $3.05 billion consensus estimate.
Home Depot reported 1Q19 adjusted EPS of $2.28, up 9.4% and beating the consensus estimate of $2.20. Revenues were $26.38 billion, up 5.7% and marginally ahead of the $26.35 billion consensus estimate.
B&M reported FY19 total sales of £3.49 billion up 15.1% year over year and ahead of the consensus estimate of £3.44 billion recorded by StreetAccount.
Best Buy reported 1Q20 results that beat consensus comp and EPS estimates and reiterated its full-year guidance. There will be a management change In June, with the CEO becoming executive chairman.
M&S reported FY19 total sales of £10.4 billion, down 3.0% year over year, and roughly in line with the consensus estimate by StreetAccount.
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.
This week’s note “From the Desk of Deborah Weinswig” looks at the changes in luxury as the business seeks to keep up with the fast-shifting consumer landscape.
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 week, we look at China’s slowing economic growth.
US store traffic declined 5.0% year over year in April. The conversion rate advanced 0.1 percentage points, average transaction value (ATV) fell 3.2% and the product return rate was flat year over year.
On May 20, 2019, Ascena Retail Group announced the closure of its Dressbarn business.
Urban Outfitters reported 1Q19 revenues of $864.4 million, above the consensus estimate of $854.7 million and up 1.1% YoY. The company launched Nuuly, a a monthly subscription rental service.
Target reported 1Q results that beat consensus estimates. Comps increased 48% and e-commerce revenues increased 42%. The company reiterated its 20-19 guidance
