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.
In this report, we review year-to-date announced store closures and openings in the US, by sector.
Unicharm reported 2Q19 net sales of ¥173.9 billion, up 5.5% year over year and broadly in line with the consensus estimate of ¥173.5 billion.
Fast retail is Coresight Research’s term for a new approach to retail featuring shorter leases, more shared spaces and more short-term stores. In this report, we profile the prevailing major fast retail formats in the US, ranging from pop-ups to marketplaces.
Clorox reported net sales of $1.6 billion for the three months ended June 30, 2019, down 3.8% year over year, driven by lower sales volume and unfavorable foreign exchange rates. For fiscal 2019, Clorox reported sales growth of 1% to $6.2 billion and a 1% increase in diluted EPS to $6.32.
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.
P&G reported net sales of $17.1 billion for the fourth quarter of fiscal 2019, an increase of 3.6% compared to the same period last year. Organic sales were up 7% versus last year.
Colgate-Palmolive reported net sales of $3.87 billion for the three months ended June 30, 2019, down 0.5% year over year and below the consensus estimate of $3.88 billion. Organic sales were up 4.0% year over year due to increased volume and pricing.
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.
Unilever reported revenue of €26.13 billion, slightly above the consensus of €26.06 billion and down 0.9% year over year.
Kimberly-Clark reported net sales of $4.6 billion for the second quarter of 2019, a decrease of 0.2% compared to the same period last year and roughly in line with consensus estimates recorded by StreetAccount
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.
New Retail is blurring the online and offline commerce in China. We review recent developments in New Retail in eight retail and consumer sectors: e-commerce; consumer electronics; fashion; fast-moving consumer goods and supermarkets; cosmetics and beauty; furniture and home improvement; department stores; and, local services.
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.
Coresight Research tracks news about store closures, openings and bankruptcies. Our Weekly US and UK Store Openings and Closures Tracker focuses on department stores and specialty retail stores, including, but not limited to, those selling softlines, hardlines, consumer electronics, groceries and furniture.
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.
