Product TypeStore Closure Reports

Weekly Store Openings and Closures Tracker 2019, Week 11: Charlotte Russe Closing 500 Stores; Burlington Plans 50 New Stores; AEO to Open 60-75 Stores

Author Coresight March 15, 2019

Year to date, US retailers have announced 5,279 store closures and 2,395 store openings. This compares to 5,726 closures and 3,243 openings for the full year 2018. Year to date, UK retailers have announced 310 store closures and 327 store openings.

Product TypeWeinswig’s Weekly

WEINSWIG’S WEEKLY MARCH 15, 2019

Author Coresight March 15, 2019

This week’s note “From the Desk of Deborah Weinswig” discusses how blockchain technology could democratize operations and promote cooperation in retail.

Product TypeInsight Reports

January 2019 US Retail Sales: Retail Rebound, Supported by Strong Sales at Home-Improvement Stores

Author Coresight March 13, 2019

Total retail sales excluding fuel and automobiles increased 3.7% year over year in January, growing substantially from the revised 0.1% year-over-year decline reported for December.

Product TypeStore Closure Reports

Weekly Store Openings and Closures Tracker 2019, Week 10: Dollar Tree Plans 550 New Stores; Foot Locker Closing 165 Stores; Peloton to Open 100 Stores

Author Coresight March 8, 2019

Coresight 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.

Product TypeCompany Earning Updates

Kohl’s (NYSE: KSS) Fiscal 4Q18 Results: Revenues Down, Comps Up, Positively Impacted by Competitor Store Closures

Author Coresight March 7, 2019

Kohl’s reported 4Q18 revenues of $6.82 billion, down 3.3% year over year. The company reported 4Q18 EPS of $2.24, up 19.8% from the year ago period. Comparable sales on a shifted basis, increased 1% for the quarter and increased by 1.7% for the year.

Product TypeDeep Dives

Amazon Apparel: Annual US Survey Reveals Amazon Has Overtaken Walmart as America’s Most-Shopped Retailer for Apparel

Author Coresight March 4, 2019

Product TypeCompany Earning Updates

Nordstrom (NYSE: JWN) 4Q18 Results: Soft Traffic at Full-Price Stores Penalizes Sales

Author Coresight March 4, 2019

Nordstrom net sales declined 4.7% to $4.4 billion, comps declined 1.6% in full-price and rose 4% in off-price. Operating margin was flat at 7.6%. For 2019, the company expects net sales to grow 1-2%, lower than the consensus estimate of 2.8%, and EPS to be $3.65-3.90, in line with consensus of $3.67.

Product TypeCompany Earning Updates

Gap Inc. (NYSE: GPS) Fiscal 4Q19 Results: Gap and Old Navy to Split, 230 Stores to Close

Author Coresight March 4, 2019

Gap reported fiscal 4Q19 revenues of $4.6 billion, down 3% year over year and lower than the $4.7 billion consensus estimate. The company reported 4Q19 EPS of $0.72, up from $0.52 in 4Q18, but below the $0.68 consensus estimate.

Product TypeWeinswig’s Weekly

WEINSWIG’S WEEKLY March 1, 2019

Author Coresight March 1, 2019

This week’s note “From the Desk of Deborah Weinswig” discusses the adaptive clothing and footwear market, which represents a $47.3 billion opportunity in the US.

Product TypeStore Closure Reports

Weekly Store Openings and Closures Tracker 2019, Week 9: Southeastern Grocers Set to Close 22 Stores

Author Coresight March 1, 2019

Year to date in 2019, US retailers have announced 4,309 store closures and 1,586 store openings. UK retailers have announced 285 store closures and 327 store openings.

Product TypeCompany Earning Updates

JCPenney (NYSE: JCP) 4Q18 Results: Revenues Down, Comps Down, Closing 18 Full-Line Stores in 2019

Author Coresight March 1, 2019

JCPenney plans to close 18 full-line stores and nine ancillary home and furniture stores in 2019. 4Q18 revenues were $3.67B, down 9.5% YoY, below the consensus estimate of $3.72B.

Product TypeCompany Earning Updates

Best Buy (NYSE: BBY) Fiscal 4Q19 Results: Beats Consensus Estimates and Guides at or Above Consensus for FY20

Author Coresight February 28, 2019

Best Buy (BBY) reported a 4Q18 that beat expectations across the board, and 2019 guidance was in line. Comps were +3.0%, beating the +1.8% consensus. EPS was $2.72, beating the $2.56 consensus. Revenues of $14.8B also beat consensus. For 2019, BBY expects comps of +0.5%-2.5%, in line with consensus of +1.5%.

Product TypeInsight Reports

New Retail Briefing #4: Suning.com Expands to Department Stores, Alipay Available at Walgreens

Author Coresight February 26, 2019

“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond.

Product TypeStore Closure Reports

Weekly Store Openings and Closures Tracker 2019, Week 8: Payless Files for Bankruptcy, Set to Close 2,100 Stores

Author Coresight February 22, 2019

Year to date in 2019, U.S. retailers have announced 4,287 store closures and 1,586 store openings.

Product TypeWeinswig’s Weekly

WEINSWIG’S WEEKLY FEBRUARY 22, 2019

Author Coresight February 22, 2019

Amazon was among the retailers to report a slower holiday quarter: The company’s North America sales growth slowed from 35.0% in the third quarter to 18.3% in the fourth quarter. These figures exclude Amazon’s high-growth Amazon Web Services (AWS) business and, so, should closely reflect its retail and marketplace revenues.