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.
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.
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.
On June 10, Grocery Outlet Holding announced the pricing for its initial public offering (IPO). We look at the company’s business, its initial public offering and competitors in the discount grocery segment.
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.
Ollie’s reported 1Q19 revenues of $324.9 million, up 17.8% and beating the $319.2 million consensus estimate. Adjusted EPS was $0.46, up 12.5% and beating the consensus estimate by 2 cents.
Five Below reported 1Q19 revenues of $364.8 million, up 23.1% year over year and beating the $364.2 million consensus estimate.
Big Lots reported 1Q19 revenues of $1.30 billion, up 2.2% year over year and marginally above the $1.29 billion consensus estimate. Adjusted EPS was $0.92, down 3.2% but beating the $0.70 consensus estimate.
Millennials, born between 1980 and 2000, are particularly important for the beauty market due to the sizeable consumer base they represent and their growing spending power.
Dollar Tree reported 1Q19 revenues of $5.81 billion, up 4.6% year over year and slightly above the consensus estimate of $5.78 recorded by StreetAccount. Adjusted EPS was $1.14, down 4.1% and in line with the consensus
Dollar General reported 1Q19 revenues of $6.62 billion, up 8.3% year over year and marginally above the $6.57 billion consensus estimate. Adjusted EPS was $1.48, up 8.8% year over year and beating the $1.39 consensus estimate
On May 20, 2019, Ascena Retail Group announced the closure of its Dressbarn business.
Carrefour SA is a French multinational retailer of groceries and general merchandise that operates a network of hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce websites.
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.
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.
