Company Earnings Update | February 27, 2019 Register for Free Access Home Depot (NYSE: HD) 4Q18 Results: Misses on Revenues and Comps, Guides Below Consensus, Housing Starts and Permits DownHome Depot reported 4Q18 revenues of $26.49 billion, slightly the $26.58 billion consensus estimate. EPS was $2.09, up 37.2%. For the year, Home Depot reported FY18 revenues of $108.2 billion, up 7.2%, comps increased 5.2% globally and 5.4% in the US. EPS was $9.73, up 33.5%. Read More
Flash Report | February 27, 2019 Register for Free Access Marks & Spencer Confirms Joint Venture with OcadoThe UK’s Marks & Spencer and Ocado Group have confirmed that they are discussing a potential joint venture. A combined M&S-Ocado offering would offer M&S a way to sell online while circumventing the unfavorable economics of its typically small basket sizes. Read More
Company Earnings Update | February 26, 2019 Register for Free Access Associated British Foods (LSE: ABF) 1H19 Update: German Weakness Drags Down Eurozone Growth and Prompts Marketing InvestmentABF reported first-half comparable sales at Primark are expected to be down 2%, total sales to be up 4%, that Primark performed well in the UK with weak November store traffic but “good trading” in other months. The US business “continues to perform strongly.” Read More
Insight Report | February 26, 2019 Premium New Retail Briefing #4: Suning.com Expands to Department Stores, Alipay Available at Walgreens“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. Read More
Event Coverage | February 26, 2019 Register for Free Access Countdown to Shoptalk 2019: Startup Pitch Competition Participant Profile, Part 5 — ShoppingGives and FillogicThe Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas. The event brings together more than 8,000 attendees and more than 300 speakers to discuss rapid evolution of how consumers discover, shop and buy. Read More
Insight Report | February 26, 2019 Premium 2019 Tax Tracker #3: Tax Filings Continue to Narrow the Gap with Last YearThe US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis. As of February 15, the IRS had received 39.7 million tax returns, down 4.8% year over year. A total of 23.5 million refunds had been issued as of that date (down 26.5% year over year), totaling $62.0 billion (down 38.8% year over year) and averaging $2,640 (down $529 or 16.7% year over year). Read More
Question of the Week | February 25, 2019 Free Report Which US Age Group Is Most Willing to Pay More for Clothing Produced in an Environmentally Friendly Way?Question of the Week February 25 2019 – Which US Age Group Is Most Willing to Pay More for Clothing Produced in an Environmentally Friendly Way? Read More
Company Earnings Update | February 25, 2019 Register for Free Access Wayfair (NYSE: W) 4Q18 Results: Beats Consensus on Revenues and EPS; 1Q19 Guidance in LineWayfair reported 4Q18 revenues of $2.01 billion, operating margins down 173 bps, adjusted EBITDA of $(53.8) million and adjusted EPS of $(1.12). FY18 revenues were $6.8 billion, up 43.6%, adjusted EBITDA was $(215.0) million, adjusted EPS was $(4.09). Read More
Company Earnings Update | February 25, 2019 Register for Free Access Vipshop (NYSE: VIPS) 4Q18 Results: Active Customers Increase Thanks to WeChat Mini Programs, but Revenue Growth SlowsVipshop reported revenue of ¥26.1 billion for the fourth quarter of 2018, up 8.1% year over year. Revenue growth was driven by the increase in the number of total active customers and the apparel category. Gross profit for the quarter increased 2.8% year over year to ¥5.4 billion, while gross margin decreased 110 basis points to 20.6%. Read More
Event Coverage | February 25, 2019 Register for Free Access Countdown to Shoptalk 2019: Startup Pitch Competition Participants Profile, Part 4 — VisuWall and RetailDeepThe Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas. The event brings together more than 8,000 attendees and more than 300 speakers to discuss rapid evolution of how consumers discover, shop and buy. Read More
Event Coverage | February 22, 2019 Register for Free Access Countdown to Shoptalk 2019: Startup Pitch Competition Participants Profile, Part 3 — Tangiblee and RapitagThe Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas. The event brings together more than 8,000 attendees and more than 300 speakers to discuss rapid evolution of how consumers discover, shop and buy. Read More
Event Coverage | February 22, 2019 Register for Free Access Countdown to Shoptalk 2019: Startup Pitch Competition Participants Profile, Part 2 — Chatter and ShipsiThe Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas. The event brings together more than 8,000 attendees and more than 300 speakers to discuss rapid evolution of how consumers discover, shop and buy. Read More
Market Navigators/Market Outlook | February 22, 2019 Premium The US Adaptive Clothing and Footwear Market Represents a $47.3 Billion Largely Untapped OpportunityCoresight Research estimates the potential global adaptive apparel market will reach $288.7 billion in 2019 and grow to $349.9 billion in 2023. More brands and retailers are launching adaptive collections but the adaptive clothing and footwear market remains underserved. Read More
Company Earnings Update | February 22, 2019 Register for Free Access Loblaw (TSX: L) 4Q18 Results: Revenues Miss Expectations as Food Demand Proves “Moderate” and Pharmacy Sales Remain SoftLoblaw fourth quarter 2018 revenues miss expectations as food demand moderates and pharmacy sales remain soft. Full year revenues were up just 0.2% while EPS climbed a moderate seven cents per share. Read More
Store Tracker | February 22, 2019 Databank Members Weekly Store Openings and Closures Tracker 2019, Week 8: Payless Files for Bankruptcy, Set to Close 2,100 StoresYear to date in 2019, U.S. retailers have announced 4,287 store closures and 1,586 store openings. Read More
