Company Earnings Update | January 11, 2019 Register for Free Access B&M (LSE: BME) 3Q19 Trading Update: UK Growth Is Hit by a Tough NovemberB&M U.K reported a 1.6% decline in comparable sales, below the 0.9% growth in first half and missing the Street Account consensus of a 0.2% decline. After what the company called a “difficult November,” December B&M U.K. comps strengthened to 1.2%, while U.K. same-store cash gross margin was down in November but bounced back in December. Group sales grew 12.1% year over year to £1.09 billion, slightly above the consensus of £1.08 billion, while total U.K. sales grew 4.5% year over year to £874.5 million. B&M’s Jawoll chain in Germany grew revenues 5.5% at constant currency, while its Heron Foods chain in the U.K. grew revenues 12.6%. Read More
Analyst Corner | January 11, 2019 Register for Free Access WEINSWIG’S WEEKLY JANUARY 11, 2019Retailers in the U.S. may have enjoyed a bumper holiday season, but their counterparts elsewhere in the world have been experiencing greater uncertainty. In China, the pace of economic growth has slowed, while in Germany, shoppers have shown renewed caution. Meanwhile, in the U.K., details on Brexit remain unclear, even though the exit date is now less than three months away – raising the real possibility of a deal-less Brexit. Across the U.S., Europe and Asia, macroeconomic and political uncertainty threatens to persist for at least the first few months of 2019. In this week’s note, we look at four inflection points we expect could significantly impact the economy and consumer sentiment in various countries. Read More
Store Tracker | January 11, 2019 Databank Members Weekly Store Openings and Closures Tracker 2019, Week 2: Lidl and Wegmans to Open Three Stores While JCPenney Plans to Close Three StoresYear to date in 2019, U.S. retailers have announced 1,170 store closures and 1,176 store openings. Read More
Store Tracker | January 11, 2019 Databank Members Weekly Store Openings and Closures Tracker 2019, Week 1: Sears Confirms Closure of Additional 80 StoresIn the US, we recorded a total of 5,524 closures and 3,083 openings by major retailers over the course of 2018. Read More
Store Tracker | January 10, 2019 Databank Members Reviewing 2018 U.S. and U.K. Store ClosuresIn the U.S., major retailers closed 5,524 stores and opened 3,083 stores during 2018. By sector, apparel specialist stores led the pack with 766 closures; Payless ShoeSource contributed 408 of these closures. Read More
Event Coverage | January 10, 2019 Register for Free Access CES 2019 Day 4: Five Cool Things You Need to KnowAMD is currently giving Intel serious competition in the microprocessor wars, and announced several new processors — for desktops, servers, mobile and graphics — and AMD says this increased computing power will be needed to solve society’s challenges in education, healthcare, climate change and energy. Read More
Event Coverage | January 10, 2019 Register for Free Access CES 2019 Day 4 Takeaways: Innovative Technology Startups At CESThe Coresight Research team is in Las Vegas this week for CES 2019 (formerly, the Consumer Electronics Show). This year’s event features over 4,400 exhibiting companies, including standout startups alongside established companies. Read More
Company Earnings Update | January 10, 2019 Register for Free Access Sainsbury’s (LSE: SBRY) 3Q19 Trading Update: Lower Holiday Promotions Weigh on Top LineDespite the declines, CEO Mike Coupe believes grocery was “solid,” general merchandise outperformed the market and that clothing “performed well” in the quarter. General merchandise sales grew “strongly” over the “key Christmas weeks” (unspecified) and outperformed the market over the quarter — but sales declined in the quarter due to cautious spending by consumers and the company’s decision to reduce promotional activity around Black Friday. Read More
Event Coverage | January 9, 2019 Register for Free Access CES 2019 Day 3 Takeaways: Five Innovative Technology Startups at CESThe Coresight Research team is in Las Vegas this week for CES 2019 (formerly, the Consumer Electronics Show). This year’s event features over 4,400 exhibiting companies, including standout startups alongside established companies. Read More
Company Earnings Update | January 9, 2019 Register for Free Access Morrisons (LSE: MRW) Holiday Trading Update: Wholesale Drives Growth; Retail Sales Impacted by Uncertainty£700 million of annualized wholesale supply sales expected ahead of initial end-2018 guidance. £1billion of annualized wholesale sales expected “in due course.” Further £4 million of incremental profit from wholesale, services, interest and online. In the second half, management expects lower costs of both Morrisons.com expansion and accelerated wholesale supply. Net debt will remain at a low level, consistent with the company’s capital discipline and the principles of capital allocation. Read More
Event Coverage | January 9, 2019 Register for Free Access The 4th New Economy Think Tank Summit: Three Things You Need to KnowThe Coresight Research team was in the room when some of China’s most innovative, tech-focused retailers came together for the fourth New Economy Think Tank Summit by AliResearch, the research arm of Alibaba. The Speakers included Min Wanli, Chief Machine Intelligent Scientist, Alibaba; Chen Weiru, Executive Director of Alibaba Industrial Internet Center; Liu Song, Vice President, Alibaba Group; Gao Hongbing, Vice President, Alibaba Group, Director of AliResearch; Steven Zhang, Vice President of Alibaba DingTalk; Ma Mingjie, Director General of Research Department of Innovation, The State Council Development Research Center; and, Michael Irwin Jordan, Professor at the University of California, Berkeley and Chair of Ant Financial Scientific Advisory Board. Read More
Event Coverage | January 9, 2019 Register for Free Access CES 2019 Day 3: Five Cool Things You Need to KnowAI promises to make businesses smarter and free humanity of many mindless, repetitive jobs. This means people who do mindless, repetitive tasks will need to find something else to do. The good news is, AI will also create new, higher-skilled jobs, such as building and maintaining the AI systems. Read More
Event Presentation | January 9, 2019 Premium Understanding the Asian Retail Market (CES)This presentation describes Coresight’s CORE framework for AI in retail plus eight things we can learn from China. Read More
Market Navigators/Market Outlook | January 8, 2019 Premium Sector Overview: European Retail — Germany’s Shoppers Cut BackApparently alarmed by world events such as Brexit and tariff wars, and in a context of slowly climbing inflation, German consumers have retrenched their discretionary spending. Read More
Event Coverage | January 8, 2019 Register for Free Access CES 2019: Five Innovative Technology Startups From Day 2Chronolife has a device to help people with chronic or congestive heart failure (CHF) by anticipating medical emergencies with its wearable Chronolife vest. The Parcel Guard is a smart mailbox designed to prevent “porch pirates” — people who steal packages from your front porch. P&G Ventures, Procter & Gamble’s startup division, unveiled at-home skincare device Opté Precision Skincare System (Opté). Capstone Connected Home launched the Smart Mirror, a mirror integrated with Google Assistant with touchscreen capabilities. The Bread Bot, developed by Wilkinson Baking Company, a fully automated robotic bread-making machine that bakes and sells bread like a vending machine. Read More
