August 3, 2018 Analyst Corner Register for Free Access Weinswig’s Weekly August 3, 2018This week’s note “From the Desk of Deborah Weinswig” discusses recent partnerships between retailers and tech companies.
August 3, 2018 Company Earnings Update Register for Free Access Clorox (CLX) Fiscal 4Q2018 Results: Company Beats on Earnings, Misses Revenue and Raises GuidanceClorox reported fiscal 4Q18 revenues of $1.69 billion, up 2.7% year over year and below the consensus estimate of $1.72 billion. Diluted EPS was $1.66, up 9.2% from the year-ago quarter and above the consensus estimate of $1.58.
August 3, 2018 Company Earnings Update Register for Free Access Baidu (BIDU) 2Q18 Results: Modest Revenue Growth, DuerOS Sees Bigger Installation BaseBaidu reported 2Q18 non-GAAP diluted earnings per ADS of ¥21.06, up from ¥13.58 in 2Q17. Revenues for the quarter reached ¥26.0 billion ($3.93 billion), up 24.4% year over year.
August 3, 2018 Company Earnings Update Register for Free Access Avon (AVP) 2Q18 Results: Misses Consensus Estimates, Big Plans for the Second HalfAvon Products reported 2Q18 adjusted EPS of $(0.02), missing the breakeven consensus estimate. Revenues were $1.35 billion, down 3.2% year over year, missing the consensus estimate of $1.40 billion.
August 3, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 31: Heritage Home Files for BankruptcyCoresight 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.
August 2, 2018 Insight Report Premium The Off-Price Report: TJX Companies, Ross Stores and Burlington Stores Set for Sustained Growth…but at Whose Expense?US off-price market leaders TJX Companies (which operates the T.J. Maxx and Marshalls banners), Ross Stores (which operates the dd’s Discounts and Ross Dress for Less banners) and Burlington Stores are expected to grow fast in the next few years. Consensus estimates suggest that, in aggregate, these three retailers will add an additional $13 billion in annual US sales between 2017 and 2021, equivalent to a 27% uplift. In this report, we analyze cross-shopping data, consumer profiles and geolocation data to explore which apparel rivals could lose out as these off-pricers grow.
August 2, 2018 Event Coverage Register for Free Access Brands Think Alibaba Offers More Protection Against Counterfeiting than Amazon and Other Top Takeaways from Cosmoprof North AmericaThis week, the Coresight Research team attended Cosmoprof North America 2018 in Las Vegas, where our CEO and Founder, Deborah Weinswig, presented during a panel session called “Rise of Pop-Ups (Pop-Up Push).” Cosmoprof is the leading B2B beauty trade show in North America, drawing over 33,000 attendees and 1,015 exhibitors from 39 countries. Here are our key takeaways from the second day of the event:
August 2, 2018 Company Earnings Update Register for Free Access Next (LSE: NXT) 2Q18 Trading Update: Exceptionally Hot Summer Buoys Sales GrowthBritish fashion retailer Next reported an increase of 2.8% in total full-price sales for the 12 weeks ended July 28, 2018.
August 2, 2018 Company Earnings Update Register for Free Access HanesBrands (HBI) 2Q18 Results: Misses on Earnings, Target Will Not Renew Champion Activewear DealHanesBrands reported 2Q18 revenues of $1.72 billion, up 4.2% year over year and beating the $1.71 billion consensus estimate. Adjusted EPS of $0.45 was down from $0.53 in the year-ago quarter, slightly below the $0.46 consensus estimate and at the midpoint of the company’s $0.44–$0.46 guidance range.
August 1, 2018 Event Coverage Register for Free Access Color Cosmetics Take a Backseat to Skincare, and Other Top Takeaways from Day One at Cosmoprof North America, Las Vegas ConferenceThe Coresight Research team is in Las Vegas attending and presenting at Cosmoprof North America 2018 held from July 28 to 31. Coresight Research Founder and CEO, Deborah Weinswig is presenting on the panel, “Rise of Pop-ups, the Pop-Up Push.” Cosmoprof is the leading business-to-business (B2B) beauty trade show in North America, drawing over 33,000 attendees and 1,015 exhibitors from 39 countries. Here are our key takeaways.
July 31, 2018 Insight Report Premium June 2018 US Retail Sales and Traffic: Steady Increase in YoY Total Retail Sales While Store Traffic Continues to DeclineOn a year-over-year basis in June, total retail sales increased by 6.4%, according to the US Census Bureau
July 31, 2018 Deep Dive Premium Deep Dive: DX Quality Outlet and the Off-Price Retail MarketThis report focuses on DX Quality Outlet (DX), a still-small but fast-growing off-price retailer in China that operates dozens of pop-up stores in cities across the country.
July 31, 2018 Company Earnings Update Register for Free Access Amazon (AMZN) 2Q18 Results: Falls Short on Revenues but Beats on EPSAmazon reported 2Q18 EPS of $5.07, handily beating the $2.49 consensus estimate and up 1,166% year over year. Revenues were $52.9 billion, up 39.3% year over year but short of the consensus estimate of $53.45 billion.
July 31, 2018 Insight Report Premium Quick Take: The Impact of Tariffs on US RetailIn this report, we review the import tariffs imposed by the US and China and their implications on the US retail industry.
July 31, 2018 Insight Report Premium June 2018 Monthly Consumer Update: US, UK and ChinaEach month, we round up key metrics reflecting consumer demand in the US, the UK and China. We focus on direct, leading indicators of the health of the consumer economy: wage growth, price changes and retail sales growth. Metrics for June include:
