March 28, 2018 Insight Report Premium Easter Spending Forecast to Hit $18.2 Billion This Year, the Second-Highest Total in NRF Survey HistoryAccording to an annual spending survey from the National Retail Federation (NRF) and Prosper Insights & Analytics, 81% of Americans plan to celebrate Easter this year and to spend a total of $18.2 billion on items related to the holiday, down slightly from last year’s record total of $18.4 billion.
March 28, 2018 Insight Report Premium Digital Red Packets: WeChat’s Successful Foray into Mobile PaymentSending and giving red packets, or red envelopes, containing cash is a long-held Chinese tradition at Lunar New Year. Leveraging on this, WeChat, China’s most-used messaging app, introduced a function to send digital red packets back in 2014.
March 28, 2018 Company Earnings Update Register for Free Access H&M (STO: HM-B) 1Q18 Results: Cold Weather and Markdowns Hamper Sales and Profit GrowthSwedish fashion group H&M announced absolute sales and profit data for 1Q18 on March 27. The company had already announced 1Q18 revenue growth on March 15.
March 27, 2018 Flash Report Register for Free Access Walmart’s Jet.com Appoints Tesco Veteran Simon Belsham as PresidentSimon Belsham, a veteran of the UK online grocery industry, has been appointed President of Walmart-owned Internet pure play Jet.com.
March 27, 2018 Market Navigators/Market Outlook Premium Opportunity in the US Plus-Size Apparel MarketThe women’s plus-size apparel market has been growing faster than the apparel market overall in the US, and analysts predict that the segment will continue to grow faster than the overall clothing market in coming years.
March 27, 2018 Insight Report Premium Beauty Tech Comes of AgeL’Oréal announced that it is acquiring ModiFace, a Canadian company that creates augmented reality and artificial intelligence technologies for the beauty industry.
March 26, 2018 Insight Report Premium Toys“R”Us Closures: Exclusive Coresight Research Survey Suggests Big Gains for Walmart and TargetToys“R”Us looks set to close all 800 of its US stores, following its bankruptcy filing. To assess which other toy retailers are likely to gain from the chain’s closure, we conducted a proprietary consumer survey among US toy shoppers.
March 26, 2018 Flash Report Register for Free Access Marks & Spencer Appoints Retail Veteran Stuart Machin as Managing Director of FoodMarks & Spencer (M&S) announced that it has appointed retail veteran Stuart Machin to the newly created role of Managing Director of Food.
March 23, 2018 Analyst Corner Register for Free Access Weinswig’s Weekly March 23, 2018This week’s note “From the Desk of Deborah Weinswig” reviews the landscape of startups that are tackling the retail returns problem.
March 23, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 12: Toys“R”Us, Southeastern Grocers and Claire’s File for BankruptcyYear-to-date 2018, the number of US store closure announcements stands at 3,164 and the number of store openings is 1,699. Year to date in the UK, there have been 221 store closure announcements and 491 store opening announcements.
March 23, 2018 Insight Report Premium February 2018 UK Retail Sales: Solid Growth SustainedUK retail sales grew by 3.4% year over year in February, level with the rate seen in January. Year-over-year volume growth nudged up from 0.6% in January to 0.8% in February.
March 23, 2018 Company Earnings Update Register for Free Access Five Below (FIVE) 4Q17 Results: Beats on Top and Bottom Lines, Announces Share RepurchaseFive Below reported 4Q17 revenues of $504.8 million, up 30.1% year over year and beating the consensus estimate of $502.7 million. Diluted EPS was $1.21, beating the $1.16 consensus estimate.
March 23, 2018 Insight Report Premium February 2018 US Retail Sales and TrafficAccording to the US Census Bureau, US retail sales declined by 0.1% month over month in February on a seasonally adjusted basis, representing a three-month decline.
March 22, 2018 Event Coverage Register for Free Access Shoptalk 2018: Day 4 Takeaways—Radical Retail, Anti-Amazon AI and Supply-Chain StartupsThe Coresight Research team is in Las Vegas this week, attending and participating in the Shoptalk 2018 conference held March 18–21. In this report we share our key takeaways from the fourth day of the conference, which include:
March 22, 2018 Company Earnings Update Register for Free Access GUESS (GES) Fiscal 4Q18 Results: Beats and Guides Ahead of ConsensusGuess reported fiscal 4Q18 adjusted EPS of $0.62, up 46.3% year over year and beating the $0.54 consensus estimate. Revenues were $792.2 million, up 17.5% year over year and beating the $755.6 million consensus estimate.
