Flash ReportMacy’s Announces New Three-Year Strategy, Closing Approximately 125 Stores Coresight Research February 5, 2020 Executive SummaryMacy’s announced a new three-year strategy to stabilize profitability and drive growth. The three-year strategy includes five pillars: strengthening customer relationships, curating quality fashion, accelerating digital growth, optimizing the store portfolio and resetting the cost base. Macy’s will prune 125 stores from its fleet of over 870, mostly in lower-tier malls. Macy’s will move its San Francisco macys.com headquarters to New York City, and will expand its technology presence in the Atlanta area. The company provided preliminary 4Q and full-year 2019 sales results and narrowed annual EPS guidance to the upper end of the range. This document was generated for
Insight ReportAI in Retail: Computer Vision for In-Store Inventory Management Coresight Research February 4, 2020 Reasons to ReadThis report, part of our AI in Retail series, discusses the use of computer vision in inventory management, covering the following topics: The process of computer vision-enabled inventory management and its technologies The benefits that computer vision provides retailers Selected use cases that illustrate how retailers are collaborating with technology providers to roll out computer vision systems for inventory management Click here to view more reports on AI in retail. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Deep DivePrivate Labels in US Beauty and Personal Care Coresight Research February 4, 2020 Reasons to ReadPrivate labels remain a hot topic in beauty, particularly in the skincare category. We consider the penetration of private labels in the US beauty and personal care sector over recent years and discuss the impact of contextual factors such as market fragmentation. In this report, we also explore the following key topics: New private-label product lines from leading retailers such as Amazon and Walmart Why private labels are important for retailers The advatanges that private labels offer retailers, giving them an edge over beauty brands Beauty private labels in the e-commerce sector Primary challenges for private labels and key things that retailers should consider when developing such a brand Initiatives being undertaken by global beauty brands to defend their market share Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Question of the WeekWhat Will Be the Major Trends in Global Retail in 2020? Coresight Research February 3, 2020 QUESTION OF THE WEEK: What Will Be the Major Trends in Global Retail in 2020? In 2020, Coresight Research predicts that evolving consumer preferences, shifting retail models and improved technical capabilities will drive changes in global retailing. We expect alternative retail models—such as rental and subscriptions—to entrench and mature, while inclusivity will move from marketing to product in areas such as plus-size and adaptive fashion. This document was generated for
Insight ReportThe Home Depot: A Timeline of Key Events Coresight Research February 3, 2020 Reasons to ReadHome Depot was founded on a vision of one-stop shopping for the do-it-yourself home repair and home improvement consumers, starting small with two stores in Atlanta—huge and cavernous (at the time) at around 60,000 square feet, dwarfing the competition. Now, Home Depot has: More than 2,200 stores in the US, Canada and Mexico. Nearly 400,000 employees. A typical store size of over 100,000 square feet. Click here to read our full collection of Retailers’ Timelines. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight ReportRetail in 2030: Lean, Spectacular, Transparent and Frictionless Coresight Research February 3, 2020 Reasons to ReadThe last decade was a time of tremendous upheaval in retail. We lay out our vision of what retail will look like in 2030. Our Future of Stores Matrix shows how physical retail will be reshaped in the coming decade to complement e-commerce by serving four purposes—convenience, collection, discount and destination. We discuss the future of the industry around four key themes: Lean retail Spectacular retail Transparent retail Frictionless retail Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Flash ReportCoronavirus Briefing: Potential Impact on China’s GDP, More Store Closures, Implications for Supply Chains Coresight Research February 3, 2020 Reasons to ReadWe continue our ongoing coverage of the coronavirus and outline the possible economic impact of the outbreak in China. We will follow up with further estimates in subsequent reports. The outbreak remains in its early stages, but is causing implications for global supply chains, including electronics. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak in China. This document was generated for
Analyst CornerWeinswig’s Weekly—February 2, 2020 Coresight Research February 2, 2020 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at Starbucks’ ambitious green goals. In the news this week: Vitamin Shoppe has teamed up with LA Fitness to open shops inside health clubs and has already opened in nine LA Fitness health clubs. UK retailer Planet Organic plans to more than double its store count in four years, from four to 10. Walmart’s India e-commerce platform, Flipkart, will work with the state of Gujarat to promote handicrafts from local artisans on its online marketplace. This document was generated for
Flash ReportEstée Lauder Announces Global Leadership Promotions at Two of Its Billion-Dollar Brands and Two of Its Developing Brands Coresight Research January 31, 2020 Executive SummaryOn January 30, 2020, the Estée Lauder Company announced leadership changes in four global positions, effective January 1, 2020. Justin Boxford has been promoted to Global Brand President of La Mer. Boxford led the brand as Global General Manager for three years, helping to lead it to over $1 billion in net sales in fiscal 2018. Philippe Pinatel has been promoted to Global Brand President at MAC Cosmetics. He previously served as Senior Vice President and Global General Manager. Deborah Royer has been promoted to Global Brand President and Chief Creative Officer of Le Labo. She previously served as Global General Manager and Chief Creative Officer at the brand. Christopher Wood was named President, North Asia of Dr. Jart+ and Do The Right Thing. Wood will take on brand leadership responsibilities following the completion of Estée Lauder’s acquisition of Have & Be, which owns the two brands. This document was generated for
Flash ReportH&M Appoints New CEO as Chairman Steps Down; Company Reports Profit Rise Coresight Research January 31, 2020 Executive SummaryH&M announced management changes and FY19 earnings. Stefan Persson will step down as H&M Chairman, to be replaced by current CEO Karl-Johan Persson—who in turn will be replaced by current Chief Operating Officer Helena Helmersson. Under Karl-Johan Perrson’s leadership, H&M grew store numbers aggressively, began selling online in most of its markets and launched a number of additional banners. But, after seeing growth slow, the company launched a turnaround plan in 2018. H&M reported its first annual rise in net profit since 2015. This document was generated for
Insight ReportPayment Technology: What We Saw at the NRF 2020 Big Show Coresight Research January 31, 2020 Reasons to ReadCoresight Research reviews some of the unstaffed checkout solutions on display at the recent NRF 2020 Big Show, featuring technology from Intel, Sensormatic and Toshiba—and a Hisense system that includes facial-recognition. Toshiba demonstrated frictionless store technology that works with existing store layouts. Sensormatic demonstrated a store platform that uses RFID to track goods. Public opinion against cashless solutions is gaining momentum, with bans in New York, San Francisco and Philadelphia. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2020, Week 5: Lucky’s Market and Papyrus File for Bankruptcy Coresight Research January 31, 2020 Reasons to ReadOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. We cover: What is happening in retail in the US and UK this week Year-to-date 2020 major US and UK store openings and closures 2020 major US retail bankruptcies New non-store-closure news This week, there are highlights from Gap, Lucky’s Market and Papyrus in the US and Hawkin’s Bazaar in the UK. Click here to view our full collection of Weekly US and UK Store Openings and Closures Trackers. Complementing our weekly Tracker report, the new Coresight Research Retail Store Databank offers our premium subscribers access to openings and closures data from 2012 to 2020 year to date, filterable by sector and year. Click here to view. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Flash ReportCoronavirus Briefing: Global Retailers, Brands and Tech Companies Offer Assistance Coresight Research January 31, 2020 Reasons to ReadWe continue our ongoing coverage of the coronavirus and its implications for business. This report outlines the potential economic impact of the ongoing coronavirus outbreak in China, which has since spread to other parts of the world. As the situation remains in flux, estimates and analysis are preliminary. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak in China. This document was generated for
Three Things You Need To Know: How Dollar Stores Are Gearing Up To Sustain Growth Coresight Research January 30, 2020 We present Three Things You Need To Know on How Dollar Stores Are Gearing Up To Sustain Growth. Find the full report here. This document was generated for
Insight ReportHoliday 2019: US Retail Wrap-Up Coresight Research January 30, 2020 Reasons to ReadWith a healthy holiday season now behind them, retailers are reporting results and looking towards the next year. The most recent holiday season saw: Healthy growth, although some performed better than others. Department stores continue to struggle. Over a third of consumers use BOPIS, with three retailers emerging as favorites. Click here to read Coresight’s coverage on US holiday retail and gain key retail insights for 2019 and prior years. Click here to view the 2019 US Holiday Recap Event Presentation. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
