Insight ReportSingles’ Day Preview: What’s New for Double 11 2019? Coresight Research October 28, 2019 Reasons to ReadThe 11.11 Global Shopping Festival (also widely referred to as Singles’ Day or Double 11) is coming soon. Held annually on November 11, the once small Alibaba-invented shopping holiday has ballooned quickly to become the world’s largest shopping festival. With the 24-hour shopping extravaganza just few weeks away, Chinese e-commerce giants are already actively promoting and preparing for the event. We look at what’s new this year. E-commerce giants are eyeing lower-tier cities as the biggest growth opportunity, leveraging group buying platforms and launching consumer-to-manufacturer products. Livestreaming is becoming a must-have marketing toolto engage with customers and promote products. While discounts are a hallmark of Singles’ Day, this year merchants are focusing more on enhancing the overall customer shopping experience. Click here to read more Coresight coverage of Singles’ Day for 2019 and prior years. 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 ReportBuy Online, Pick Up In Mall: Mall Operators Take BOPIS to the Next Level Coresight Research October 28, 2019 Executive SummaryWe analyze the buy online, pick up in mall (BOPIM) model, and assess how some global shopping-center operators are using this service to draw traffic to their malls. BOPIM has been trialed or adopted by a number of global mall owners as it drives traffic and provides cross-selling opportunities for their tenants. Mall owners can operate BOPIM themselves or partner with third-party fulfillment companies. Where shopping centers manage BOPIM themselves, they will see a whole new internal logistics operation. Like the retailers that are their tenants, these malls must stand ready to fulfil orders smoothly and efficiently. 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 2019, Week 43: Destination Maternity Files for Chapter 11 Bankruptcy Protection Coresight Research October 25, 2019 Executive SummaryOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019. So far this year, US retailers have announced 8,993 store closures and 3,780 store openings. This compares to 5,844 closures and 3,258 openings for the full year 2018. Year to date, UK retailers have announced 498 store closures and 648 store openings. 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
Analyst CornerWeinswig’s Weekly Oct 25 2019 Coresight Research October 25, 2019 Executive SummaryOctober 25, 2019 This week’s note “From the Desk of Deborah Weinswig” looks at how loyalty programs not only boost shopper engagement – but also drive greater spend. In the news this week UPS signed an agreement with CVS Health for drone delivery of prescription drugs and over-the-counter products. Burberry has launched an online game called B Bounce, the first time the luxury brand has offered a gaming experience on Burberry.com. Walmart CEO Doug McMillon wrote to Indian Prime Minister Narendra Modi asking for a more open and stable regulatory system in India for global retailers. This document was generated for
Insight Report30 Global Retail Cities: Detroit Coresight Research October 25, 2019 Executive SummaryWith this series, 30 Global Retail Cities, we profile the world’s major shopping cities—from fashion capitals such as Milan to shopping hubs such as Honolulu. We curated the top retail stores in each city, along with must-see shopping districts, major retail events innovative store formats. Highlights: Detroit became the first US city to be named a UNESCO “City of Design” in 2015. The annual Eastern Market After Dark event allows local Detroit designers and entrepreneurs to showcase their creations and ideas during the city’s month of design. Located on Canfield Street, Shinola is a Detroit-based luxury retailer that sells handcrafted watches, bicycles, leather goods and jewelry. The store has an in-house café and florist. 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 ReportKey Festivals and Holidays for Promotional Campaigns in India in 2020: Calendar Coresight Research October 24, 2019 Executive SummaryIndia sees a number of festivals and holidays that retailers and brands can tap with marketing and promotional campaigns. Use our 2020 calendar to plan your marketing and sales strategies for the India market. 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
Company Earnings UpdateKimberly-Clark (NYSE: KMB) 3Q19 Results: In-Line Sales, Beats on EPS, Raises Fiscal 2019 EPS Guidance Coresight Research October 24, 2019 Executive Summary Kimberly-Clark reported net sales of $4.64 billion for the third quarter of 2019, an increase of 1.3% compared to the same period last year and roughly in line with the consensus estimates of $4.65 billion. Organic sales were up 4% versus last year. The personal care segment recorded the highest net sales of $2.3 billion, followed by the consumer tissue segment at $1.5 billion and the K-C Professional segment at $839 million. The personal care segment recorded the highest organic sales growth at 5%. Kimberly-Clark raised its fiscal 2019 adjusted earnings per share guidance to $6.75-6.90, compared to the prior guidance of $6.65-6.80. This document was generated for
Company Earnings UpdateProcter & Gamble (NYSE: PG) 1Q20 Results: Innovation and Increased Pricing Drive Growth Coresight Research October 24, 2019 Executive Summary Proctor & Gamble (P&G) reported net sales of $17.8 billion for the first quarter of fiscal 2020, an increase of 6.6% compared to the same period last year. Organic sales were up 7% versus last year. The beauty segment recorded the highest organic sales growth of 10% year over year, followed by the health care segment with 9% year-on-year organic sales growth. Net sales in the two segments were $3.6 billion and $2.2 billion, respectively, in the first quarter of fiscal 2020. For fiscal year 2020, P&G changed its target for both organic sales growth and net sales growth to the range of 3-5%. This document was generated for
Insight ReportHow Target Leveraged its Direct Sourcing Strategy as a Competitive Differentiator Coresight Research October 24, 2019 Executive SummaryIn this report, we look at the key elements of Target’s direct sourcing strategy that have helped the company successfully build its collection of private labels. In the year ended January 2019, owned and exclusive brands accounted for around one-third of Target’s total sales. Part of Target’s success in private label has been building direct sourcing networks – especially from suppliers in China. Target has also focused for many years on sustainability initiatives that include operations, its stores and of course, supply chain – providing Target with the opportunity for greater customer loyalty as consumers expect retailers to be socially responsible (in an ESG, Environmental, Social and Governance framework). 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 ReportMicrosoft Acquires Cloud File-Migration Company Mover Coresight Research October 23, 2019 Executive SummaryOn October 21, 2019, Microsoft announced in a blog post the acquisition of cloud file-migration company Mover, for an undisclosed figure. Mover is a leading provider of cloud file migration, including admin-led and self-service offerings. Mover aims to streamline the process of transferring user’s data to the cloud. Users can use Mover to change cloud-storage providers, back up website or files. The company is headquartered in Edmonton, Canada, has fewer than 11 employees and has raised less than $1 million in funding, according to Crunchbase. Owler estimates its annual revenue at $5.2 million. The Mover acquisition marks Microsoft’s ninth acquisition this year, according to data from S&P Capital IQ. Microsoft is making acquisitions in a several diverse areas, including data migration, business intelligence, coding, games and security. This document was generated for
Deep DiveRetailTech: ERP Software—the Nervous System of Modern Enterprises Coresight Research October 23, 2019 Executive SummaryFrom its origins in manufacturing, enterprise resource planning (ERP) software has evolved to become critical to almost every aspect of running a business – and offers key functions for retail. ERP software is the central nervous system of an enterprise, interconnecting supply chain, commerce, inventory, warehousing, fulfillment, analytics and finance. Initially focused on manufacturing, ERP has added additional functions to address nearly every aspect of business, including human resource management and customer-relationship management (CRM). Sector leaders are global enterprise companies such as Microsoft, Oracle and SAP, though there are several niche ERP software providers. Salesforce is the leading provider of CRM software. The US ERP market is estimated at $16.4 billion in 2019 and is projected to grow at a CAGR of 4.2% during 2016-2021, according to Statista. The US CRM market is slightly larger and growing faster. ERP is an essential tool for retailers to become more efficient, flexible and innovative to combat the steady encroachment of e-commerce and a volatile consumer landscape characterized by a dramatic increase in the number of available distribution channels and rapidly changing consumer preferences. The ERP sector is experiencing renewed activity, as ERP software providers and enterprises move IT functions to the cloud, which offers lower cost, the ability to innovate, to develop new functions and launch new offerings rapidly. 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 ReportUnder Armour Appoints New CEO Coresight Research October 23, 2019 Executive SummaryOn October 22, 2019, Under Armour announced Patrik Frisk will become the company’s next Chief Executive Officer (CEO), effective January 1, 2020. Kevin Plank, founder and current CEO of Under Armour, will become Executive Chairman and Brand Chief, focusing on the brand story. Patrik Frisk will report to Kevin Plank and join Under Armour’s board of directors. This document was generated for
Flash ReportNordstrom Sets the Stage for Its First Women’s Store in NYC This Week Coresight Research October 23, 2019 Executive SummaryOn October 22, 2019, Nordstrom held a special call regarding the launch of a women’s store in New York City, slated to open October 24. The new Nordstrom store will include three core services: online pickup and returns, alterations and styling. Nordstrom expects synergies with the men’s Nordstrom store located across the street: Some 48% of all business in the men’s department is done with a woman purchasing for a man. And, Nordstrom has found that when customers engage in services and across multiple touchpoints, total spend goes up. This document was generated for
Company Earnings UpdateGildan Activewear (NYSE: GIL) Issues Profit Warning, Lowering FY19 Guidance on Weak Imprintables Demand Coresight Research October 23, 2019 Executive SummaryOn October 17, 2019, Gildan Activewear issued a profit warning for 3Q19 results and revised its 2019 full-year guidance. Gildan now expects revenue for 3Q19 to be approximately $740 million, down 2% from the year-ago quarter. The company offered revised guidance for 3Q19 GAAP EPS of $0.51 and adjusted EPS of $0.53, both down 7% from 3Q18. Gildan assumes the current demand for imprintable apparel in North America and ongoing softness in international markets will persist through 4Q19. This document was generated for
Company Earnings UpdateCarrefour (ENXTPA: CA) 3Q19 Update: Latin America Strength Offsets Weakness in France Coresight Research October 23, 2019 Executive Summary Carrefour’s core French market proved weak in 3Q19, as comparable sales fell 0.9%, below the consensus estimate and weaker than the prior quarter. Hypermarkets were weak, with comps down 3.6%. Latin America drove growth, with a 12.8% uplift in comparable sales, outpacing analyst expectations of 11.8%. Management pointed to further progress toward targets under the Carrefour 2022 plan. In France, the company reduced promotions as it shifted to an everyday-low-price (EDLP) positioning. This document was generated for
