Insight Report30 Global Retail Cities: Dublin Coresight Research October 11, 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 and Bermuda. We curated the top retail stores in each city, along with must-see shopping districts, major retail events innovative store formats. Click here to view the full 30 Global Retail Cities series. Highlights: Located in the Creative Quarter, Drury Street hosts high-end shops dedicated to high-quality Irish-designed products, fashionable interiors and gifts. Irish Design Shop represents emerging and established Irish designers, providing a platform to showcase their work. Castle Market is home to vintage stores and unique boutiques that are worth a visit. 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 — October 11, 2019 Coresight Research October 11, 2019 Executive SummaryOctober 11, 2019 This week’s note “From the Desk of Deborah Weinswig” looks at disruption that the rise of private labels is causing for CPG brands, prompting them to expand their direct-to-consumer channels. In the news this week: Walmart has partnered with New York-based diabetes management platform One Drop to sell One Drop’s wireless glucose meter kit and supplies. British retailers saw the worst September on record, with UK retail sales falling 1.3% year over year and comps decreasing by 7%. Amazon and Flipkart recorded $3 billion gross merchandise volume during their six-day shopping festivals in India, held between September 29 and October 4, according to consulting firm RedSeer. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2019, Week 41: Bed Bath & Beyond Plans More Store Closures Coresight Research October 11, 2019 Executive SummaryOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. Click here to view our full collection of Weekly US and UK Store Trackers. 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 8,633 store closures and 3,589 store openings. This compares to 5,844 closures and 3,258 openings for the full year 2018. Year to date, UK retailers have announced 472 store closures and 647 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
Insight ReportBeauty Insights: Six Reasons Apparel Brands are Moving Into Beauty Coresight Research October 10, 2019 Executive SummaryApparel brands are launching beauty, personal care, health and wellness products as portfolio extensions to grow their customer base and increase revenue. Beauty products can serve as a gateway to introduce shoppers to a luxury brand whose full portfolio customers may then explore. For example, Gucci launched a lipstick line under designer Alessandro Michele in May 2019, allowing consumers to first experience the brand in an accessible way. Traditional brands are leveraging their influence and reputation to enter the beauty category through extension beauty products, as a strategy to increase revenue. Beauty products help to obtain customer loyalty through repeat purchases, because consumers have to replenish skincare, lip color or personal care products more frequently than apparel. Beauty and personal care products can help to increase apparel shoppers’ average order value. Beauty products, particularly with fashionable or unique packaging or a top designer name behind them, are sought-after gifts and therefore present another selling opportunity for retailers. By offering beauty products, retailers can reach can extended customer base through innovative marketing strategies on online media channels. 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 ReportOne Month to Singles’ Day: Leveraging Alibaba’s Ecosystem Fully to Drive Results Coresight Research October 10, 2019 Executive SummarySingles’ Day, held annually on November 11, began as a festival of young Chinese people celebrating their pride in being single. Alibaba started promoting the day as a shopping day (now officially called the 11.11 Global Shopping Festival) back in 2009. Only 27 brands participated then, generating total gross merchandise volume (GMV) of $7.8 million. Last year, total GMV on Alibaba’s various platforms hit $30.8 billion, up 27% from the prior year and a huge 252% CAGR over the past nine years. In our monthly reports counting down to Singles’ Day, we help retailers and brands prepare for the event. With one month to go, we discuss the rules for merchants for this year’s 11.11 Global Shopping Festival and what merchants need to know to grow sales not only during Singles’ Day but during other promotional events on Alibaba’s e-commerce platforms. Click here to read more Coresight coverage of Singles’ Day for the upcoming 2019 shopping event 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 ReportBig Billion Days 2019 Wrap-Up: Non-Tier-One Focus Spurs Sales Growth Coresight Research October 9, 2019 Executive SummaryFlipkart’s annual Big Billion Days (BBD) shopping festival concluded on October 4 and turned out to be the company’s highest-grossing festive season sale ever. These are some key highlights from this year’s event: BBD 2019 registered sales growth propelled by significant growth in non-tier-one cities and towns. New customers grew by 50%, and over 50% of Flipkart Plus shoppers were based in non-tier-one cities and towns. Flipkart registered tens of billions of page views during the event. Sales generated from tier-three cities and towns grew by 100% year over year, and almost half of the top sellers on Flipkart tripled their sales versus last year. Amazon’s Great Indian Festival (GIF) also registered its biggest ever festive season sales in India, with a significant portion of new customer growth coming from non-tier-one cities and towns. 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
Market Navigators/Market OutlookGlobal Male Grooming Market Coresight Research October 9, 2019 Executive SummaryIn this report, we review the global market for male grooming products. We also look at consumer survey data to analyze US shoppers’ habits and shopping preferences. Worldwide, sales of male grooming products are seeing solid, but unspectacular, growth. The global market is expected to increase at a CAGR of 5% between 2018 and 2023, according to Euromonitor International. The steady growth in the male grooming category is driven by various factors, such as change in gender stereotypes and increasing awareness, aggressive marketing campaigns, technological advancement and rise in disposable income, among others. In the US, price and brand trust are major purchase drivers for male shoppers buying personal care and hygiene products. Men are more likely than women to prefer natural and organic skincare products. Men in the US research personal care and hygiene products online, although most of them would still prefer to buy in-store. According to Prosper Insights & Analytics data, Walmart is the destination most-preferred by US men for shopping personal care and hygiene products. While most global beauty brands have already established male-specific grooming brands or sub-brands, several successful startups catering to male consumers have emerged in recent years, which have identified the unique and unmet grooming needs of men. 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 China in 2020: Calendar Coresight Research October 8, 2019 Executive SummaryThe retail calendar in China 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 China market. Click here to view more about China Market Entry. 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 ReportNew Retail Briefing: Taobao Launches New Feature of Hot-Topic Live Ranking Coresight Research October 8, 2019 Executive Summary“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond. Here’s what’s happening: Alibaba furthered its partnership with Starbucks by launching a Starbucks-themed Tmall Genie smart speaker. Chinese customers can now order Starbucks coffee from Tmall Genie. Taobao launched a new feature of hot-topic live ranking to prompt users to discover products from trending topics. JD.com launched a new supply chain program to expedite delivery by working with offline retail partners. 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
Event CoverageVera Bradley Investor Day 2019: Three-Year Plan To Accelerate Brand Growth Coresight Research October 8, 2019 Executive SummaryThe Coresight Research team was at the Vera Bradley investor day on October 3, 2019, in New York City. Here are the key insights: The company expects $490-505 million in sales in FY20, a 17.8-21.4% increase compared to FY19, and to accelerate brand growth through a three-year plan. The company’s acquisition of Pura Vida is designed to add expertise in digital marketing and social customer engagement. Collaboration with a variety of brands is fueling the growth. The company expects a low-to mid-single digit revenue growth for the core Vera Bradley business and hopes to double revenues in five years. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Deep DivePrivate Label To Drive Disruption in CPG Coresight Research October 8, 2019 Executive SummaryPrivate-label products are a major disruptor in the US consumer packaged goods (CPG) category. In this report, we outline the scale of private labels in US CPG, discuss why retailers are moving into private labels and how CPG brands can respond to the challenge. US private-label CPG sales growth accelerated from 2.2% in 2015 to 5.8% in 2018, according to IRI. Major retailers have rolled out private labels across a range of CPG product categories. Target and Kroger have recently launched new CPG brands. Retailers’ shopper data gives them an advantage in better understanding what consumers want, so they can launch private-label products to match. CPG brand owners are fighting back by adding direct-to-consumer channels and boosting R&D spend for product differentiation. 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 WeekHow Does US Retailers’ Buy Online, Return in Store Deployment Compare Against Global Counterparts? Coresight Research October 7, 2019 QUESTION OF THE WEEK: How Does US Retailers’ Buy Online, Return in Store Deployment Compare Against Global Counterparts? US retailers trail their international counterparts marginally in adopting the “buy online, return in store” (BORIS) model, with 42.1% offering the service versus the international average of 46.7%, according to a 2018 OrderDynamics survey of retailers in seven countries. Omnichannel retailers see much higher rates of adoption. This document was generated for
Company Earnings UpdateCostco Wholesale (NASDAQ: COST) 4Q19 Results: Revenues and EPS Comfortably Beat Consensus Coresight Research October 7, 2019 Executive Summary Costco Wholesale reported 4Q19 revenues of $47.50 billion, up by 7.0% and comfortably above the consensus estimate of $37.33 billion. EPS was $2.47, up 4.9% compared to the year-ago quarter and easily beating the $1.71 consensus estimate. Comps increased 5.1% compared to 7.2% in the year-ago quarter, excluding the impact of changes in gasoline prices, foreign exchange and an accounting change related to revenue recognition. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Deep DiveHoliday 2019: UK Retail Outlook—One-Third of Nonfood Sales Set To Be Online Coresight Research October 7, 2019 Executive SummaryContinuing our Holiday 2019 series, we preview UK retail over the peak November–December season. As we write, the nature and timing of the UK’s departure from the EU, which is scheduled for October 31, are unconfirmed, and this adds uncertainty to estimates for the holiday peak. An on-schedule exit from the EU at the end of October will provide some (perceived) finality to consumers. In the best case, this could release pent-up consumer demand, which would provide some upside to our estimates for holiday trading. Reinforcing this possibility, consumers confounded economists’ forecasts after the UK voted to leave the EU in 2016 by going on a spending spree that resulted in strong holiday retail sales. We expect to see total retail sales grow by around 3.5-4.0% year over year, with the midpoint of 3.75% taking total holiday retail sales to £83.7 billion. This compares favorably to the 3.1% increase last year. We estimate some 32.6% of all nonfood spending will be online this holiday season. We expect Internet-only retailers to outpace the increase in total online sales by around 500 basis points. For large retail businesses, which account for the bulk of retail sales, we expect growth of approximately 3.0-3.5% during November and December. Across a number of metrics relevant to the consumer economy, we see a more positive environment than last year; wage growth has strengthened considerably and unemployment is down. 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 ReportHalloween 2019 Will be an $8.8 Billion Holiday in the US, Down Slightly from Last Year’s $9 Billion Coresight Research October 4, 2019 Executive SummaryAccording to new survey data from the National Retail Federation (NRF) and Prosper Insights & Analytics: US consumers plan to spend an average of $86.27 this Halloween – far less than other holidays such as Valentine’s Day’s $162 average and down slightly from last year’s Halloween record of $86.79 per person. Average spend has remained relatively flat over the past few years, although the long-term trend in total spend has been a slow but steady rise, from $3.3 billion in 2005 to $8.8 billion in 2019. Celebrants will look to social media this year more than ever before: 35% of those surveyed will look online for inspiration, the next highest is in-store at 28%. Some 67% of those who will shop this year plan to buy a costume. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
