Company Earnings UpdateHanesbrands (NYSE: HBI) 2Q19 Results: Champion Drives Double-Digit Activewear Sales Growth Coresight Research August 2, 2019 Executive Summary Hanesbrands reported 2.7% 2Q19 revenue growth, or 5% on a constant-currency basis, driven by US Activewear and Champion sales. Champion sales increased more than 50%, excluding the mass channel and on a constant currency basis Management reiterated guidance for FY19 and issued 3Q19 guidance. 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 DiveUS Retail Inventory Tracker, 1Q19 Coresight Research August 2, 2019 Executive SummaryIn our quarterly US Retail Inventory Tracker reports, we analyze inventory trends among US retailers the Coresight 100. Most Coresight 100 retailers witnessed a decline in consumer spending, which translated into poor sales and inventory buildup in comparison to the same quarter last year. Tariffs and strategic investments also drove inventory accumulation. Specialty retailers such as TJX Companies and Burlington Stores reported increases in inventory year over year due to new store openings. TJX Companies and Dick’s Sporting Goods turned inventory at a slower pace, resulting in higher inventory. Department stores saw inventory decline year over year. However, Macy’s inventory level rose due to slower turnover of its spring products during the quarter. Food and drug retailers and mass merchants grew their inventory levels in line with or above their sales growth. Home and home-improvement retailers saw a significant increase in inventory levels year over year as they stocked up ahead of anticipated seasonal demand. Retailers are also likely carrying higher inventory to offset the tariff impact and support expansion plans. 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 AUGUST 2 2019 Coresight Research August 2, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at 2019 US back-to-school shopping. Amazon’s ramped-up spending on speedier delivery for Prime customers accelerated second quarter sales – but also crimped profits. Sales soared 20% in the second quarter, but profits came in below expectations. Japanese chat app Line plans to launch an online grocery delivery service in Thailand. Customers use the app to order food and other items to be picked up from sellers and delivered to them. Grant Thornton will step down as Sports Direct auditor after the disclosure of a £605 million ($736 million) tax bill in Belgium that delayed its results announcement. 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
Insight ReportXcel Brands x Coresight Research Monthly Fashion Trend Report: Top Trends Include Satin Skirts and Utility Dresses Coresight Research August 2, 2019 Executive SummaryThe Xcel Brands x Coresight Research Monthly Fashion Trend Report highlights fashion trends that are just emerging, growing quickly or hitting maturity. The Monthly Fashion Trend Report offers critical insights on evolving trends for designers, planners, retailers, buyers and merchandisers. The trend report is a valuable decision-making tool based on deep quantitative and qualitative analysis using data from Trendalytics. For more data, please see our Monthly Fashion Trend Data Report. Xcel Brands uses quantitative and qualitative data to compile the monthly trend report and create lookbooks which include data from Trendalytics. Satin skirts are a top growing fashion trend, with 41% of satin skirts selling at full price in online marketplaces in June 2019. Satin skirts had the highest rate of online search growth, with an average of 5,914 searches per week, up 124.5% compared to last year, according to Trendalytics data. Utility dresses continue to do well across all price points and continue to attract consumers of all ages, according to social media postings. Utility dresses are showing particular success in the $25-49 price range, with over 31% of retailers pricing tops in this range. 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 UpdateZalando (XTRA: ZAL) 2Q19 Results: EBIT Beat Prompts Narrowing of Guidance Coresight Research August 2, 2019 Executive Summary Zalando grew 2Q19 total sales by one-fifth year over year to €1.6 billion, in line with the consensus estimate. Reversing the prior trend of a rising fulfilment cost ratio, fulfilment costs as a proportion of revenues declined 1 percentage point year over year. Adjusted EBIT of €101.7 million was comfortably ahead of consensus of €97 million. Management narrowed its adjusted EBIT guidance for FY19, to the upper half of the previously indicated €175-225 million range. 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
Insight ReportFashion Trend Monthly Data Report – July 2019 Coresight Research August 1, 2019 Executive SummaryThe Fashion Trend Monthly Data Report report accompanies the Xcel Brands x Coresight Research Monthly Fashion Trend Report. Together, these reports highlight the fashion trends that are just emerging, growing quickly or hitting maturity. The Monthly Fashion Trend Report offers critical insights on evolving trends for designers, planners, retailers, buyers and merchandisers. The trend report is a valuable decision-making tool based on deep quantitative and qualitative analysis using data from Trendalytics. Xcel Brands uses quantitative and qualitative data to compile the monthly trend report and create lookbooks which include data from Trendalytics. Satin skirts are a top growing fashion trend, with 41% of satin skirts selling at full price in online marketplaces in June 2019. Satin skirts had the highest rate of online search growth, with an average of 5,914 searches per week, up 124.5% compared to last year, according to Trendalytics data. Utility dresses continue to do well across all price points and continue to attract consumers of all ages, according to social media postings. Utility dresses are showing particular success in the $25-49 price range, with over 31% of retailers pricing tops in this range. 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 DiveAI and Price Optimization in Retail Coresight Research August 1, 2019 Executive SummaryPricing has become a key strategic factor in retail, and artificial intelligence (AI) and machine learning are giving retailers new tools to help them more fully and effectively implement price optimization strategies. Here are some of the highlights: Digitalization made price optimization strategies in retail possible, but AI and machine learning are substantially improving the efficacy. Price optimization uses data analytics to formulate desired pricing level and increase the probability of achieving specific objectives, including profit maximization and operational goals. Price optimization can improve retail operations by strengthening inventory management and being able to respond more quickly to market dynamics. For most retailers, the best way to introduce price optimization platforms is through partnerships with third-party data analytics and AI specialists. We expect AI to become more important in price optimization and to be complemented by new technologies that will expand consumer analytics capabilities for retailers. 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 UpdateNext (LSE: NXT) 2Q20 Update: Strong Quarter Prompts Raised Guidance Coresight Research August 1, 2019 Executive Summary Next reported strong 2Q20 full-price product sales growth of 3.7%, compared to 4% growth in the previous quarter and beating the consensus estimate of 0.1% growth recorded by StreetAccount. The retail segment continued to underperform with a 4.2% decline while the online segment posted strong full-price sales growth of 12%. The company lifted FY20 guidance, with retail sales expected to decline 5.1% year over year at mid-point, compared to previous guidance of an 8.5% decline, and online sales to grow 11.8% at mid-point compared to the previous guidance of 11% growth. 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
Company Earnings UpdateJohnson Controls (NYSE: JCI) 3Q19 Results: Meets/Beats Consensus, Investing While Seeing Continued Momentum, Raises Annual EPS Guidance Coresight Research August 1, 2019 Executive Summary Johnson Controls reported fiscal 3Q19 revenues of $6.45 billion, up 2.7% and in line with the consensus estimate. Organic growth was 6%. Adjusted EPS from continuing operations was $0.65, beating the consensus estimate by two cents. Revenues in the field business (building solutions) grew 2% as reported and 5% organically. Revenues in the products business grew 3% and 7% organically. Backlog increased 7% year over year. The company narrowed its 2019 EPS (from continuing operations) guidance range upwards to $1.93-1.95 (up 21%-23% year over year) from $1.85-1.95 previously. 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
Company Earnings UpdateSimon Property Group (NYSE: SPG) 2Q19 Results: Beats Consensus on Revenues and FFO, Lowers EPS Guidance Coresight Research August 1, 2019 Executive Summary Simon Property Group (Simon) reported revenues of $1.40 billion, up 0.9% year over year and ahead of the $1.34 billion consensus estimate. FFO was $2.99 per share, up 0.3% and beating the consensus estimate of $2.98 per share. Sales per square foot were $669 for the trailing 12 months ended June 30, an increase of 3.5%, and the occupancy rate as of June 30 was 94.4%, down from 94.7% from a year ago. The company reaffirmed its guidance of FFOPS of $12.30-12.40 (up 1-2%) but lowered EPS guidance to $7.04-7.14, from the previous of $7.30-7.40. 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
Company Earnings UpdateL’Oréal (ENXTPA: OR) 1H19 Results: Strongest Comparable Sales Growth in Over a Decade Coresight Research August 1, 2019 Executive Summary L’Oréal 1H19 revenues grew 11% and adjusted EPS grew 7% year over year, both in line with the StreetAccount estimates. Comparable sales, which exclude the impact of acquisitions and sales and are expressed at constant exchange rates, grew a remarkable 7.3% in 1H19, marking its strongest first-half growth in more than a decade. The growth was mainly led by the company’s active cosmetics and L’Oréal luxe divisions. For FY19, consensus calls for revenues and adjusted EPS to both grow 10%, year over year. 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
Company Earnings UpdateProcter and Gamble (NYSE: PG) 4Q19 Results: Innovations and Increased Pricing Driving Growth Coresight Research August 1, 2019 Executive Summary P&G reported net sales of $17.1 billion for the fourth quarter of fiscal 2019, an increase of 3.6% compared to the same period last year. Organic sales were up 7% versus last year. The health care and fabric and home care segments recorded the highest organic sales growth at 10% year over year, with net sales of $2.0 billion in health care and $5.7 billion in fabric and home care. For fiscal 2020, P&G targets organic sales growth in the range of 3-4% and net sales up 3-4%. 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
Event CoverageInsights from Cosmoprof North America 2019: Day 3 Coresight Research August 1, 2019 Executive SummaryThe Coresight Research team was in Las Vegas this week attending Cosmoprof North America 2019. Here are the key insights from this important beauty industry event: Cactus is becoming a popular ingredient in Korea, in products such as facial masks. Brands are offering “the degree of clean ingredients” by SKU. Stem cells may be the next big thing in beauty, with claims that they help to reverse the visible signs of aging. 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
Flash ReportTop 50 Global eCommerce Power Players of 2020 Coresight Research July 31, 2019 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 DiveAmazon: A Timeline of Key Events Coresight Research July 31, 2019 Executive SummaryAs part of our Retailers’ Timelines series, we examine key events in Amazon’s recent history. Over the last two and a half years, Amazon has focused on consolidating e-commerce services, strengthening technology capabilities and investing in cross-industry projects. Get a detailed breakdown of all Amazon M&A, strategy, partnership and sustainability events in our full report. 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
