Insight ReportStreetwear: A Vibrant, Gender-Neutral Category on the Rise Coresight Research July 31, 2019 Executive SummaryStreetwear has grown from a niche sector to a global phenomenon. Genderless design is the common practice in streetwear, in line with a growing gender-neutral trend. Leveraging the “drops” model, street brands have gathered a group of cult followers and reshaped the luxury industry. Exclusivity and collaborations are driving the success of streetwear. Asian consumers are the biggest spenders on streetwear, according to the Streetwear Impact Report. Streetwear is changing the image of luxury brands. 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 UpdateSteve Madden (NASDAQ: SHOO) 2Q19 Results: Steve Madden Women’s Wholesale and Accessories Drive Strong Momentum, Tariffs Cloud Outlook Coresight Research July 31, 2019 Executive Summary 2Q sales rose 12.4% driven by strong growth in wholesale footwear and accessories. Same-store sales rose 6.2% driven by strong performance in e-commerce. Adjusted operating profit contracted 10 basis points (bps) to 11.0% of sales. Adjusted EPS increased 14.6% to $0.47. The company maintained 2019 sales guidance of a 5-7% gain and adjusted diluted EPS guidance of $1.78-1.86 despite an incremental headwind of approximately $0.05 per share reflecting a tariff increase to 25% from 10% on List 3 products imported from China that came into effect on May 10. 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 UpdateUnder Armour (NYSE: UAA) 2Q19 Results: North America Revenue Declines, Company Updates Outlook for FY19 Coresight Research July 31, 2019 Executive Summary Under Armour reported 2Q19 sales of $1.19 billion, behind of the consensus estimate of $1.20 billion, and EPS of $(0.04), beating the consensus estimate of $(0.05). Gross margin expanded 170 basis points to 46.5%. For FY19, the company updated its guidance on operating metrics but maintained revenue growth of 3-4% and EPS of $0.33-0.34. 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 UpdateNCR Corp (NYSE: NCR) 2Q19 Results: Handily Beats Consensus Estimates, Huge ATM Growth, Raises Annual Revenue Guidance Coresight Research July 31, 2019 Executive Summary NCR reported 2Q19 revenues of $1.71 billion, up 11.3% and ahead of the $1.58 billion consensus estimate. Adjusted EPS was $0.76, up 16.9% and beating the $0.67 consensus estimate. Banking revenue increased 19.7% year over year, driven by ATM revenue, which was up 78% in constant currency. Revenues in retail and hospitality also increased year over year. The company raised 2019 revenue guidance growth to up 3-4% from up 1-2% previously and reiterated adjusted EPS guidance of $2.75-2.85 (up 5-9%). 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 UpdateDufry (SIX: DUFN) 1H19 Results: Profits Decline on Higher Depreciation and Interest Costs; Maintains FY19 Guidance Coresight Research July 31, 2019 Executive Summary Dufry reported 1H19 net sales of CHF 4.1 billion, up 2.1% year over year and in line with the consensus estimate recorded by StreetAccount. The company reported a diluted loss per share of CHF 2.34, compared to a loss per share of CHF 0.18 in the prior year’s quarter and missing the consensus EPS of CHF 1.46, due to higher interest expenses. Dufry maintained its earlier guidance for mid-term organic growth of 3-4%, and equity free cash flow generation in the range of CHF 350-400 million for 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
Question of the WeekWhat Are the Most Popular US Retailers for Buy Online Pick Up In Store (BOPIS)? Coresight Research July 30, 2019 QUESTION OF THE WEEK: What Are the Most Popular US Retailers for Buy Online Pick Up In Store (BOPIS)? Walmart and Target are the most popular BOPIS retailers in the US according to an April 2019 Coresight Research survey. Half of BOPIS shoppers had collected an online order from Walmart in the past 12 months. This document was generated for
Insight ReportNew Retail Briefing: Tmall Launches Offline Experiential Center to Connect Brands to Consumers Coresight Research July 30, 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’s flash sale and group buying platform Juhuasuan introduced an updated version of Jutudi, an initiative to offer fresh farm produce at a lower price. Tmall launched an experiential center to invite brands to connect with customers offline. US fashion brand Tory Burch launched a flagship store on Tmall Luxury Pavilion and introduced a capsule collection designed for Chinese Valentine’s Day. 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 CoverageAll Retailers Want in on CBD: Insights from Cosmoprof North America 2019 Day 2 Coresight Research July 30, 2019 Executive SummaryThe Coresight Research team is in Las Vegas this week attending Cosmoprof North America 2019. Here are the key insights from day two of the important beauty industry event: Brands are aiming to go “zero waste” by reducing packaging. CBD in beauty is taking off: In the US, Gen Xers are most interested in beauty and personal care products with CBD or hemp and 56% of consumers cited medicinal value as a selling point. A mobile device is where new brands are discovered: Facebook encourages brands to be “mobile first and mobile best.” 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 UpdateColgate-Palmolive (NYSE: CL) 2Q19 Results: Net Sales and Diluted EPS Decline Coresight Research July 30, 2019 Executive Summary Colgate-Palmolive reported net sales of $3.87 billion, down 0.5% year over year for the three months ended June 30, 2019. Organic sales were up 4.0% year over year. The Africa/Eurasia segment saw strong organic sales growth, increasing 9.5% year over year. However, the Asia Pacific segment underperformed, with a 1.0% decrease in organic sales year over year. The Hill’s Pet Nutrition segment also saw strong organic sales growth, increasing 6.0% 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
Event CoverageInsights from Cosmoprof North America 2019 Day 1: “All Beauty Brands will be Clean Beauty Brands in the Future” Coresight Research July 29, 2019 Executive SummaryThe Coresight Research team is in Las Vegas this week attending Cosmoprof North America 2019. Here are a few key insights from day one of the important beauty industry event: Beauty with a conscience is driving innovation across all categories. Vegan beauty is growing, driven by millennials with over 25% of American millennials claim that they are vegan or vegetarian. All brands will be “clean” beauty brands in the future, but the industry still needs major commercial brands in the middle to bridge the gap for consumers. 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 Back to School 2019: Retail Outlook Coresight Research July 29, 2019 Executive SummaryIn our first report in our US Back-to-School series for 2019, we provide an outlook for US retail this back-to-school season. We expect to see 2.0-2.5% year-over-year growth in nonfood retailer sales from July to September (the back-to-school shopping period) this year, a significant slowdown from last year’s 4.4%. Consumers are interested in good deals, making discount stores the second most popular destination for back-to-school shopping, behind department stores. Apparel is the biggest category for back-to-school shoppers, and electronics is the biggest for back-to-college. 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 UpdateIntel (NASDAQ: INTC) 2Q19 Results: Misses on Revenues but Raises Annual Guidance, Plans to Sell 5G Modem Business Coresight Research July 29, 2019 Executive Summary Intel reported 2Q19 revenues of $16.51 billion, down 2.7% year over year and slightly below the consensus estimate. Adjusted EPS was $0.89, up 1.8% and in line with consensus. PC-centric revenue grew 1.3%, more than offset by data-centric revenue, which declined 6.9%. Revenue from Mobileye grew 16.2%. Separately, Intel announced an agreement to sell its 5G smartphone modem business to Apple for $1 billion. Intel raised its 2019 revenue forecast slightly by $500 million to $69.5 billion and guided for Q3 revenues and EPS above consensus estimates. 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 UpdateKering (ENXTPA: KER) 1H19 Results: Double-Digit Sales and Earnings Gains Driven by Gucci Coresight Research July 29, 2019 Executive Summary Kering reported 1H19 revenues of €7.64 billion, up 18.8% year over year. Gucci reported a 19.8% increase in revenue to €4.62 billion, Saint Laurent reported a 20.4% increase in sales to €973.0 million. Bottega Veneta lagged with a 0.6% revenue decline. Kering will continue to work on its strategy to achieve same-store revenue growth and develop its cross-business growth platforms. 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 UpdateLVMH (ENXTPA: MC) 1H19 Results: Strong Sales Propelled by Fashion & Leather Goods, and Asia Region Coresight Research July 29, 2019 Executive Summary LVMH reported 15% 1H19 sales growth propelled by its fashion and leather goods business, which grew sales 21%. Asia, which represented 33% of 1H19 sales, expanded 18% over 1H18. EPS rose 8.7% to €6.48 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 ReportTencent and the Pokémon Co to Collaborate on New Games Coresight Research July 29, 2019 Executive SummaryTencent and the Pokémon Company announced they will collaborate on new games. The announcement released on Weibo did not specify for which platform the two companies are developing the games; however, Tencent’s platform is the likely one due to its huge presence in mobile and PC games in China. Tencent and Nintendo, which owns a stake in the Pokémon Company, will hold a press event on August 2 in Shanghai at which they are expected to announce the launch of the Nintendo Switch Game System in China. Tencent is a leading mobile game company offering Honour of Kings, Game of Peace (formerly called PUBG Mobile), Crossfire and League of Legends. 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
