Company Earnings UpdateB&M (LSE: BME) 1Q20 Trading Update: Store Expansion and Strong Comps Drive Sales Coresight Research July 25, 2019 Executive Summary B&M reported 1Q20 group sales of £967.7 million up 21.4% year over year as reported and on a constant-currency basis, and ahead of the consensus estimate of £934.5 million recorded by StreetAccount. The company grew its UK B&M banner revenues 13.8% year over year to £738.9 million. UK B&M comparable sales growth was 3.9%, beating the consensus estimate of 3.5%. B&M plans to open 50 new B&M UK banner stores and close five stores in fiscal 2020. It also expects to open between 15 and 20 Heron Foods stores, net, in the fiscal 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 UpdateLoblaw (TSX: L) 2Q19 Results: Food Growth Softens Coresight Research July 25, 2019 Executive Summary In 2Q19, ended June 15, Loblaw reported a meaningful weakening of comparable sales growth in its food segment. Food retail comp growth of 0.6% compared to 2.0% in the prior quarter and was well below company-measured food-price inflation of 3.6%. Drug retail comp growth strengthened to 4.0% in 2Q19, from 2.2% in the prior quarter. Management maintained FY19 guidance for positive same-store sales and a stable gross margin in the retail segment. 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 ReportSupply Chain Briefing: Digital Twins Bring Visibility and Speed to the Supply Chain Coresight Research July 25, 2019 Executive SummaryIn our weekly Supply Chain Briefing series, we discuss how technology is transforming the various stages of the retail supply chain, including product design, demand forecasting, manufacturing, logistics, warehousing, last-mile delivery and sales. This report discusses digital twins, an emerging technology that can help companies make better decisions and predictions. Digital twins can improve supply chain through enhanced visibility, predictive maintenance and lower cost. Consumer goods and retail companies are tapping into the technology: The market for digital twin technology will be worth $20 billion by 2025, according to research and consulting firm Global Market Insights. 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) 2Q19 Results: In-line Sales, Beats on EPS; Company Raises Fiscal 2019 EPS Guidance Coresight Research July 25, 2019 Executive Summary Kimberly-Clark reported net sales of $4.6 billion for the second quarter of 2019, a decrease of 0.2% compared to the same period last year and roughly in line with consensus estimates recorded by StreetAccount. Organic sales were up 5% versus last year, beating the consensus of 3.2% growth. The personal care segment recorded net sales of $2.3 billion, with the operating margin expanding 79 basis points to 21.2%. The consumer tissue segment recorded net sales of $1.5 billion, with the operating margin expanding 95 basis points to 15%. The K-C Professional segment reported net sales of $821 million, with the operating margin expanding 57 bps to 19.7%. Kimberly-Clark raised its fiscal 2019 adjusted earnings per share guidance to $6.65 to $6.80, compared to the prior guidance of $6.50 to $6.70. 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 DiveApparel Resale Goes Mainstream Coresight Research July 24, 2019 Executive SummaryRecommerce and thrift shopping are going mainstream as consumers increasingly seek out value (both economic and ethics-based), clothing that expresses individuality and that is Instagrammable. Consumers are on both sides of the transaction, donating and consigning as well as purchasing. The desire to simplify and de-clutter is contributing to these forms of commerce. To reduce the environmental impact of fast fashion on the globe, many consumers are opting for circularity and reduced waste. This eco-mindfulness leads to consumers feeling good about their purchase decisions. Sustainable fashion, ethically produced, designed and ultimately repaired and/or resold is changing the purchase consideration set. Buy better (quality), keep longer and put back into circulation via consigning or donating for others to use. Product lifetime value can increase. Rcommerce is providing consumers the choice of lightly used authenticated designer merchandise at about 80% off the retail full price, attracting first-time luxury shoppers. In tandem with the success of off-price retailers, recommerce is growing more rapidly than retail overall as consumers seek sharp pricing and a treasure hunt experience. 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 UpdateAvery Dennison (NYSE: AVY) 2Q19 Results: Mixed Results, Tougher Year than Expected but Annual EPS Target on Track Coresight Research July 24, 2019 Executive Summary Avery Dennison reported 2Q19 revenues of $1.80 billion, down 3.2% year over year and slightly below the $1.83 billion consensus estimate. Adjusted EPS was $1.72, up 4.0% year over year and beating the consensus estimate by four cents. Adjusted organic growth was 1.6%. Revenues in the company’s label and graphic materials business declined 4.1%, and revenues in the retail branding and information solutions segment grew 0.4% year over year. The company reaffirmed and tightened its 2019 adjusted EPS guidance range to $6.50-6.65 from $6.45-6.70 (up 7-10%). 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
Flash ReportAlibaba Opens Its B2B Platform to US Businesses Coresight Research July 23, 2019 Executive Summary On July 23, Alibaba announced it will open its business-to-business (B2B) e-commerce platform, Alibaba.com, to US small business to sell globally. The global B2B e-commerce market is $23.9 trillion, six times larger than B2C e-commerce, according to the US International Trade Commission. Alibaba.com will co-sponsor a national tour of local “Build Up” events to support small and medium-sized businesses. 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 Dive2019 Retail Trends Midyear Update Coresight Research July 23, 2019 Executive SummaryIn January, we identified what we thought would be the top trends to watch for 2019 in our 10 Retail Trends for 2019: Get Ready for Retail Reinvention. At midyear, we look at the five trends we’ve seen made the most impact so far – and identify two new trends we think will be significant in the coming months. The five global retail trends we’ve seen make the most impact in the first half of the year are: Cities will see more spectacular retail from a new generation of flagship stores. “Fast Retail” will be marked by shorter leases, more shared spaces and more short-term stores. Technology will continue to strip friction from brick-and-mortar retail. More consumers will seek out environmentally and socially engaged brands. Consumers will look for more inclusive offerings, impacting the apparel and luxury markets. Two trends we expect to see play out in the second half of 2019 and into 2020 are: Legacy retailers will continue to seek out partnerships. Marketplace giants’ shopping festivals will continue to add spectacle and scale. 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 ReportInsights from China: Alibaba’s Freshippo Launches New Breakfast Pick-Up Store Coresight Research July 23, 2019 Executive SummaryIn our biweekly series Insights from China, we examine issues that affect international brands and retailers in China. We cover areas such as policy, consumer behavior, consumer sentiment, government regulations and the competitive landscape as they affect business operations and the outlook for the future. In this report, we look at Alibaba’s new Freshippo store format, Pick’n Go, which provides breakfast services in Shanghai. 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 ReportCoresight Matrix: Inventory-Optimization Software Coresight Research July 23, 2019 Executive SummaryThe Coresight Matrix series is designed to help Coresight Research clients better understand what is happening in key segments and with key players in retail technology. In this report, we look at new developments in inventory optimization software, and use our Coresight Matrix to rate leaders and emerging players by innovation effort and market power. Retailers remain under ever-increasing pressure to manage their inventories better to position the assortment at the right place, in the right amounts, at the right time, to prevent excessive discounting and stock-outs. Optimizing inventory has significant financial implications for the cash flow and profitability of a retailer, since inventory requires working capital, discounting hurts margins and stock-outs hurt sales. Continuing advances in computing power and software engineering enable ever more-powerful tools for analyzing inventory, which is enhanced by predicting demand. Machine learning (ML) and other artificial-intelligence (AI) tools can help predict demand, and companies using AI and predictive analytics to forecast demand can use these tools to predict and move towards optimal future inventory configurations. Companies employing AI/ML include IBM, Infor, Optoro, Nextail Labs, SAP and Trax Retail. Inventory-optimization software spans several multibillion-dollar markets, including supply chain management, warehouse management and analytics, and the software links to order-management and fulfillment systems. Players in the segment include ERP-software giants such as IBM, Oracle and SAP, in addition to several emerging innovators, including Celect, Nextail, Optoro, Relex, and companies in between. 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 PresentationSpectacular Retail (NRF) Coresight Research July 22, 2019 Executive SummaryThis presentation was given in an private event held alongside the NRF NXT conference. Spectacular Retail is driven by data and has been driven by the new consumer. Coresight’s BEST framework can help retailers approach physical retail. Topics include: Innovative store formats in China enrich the shopping experience Shopping festivals enrich the shopping experience Gamification engages consumers during shopping events 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 ReportUnlocking the Value of Social Commerce Models: Resale, Rental, Subscription and Community Building Coresight Research July 22, 2019 Executive SummaryBusiness models that are beneficial to society’s long-term development are strengthening their appeal as consumers increasingly seek retailers and brands that have meaning and purpose. Spending money in a more socially aware manner is a growing trend. Retailers and brands are highlighting their environmentally friendly, healthy, ethical and eco-aware efforts and integrating these concepts in brand messaging and marketing. The rise of social commerce business models, including resale, rental, subscription and community building, can generate value and contribute to sustainable development. Start-ups are pursuing this business opportunity, and we highlight four in this report: Kidbox, Part & Parcel, Rent the Runway and Villageluxe. 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 Dive2019 China E-Commerce Trends Midyear Update Coresight Research July 22, 2019 Executive SummaryAt midyear, we look at how major trends have played out in China e-commerce. In this report, we review the first half of 2019 and identify two additional trends we think will be significant for e-commerce in China in the second half of the year. This report updates our 10 Trends for China E-Commerce 2019 report. Our Top Five Trends as of Midyear 2019: Daigou continues to decline, with duty-free sales dropping precipitously. Short video apps add e-commerce functions to monetize traffic. WeChat mini programs add logistics API to fuel growth. Parcel delivery will be even faster: Brands need to adapt. New Retail will continue to prevail in online/offline integration. Two Trends We Expect to Play Out in the Second Half: Live streaming will emerge as the winning tool to sell plus-size apparel online in China. Shoppers in lower-tier cities will drive group buying. 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 ReportJune 2019 US Monthly Retail Traffic and In-Store Metrics Report: Independence Day and Father’s Day Boost Traffic Coresight Research July 22, 2019 Executive SummaryCoresight Research’s monthly reports keep you up to date on US and UK retail sales, US retail traffic and in-store metrics, selected US retailers’ same-store sales and key global consumer indicators. Click here to view our full collection of Monthly Reports. Our US Monthly Retail Traffic and In-Store Metrics Report reviews year-over-year changes in selected store-based metrics, including sales, traffic and conversion rates. Highlights from our June Retail Traffic report: US store traffic declined 5.8% year over year in June. The conversion rate (CVR) advanced 0.3 percentage points, average transaction value (ATV) grew 4.7% and the product return rate advanced 0.2 percentage points. June’s traffic varied over the course of the four weeks: The week leading up to Independence Day on July 4 and the two days leading up to Father’s Day on June 16 performed the best. The fourth week of June reported slow performance. The midwest experienced the largest decline in traffic at 8.2% and the west and midwest experienced the largest decrease in sales at 2.7%. The south had the smallest decline in traffic at 3.4% and the northeast had the largest increase in sales at 5.6%. 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 UpdateASOS (LSE: ASC) 3Q19 Trading Update: Strong UK Demand but Operational Issues in the US and EU; Guidance Revised Down Coresight Research July 22, 2019 Executive Summary ASOS reported 3Q19 group revenues of £919.8 million, up 11% year over year on a constant-currency basis (up 12% year over year as reported). Active customers hit the 20 million mark. UK retail sales growth strengthened in 3Q19, while EU saw sales growth soften. US sales increased after a decline in the previous quarter. The company revised down its sales and gross margin guidance for FY19. 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
