Company Earnings UpdateMicrosoft (NASDAQ: MSFT) 4Q19 Results: Beats Consensus Estimates, Strong Cloud Growth, 2020 Revenues to Be Up Double Digits Coresight Research July 22, 2019 Executive Summary Microsoft reported fiscal 4Q19 revenues of $33.72 billion, up 12.1% year over year and beating the $32.77 billion consensus estimate. Adjusted EPS was $1.37, up 21.8% year over year and beating the $1.21 consensus estimate. The Intelligent Cloud segment drove growth, with revenues up 18.6% year over year. For fiscal 2020, Microsoft guided for double-digit revenue growth, despite a 1% forex headwind, and stable operating margins. 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 UpdateSAP (XTRA: SAP) 2Q19 Results: Misses Consensus Estimates, Cloud Growth Remains Robust, Maintains Guidance Coresight Research July 22, 2019 Executive Summary SAP reported adjusted 1Q19 revenues of €6.66 billion, up 10.7% year over year and missing the €6.71 billion consensus estimate. Adjusted EPS was €1.09, up 11.1% and missing the €1.11 consensus estimate. Customer and experience management was the fastest-growing segment, with adjusted revenues growing 81%. SAP reiterated its guidance for 2019 and 2020, and its 2023 goal (called “ambition”). 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 Report30 Global Retail Cities: Bangkok Coresight Research July 19, 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 and innovative store formats. Click here to view the full 30 Global Retail Cities series. Highlights: With the combination of traditional ways of shopping and modern development, the retail industry in Bangkok has grown quickly. The Bangkok fashion industry has become mature in the past few decades, which has prompted collaboration between local designers and international brands. Malls such as Terminal 21 and Platinum Shopping Mall serve multiple purposes: Free air conditioning, easy access to transportation and a public reading area make the mall part of the Bangkok lifestyle. 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 UpdateSkechers (NYSE: SKX) 2Q19 Results: Revenue, Comps and EPS Beat Consensus Estimates Coresight Research July 18, 2019 Executive Summary Skechers reported 2Q19 sales of $1.26 billion, beating the $1.22 billion consensus estimate, and $0.49 EPS, beating the $0.34 consensus estimate. Driven by international stores, comparable same-store sales were up 4.9%, beating the consensus estimate of 0.5%. China remains fundamental to Skechers growth, achieving a 12% sales gain on top of 40%+ in the year ago quarter. The company estimated Q319 sales will be $1.32 billion to $1.35 billion and EPS will range from $0.65 to $0.70. 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
Company Earnings UpdateeBay (NASDAQ: EBAY) 2Q19 Results: Continued Revenue Growth, Beats Consensus Coresight Research July 18, 2019 Executive Summary eBay reported net revenue of $2.69 billion in 2Q19, up 1.8% year over year and beating the consensus estimate of $2.68 billion. The number of active global buyers increased 4% year over year to a total of 182 million. The company expects revenues of $2.61-2.66 billion in 3Q19, representing growth of 1-3% on a currency-neutral basis. 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
Analyst CornerWEINSWIG’S WEEKLY JULY 19 2019 Coresight Research July 18, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at the growing importance of Internet of Things technology in retail. Fashion accessories retailer Charming Charlie will shutter all its 261 stores after filing for Chapter 11 bankruptcy, a casualty of intense competition in its core product line. UK supermarket chain Waitrose will extend the trial of a home delivery service that lets delivery people enter customers’ homes using a temporary access code to put away groceries. Alibaba hopes to extend the reach of its annual televised 11.11 Shopping Festival Countdown Gala Celebration to 10 cable networks in China, Southeast Asia, Africa and North America. The live variety show supports the shopping festival. 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 ReportJune 2019 UK Retail Sales: Smaller Retailers Drive Overall Growth, Clothing and Furniture Stores See Solid Boost Coresight Research July 18, 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 monthly UK Retail Sales Report reviews the latest sector data published by the Office for National Statistics (ONS). Highlights from our June UK Retail Sales Report: The Office for National Statistics (ONS) reported a strengthening of retail growth to 4.0% year over year in June, supported by a 3.4% increase in volumes. Growth was driven by a reported 9.1% increase in sales at small retailers: Large retailers, which form the bulk of most sectors, saw sales grow 2.6% year over year. Furniture, clothing stores and mail order/Internet pure play retailers all saw sales growth, while department stores/mixed-goods retailers saw a second consecutive month of falling sales. Grocery sales growth remained unchanged. 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 29: Charming Charlie to Close All Stores Coresight Research July 18, 2019 Executive SummaryCoresight Research tracks news about store closures, openings and bankruptcies. Our Weekly US and UK Store Openings and Closures Tracker focuses on department stores and specialty retail stores, including, but not limited to, those selling softlines, hardlines, consumer electronics, groceries and furniture. 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 7,426 store closures and 3,039 store openings. This compares to 5,864 closures and 3,258 openings for the full year 2018. Year to date, UK retailers have announced 397 store closures and 478 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
Company Earnings UpdateIBM (NYSE: IBM) 2Q19 Earnings: Beats Consensus, Revenues Down for Fourth Consecutive Quarter, Will Update Guidance August 2 Coresight Research July 17, 2019 Executive Summary IBM reported 2Q19 revenues of $19.16 billion, down 4.2% year over year and in line with the consensus estimate. Adjusted EPS was $3.17, up 3.0% from the year-ago quarter and beating consensus of $3.08. Revenues grew 3.2% year over year in the cloud and cognitive software segment, grew 0.5% in the global business services segment and declined in the global technology services, systems, global financing and other segments. IBM commented that it remained on track to meet its guidance for 2019 adjusted EPS of $13.90 through the second quarter and plans to update guidance for the Red Hat acquisition on August 2. 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 ReportPrime Day 2019: Bigger Than Black Friday and Cyber Monday Combined Coresight Research July 17, 2019 Executive SummaryAmazon released its Prime Day 2019 results on July 17, 2019, calling it the “largest shopping event in Amazon history.” The 48-hour shopping extravaganza brought millions of deals and more entertainment this year. Amazon sold more than 175 million items during the shopping event, compared to 100 million items last year. We believe the expansion of prime day hours contributed to the increase. There was more entertainment this year, including Twitch Prime Crown Cup featuring FIFA19 and the Prime Day Concert headlined by Taylor Swift. Amazon continued to take Prime Day to brick-and-mortar stores. Top sellers worldwide included the Echo Dot, the Fire TV Stick with Alexa Voice Remote and the Fire TV Stick 4K with Alexa Voice Remote. Coresight has been covering Amazon Prime Day since it was launched in 2015. Click here here to access our additional reports about 2019 and prior 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
Company Earnings UpdateBurberry (LSE: BRBY) 1Q20 Update: Riccardo Tisci Product Line Boosts Sales Coresight Research July 17, 2019 Executive Summary Burberry reported a 4% retail revenue increase for 1Q20. Comps rose 4%, driven by positive customer response to its new product line. The company eliminated 2% of its retail selling space. Burberry made good progress in the second year of its multi-year transformation plan, helped by the increased availability of Riccardo Tisci products and improvements in its retail and wholesale networks. The company reported improved social media traction and press coverage, and that it has introduced its new creative vision to 23 retail stores. 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: Seven Ways Machine Learning Improves Efficiency Coresight Research July 17, 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 machine learning, a branch of Artificial Intelligence (AI) that generates insights from data to help companies make better decisions and predictions. AI and machine learning have the potential to create around $2 trillion in value by 2020 in manufacturing and supply chain planning, according to McKinsey. Machine learning can deliver personalization to shoppers that facilitates better inventory management by anticipating what the customer is likely to buy. Machine learning can help retailers optimize routes for more efficient delivery based on prior consumer behavior data. 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 DiveHow “New Retail” Is Changing Eight Retail and Consumer Sectors in China Coresight Research July 16, 2019 Executive SummaryNew Retail is a model that sees the integration of online retail, offline retail and logistics across a single value chain powered by data and technology. The model was initiated by Alibaba in China but has since been adopted by others in various forms. In this report, we review recent trends in New Retail to understand how it has played out in different retail and consumer-services sectors in China. Chinese e-commerce platforms, predominately Alibaba and JD.com, have offered digitalization and logistics services to help brands and physical retailers use the New Retail model. The platforms are also working to strengthen after-sales service. Brands and retailers in almost all retail sectors have adopted in-store technologies such as smart mirrors, smart shelves and interactive touchscreens to enhance the in-store shopping experience and make in-store operations more efficient. Traditional physical retailers such as supermarkets and department stores are increasingly digitalizing their offerings to connect with online platforms and mobile apps. The O2O fresh food supermarket is the poster child for New Retail but expansion has slowed. Even the more traditional healthcare industry is embracing digitalization and online-offline integration. 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 Retail Sales: Slowdown Seen Across Sectors, Nonstore Retailers Continue Growth Trajectory Coresight Research July 16, 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 monthly US Retail Sales Report reviews the latest sector data published by the US Census Bureau. Highlights from our June US Retail Sales Report: Total US retail sales excluding gasoline and automobiles increased 2.3% year over year in June, weakening from the 2.8% year-over-year rise in May. Furniture and home-furnishing stores sales fell 1.7% year over in June, following May’s 0.7% increase. The clothing sector saw sales slip 1.6% in June, following a 2.3% drop in May and a 3.9% increase in April. Department store retailers posted a sales decline of 5.4%, following May’s 5.2% decline, further worsening from a 0.9% fall in April. In June, nonstore retailers saw sales rise 11.6% year on year, following the 11.7% year over year rise in May but slower than the 12.9% reported in April. 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 ReportBack-to-School Preview: Total Spend Expected to Dip Coresight Research July 16, 2019 Executive Summary Students are gearing up to return to school, and families are planning their annual back-to-school budgets. This year, average spend is expected to increase, but with fewer families saying they have school-age children, total spend is expected to fall from last year. Total spending for K–12 schools and college combined is projected to reach $80.7 billion, down from last year’s $82.8 billion. As we approach the summer midpoint, students are getting ready to return to school and college — and results from an annual survey released today by the National Retail Federation and Prosper Insights and Analytics predict families will spend less this year than last year. Total spending for K–12 schools and college combined is projected to reach $80.7 billion, down from last year’s projected $82.8 billion. The decline in the overall number is due largely to a decreased number of households with children in elementary through high school. Those households that do have children in school, however, plan to spend more on average in 2019 than last year. Families with children in elementary school through high school plan to spend an average $696.70, up from $684.79 last year and topping the previous record of $687.72 set in 2017. With fewer families surveyed saying they have children in grades K–12, total spend is expected to be $26.2 billion, down from last year’s projected $27.5 billion. Families with college students are expected to spend an average $976.78, also up from last year’s $942.17 and also topping the previous record of $969.88 set in 2017. Again, with fewer survey respondents saying they are attending college, spending is expected to total $54.5 billion, down from last year’s record of an estimated $55.3 billion. According to the survey, clothing and accessories will top K–12 families’ expenses at an average $239.82, followed by electronics such as computers, calculators and phones ($203.44); shoes ($135.96) and supplies such as notebooks, pencils, backpacks and lunchboxes ($117.49). K–12 families plan to do most of their shopping at department stores (53%), discount stores (50%), online (49%), clothing stores (45%) and office supply stores (31%). Among K–12 shoppers, teens are expected to spend an average $36.71 of their own money, up from $30.88 just 10 years ago, while pre-teens will spend $26.40, up from $11.94 also 10 years ago. College shoppers plan to spend the most on electronics ($234.69), followed by clothing and accessories ($148.54), dorm and apartment furnishings ($120.19) and food items ($98.72). They plan to do most of their shopping online (45%), followed by department stores (39%), discount stores (36%), college bookstores (32%) and office supply stores (29%). The survey of 7,660 consumers was conducted July 1-8 and has a margin of error of plus or minus 1.2 percentage points. This document was generated for
