Company Earnings UpdateEstée Lauder (NYSE: EL) 4Q19 Results: Asia Pacific Markets Grow Double Digits; Raises Sales and EPS Guidance for Full Year Coresight Research August 21, 2019 Executive Summary Estée Lauder reported 4Q19 revenues of $3.6 billion, up 9% year over year compared to $3.3 billion in the prior-year period. Adjusted, non-GAAP earnings per share (EPS) were $0.68, compared to $0.61 in the year ago quarter, up 12% and beating estimates by $0.10. The Asia Pacific region continued to show strong growth, while the skin care category was outstanding across brands, markets, and channels. Travel retail and online continue to grow strong double-digits, and the company is prioritizing investment in the fastest-growing channels such as these. The company forecast net sales to increase between 9% and 10% in 1Q20. Reported diluted net earnings per common share are projected to be between $1.48 and $1.52. This document was generated for
Company Earnings UpdateThe TJX Companies (NYSE: TJX) 2Q19 Results: Revenues Below Expectations; Affirms Full-Year Guidance Coresight Research August 21, 2019 Executive Summary TJX Cos. reported fiscal 2Q19 revenues of $9.8 billion, up 4.8% year over year and lower than the consensus estimate of $9.9 billion. Earnings per share (EPS) grew 6.9% year over year to $0.62, in line with the consensus estimate. The company saw comparable store sales growth of 2.0%, versus a 6.0% increase in the same period last year and lower than the consensus estimate of a 3.1% increase. For the fiscal year 2020, TJX Cos. affirmed its guidance of $2.56-2.61 compared to the consensus of $2.61. The company reaffirmed comps of 2-3% compared to the consensus of 3.3%. This document was generated for
Company Earnings UpdateKohl’s (NYSE: KSS) 2Q19 Results: Revenues and Comps Down, Introducing Emerging Brands Platform with Facebook Coresight Research August 21, 2019 Executive Summary Kohl’s reported 2Q19 revenues of $4.43 billion, beating the consensus estimate of $4.31 billion, and down 3.1% year over year. The company reported adjusted 2Q19 EPS of $1.55, higher than the consensus estimate of $1.53, and down 11.9% from the year ago period. Comparable sales decreased 2.9% for the quarter, compared to the consensus estimate of down 2.4%. For fiscal FY19, the company affirmed its annual earnings per share EPS guidance of $5.15-5.45, compared to the consensus estimate of $5.23. The company expects comparable sales to be flat to slightly down for the year. This document was generated for
Deep DiveThe Future of Payments Coresight Research August 21, 2019 Executive SummaryIn this report, we look at payment platforms, explore their prospects, and look at new technologies that could shape the future of the global payment landscape. Credit cards, debit cards and cash remain the most commonly used methods of payment in the US, but new options are gaining popularity. Contactless payments such as Apple Pay, PayPal, contactless cards, and others have attracted hundreds of millions of customers and some 65% of US retailers accept them. Boasting familiarity and efficiency, company-specific payments such as Amazon Pay and Walmart Pay help streamline the checkout process. In China, mobile payments have become the norm. With a combined more than one billion active users, WeChat Pay and Alipay have become the most used digital wallets in the world. Bitcoin dominates the cryptocurrency world, but price volatility continues to raise concerns about its suitability. Facebook plans to launch its own cryptocurrency called the “Libra” in 2020. It will back the currency with a reserve of low-risk assets and promises to combat the volatility that has plagued other cryptocurrencies. 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: The Booming Bubble Tea Market in China Coresight Research August 20, 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 future outlook. In this report, we look at the booming bubble tea market in China. 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 DiveReinventing the US Department Store Coresight Research August 20, 2019 Executive SummaryIn this report, we assess how US department stores are transforming themselves to stay relevant. Most department stores continue to face intense pressure from online rivals, discount chains and big-box retailers. The key factors are lack of adequate upgrades, declining mall traffic and a decrease in the middle-class population. Some leading department stores, such as Nordstrom, Macy’s and Kohl’s, are reinventing themselves by rightsizing operations, embracing new and intelligent technology and collaborating with other retailers/unique partners. Some department stores are leveraging private label and exclusive brands and expanding omnichannel retailing with buy online and pick up in store (BOPIS) strategies. To tackle the challenges of online rivals, Nordstrom and Macy’s are revamping their customer loyalty rewards programs, while Kohl’s is piloting a new one. Macy’s is testing experiential concepts, including virtual shopping and pop-up marketplaces. 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 WeekWhen Do US Shoppers Prefer to Use Their Smartphones than Ask Store Associates? Coresight Research August 19, 2019 QUESTION OF THE WEEK: When Do US Shoppers Prefer to Use Their Smartphones than Ask Store Associates? Smartphones have the advantage over store associates when shoppers are looking for data that informs their choice of product or service — such as reviews and specifications. Shoppers are less likely to use their smartphones for more complex queries such as their eligibility for offers. This document was generated for
Company Earnings UpdateVipshop (NYSE: VIPS) 2Q19 Results: Revenue and EPS Beat Consensus Thanks to Strong Apparel Sales and More Active Customers Coresight Research August 18, 2019 Executive Summary Vipshop reported 2Q19 revenues of ¥22.7 billion ($3.3 billion), up 9.7% year over year and beating the consensus estimate of ¥21.6 billion. The number of active customers increased 11% year over year to 33.1 million. The company expects total revenue to be ¥17.8–7 billion in 3Q19, equivalent to around 0-5% year-over-year growth. This document was generated for
Company Earnings UpdateAlibaba (NYSE: BABA) 1Q20 Results: EPS Beats Estimates, Strong Revenue Growth Driven by China Marketplaces and Cloud Segment Coresight Research August 18, 2019 Executive Summary Alibaba reported 1Q20 revenue of ¥114.9 billion ($16.7 billion), up 42.0% year over year but below the consensus estimate of ¥115.6 billion. 1Q20 revenue came in below the consensus estimate of ¥115.6 billion, while non-GAAP diluted EPS of ¥12.55 beat the consensus estimate of ¥10.28. The company remains confident to deliver robust growth despite economic uncertainty, given China’s growing middle class, urbanization in lower-tier cities and rapid expansion of digitalization. This document was generated for
Flash ReportOnline Supermarket Joint Venture Dada-JD Daojia Considering $500 Million US IPO in May 2020 Coresight Research August 18, 2019 Executive SummaryChinese online grocer Dada-JD Daojia is reportedly in talks with bankers to raise around $500 million in a US IPO in May 2020, according to an article published by The Information. The talks are in early stages, and the venture has not made a decision on the amount it intends to raise or whether to list on the NASDAQ or the New York Stock Exchange, according to the article. Dada-JD Daojia was created in 2016 through the merger of JD.com’s supermarket business and crowdsourcing delivery service Dada Nexus, with a 10% stake owned by Walmart. The venture provides a one-hour professional delivery service for more than 74 million users, working with more than 5,000 retailers including Walmart, Carrefour, Vanguard, Yonghui supermarket and Watsons. This document was generated for
Insight ReportJuly 2019 US Monthly Retail Traffic and In-Store Metrics Report: Increased Traffic Post Independence Day Weekend Coresight Research August 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 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 July Retail Traffic report: US store traffic declined 3.8% year over year in July. The conversion rate declined 0.2 percentage points, average transaction value (ATV) grew 3.9% and the product return rate declined 0.3 percentage points. July’s traffic varied over the course of the four weeks: The week after the Independence Day weekend performed the best. July 16, the second day of Amazon’s two-day Prime Day, registered low traffic. The west experienced the largest decline in traffic at 5.8% and the south experienced the largest decrease in sales at 3.3%. The south had the smallest decline in traffic at 2.7% and the northeast had the largest increase in sales at 3.5%. 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 DiveRFID and NFC in Retail Coresight Research August 18, 2019 Executive SummaryRadio Frequency Identification (RFID) and Near Field Communication (NFC) are key technologies to digitalize store operations and can be instrumental to facilitate omnichannel retail. RFID makes inventory management more efficient. Retailers such as Lululemon, Macy’s and Uniqlo have partnered with RFID providers Avery Dennison, SML and Catalyst to use the technology. NFC technology enables retailers to engage with shoppers in store, deliver personalized shopping experiences and understand the impact of marketing strategies. Brands and retailers such as Zola, MediaMarktSaturn and Mammut Sports have already adopted NFC. We believe RFID and NFC will be instrumental to successfully implement data-intense emerging technologies such as artificial intelligence (AI), machine learning and blockchain in retail. 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 Report30 Global Retail Cities: Mexico City Coresight Research August 16, 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. These are our highlights from Mexico: Mexico City is not only the nation’s capital, it is also its shopping and retail capital. Mexico’s diverse ethnic composition influences the designs, arts and crafts available in many popular shopping districts – along with the works of new and upcoming local designers. Mercedes-Benz Fashion Week serves as the nation’s only dedicated fashion festival, drawing designers from across the country. 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 ReportJuly 2019 US Retail Sales: Growth Accelerates in Most Sectors Coresight Research August 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 July US Retail Sales Report: Total US retail sales excluding gasoline and automobiles increased 5.6% year over year in July, strengthening from the 2.2% year-over-year rise in June. Furniture and home-furnishing store sales rose 2.0% year over year in July, following June’s 2.9% decrease. The clothing sector saw sales slip 1.6% in July, following a 2.4% drop in June. Department store retailers posted a sales decline of 3.6%, following June’s 5.5% decline. In July, nonstore retailers saw sales rise 19.3% year over year, following the 11.9% year-over-year rise in June. This sector may have been boosted by Amazon Prime Day, which fell in mid-July. 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 33: Avenue to Close All Stores Coresight Research August 16, 2019 Executive SummaryOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. 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 7,922 store closures and 3,231 store openings. This compares to 5,844 closures and 3,258 openings for the full year 2018. Year to date, UK retailers have announced 416 store closures and 626 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
