Insight ReportInnovator Intelligence: Solving Retail’s Most Expensive Problem With AI-Powered Returns Reduction Coresight Research July 1, 2019 Executive SummaryThis report forms part of our Innovator Intelligence series, which focuses on emerging companies disrupting traditional retail and fueling innovation across the retail value chain. Returns are a costly and growing headache for retailers. As e-commerce continues to grab a greater share of the retail market, the overall retail return rate will continue to climb. Customers increasingly consider fast, free and easy returns to be a basic right of online shopping, making return costs one of the retail industry’s most expensive problems. Shoppers returned $396 billion worth of purchases in 2018 – brick-and-mortar and online, according to the National Retail Federation (NRF). To control costs and improve the customer experience, retailers are continually looking for technology solutions that identify the root causes of returns by expanding return-centric knowledge about suppliers and customers. Newmine’s Chief Returns Officer is an AI-powered returns reduction platform that helps retailers manage and reduce returns by collecting internal and external data, incorporating data science for analysis, alerting the relevant teams to root causes in near real time, managing resolutions and measuring success. See below for the full report. 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 UpdateWalgreens Boots Alliance (NYSE: WBA) 3Q19 Results: Slow Performance at Boots UK, Company Reviewing Its US Store Estate Coresight Research July 1, 2019 Executive Summary Walgreens Boots Alliance reported marginal revenue growth of 0.7% in 3Q19, to $34.6 billion, in line with the consensus estimate. Diluted EPS came in at $1.13, down 16.3% year over year and below the consensus estimate of $1.19. Comps for the Retail Pharmacy USA business fell 1.1%, while Retail Pharmacy International comps decreased 6.8%. For FY19, Walgreens maintained guidance for roughly flat EPS at constant currency. 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: Miami Coresight Research June 28, 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: Miami is the most populous metro region in the southern US after Washington, D.C., is home to people from a variety of cultural backgrounds – and has the largest concentration of international banks of any city in the US. Iniva Boutique is a concept store that features arts, crafts, décor, apparel, accessories and home design pieces from Africa. Upper Buena Vista is a no ordinary shopping mall: It’s a quaint collection of shops and eateries and dubs itself a “retail sanctuary” – all set in a jungle-like atmosphere. 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 ReportMay 2019 Monthly Consumer Update: US, UK and China Coresight Research June 28, 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. Each month, we round up key metrics that reflect consumer demand in the US, the UK and China. In these updates, we focus on direct, leading indicators of the health of the consumer economy — namely, wage growth, price changes and retail sales growth. In May: US wage growth softened a little, as did inflation. UK retail sales were weak, with a slowdown across several major sectors. China retail sales growth picked up to 8.6%, but inflation was high in food. 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 JUNE 28 2019 Coresight Research June 28, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at the state of US retail amid an ongoing wave of store closures. Walmart’s Mexico business Walmex will let customers order groceries for delivery using messaging service WhatsApp. Customers send a shopping list to Walmart’s WhatsApp number and pay by card or cash on delivery. French hypermarket chain Carrefour will sell 80% of its China business to retailer Suning.com. Carrefour will retain a 20% stake and two of the seven board seats. German cash-and-carry retailer Metro has responded to a takeover offer of €5.8 billion ($6.6 billion) from EP Global Commerce (EPGC), an acquisition entity owned by Czech and Slovak investors, saying it significantly undervalues the company. 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
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2019, Week 26: Fred’s Set to Close More Stores Coresight Research June 28, 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 7,037 store closures and 2,992 store openings. This compares to 5,864 closures and 3,251 openings for the full year 2018. Year to date, UK retailers have announced 325 store closures and 444 store openings. Following Ascena Retail’s June 10 quarterly report which revised its store closure numbers, we updated the Coresight Research estimate for the company’s store closures, which lowered the previously announced total figure for 2019 announced store closures. 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 UpdateH&M (STO: HM-B) 2Q19 Results: Gains Market Share, Cuts Markdowns, Points to Long-Term Benefits of Transformation Coresight Research June 28, 2019 Executive Summary H&M confirmed its 2Q19 sales came in ahead of estimates and reported EPS of SEK 2.76, down 1.4% year over year and missing the consensus of SEK 2.81. Gross margin contracted 73 basis points (bps) to 55.4%, slightly below consensus of 55.5%, due to investments in transformation work. H&M reduced its store opening target and now plans a net addition of 130 stores in 2019 compared to 175 stores targeted earlier (including 295 openings and 165 closures). 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 UpdateNike (NYSE: NKE) 4Q19 Results: Strong Performance in Direct and Wholesale, Brand Gains Global Market Share Coresight Research June 28, 2019 Executive Summary Nike 4Q19 revenues rose 10% at constant exchange rates, driven by growth across Nike Direct and wholesale. Sales in China grew double digits at constant exchange rates for Nike brand in all categories. The outlook for FY20 is high-single-digit revenue growth offset by foreign exchange effects (which are expected to abate in 2Q20), about 50 bps gross margin expansion and high-single-digit SG&A expense growth, in line with revenue 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
Insight ReportXcel Brands x Coresight Research Monthly Fashion Trend Report Coresight Research June 27, 2019 Executive SummaryThe Xcel Brands x Coresight Research Monthly Fashion Trend Report highlights 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. For more data, please see our Fashion Trend Monthly Data Report. Xcel Brands uses quantitative and qualitative data to compile the monthly trend report and create lookbooks which include data from Trendalytics. Reflective pants are a top growing fashion trend, with 68% of reflective pants selling at full price online in May 2019. Reflective pants had the highest rate of online search growth, with an average of 5,479 searches per week, up 339.8% compared to last year, according to Trendalytics data. Feminine tops and dresses with volume sleeve details continue to do well across all price points and continue to attract consumers of all ages, according to social media postings. Puff sleeve tops are showing particular success in the $25-49 price range, with over 29% of retailers pricing tops in this range. Dusty pink color is a mature trend that is beginning to see market saturation across fashion trends. We believe this color will be popular only at competitive prices, with new patterns or differentiating details. 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
Flash ReportAlibaba’s Tmall Global Launches Its First English-Language Website Coresight Research June 27, 2019 Executive SummaryAlibaba’s Tmall Global, China’s largest business-to-consumer (B2C) cross-border online marketplace, launched its first English-language website on June 26. The website gives an opportunity for international brands and merchants looking to enter the China market through a more streamlined process. Tmall Global saw significant growth in 2018, with the number of new flagship store openings doubling year over year. That rate is expected to accelerate even further this year. The new website presents various Tmall Global solutions, including instructions on how to use Tmall Overseas Fulfillment (TOF), a new initiative that allows international brands to store merchandise in TOF warehouses on a consignment basis before entering China. Tmall Global plans to unveil different versions of the website in other languages, including Korean, Japanese and Spanish. Some of the US brands that have already tapped into Tmall Global’s solutions include: 100% Pure, Evereden, Emily’s Chocolates & Nuts and Dr. Bronner’s. 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: The Internet of Things Brings Efficiency and Accuracy to the Supply Chain Coresight Research June 27, 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 the Internet of Things (IoT), a technology used extensively in a variety of industries’ supply chains. Global spending on IoT is estimated to reach $745 billion by the end of 2019, an increase of 15.4% year over year (YoY) compared to $646 billion spent in 2018, according to market intelligence company International Data Corporation. Companies use IoT to enhance workflow, optimize logistics and streamline delivery at various stages of the supply chain. IoT has a variety of applications 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 ReportFashion Trend Monthly Data Report – June 2019 Coresight Research June 26, 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. Reflective pants are a top growing fashion trend, with 68% of reflective pants selling at full price in the online marketplaces in May 2019. Reflective pants had the highest rate of online search growth, with an average of 5,479 searches per week, up 339.8% compared to last year, according to Trendalytics data. Feminine tops and dresses with volume sleeve details continue to do well across all price points and continue to attract consumers of all ages, according to social media postings. Puff sleeve tops are showing particular success in the $25-49 price range, with over 29% of retailers pricing tops in this range. Dusty pink color is a mature trend that is beginning to see market saturation across fashion trends. We believe this color will be popular only at competitive prices, with new patterns or differentiating details. 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 ReportWalmart: A Timeline of Key Events Coresight Research June 26, 2019 Executive SummaryAs part of our Retailers’ Timelines series, we examine a timeline of key events in Walmart’s recent history. From 2016 to 2019, we saw Walmart focus on managing its store fleet efficiently, strengthening its e-commerce business and expanding its omnichannel capabilities. To bolster its global online proposition and compete with Amazon, Walmart also made a series of strategic acquisitions. In April 2019, Walmart launched Intelligent Retail Lab, an AI-powered “store of the future,” in Levittown, New York. In May 2018, Walmart acquired a majority stake in Indian e-commerce marketplace Flipkart. In 2017, the retailer acquired Bonobos, a US-based e-commerce company focused on men’s apparel, and Moosejaw, an outdoor apparel retailer. In 2016, Walmart acquired online women’s clothing and accessories retailer ModCloth and e-commerce platform Jet.com. To view more research related to Walmart, click here. 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
Insight ReportUS Independence Day 2019 Preview: Americans Set To Spend $6.8 Billion, Down Slightly from 2018 Coresight Research June 26, 2019 Executive Summary According to the Independence Day spending survey from the National Retail Federation (NRF) and Prosper Insights & Analytics, about 86% of Americans plan to celebrate the 4th of July holiday this year, compared to last year’s 87%. The NRF projects total spending on food for the holiday this year will be $6.78 billion, lower than the past two years. About 61% of people surveyed plan to attend a cookout or barbecue, while nearly 40% plan to attend fireworks displays. Only 14% of those surveyed said they would travel over the holiday. The average expected spend per person on food will be $73.33 this year, down 2.7% from last year. 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 DiveSilver Consumers in the US, 2019 Coresight Research June 26, 2019 Executive SummaryIn this report, we look at the senior population in the US, its spending power and spending habits. The 65+ age group accounted for 16% of the US population in 2018, or over 50 million people, and is expected to grow by 40%, or 20 million, through 2030. Spending by senior households amounted to $1.6 trillion in 2017, up 10% year over year. Of the $1.6 trillion, $1.0 trillion was spent by households headed by those between the ages of 65 and 74, while the remaining $0.6 trillion was spent by households headed by those aged 75 and over. Apparel is one category that US senior households underindex on severely: They account for just 16% of total consumer household spending on the category compared to their 24% share of US households. 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
