Flash ReportAmazon Announces a 48-Hour Prime Day for 2019 Coresight Research June 26, 2019 Executive SummaryAmazon has announced the timing of its annual Prime Day, which this year will be a two-day shopping festival starting July 15, just after midnight Pacific Time. The 48-hour Prime Day will be the longest Prime Day sale so far, up from the 36-hour Prime Day in 2018. Prime Day 2019 will feature more than one million deals globally, including what the company says will be “the biggest deals ever” on Amazon Music, Prime Video, and Alexa-enabled devices. Discounts will also be available at Whole Foods Market. Prime members from 18 countries worldwide can participate in the sale, including the United Arab Emirates (new this year). For the first time, members can shop deals from US-based innovators, artisans and entrepreneurs, and entertainment events and celebrity brand collaborations add excitement to the event. Coresight has been covering Amazon Prime Day since it was launched in 2015 and additional reports can be accessed here. 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 PresentationThe Rise of AI-Powered Retail (RetailX) Coresight Research June 25, 2019 Executive SummaryThis presentation was given as part of the Retail Touchpoints Live! Track at the RetailX conference. It discusses how AI is an essential technology for retail, the CORE framework for categorizing and analyzing retail and current applications. Topics include: More retailers will turn to AI for better inventory and pricing decisions AI elevates accuracy, efficiency and experience Alibaba successfully used AI tro drive sales growth on Singles’ 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
Company Earnings Update1Q19 US Earnings-Season Wrap-Up Coresight Research June 25, 2019 Executive SummaryThis report reviews the most recent quarterly earnings for (mostly) US-based companies in the Coresight 100, our focus list of retailers, brand owners and real estate firms. A total of 67 Coresight 100 retailers, brands, e-commerce platforms and REITs are included in this 1Q19 wrap-up. Nearly two-thirds (60% or 40 companies) beat consensus estimates on the revenue line, 34% (23 companies) missed revenue consensus estimates and 6% (four companies) reported revenues in line with the consensus. More than three-quarters (76% or 51 companies) beat consensus earnings estimates (EPS and FFO), 19% (13 companies) missed earnings estimates and 5% (three companies) reported earnings in line with 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
Insight ReportInsights from China: How Brands Can Use Video App TikTok Coresight Research June 25, 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 the business operations and future outlook. In this report, we look at the hit short-video app TikTok and how the app attracts users and brands to its platform. 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 WeekHow Much Does the US Depend on China for Its Furniture Imports? Coresight Research June 24, 2019 QUESTION OF THE WEEK: How Much Does the US Depend on China for Its Furniture Imports? China accounted for almost 60% of the furniture imported to the US by value in 2017. That was almost five times the share accounted for by the second largest exporting country, Vietnam. This document was generated for
Deep DiveReviewing Grocery Tech Innovations from Walmart and Kroger Coresight Research June 24, 2019 Executive SummaryThe digitalization of grocery retailing is about much more than e-commerce. In the US, Walmart and Kroger are leading the charge in digital adoption across the grocery supply chain. In this report, we review a number of grocery tech innovations from these two retailers. Self-scan and autonomous checkouts are gaining traction, giving customers the option to skip the checkout lines and helping retailers save on labor costs. Walmart has launched an upgraded Scan & Go service in its Sam’s Club chain, where customers scan barcodes and pay through a smartphone app. Walmart is working with Waymo to provide pick up and drop service to customers, using self-driving vehicles. Kroger is trialing the use of self-driving vehicles for grocery deliveries, in collaboration with Nuro. Walmart and Microsoft announced a five-year cloud partnership to drive digital transformation, supported by artificial intelligence (AI), cloud technologies and the Internet of Things (IoT). Kroger has partnered with Ocado to strengthen its e-commerce capabilities. Kroger and Ocado plan to build 20 automated customer fulfillment centres. 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 ReportFacebook Announces its New Digital Cryptocurrency: the Libra Coresight Research June 24, 2019 Executive SummaryOn June 18, 2019, Facebook launched a new subsidiary named Calibra, whose first project is a digital wallet for a new global currency called Libra that is powered by blockchain technology but backed by real assets. The wallet will be available in Messenger, WhatsApp and as a standalone app. Its launch is expected in 2020. One of the motivations for Libra is that nearly half the adults in the world lack an active bank account – particularly in developing countries – and migrants spend $25 billion annually on remittance fees. Calibra promises the ability to send payments to nearly anyone or pay bills with a smartphone as easily as sending a text message at little or no cost. The platform also promises to offer strong security protections using the same verification and anti-fraud processes that banks and credit cards use, in addition to automated systems that will proactively monitor activity to detect and prevent fraudulent behavior, as well as protect user privacy. Facebook has signed up 27 companies to back the new cryptocurrency, including Visa, Mastercard, PayPal and Uber. Coresight’s take: The concept sounds intriguing and has received important validation from major financial institutions; however, Libra’s arrival remains “a long way from launch” according to COO Sheryl Sandberg, and Calibra faces regulator concerns as well as a skeptical public following consumer privacy concerns following the prior misuse of the company’s data. 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 ReportCarrefour Announces Sale of Majority Stake in Its China Operations to Suning.com Coresight Research June 24, 2019 Executive Summary Carrefour has agreed to sell an 80% stake in its China business to Suning.com. The agreement includes options for Carrefour to sell the remaining 20% to Suning.com after two years. The move follows Amazon exiting China and Aldi opening its first stores in the country. 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: Tokyo Coresight Research June 21, 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 Tokyo: Harajuku is known for its colorful street art and retail stores – filled with quirky vintage stores as well as high-end boutiques The Tsutaya T-site is in Daikanyama district. The store has an amazing collection of books which creates a library-like atmosphere. The store spreads across three interlinked buildings with a 55-meter-long aisle that cuts through the store. Lush Harajuku is the first Lush store in the world to offer only bath bombs, no other products – and many of the bath bombs at the store cannot be found elsewhere. 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 21 2019 Coresight Research June 21, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at how consumer expectations around sustainability are shifting – and what companies can do to meet these rising expectations. Target is bringing its same-day delivery to the masses — the latest move in an ongoing delivery war involving the big-box retailer, Walmart and Amazon. Online shoppers in 47 states can get same-day delivery for $9.99 per order. Swiss watchmaker Omega opened its first online store on China’s Tmall Luxury Pavilion. Omega will sell a limited-edition watch online for several weeks before it’s available in stores. Canadian footwear retailer Aldo has launched an online store in Colombia, its first in South America. Customers can pay in Colombian pesos or US dollars. 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 UpdateKroger (NYSE: KR) 1Q19 Results: Comp Growth Slows, Management Guides for an Uptick Coresight Research June 21, 2019 Executive Summary For 1Q19, Kroger reported same-store sales growth ex fuel of 1.5%, below the consensus estimate of 1.7% and slowing from 1.9% in the prior quarter. Adjusted EPS of $0.72 was just ahead of the $0.71 consensus and just below $0.73 in the year-ago period. Management confirmed FY19 guidance of same-store sales growth of 2.0-2.25% and EPS of $2.15-2.25. 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 25: Rebag Continues Store Expansion Coresight Research June 21, 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. 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 6,986 store closures and 2,985 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. 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 UK Retail Sales: Soft Growth, Driven by Smaller Retailers Coresight Research June 21, 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 May UK Retail Sales Report: The Office for National Statistics (ONS) reported weak growth of 2.1% year over year in May, driven by smaller retailers. Large retailers, which form the bulk of most sectors, eked out a 0.9% year-over-year increase. Clothing stores, department stores/mixed-goods retailers and DIY/hardware stores all saw sales decline, with poor weather likely contributing. Grocery retailer sales were up only slightly. Shop-price inflation stood at 0.1% in May, meaning almost all gains (where there were gains) were volume driven. 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-China Trade Issues: The Battle for Apparel Coresight Research June 21, 2019 Executive SummaryUS-China trade issues continue to affect different industries. In this report, we review recent developments in the tariff dispute and the impact on apparel. A June 18 phone call between US President Donald Trump and Chinese President Xi Jinping to discuss meeting during the G20 summit gave everyone hope for a resolution. While tariffs have pushed up the average retail price of China-sourced apparel, in theory eroding China’s competitive edge, the country still dominates US apparel sourcing. Apparel brands are diversifying sourcing sites away from China, adopting a “China plus Vietnam plus many” strategy. 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 CoverageNotes from Salesforce Connections 19: Enhancements to Customer 360 Platform to Help Retailers Personalize the Customer Experience Coresight Research June 21, 2019 Executive SummaryThe Coresight Research team attended Salesforce Connections 19, held June 17-19 in Chicago. The focus of the show was Salesforce’s Customer 360 platform (announced at Dreamforce in September 2018), which received a suite of enhancements and interconnected tools. Enhancements include the unification of customer data, audience segmentation, personalization everywhere and optimization from Salesforce’s Einstein artificial-intelligence platform. Updated tools include a new commerce web page designer, Heroku solution kits for developing cloud apps for e-commerce and an update MuleSoft accelerator, which helps integrate applications – all supported by testimonials and demos from customers Party City, Spalding and Land O’Lakes. Salesforce aims to create platforms and tools to connect customers and other stakeholders in a new way, creating human connections for great experiences. 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
