Company Earnings UpdateBoohoo Group (LSE: BOO) 1Q20 Update: Beats on Revenue, Maintains FY20 Outlook Coresight Research June 13, 2019 Executive Summary Boohoo Group reported 1Q20 total sales of £254.3 million, up 39% year over year at constant exchange rates and as reported, and beating the consensus estimate of £253.7 million recorded by StreetAccount. The group’s gross margin marginally contracted 20 basis points to 55.0%. For FY20, the Group maintained its previous guidance of revenue growth in the range of 25% to 30% and an adjusted EBITDA margin of around 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
Insight ReportSupply Chain Briefing: Blockchain Brings Traceability and Product Authenticity to the Supply Chain Coresight Research June 13, 2019 Executive SummaryIn our weekly series Supply Chain Briefing, 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 blockchain, a distributed ledger technology used in supply chain across a variety of industries. The blockchain supply chain market is estimated to grow from $145.0 million in 2018 to $3.31 billion by 2023, according to market research firm MarketsandMarkets. Brands from different industries use blockchain technology to enhance transparency and traceability along the supply chains. Blockchain has applications across the retail and consumer goods industries. Below, we illustrate the seven major components of a retail supply chain, and some of the technologies that can support processes at various stages – from product design to end consumer. 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 UpdateCanada Goose (NYSE: GOOS) 4Q19 Results: Grows Revenues 25%; Guides for Growth of at Least 20% in FY20 Coresight Research June 12, 2019 Executive Summary Canada Goose reported adjusted EPS of C$0.09 for 4Q19, beating the consensus estimate of C$0.05, and revenues of C$156.2 million, missing the consensus estimate of C$157.5 million. Gross margin was 65.6%, up 290 basis points year over year. Gross profit increased to C$102.4 million from C$78.2 million. For FY20, the company guided for at least 20% revenue growth and 25% adjusted EPS 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
Company Earnings UpdateVF Corporation (NYSE: VFC) 4Q19 Results: Spins Off Kontoor Brands, Adjusts Outlook Coresight Research June 12, 2019 Executive Summary VF Corp. total revenues were $3.21 billion, up 5.5% year over year (9% at constant currency), in line with the consensus estimate. Adjusted EPS declined 10.4% to $0.60, beating the $0.58 consensus estimate. Gross margin expanded 30 basis points to 51.1%, including a 70-bps negative impact from the spin-off of Kontoor Brands. For FY20, management guided for revenue growth of 5–6% and adjusted EPS growth of 15–17%. 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 CoverageICSC RECon 2019: Five Ways to Reinvent Brick-and-Mortar Retail Coresight Research June 12, 2019 Executive SummaryThe Coresight Research team attended and participated in the International Council of Shopping Centers (ICSC) 2019 RECon event, in Las Vegas, May 19-22. These are some of the highlights: The mall is not dead, just being reincarnated as landlords look for creative ways to reinvent the mall experience to draw in customers – and beat back the trend of rising store closures. Retail investment in artificial intelligence (AI) is now greater than that of the banking sector, and AI will become retailers’ go-to technology to strip friction from brick-and-mortar retail. We continue to see the gamification of retail, as consumers respond more positively to interactive 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
Flash ReportHudson’s Bay Company Reviewing Proposal to Go Private, Announces Sale of German Operations for $1.5 Billion Coresight Research June 12, 2019 Executive SummaryOn June 10, 2019, Hudson’s Bay Company (HBC) announced that its board of directors had formed a special committee of independent directors to review a shareholder proposal to privatize the company. HBC also announced it had entered into an agreement to sell its real estate and retail operations in Germany for $1.5 billion (€1 billion). HBC formed a special committee of independent directors to review a proposal from HBC shareholders to privatize the company at a price of C$9.45 per share, or approximately $1.28 billion as of the company’s closing price on June 7, 2019, a 48% premium. HBC announced it entered into an agreement to sell its stake in its German real estate joint venture and retail joint venture for $1.5 billion. As part of the transaction, HBC will assume ownership of the Netherlands retail business. The proceeds will be used to strengthen HBC’s balance sheet and to fully repay the company’s term loan of $436 million. These two announcements come on the heels of the company’s recent press releases regarding Lord & Taylor: On May 6, 2019, HBC reported the company was reviewing strategic alternatives for department store Lord & Taylor, including a possible sale or merger. On February 11, 2019, Hudson’s Bay closed the sale of the building for its New York City Lord & Taylor flagship store on Fifth Avenue for a total transaction value of $850 million (C$1.1 billion). 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 ReportChina’s Midyear 6.18 Shopping Festival: E-Commerce Platforms Report a Strong Start Coresight Research June 12, 2019 Executive SummaryThe 6.18 festival, created by JD.com, has grown in recent years to become a major midyear e-commerce event in China, with other e-commerce platforms also joining in and offering discounts — this includes rival Alibaba-owned Tmall and Taobao. Despite its name, the 6.18 shopping festival is not only one day (June 18): JD.com kicked off the 6.18 a pre-sales period from May 24 to May 31, and the festival will end on June 20. JD.com has partnered with various social media platforms, such as short video platforms TikTok and Kuaishou, to attract young consumers. Alibaba platforms such as Taobao and Tmall have also rolled out various initiatives to enhance customer engagement, including offering around 1.5 million new products, many of which were developed using Tmall 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 DiveReality Technology in Retail Coresight Research June 12, 2019 Executive SummaryReality technology — also defined as immersive technology — describes the platforms that use digital technology to emulate physical objects and real-life experiences and comprises virtual reality (VR), augmented reality (AR) and mixed reality (MR). In this report we: Define the different types of reality technology platforms and describe the potential for their application in retail. Show how retailers are collaborating with technology firms and startups to implement reality technology in commercial operations. Describe how the application of reality technology is changing the way consumers shop by introducing new ways for retailers to engage with them and enrich the shopping journey with tools that can inform shoppers’ decision-making process. Show how retailers, including Macy’s and Amazon, have introduced reality technology to give customers virtual “try before you buy” services and new ways to shop. We describe how retailers are expected to accelerate the adoption of reality technology into operations thanks to the introduction of next generation 5G mobile communication that is expected to be able to support numerous more advanced uses of reality technology. 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 ReportUnilever to Acquire Skincare Brand Tatcha for a Reported $500 Million Coresight Research June 11, 2019 Executive SummaryUnilever has signed an agreement to acquire the prestige skincare brand Tatcha. Unilever reportedly paid almost $500 million for the brand. Tatcha was founded in 2009 by Victoria Tsai in San Francisco with an innovation center in Japan known as the Tatcha Institute. The brand is reportedly on track to bring in $100 million in net sales in 2019. The brand has become a cult favorite by introducing Japanese skincare to the world. Its products have become popular at retailers such as Sephora. At a reported $500 million, the deal marks the biggest acquisition by Unilever since it acquired Dollar Shave Club for $1 billion in 2016. The acquisition will support Unilever’s expansion of its prestige beauty segment. The Tatcha acquisition represents a meaningful strengthening of Unilever’s offering in prestige, natural beauty, further nudging the balance of the company’s beauty and personal care offering away from midmarket toiletries. 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 UpdateAscena Retail Group (NASDAQ: ASNA) 3Q19 Results: Mixed Results, Comps Beat Consensus for Most Brands Coresight Research June 11, 2019 Executive Summary Ascena Retail Group reported fiscal 3Q19 revenues of $1.27 billion, below the consensus estimate of $1.43 billion, and down 0.1% year over year. The company reported adjusted 3Q19 earnings per share (EPS) of $0.26, higher than the consensus estimate of $(0.36) but lower than the year-ago period. Ascena’s third quarter comparable sales were flat, above the consensus estimate of (2.8)%. Due to the the closure of the company’s Dressbarn business, for 4Q19, the company provided guidance only for the continuing operations of its premium fashion brands, plus fashion brands and kids segments; it projects net sales of $1.175 billion to $1.215 billion. Management expects comparable sales of (5)% to (3)%. 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: Aldi Opens First Stores in China Coresight Research June 11, 2019 Executive SummaryIn our weekly 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. This week, we look at German discount supermarket chain Aldi opening its first stores in China. The Coresight Research team visited the Jing’an store shortly after it opened, and we feature images from our visit in this 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
Flash ReportSalesforce to Acquire Leading Analytics Company Tableau for $15.7 Billion Coresight Research June 11, 2019 Executive SummaryOn June 10, 2019 Salesforce and Tableau announced an agreement under which Salesforce would acquire Tableau for an enterprise value of $15.7 billion in stock. The rationale for the acquisition is to accelerate customers’ digital transformations, enabling them to unlock data across the company, revealing deeper insights to make smarter decisions, drive intelligent customer experiences and accelerate innovation, according to the company. Worldwide spending on technologies and services to enable digital transformation is estimated at $1.2 trillion this year, reaching $1.8 trillion in 2022, according to IDC. Tableau offers a self-service analytics platform with a community of more than one million members. The company expects to report revenues of $1.4 billion this year and has 4,200 employees. The acquisition is expected to close during Salesforce’ 3Q ending October 31, 2019. The transaction is expected to add $350-400 million to FY 2020 revenue and reduce adjusted EPS by $0.37-0.39. Salesforce is enhancing its portfolio with the proposed addition of a leading business analytics and data visualization platform to its portfolio. The acquisition will add a community of customers in a broad spectrum of industries and enhance its analytics offerings, in addition to preventing the company from ending up in a competitor’s hands. 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 ReportFive Months to Singles’ Day: A Timeline to Prepare for Double 11 Coresight Research June 11, 2019 Executive SummarySingles’ Day, held annually on November 11, began as a festival of young Chinese people celebrating their pride in being single. Alibaba started promoting the day as a shopping day (now officially called the 11.11 Global Shopping Festival) back in 2009. Only 27 brands participated then, generating total GMV of $7.8 million. Last year, total GMV on Alibaba’s various platforms hit $30.8 billion, up 27% from the prior year and a whopping 252% CAGR over the past nine years. In our monthly reports counting down to Singles’ Day, we help retailers prepare for the event. In this report, we offer a five-step guide for preparing for Single’s Day: Set sales targets and plan for traffic. Plan your product mix and prepare inventory and warehousing. Formulate plans to drive traffic and conversion. Get the backend ready. Monitor progress throughout to ensure the best Singles’ Day results. Click here to read more Coresight coverage of Singles’ Day for the upcoming 2019 shopping event and prior years. 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 US Same-Store Sales: Costco’s Comps Below Consensus, Buckle’s Sales Drop, Cato’s Comps Meet Management Expectations Coresight Research June 11, 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 Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato. Highlights from our May US Same-Store Sales report: In May, Costco’s same-store sales growth was below the consensus estimate, although its e-commerce segment continued to post strong growth. Buckle posted a decrease in same-store sales, impacted by poor performance in its women’s segment. Cato posted positive same-store sales growth. The company said that May’s sales were in line with expectations. 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 Dive10 Trends Shaping The Future of Chinese Consumer Demand Coresight Research June 10, 2019 Executive SummaryChinese consumers have higher expectations than ever before: They are more digital than their Western counterparts, have rising incomes and are experiencing an explosion in retail and product options. Here are 10 trends that will shape Chinese consumer demand: A young and affluent population will fuel future consumption. Lower-tier cities will drive demand in future, and many shoppers in these areas buy in groups. The increasing obese population will grow the addressable plus-size apparel market. More shoppers will embrace “buy now, pay later.” The “lazy economy” is gaining traction. Men will be the new beauty consumer. Consumers are becoming more health conscious and going premium. Chinese consumers are traveling more for the experience than for shopping. Chinese shoppers are spending more on luxury domestically. Chinese consumers are influenced by online key opinion leaders (KOLs). 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
