Insight ReportInsights from China: Alibaba’s Freshippo Launches New Breakfast Pick-Up Store Coresight Research July 23, 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 outlook for the future. In this report, we look at Alibaba’s new Freshippo store format, Pick’n Go, which provides breakfast services in Shanghai. 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 ReportCoresight Matrix: Inventory-Optimization Software Coresight Research July 23, 2019 Executive SummaryThe Coresight Matrix series is designed to help Coresight Research clients better understand what is happening in key segments and with key players in retail technology. In this report, we look at new developments in inventory optimization software, and use our Coresight Matrix to rate leaders and emerging players by innovation effort and market power. Retailers remain under ever-increasing pressure to manage their inventories better to position the assortment at the right place, in the right amounts, at the right time, to prevent excessive discounting and stock-outs. Optimizing inventory has significant financial implications for the cash flow and profitability of a retailer, since inventory requires working capital, discounting hurts margins and stock-outs hurt sales. Continuing advances in computing power and software engineering enable ever more-powerful tools for analyzing inventory, which is enhanced by predicting demand. Machine learning (ML) and other artificial-intelligence (AI) tools can help predict demand, and companies using AI and predictive analytics to forecast demand can use these tools to predict and move towards optimal future inventory configurations. Companies employing AI/ML include IBM, Infor, Optoro, Nextail Labs, SAP and Trax Retail. Inventory-optimization software spans several multibillion-dollar markets, including supply chain management, warehouse management and analytics, and the software links to order-management and fulfillment systems. Players in the segment include ERP-software giants such as IBM, Oracle and SAP, in addition to several emerging innovators, including Celect, Nextail, Optoro, Relex, and companies in between. 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 PresentationSpectacular Retail (NRF) Coresight Research July 22, 2019 Executive SummaryThis presentation was given in an private event held alongside the NRF NXT conference. Spectacular Retail is driven by data and has been driven by the new consumer. Coresight’s BEST framework can help retailers approach physical retail. Topics include: Innovative store formats in China enrich the shopping experience Shopping festivals enrich the shopping experience Gamification engages consumers during shopping events 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 ReportUnlocking the Value of Social Commerce Models: Resale, Rental, Subscription and Community Building Coresight Research July 22, 2019 Executive SummaryBusiness models that are beneficial to society’s long-term development are strengthening their appeal as consumers increasingly seek retailers and brands that have meaning and purpose. Spending money in a more socially aware manner is a growing trend. Retailers and brands are highlighting their environmentally friendly, healthy, ethical and eco-aware efforts and integrating these concepts in brand messaging and marketing. The rise of social commerce business models, including resale, rental, subscription and community building, can generate value and contribute to sustainable development. Start-ups are pursuing this business opportunity, and we highlight four in this report: Kidbox, Part & Parcel, Rent the Runway and Villageluxe. 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 Dive2019 China E-Commerce Trends Midyear Update Coresight Research July 22, 2019 Executive SummaryAt midyear, we look at how major trends have played out in China e-commerce. In this report, we review the first half of 2019 and identify two additional trends we think will be significant for e-commerce in China in the second half of the year. This report updates our 10 Trends for China E-Commerce 2019 report. Our Top Five Trends as of Midyear 2019: Daigou continues to decline, with duty-free sales dropping precipitously. Short video apps add e-commerce functions to monetize traffic. WeChat mini programs add logistics API to fuel growth. Parcel delivery will be even faster: Brands need to adapt. New Retail will continue to prevail in online/offline integration. Two Trends We Expect to Play Out in the Second Half: Live streaming will emerge as the winning tool to sell plus-size apparel online in China. Shoppers in lower-tier cities will drive group buying. 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 Monthly Retail Traffic and In-Store Metrics Report: Independence Day and Father’s Day Boost Traffic Coresight Research July 22, 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 June Retail Traffic report: US store traffic declined 5.8% year over year in June. The conversion rate (CVR) advanced 0.3 percentage points, average transaction value (ATV) grew 4.7% and the product return rate advanced 0.2 percentage points. June’s traffic varied over the course of the four weeks: The week leading up to Independence Day on July 4 and the two days leading up to Father’s Day on June 16 performed the best. The fourth week of June reported slow performance. The midwest experienced the largest decline in traffic at 8.2% and the west and midwest experienced the largest decrease in sales at 2.7%. The south had the smallest decline in traffic at 3.4% and the northeast had the largest increase in sales at 5.6%. 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 UpdateASOS (LSE: ASC) 3Q19 Trading Update: Strong UK Demand but Operational Issues in the US and EU; Guidance Revised Down Coresight Research July 22, 2019 Executive Summary ASOS reported 3Q19 group revenues of £919.8 million, up 11% year over year on a constant-currency basis (up 12% year over year as reported). Active customers hit the 20 million mark. UK retail sales growth strengthened in 3Q19, while EU saw sales growth soften. US sales increased after a decline in the previous quarter. The company revised down its sales and gross margin guidance for FY19. This document was generated for
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. 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”). 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. 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. 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. 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
