Question of the WeekWhat Drives Beauty Product Purchase Decisions Among US Millennials? Coresight Research June 10, 2019 QUESTION OF THE WEEK: What Drives Beauty Product Purchase Decisions Among US Millennials? Millennials value trust in a brand more than anything else when buying a beauty product, followed by product price. The leading reasons are broadly in line across different age groups. This document was generated for
Company Earnings UpdateOllie’s Bargain Outlets (NASDAQ: OLLI) 1Q19 Results: Revenues Beat Consensus but Comps Miss, Guidance Remains In Line Coresight Research June 10, 2019 Executive Summary Ollie’s reported 1Q19 revenues of $324.9 million, up 17.8% and beating the $319.2 million consensus estimate. Adjusted EPS was $0.46, up 12.5% and beating the consensus estimate by 2 cents. Comparable sales increased 0.8%, slowing from 1.9% in the year-ago quarter and missing the 1.2% consensus estimate. Ollie’s guided for 2019 revenues of $1.44-1.45 billion, up 16-17% and in line with the $1.45 billion consensus, comps to increase 1-2%, and adjusted EPS of $2.13-2.17, up 16-19% and in line with the $2.15 consensus estimate. 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: Los Angeles Coresight Research June 7, 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. These are our highlights from Los Angeles: Nike By Melrose is a 4,000-square-foot, digital-meets-physical store, which the company refers to as a “Nike Live” store. Violet Grey stocks products used by makeup artists, while the company’s e-commerce site is part luxury editorial and part online store. The Warby Parker store has a green room in which customers can shoot 15-second videos using a variety of different backgrounds, such as a big pepperoni pizza, a palm tree-lined boulevard, an aquarium and more. 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 ReportFather’s Day Gift Ideas from Innovative Companies Emphasize Personalization, Sustainability, Subscriptions and Grooming Coresight Research June 7, 2019 Executive SummaryCoresight Research is featuring gift inspiration from five innovative companies for Father’s Day, spanning personalization, subscription services, sustainability and grooming. Father’s Day spending is expected to reach an all-time high of $16 billion in 2019, up from $15.3 billion last year, according to survey data from the National Retail Federation (NRF) and Prosper Insight & Analytics. According to the survey respondents, the most popular gifts this year will include special outings (46.8%), clothing (46%), gift cards (43%), books (21.5%) and personal care items (20.5%). Coresight Research has selected five inspiring gift ideas for today’s modern fathers from innovative brands including GiftNow and Same But Different that offer personalized gifts, MYRO and Birchbox Grooming that feature subscription boxes and OneBlade, which offers a luxury razor. 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 7 2019 Coresight Research June 7, 2019 Executive SummaryJune 7, 2019 This week’s note “From the Desk of Deborah Weinswig” looks at the massive changes technology has brought to retail over the years – and what’s coming next. Costco leads competitors in combating in-store theft, reporting that its shrinkage rate was just 0.11-0.12% of sales, compared to the 1.33% industry average in 2017. Amazon is bringing nearly 100 small online merchants to the high street with a series of pop-up shops across the UK in a year-long pilot program. Stores are to open in Manchester, Wales, Scotland, the Midlands, Yorkshire and the Southeast. Australian fashion retailer Cotton On has started selling in India through online shopping site Myntra, and plans to open a physical store in either Delhi or Mumbai by the end of 2020. 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 23: Abercrombie & Fitch to Shut Flagship Stores Coresight Research June 7, 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 7,222 store closures and 2,796 store openings. This compares to 5,864 closures and 3,239 openings for the full year 2018. Year to date, UK retailers have announced 325 store closures and 398 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
Company Earnings UpdateFive Below (NASDAQ: FIVE) 1Q19 Results: Revenues Beat Consensus While Comps Falls Short Coresight Research June 7, 2019 Executive Summary Five Below reported 1Q19 revenues of $364.8 million, up 23.1% year over year and beating the $364.2 million consensus estimate. EPS was $0.46, up 17.1% year over year and beating the consensus estimate by 12 cents. Comps increased 3.1%, missing the 3.7% consensus and down from 3.2% in the year-ago quarter. The company guided for 2019 revenues of $1.86-1.88 billion, up 20-21% but below the $1.89 billion consensus and for EPS of $3.11-3.18, up 17-19% and above the $3.09 consensus. 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 ReportUS-China Trade Issues: The Battle for Footwear Coresight Research June 7, 2019 Executive SummaryThe US-China trade dispute has affected both countries: The volume of China’s exports to the US fell for five months in a row while US exports to China have slid eight months in a row. Here are some of the latest skirmishes: On June 1, China increased tariffs on 5,000 categories of US goods worth of $60 billion, in response to the US move to increase tariffs on $200 billion worth of Chinese goods China released a white paper outlining its position on June 2, a clear effort to show its unbending position. China remains a dominant supplier of footwear imported into the US, but with the ongoing exchanges of tit for tat tariff increases, we expect sourcing to shift to alternative sources such as Vietnam, Cambodia, Indonesia and Italy. Footwear brands are feeling the heat, as China offers an established base with infrastructure and manufacturing know-how difficult to replicate in other locations. 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
Market Navigators/Market OutlookSector Overview: US Home and Home Improvement Retailers Coresight Research June 6, 2019 Executive SummaryEach of our Sector Overview reports provides an essential briefing on a sector or market. Findings in US home and home improvement include: Interest rates are likely to remain stable for the rest of the year. US consumer confidence appears to have peaked and spending preferences are still directed at home improvement, but the growth rate of spending on home improvement is expected to slow. Data on housing permits, starts and completions show mixed signals. Growth in US existing home sales continues to experience a slowdown and home prices were up 4.2% in January 2019, based on the S&P/Case-Shiller index. Lowe’s revamped management is targeting operational improvements at the company. RH is positioning itself as much more than just a hardware store, calling its stores “galleries” and seeing itself building a luxury platform and brand with a “discerning level of taste.” 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 CoverageRetail Innovation Club Annual Event: Start-Ups are Central to Consumer-Driven Innovation Coresight Research June 6, 2019 Executive SummaryOn June 3, Israel’s Retail Innovation Club hosted its annual event in Netanya, Israel, connecting senior members of the retail industry with Israeli retail-tech start-ups. This report features our insights from the event. Innovation in retail is driven by the customer in every aspect, from providing an environment that encourages shopping behavior to managing perceptions about being tracked throughout the shopping process. Start-ups are essential to the retail industry’s ability to adapt to change and remain relevant. The consumer experience is the new battleground, replacing price and product. Consumers don’t have to go to stores any more – they have to want to go. The pace of change and innovation is being driven by four main players: 1. Established manufacturers, 2. Established retailers, 3. Start-ups, and 4. Big tech companies. 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: 3D Printing Brings Efficiency and Innovation to the Supply Chain Coresight Research June 6, 2019 Executive SummaryThis report discusses 3D printing, a technology used in the supply chain across a variety of industries. 35% of companies said they planned to use 3D printing in 2018, compared with just 22% in 2017, according to supply chain management company Kenko. Brands from different industries use 3D printing to shorten product cycles and create customized products. Examples of 3D printing applications range from footwear to cosmetics. To view more research related to supply chain, click here. 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 CoverageCapri Holdings 2019 Investor Day: Brand Growth Expected to Drive Revenues to $6 Billion in FY2020 Coresight Research June 6, 2019 Executive SummaryCoresight Research attended Capri Holdings’ 2019 investor day on June 4, 2019, in New York City. Here are the key takeaways: The company expects to achieve $6 billion sales in FY20, a 15.4% increase compared to FY19. The company is creating synergy opportunities and actively developing plans to realize savings. It is also creating transformation initiatives in warehousing and logistics, IT and back office shared services. Capri plans to increase the number of Versace retail stores to 300 from 188 in tandem with accelerating e-commerce and omni-channel development. At Jimmy Choo, the focus is on expanding the sneaker business to 20% of the whole footwear business, and at Michael Kors to grow Asia business to $1 billion in revenue and expand e-commerce business in China. 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 UpdateAmerican Eagle Outfitters (NYSE: AEO) 1Q19 Results: Beats Sales and Comp Estimates, Launching Inclusive Sizes Before Back to School Coresight Research June 6, 2019 Executive Summary American Eagle Outfitters reported fiscal 1Q19 revenues of $866.3 million, higher than the consensus estimate of $855.5 million, and up 7.7% year over year. The company reported adjusted 1Q19 earnings per share (EPS) excluding restructuring charges of $0.24, higher than the consensus estimate of $0.21 and higher than the year-ago period. American Eagle’s first quarter comp sales rose 4% compared to the consensus estimate of 1.7%, while Aerie’s comparable sales increased 14%, higher than the consensus estimate of 13.3%. For 2Q19, the company projects earnings per share of $0.30-0.32, lower than the consensus estimate of $0.35, and lower than last year’s second quarter EPS of $0.34. Management expects comparable sales to increase in the low single digits compared to the consensus estimate of 2.7%. 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 ReportUS Grocery Embraces Pop-Ups Coresight Research June 5, 2019 Executive SummaryIn this report, we share insights on grocery pop-up stores, the benefits they offer and what grocery retailers are doing in the space. Grocery retailers and brands have started experimenting with pop-up stores. Some include online pure-play retailer Jet.com, meal kits firm Blue Apron, brand owner Kraft, startup SÜPRMARKT and gourmet food retailer Harry & David. Pop-ups offer the opportunity to build private-label brand recognition and create new revenue streams, and transform grocery shopping into a more exciting experience through compelling store designs, fun events, food festivals, health seminars and cooking demonstration events. We expect more grocery retailers to use pop-up stores to test new products, brands, store designs and locations. 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 UpdateTiffany & Co. (NYSE: TIF) 1Q19 Results: Misses Revenues, Worldwide Comps Decline Coresight Research June 5, 2019 Executive Summary Tiffany reported EPS of $1.03, down 9.7% and beating the consensus estimate of $1.01. Total revenue for the quarter declined 2.9% to $1.00 billion, missing the consensus estimate of $1.01 billion. Comps declined 5% (2% currency neutral) worldwide, partly because of weak tourist spending. For fiscal 2019 the company expects low-single-digit growth in both global net sales and comps. EPS will grow in the low- to mid-single-digits. 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
