Company Earnings UpdateNordstrom (NYSE: JWN) 1Q19 Results: Company Misses Expectations and Lowers Guidance Coresight Research May 30, 2019 Executive Summary Nordstrom reported 1Q19 revenues of $3.3 billion, down 3.5% year over year and below the consensus estimate of $3.5 billion. The company’s earnings per share (EPS) declined 55% year over year to $0.23, missing the consensus estimate of $0.43. By category, net sales from the full-price and off-price businesses declined 5.1% and 0.6%, year over year, respectively, both missing the consensus estimate. The company lowered its 2019 guidance and now expects a net sales decline of 2% to flat, versus the prior guidance of growth of 1–2%. Nordstrom projects EPS to be $3.25–3.65 versus the prior EPS of $3.65–3.90. To view more research related to Nordstrom, click 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
Insight ReportInsights from China: Extended Labor Day Holiday and Rising Consumer Spending Coresight Research May 30, 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 the Labor Day holiday in China, a four-day break from May 1-4, and growing consumer spending during the holiday. 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 CoveragePitney Bowes 2019 Investor Day: Transformation Through Changing Mix Toward Growth Markets, Data and Global E-Commerce Offerings Coresight Research May 30, 2019 Executive SummaryThe Coresight Research team attended Pitney Bowes’ 2019 investor day on May 29, 2019, in New York City. Management characterized the company’s journey as a transformation, rather than a turnaround, and anticipates shifting the product mix toward growth markets. The company is fueling growth by simplifying its product portfolio around the SendPro platform, which features an IoT-connected, open architecture that has created an ecosystem of developers and partners in the US and internationally. An app for SendPro enables customers to use Deliv for same-day shipping, in addition to standard features that enable the customer to find the best deal among multiple shippers. Pitney Bowes is leveraging its data capabilities, in customer information, location intelligence, customer engagement and data, which could be a $6 billion segment within a $23-35 billion market opportunity. Global e-commerce is fueling the company’s return to growth, with above-industry growth rates, processing more than 125 million physical parcels and touching more than 400 million parcels digitally, adding more than $1 billion of revenue in more than six years. Profitability is expected to be flat or improve in the SMB (small and medium business) unit in 2021, and the global e-commerce unit is expected to turn profitable in 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
Deep DiveIntroduction to Retail Tech Coresight Research May 29, 2019 Executive SummaryCoresight Research recently launched coverage of the Coresight RetailTech 20: A selection of 20 of the most important global companies providing technology tailored for retail. These companies offer the key technologies for retailers, service providers and consumers. But retail technology is huge: The category includes so many areas of business from design and production all the way down the supply chain to end consumer. To make it easier to understand this massive category, we broke down the companies in this space into six categories: AI/Analytics: Companies that provide hardware and software tools including Adobe, IBM and Nvidia. Cloud: Providers of cloud infrastructure such as Amazon, Huawei, Microsoft, Oracle and Tencent. Connectivity: Companies that provide wireline and wireless connectivity solutions to retailers, data centers and consumers such as Cisco and Huawei. E-Commerce: Companies that offer tools for e-commerce, such as Alphabet and Pitney-Bowes. In-Store Technology: Companies that offer products and tools to enable commerce and collect data on consumers and products, such as Avery Dennison, Diebold-Nixdorf, Johnson Controls, NCR and Intel. Software: Providers of enterprise software platforms, tools and cybersecurity solutions such as Infor, Oracle, Salesforce, SAP, SAS and Tencent. In this report, we provide an overview of the key players, the latest trends in retail tech applications and spend – and what it all means for 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 ReportWho Shops Where for Beauty and Grooming: US Shopper Demographics Coresight Research May 29, 2019 Executive SummaryUsing data from Coresight Research consumer surveys, our Who Shops Where reports profile US shoppers at major retailers in selected categories. In this report, we look at the demographics of beauty, grooming and personal care shoppers. By age and income, Amazon, the major drugstores and Walmart attract shoppers that are close to the average. By age, Sephora is an outlier: It attracts a shopper that is, on average, significantly younger than even Ulta, a major rival. Shopping for beauty, grooming and personal care products at Amazon and Target tends to increase with income. Male shoppers overindex slightly at Amazon and female shoppers overindex at Target. You may also be interested in our Who Shops Where reports on Groceries and Apparel. 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 UpdateFoot Locker (NYSE: FL) 1Q19 Results: Misses Consensus Estimates, Lowers Guidance Coresight Research May 29, 2019 Executive Summary Foot Locker 1Q19 revenues were $2.08 billion, up 2.6% year over year, below the consensus estimate of $2.12 billion. The company reported 1Q19 adjusted EPS of $1.53, down 5% from the year ago period and below the consensus estimate of $1.61. Comparable sales increased 4.6% for the quarter, lower than the consensus estimate of 5.6%. Management expects earnings per share growth in the high-single digits compared to prior guidance for double-digit 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 UpdateL Brands (NYSE: LB) 1Q19 Results: Mixed Results, Focus on Improving Merchandise Assortment at Victoria’s Secret and PINK Coresight Research May 29, 2019 Executive Summary L Brands 1Q19 revenues were $2.63 billion, up 0.1% year over year and higher than the consensus estimate of $2.56 billion. The company reported 1Q19 adjusted EPS of $0.14, higher than the consensus estimate of $0.00 and higher than the company’s guidance of breakeven. Comparable sales were flat, compared to a 3% increase last year and above the consensus estimate of (1.3)%. The company raised its 2019 full-year earnings per share (EPS) guidance to $2.30-2.60, up from $2.20-2.60, compared to the consensus estimate of $2.37. The company expects second quarter earnings per share to be $0.15-0.20, compared to the consensus estimate of $0.23. The company raised its 2019 full-year EPS guidance to $2.30-2.60, up from $2.20-2.60, compared to the consensus estimate of $2.37. To view more research related to L Brands, click 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
Insight ReportWho Shops Where for Groceries: US Shopper Demographics Coresight Research May 28, 2019 Executive SummaryUsing data from Coresight Research consumer surveys, our Who Shops Where reports profile US consumers at major retailers for selected categories. In this report, we look at the demographics of in-store grocery shoppers. By age and affluence, Kroger’s typical shopper is very close to that of the average grocery shopper. Shopping for groceries at mass merchandisers Walmart and Target tends to decline with age. We also compared the profile of Amazon shoppers (online) to those of major store-based retailers. Amazon shoppers show a very similar age/affluence profile to Whole Foods Market shoppers (in-store): They are younger and significantly more affluent than the average grocery shopper. Our Who Shops Where reports profile US consumers who shop for selected categories at major retailers. In this report, we look at the demographics of in-store grocery shoppers. Readers may also be interested in our Online Grocery Survey 2019 report. You may also be interested in our Who Shops Where reports on Apparel and Beauty and Grooming. 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 UpdateLowe’s Companies (NYSE: LOW) 1Q19 Results: Revenues and Comps See Growth but Gross Margin Contracts Coresight Research May 28, 2019 Executive Summary Lowe’s reported 1Q19 adjusted EPS of $1.22, up 2.5% but considerably short of the $1.33 consensus estimate. Revenues were $17.74 billion, up 2.2% and ahead of the $17.64 billion consensus estimate. Comps were 3.5%, beating the 3.0% consensus estimate. Gross margin contracted to 31.5% in 1Q19, compared to 33.1% in 1Q18. The company outlined guidance for 2019 with revenue growth of around 2%, in line with the 1.6% consensus estimate, for comps growth of approximately 3% and adjusted EPS of $5.45-5.65, below the consensus of $5.78. 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
Question of the WeekWhy Do Chinese Consumers Buy Fresh Food Online? Coresight Research May 27, 2019 QUESTION OF THE WEEK: Why Do Chinese Consumers Buy Fresh Food Online? Convenience and time saving are the top reasons consumers shop for fresh food online in China, according to BigData-Research. This document was generated for
Insight ReportWho Shops Where for Apparel: US Shopper Demographics Coresight Research May 25, 2019 Executive SummaryUsing data from Coresight Research consumer surveys, our Who Shops Where reports profile US shoppers at major retailers in selected categories. In this report, we look at the demographics of apparel shoppers. By age and income, Amazon’s typical apparel shopper is very close to the average for all apparel shoppers: Shopping for clothing and footwear on Amazon is a habit of mid-market shoppers. Amazon sees strong shopper numbers across income groups, with the penetration rate troughing among the lowest-income band. Target and T.J. Maxx attract a similar shopper: slightly younger than average with a close-to-average income. Shopping for apparel at Macy’s tends to increase as household income rises, but the popularity of Kohl’s tails off above the $100,000–$124,999 income range. You may also be interested in our Who Shops Where reports on Groceries and Beauty and Grooming. 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 ReportApril 2019 UK Retail Sales: Late Easter and Warm Weather Drive Jump in Sales Coresight Research May 24, 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 April UK Retail Sales Report: The Office for National Statistics (ONS) reported a strengthening of year-over-year retail sales growth to 7.2% in April, with a 7.4% increase in volumes. A late Easter (Easter Sunday was April 21 versus April 1 last year) meant some spending shifted from March into April. The grocery, clothing and department store/mixed-goods sectors each enjoyed an uptick from the Easter timing and warm April weather. 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 UpdateVipshop (NYSE: VIPS) 1Q19 Results Beat Consensus Thanks to Improved Product Assortment in Apparel and Increase in Active Customers Coresight Research May 24, 2019 Executive Summary Vipshop reported 1Q19 revenues of ¥3 billion, up 7.3% year over year and beating the consensus estimate of ¥20.5 billion. The number of active customers increased 14% year over year to 29.7 million. The company expects total revenue to be ¥20.7-21.7 billion in 2Q19, equivalent to around 0-5% year over year 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 UpdateBJ’s Wholesale Club (NYSE: BJ) 1Q19 Results: Beats Consensus on Revenues, Maintains Guidance Coresight Research May 24, 2019 Executive Summary BJ’s Wholesale Club reported 1Q19 adjusted EPS of $0.26, up 63.8% and beating the consensus estimate $0.25. Revenues were $3.14 billion, up 2.7% and ahead of the $3.05 billion consensus estimate. Comp sales excluding gasoline were up 2.0% from last year and ahead of the consensus estimate of 1.5%. The company maintains FY19 guidance of net sales of $12.9-2 billion and a net income of $200-212 million. 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 UpdateHome Depot (NYSE: HD) 1Q19 Results: Beats Consensus on Revenues and EPS, Guidance in Line Coresight Research May 24, 2019 Executive Summary Home Depot reported 1Q19 adjusted EPS of $2.28, up 9.4% and beating the consensus estimate of $2.20. Revenues were $26.38 billion, up 5.7% and marginally ahead of the $26.35 billion consensus estimate. Comp sales were up 2.5%, and US comps up 3.0%. The consensus estimates for 2Q19 call for Home Depot to report revenues of $30.97 billion, up 17.4%, and EPS of $3.09. 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
