Insight ReportUS-China Trade Issues: As Trade Talks Resume, Is a Resolution In Sight? Coresight Research July 10, 2019 Executive SummaryWe look at recent developments in the US-China trade dispute and implications for agriculture. On June 29, US President Donald Trump and Chinese President Xi Jinping met on the on the sidelines of the G20 summit and agreed to resume trade talks, leading to a temporary truce. The US committed to not levying additional tariffs on the $250 billion worth of Chinese imports already subject to a 25% levy, not to impose taiffs on a further $300 billion worth of Chinese goods that had previously been threatened with tariffs and a softened stance on Huawei. China promised to increase agricultural product purchases from the US. On July 4, China announced its position that all existing (additional) US tariffs must be removed as part of a deal, but the US insists some must remain as leverage to ensure China follows the terms of the deal. As a result, US agricultural exports are projected to fall some $1.9 billion in 2019, led by declining sales to China. 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 UpdateOcado (LSE: OCDO) 1H19 Results: Losses Deepen Due to Andover Disruption; Solutions Growth Hampered by Morrisons Holiday Coresight Research July 10, 2019 Executive Summary Ocado reported 1H19 total sales of £882.3 million up 10.9% year over year with retail and solutions revenues growing 10.2% and 20.6%, year over year, respectively. The company reported a diluted loss per share of 19.77 pence compared to a loss per share of 2.22 pence in the same period of the previous year. Ocado expects to achieve retail revenue growth of 10-15% in 2H19, driven by demand growth and company’s ability to utilize additional capacity in its CFC4 and despite the impact of a fire at its Andover customer fulfilment center (CFC). This document was generated for
Insight ReportFast Retail: Opportunities for Digitally Native Brands Coresight Research July 9, 2019 Executive SummaryIn this report, we profile the prevailing major “fast retail” formats in the US, ranging from pop-ups to marketplaces. We also examine the reasons these flexible formats are gaining popularity. “Fast retail” is Coresight Research’s term for a new approach to retail featuring shorter leases, more shared spaces and more short-term stores. In January, we identified fast retail as one of our retail trends to watch in 2019. Flexible retail formats let digital natives test, learn and iterate with lower upfront cost, less commitment and greatly reduced risk. Offline retail is also using fast retail to reinvent itself via pop-ups and marketplace formats, as outlined in Coresight Research’s BEST framework. 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 ReportInsights from China: Japanese Department Store Takashimaya to Retreat From China Market Coresight Research July 9, 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 future outlook. In this report, we look at Japanese high-end department store operator Takashimaya exiting China. 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 WeekWhy Do US Shoppers Use BOPIS Services? Coresight Research July 8, 2019 QUESTION OF THE WEEK: Why Do US Shoppers Use BOPIS Services? Among US shoppers, the top reason for using buy online pick up in store (BOPIS) services is to avoid shipping costs, ahead of needing items right away. This document was generated for
Deep DiveNew Consumer Attitudes Drive US Plus-Size Apparel Demand Coresight Research July 8, 2019 Executive SummaryA burgeoning apparel market for larger women is crystallizing and likely to expand for many years based on these factors: Inclusivity is the zeitgeist of the 21st century, spanning ethnicities, sexuality and sizing, to name just a few. Empowered by technology, diverse consumers around the world desire products once unavailable and, at the same time, consumer shopping behavior towards plus-size clothing have changed. A 41.1% obesity rate among US women indicates the significant potential for brands and retailers to enter into or expand their plus-size apparel offering. Larger women, once marginalized, are now courted by designers, retailers and brands. A growing supply of inclusive apparel is addressing new consumer expectations. Coresight Research estimates the woman’s plus-size clothing market in the US is approximately $30.7 billion in 2019. Women who wear plus sizes spend less per capita on apparel and live in lower income households relative to the overall female population. 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 Report30 Global Retail Cities: Berlin Coresight Research July 5, 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 have 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 from Berlin: Kurfürstendamm is one of Europe’s greatest shopping boulevards, offering everything from fast fashion to haute couture. Voo Store blends fashion with art, sneakers with books, in a former industrial space—it’s the epitome of Berlin cool. Mulackstrasse offers three blocks of distinctive fashion on one little street in the midst of the fascinating Mitte neighborhood. 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 ReportLuxury Brands’ Exhibitions in China: A Secret Weapon to Win the Hearts of Shoppers Coresight Research July 5, 2019 Executive SummaryIn China, luxury brands hold exhibitions not only to publicize their brands but also to deepen the relationship with the customer. We look at recent exhibitions by luxury brands and their impact, particularly on social media. The exhibitions allow consumers to have an immersive 360-degree experience to cultivate brand affection and engagement. Exhibitions can create buzz on social media, and not just from celebrities or key opinion leaders (KOLs) but from posts by real consumers. Luxury brands also link exhibitions with events in culture, art, music or travel, so consumers associate the brand with specific lifestyles. 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 JULY 5 2019 Coresight Research July 5, 2019 Executive SummaryJuly 5, 2019 This week’s note “From the Desk of Deborah Weinswig” looks at the growing silver market, offering insights into US seniors’ buying habits. Cosmetics maker Coty is taking a $3 billion write-down as part of a restructuring plan that will see it reorganize and cut jobs at brands bought in 2016 from Procter & Gamble. Swedish furniture retailer Ikea is looking to open stores outside Mexico City as part of its 10-year expansion plan in the country. Ikea aims to produce at least 8% of its merchandise locally for its operations in Mexico. Beverages group Jacobs Douwe Egberts (JDE) has launched its coffee and tea flagship store on Alibaba’s Tmall Global. JDE’s aim is to offer high-quality coffee and tea to the 654 million active users on Alibaba’s marketplaces. This document was generated for
Company Earnings UpdatePrimark (LSE: ABF) 9M19 Trading Update: Lower Markdowns and Better Buying to Boost Margins Coresight Research July 5, 2019 Executive Summary Associated British Foods (ABF) reported its trading update for the 40 weeks ended June 22. This report focuses on Primark, the company’s retail business. Primark grew its year-to-date sales by 4% at constant currency and as reported. For FY19, Primark expects modest growth in net profit and expansion in the operating margin. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2019, Week 27: Pier 1 Imports to Shut More Stores Coresight Research July 5, 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 7,062 store closures and 3,022 store openings. This compares to 5,864 closures and 3,258 openings for the full year 2018. Year to date, UK retailers have announced 392 store closures and 477 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 UpdateSeven & i Holdings (TSE: 3382) 1Q20 Results: Operating Income Grows in Both Domestic and Overseas Convenience Stores Coresight Research July 5, 2019 Executive Summary In 1Q20, ended May 31, 2019, Seven & i reported a 1.3% year-over-year decline in net sales. However, the company’s EPS increased 21.5% in the first quarter. The company’s overseas convenience store business witnessed a strong performance, with operating income increasing 26.6% year over year. Domestic convenience store operations recorded operating income growth of 8.0%. Superstore Ito-Yokado saw operating income decline 84.4% year over year. Department-store chain Sogo & Seibu posted an operating loss of ¥371 million versus an operating profit of ¥290 million in 1Q19. Seven & i reiterated its total revenues and operating income guidance for FY20. This document was generated for
Insight ReportSupply Chain Briefing: Virtual Assistants Bring Speed and Save Costs in the Supply Chain Coresight Research July 4, 2019 Executive SummaryIn our weekly Supply Chain Briefing series, 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 how Intelligent Virtual Assistants (IVAs) work, and how they can be applied to various stages of the supply chain. Global spending on the IVA market is expected to reach $17.13 billion by 2023, an estimated CAGR of 38% over the $3.42 billion spent in 2018, according to procurement intelligence company With rising demand for faster delivery, there is a business case for using IVAs. IVAs can help retail by enhancing logistics, last-mile delivery and at various sales stages of the supply chain. 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 UpdateSainsbury’s (LSE: SBRY) 1Q20 Trading Update: Comp Decline Worsens, Outlook Remains Bearish Coresight Research July 4, 2019 Executive Summary Sainsbury’s reported comparable sales ex fuel fell 1.6% year over year in 1Q20, compared to a 0.9% decline in the previous quarter and missing the consensus estimate of a 1.4% decline recorded by StreetAccount. The company’s total sales ex fuel fell 1.2% year over year, compared to a 0.2% decline in the previous quarter and in line with the consensus estimate. The company says the retail market remains highly competitive and promotional, and the consumer outlook remains uncertain. This document was generated for
Deep DiveBOPIS: US Retailers Looking for Omnichannel Excellence Coresight Research July 3, 2019 Executive SummaryIn this report, we explain the buy online and pick up in store (BOPIS) model in detail and assess how some US retailers are using this service to enhance their omnichannel retailing. Retailers can fulfill BOPIS orders using store inventory or ship from distribution centers. In-store order fulfillment enables same-day pick up and optimizes in-store inventory. As part of launching BOPIS, most retailers integrate inventory systems and invest in technologies such as order management systems that align online and offline channels. Now, only 27.5% of US retailers offer BOPIS, compared to the UK (64%) and France (50.5%), according to OrderDynamics. However, the number of US retailers offering BOPIS increased 5.7 percentage points in 2018, and BOPIS adoption among US enterprise-sized chains is particularly high at 43%. According to a National Retail Federation (NRF) study, about 64% of consumers use the BOPIS option to avoid shipping fees. Many companies (nearly 38%) choose the BOPIS model to attract customers into the store hoping they will make additional purchases, according to a Signifyd 2018 survey. A large number of US retailers continue to face multiple challenges managing BOPIS, with significant difficulties in logistics, inventory tracking, and training and managing store staff, according to a Signifyd 2018 survey. 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
