Insight Report30 Global Retail Cities: Tokyo Coresight Research June 21, 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 & innovative store formats. Click here to view the full 30 Global Retail Cities series. These are our highlights from Tokyo: Harajuku is known for its colorful street art and retail stores – filled with quirky vintage stores as well as high-end boutiques The Tsutaya T-site is in Daikanyama district. The store has an amazing collection of books which creates a library-like atmosphere. The store spreads across three interlinked buildings with a 55-meter-long aisle that cuts through the store. Lush Harajuku is the first Lush store in the world to offer only bath bombs, no other products – and many of the bath bombs at the store cannot be found elsewhere. 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 21 2019 Coresight Research June 21, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at how consumer expectations around sustainability are shifting – and what companies can do to meet these rising expectations. Target is bringing its same-day delivery to the masses — the latest move in an ongoing delivery war involving the big-box retailer, Walmart and Amazon. Online shoppers in 47 states can get same-day delivery for $9.99 per order. Swiss watchmaker Omega opened its first online store on China’s Tmall Luxury Pavilion. Omega will sell a limited-edition watch online for several weeks before it’s available in stores. Canadian footwear retailer Aldo has launched an online store in Colombia, its first in South America. Customers can pay in Colombian pesos or US dollars. This document was generated for
Company Earnings UpdateKroger (NYSE: KR) 1Q19 Results: Comp Growth Slows, Management Guides for an Uptick Coresight Research June 21, 2019 Executive Summary For 1Q19, Kroger reported same-store sales growth ex fuel of 1.5%, below the consensus estimate of 1.7% and slowing from 1.9% in the prior quarter. Adjusted EPS of $0.72 was just ahead of the $0.71 consensus and just below $0.73 in the year-ago period. Management confirmed FY19 guidance of same-store sales growth of 2.0-2.25% and EPS of $2.15-2.25. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2019, Week 25: Rebag Continues Store Expansion Coresight Research June 21, 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. 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 6,986 store closures and 2,985 store openings. This compares to 5,864 closures and 3,251 openings for the full year 2018. Year to date, UK retailers have announced 325 store closures and 444 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
Insight ReportMay 2019 UK Retail Sales: Soft Growth, Driven by Smaller Retailers Coresight Research June 21, 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 May UK Retail Sales Report: The Office for National Statistics (ONS) reported weak growth of 2.1% year over year in May, driven by smaller retailers. Large retailers, which form the bulk of most sectors, eked out a 0.9% year-over-year increase. Clothing stores, department stores/mixed-goods retailers and DIY/hardware stores all saw sales decline, with poor weather likely contributing. Grocery retailer sales were up only slightly. Shop-price inflation stood at 0.1% in May, meaning almost all gains (where there were gains) were volume driven. 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 ReportUS-China Trade Issues: The Battle for Apparel Coresight Research June 21, 2019 Executive SummaryUS-China trade issues continue to affect different industries. In this report, we review recent developments in the tariff dispute and the impact on apparel. A June 18 phone call between US President Donald Trump and Chinese President Xi Jinping to discuss meeting during the G20 summit gave everyone hope for a resolution. While tariffs have pushed up the average retail price of China-sourced apparel, in theory eroding China’s competitive edge, the country still dominates US apparel sourcing. Apparel brands are diversifying sourcing sites away from China, adopting a “China plus Vietnam plus many” strategy. 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 CoverageNotes from Salesforce Connections 19: Enhancements to Customer 360 Platform to Help Retailers Personalize the Customer Experience Coresight Research June 21, 2019 Executive SummaryThe Coresight Research team attended Salesforce Connections 19, held June 17-19 in Chicago. The focus of the show was Salesforce’s Customer 360 platform (announced at Dreamforce in September 2018), which received a suite of enhancements and interconnected tools. Enhancements include the unification of customer data, audience segmentation, personalization everywhere and optimization from Salesforce’s Einstein artificial-intelligence platform. Updated tools include a new commerce web page designer, Heroku solution kits for developing cloud apps for e-commerce and an update MuleSoft accelerator, which helps integrate applications – all supported by testimonials and demos from customers Party City, Spalding and Land O’Lakes. Salesforce aims to create platforms and tools to connect customers and other stakeholders in a new way, creating human connections for great experiences. This document was generated for
Insight ReportChina’s Midyear 6.18 Shopping Festival Wrap-Up: Lower-Tier Cities and Group Buying Become the Winning Formula Coresight Research June 20, 2019 Executive SummaryThe 6.18 shopping festival, created by JD.com, has grown to become a major midyear e-commerce event in China, with other e-commerce platforms joining in and offering discounts — including rivals Alibaba-owned Tmall and group buying platform Pinduoduo. E-commerce platforms including JD.com, Tmall and Pinduoduo reported strong sales during the 18-day 6.18 shopping festival, with JD.com reporting total transaction volume of $29.2 billion. Group buying has become one of the push factors for e-commerce platforms: Alibaba’s group buying platform Juhuasuan drew 300 million new customers during 6.18. Lower-tier cities (tier 3 and below) have become the main growth driver for 6.18 sales, with Pinduoduo reporting 70% of sales came from tier 3 and below cities. 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 CoverageInsights from Product Innovation Apparel New York Coresight Research June 20, 2019 Executive SummaryOn June 17-18, the Coresight Research team attended the PI Apparel New York conference. The event brought together retail industry disrupters to discuss retail challenges and coming technologies that can solve many of them. These are some of our insights from the event: 3D technology took center stage at the event: 3D allows faster decision making, lowers sample cost, offer a better synergetic environment and improves sustainability. Integration of product lifecycle management (PLM) and supply chain are critical: Time lost = sales lost. The digital skills deficit is increasing in tandem with the need for a data-driven approach to product quality: Big tech offers some solutions. Crafting a digital strategy, building a new operating model and infusing the right technologies are imperative for retailers and brands as they transition into the next generation of product creation. This document was generated for
Company Earnings UpdateOracle (NYSE: ORCL) 4Q19 Results: Exits the Year on a High Note, Strong Fusion Growth, Solid Full-Year Guidance Coresight Research June 20, 2019 Executive Summary Oracle reported fiscal 4Q19 revenues of $11.14 billion, up 1.1% year over year and ahead of the $10.93 billion consensus estimate. Adjusted EPS was $1.16, up 22.5% year over year and above the consensus estimate of $1.07. Cloud license and on-premise license was the fastest-growing segment, with revenues up 12.1% year over year. Fusion app revenue increased 36% in the quarter. Fiscal 2020 guidance calls for revenues to grow faster than FY19 in constant currency (faster than 3%) with double-digit EPS growth, versus the consensus of 10% EPS growth. This document was generated for
Insight ReportSupply Chain Briefing: Robotics Brings Productivity to the Supply Chain and Speeds Last-Mile Delivery Coresight Research June 20, 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 robotics, a technology used extensively in supply chain in a variety of industries. Global spending on robotics and drones is estimated to grow from $115.7 billion in 2019 to $210.3 billion by 2022, according to market intelligence company International Data Corporation. Companies use robotics to enhance productivity at various stages of the supply chain. Robotics have various applications in the retail and apparel industries. 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 CoverageThree Insights from CES Asia 2019 Coresight Research June 19, 2019 Executive SummaryThe Coresight Research team attended CES Asia 2019 (formerly known as the Consumer Electronics Show Asia) in Shanghai, June 11-13. The themes included vehicle technology, 5G, artificial intelligence (AI), the Internet of Things (IoT), virtual reality, augmented reality, robotics and startups. “Smart retail” will bring newness to the industry: We saw how facial recognition technology and motion sensors can record consumer behavior and how smart shelves can provide additional information to shoppers. The next generation of smart home ecosystems is around the corner with technology firms and electronics companies competing in this space. Technology applications that bridge real-life scenarios and lighten what used to be “irreplaceable” work such as simultaneous translation are attracting attention. This document was generated for
Event CoverageNotes from the Infor Innovation Summit 2019: The Platform Continues to Add Capabilities, Particularly the Enablers of Modern Retail Coresight Research June 19, 2019 Executive SummaryCoresight Research attended the Infor Innovation Summit 2019, held June 3-4 in New York City. The event featured presentations from company leaders and customers. Enterprise software company Infor continues to expand the breadth of its solution, scaling its CloudSuites platform and offering multi-tenancy functionality. The company’s supply-chain management software uses predictive analytics to prevent issues before they occur, as well as to suggest remedies. The capabilities of Infor’s Coleman artificial intelligence platform are being made available on an increasing number of its platforms and packages. The company’s customer list includes more than 1,700 global retail and fashion customers, including 10 of the top 12 North American grocers and 48 of the top 50 North American retailers, and its Nexus commerce network manages $1 trillion in goods. Infor already offers a broad portfolio of products and functions for retail and announced several new products coming soon. This document was generated for
Company Earnings UpdateAdobe (NASDAQ: ADBE) 2Q19 Results: Beats Consensus Estimates, Strong Digital Experience Growth, Light Guidance Coresight Research June 19, 2019 Executive Summary Adobe reported fiscal 2Q19 revenues of $2.72 billion, up 25.0% year over year and beating the consensus estimate of $1.78 billion. Adjusted EPS was $1.83, up 10.2% year over year and beating the consensus estimate of $1.78. Digital Experience revenue was $784 million, up 34% year over year, which includes Magento and Marketo. The segment attracted new customers and grew Adobe’s addressable market. Fiscal 3Q19 revenue guidance of $2.80 billion was slightly below the $2.83 billion consensus estimate and adjusted EPS guidance of $1.95 was below the $2.05 consensus estimate. This document was generated for
Company Earnings UpdateH&M (OMX: HM-B) 2Q19 Update: Sales Beat Estimates; Transformation Work Intensifies Coresight Research June 18, 2019 Executive Summary H&M reported 2Q19 net sales of SEK 57.5 billion, up 11% year over year, a faster pace than the 10% recorded in 1Q19 and with revenues slightly ahead of the consensus estimate of SEK 57.2 billion recorded by StreetAccount. In local currencies, net sales increased by 6% year over year versus the 5.9% consensus estimate. H&M will publish its full 2Q19 report on June 27, 2019. This document was generated for
