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. 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. 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%. 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. This document was generated for
Company Earnings UpdateSalesforce (NYSE: CRM) 1Q20 Results: Beats Consensus and Reaffirms/Raises Guidance on Strong Platform Growth Coresight Research June 5, 2019 Executive Summary Salesforce reported fiscal 1Q20 revenues of $3.74 billion, up 24.3% and beating the $3.69 billion consensus estimate. Adjusted EPS was $0.93, which includes a $0.27 per share gain for marking investments to market, compared to the $0.61 consensus estimate. The category “Salesforce platform and other” was the fastest-growing segment, with revenues up 46.4% in the quarter, followed by the marketing and commerce cloud, whose revenues grew 32.9%. The company reaffirmed fiscal 2020 revenue guidance of $16.10-16.25 billion (up 21-22% year over year) and raised adjusted EPS guidance to $2.88-2.90 (up 5% year over year) from $2.54-2.56. The company hopes to organically double revenue over the next four years, targeting revenues of $26-28 billion in fiscal 2023. This document was generated for
Insight ReportNew Retail Briefing: JD.com Extends Group Buying to Hong Kong, Ikea Launches App to Integrate AR with Shopping Coresight Research June 4, 2019 Executive Summary“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond. Here’s what’s happening: JD.com has launched a group buying service in Hong Kong, ahead of the 6.18 shopping festival. Ikea will launch a new app to allow customers to shop remotely. L’Oréal is partnering with Alibaba to introduce new AI skin-testing for acne. McDonald’s China is linking its loyalty program to the Ele.me app. 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 UpdateBig Lots (NASDAQ: BIG) 1Q19 Results: Revenues Narrowly Beat Consensus Estimates But Comps Falls Short Coresight Research June 4, 2019 Executive Summary Big Lots reported 1Q19 revenues of $1.30 billion, up 2.2% year over year and marginally above the $1.29 billion consensus estimate. Adjusted EPS was $0.92, down 3.2% but beating the $0.70 consensus estimate. Comps increased 1.5%, compared to a decrease of 3.0% in the year-ago quarter. The company guided for a low single digit increase in comps in 2019 and adjusted EPS of $3.70-3.85, above the $3.64 consensus estimate. This document was generated for
Deep DiveMillennials and Beauty Coresight Research June 3, 2019 Executive SummaryIn this report, we review how millennials’ buying habits and preferences are reshaping the beauty market. Millennials, born between 1980 and 2000, are particularly important for the beauty market due to the sizeable consumer base they represent and their growing spending power. Currently, millennials spend less on personal care products and services than older generations, including Generation X (born between 1966 and 1979) and baby boomers (born between 1946 and 1965). However, millennials’ expenditures are expected to improve as younger millennials join the workforce and older millennials move up the professional ladder. When buying beauty products, price and brand trust are major purchase drivers for this generation. Millennials are more likely than older generations to care about the social values, including ethics, eco-consciousness and social responsibility, of the beauty companies with which they associate. In addition, millennials are health conscious and prefer natural and organic cosmetic products. The Internet and social media are the major influencers for millennials’ beauty buying decisions. Millennials research beauty products online; however, a majority of them would still prefer to buy in store. According to Prosper Insights & Analytics data, Walmart and Target are the millennials’ most-preferred destinations for shopping skincare and cosmetic products. 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
Free Data GraphicCoresight Bites: Coresight Research’s CORE Framework for AI in Retail Coresight Research June 3, 2019 Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here. Coresight Research’s proprietary CORE framework highlights the utility of AI (artificial intelligence) in four areas of retail. We show these in the four quadrants below. Click the image below to read the report. This document was generated for
Question of the WeekWhere Do US Consumers Shop for Clothing and Footwear? Coresight Research June 3, 2019 QUESTION OF THE WEEK: Where Do US Consumers Shop for Clothing and Footwear? Amazon is America’s most-shopped retailer for clothing and footwear, based on the proportion of respondents that purchased from the company in the past 12 months, with mass merchandisers Walmart and Target close behind. Department stores, off-pricers and specialty retailers comprise the second tier. This document was generated for
Company Earnings UpdateWilliams-Sonoma (NYSE: WSM) 1Q19 Results: Beats Consensus on Revenues and Maintains Guidance Coresight Research June 3, 2019 Executive Summary Williams-Sonoma reported 1Q19 revenues of $1.24 billion, up 3.2% from $1.20 billion in the year-ago quarter and beating the consensus estimate $1.21 billion. Adjusted EPS for the quarter was $0.67 compared with $0.54 last year, up by 23.6%. The consensus estimates for 2Q19 call for Williams-Sonoma to report revenues of $1.32 billion, EPS of $0.83 and an operating margin of 6.7%. This document was generated for
Company Earnings UpdateGap Inc. (NYSE: GPS) 1Q19 Results: Misses on Sales and Consensus, Lowers Guidance Coresight Research June 3, 2019 Executive Summary Gap reported fiscal 1Q19 revenues of $3.71 billion, down 2.0% year over year and below the consensus estimate of $3.77 billion. Earnings per share (EPS) were $0.24, down 42.9% from the year-ago period, and lower than the consensus estimate of $0.32. Comparable sales were down 4.0% compared with the consensus estimate of (1.5)%, and down from the year-ago period of a 1% increase. For the full fiscal year, the company lowered its earnings per share guidance to the range of $2.04-2.14, down from $2.40-2.55. The company lowered guidance for comparable sales for fiscal year 2019, and expects comps to decline by low single digits, compared to its previous guidance of flat to up slightly and versus the consensus estimate of 0.2%. This document was generated for
Insight ReportUS Father’s Day Spending Expected to Reach All-Time High of $16 Billion Coresight Research June 3, 2019 Executive Summary It’s a great time to be a dad in the US – for one day in June, at least. Father’s Day spending has climbed 70% in the last decade, according to data from the National Retail Federation (NRF) and Prosper Insights & Analytics. This year, US consumers are expected to spend some $16 billion, up from last year’s $15.3 billion – and around $6.6 billion more than they spent in 2009. Some of the more popular gifts include special outings, clothing and gift cards. 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
