Insight ReportIn China, Luxury Brands Turn to Pop-Up Stores to Offer Experiences and Build Their Brands with Younger Consumers Coresight Research April 30, 2019 Executive SummaryPop-up stores are one of the ways luxury brands can engage with China’s increasingly important millennial consumers. Luxury brands such as Chanel, Yves Saint Laurent (YSL), Hermès and Prada have opened pop-up stores to offer customers personalized experiences. These brands showcased limited edition products, created nostalgic experiences and offered product trials. Pop-up stores help these brands engage with millennial customers, who embrace newness and experience – and are also acquiring a taste for luxury at a younger age than in the West. 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 UpdateTractor Supply Company (NASDAQ: TSCO) 1Q19 Results: Revenues and Comps Beat Consensus Estimates While Guidance Remains in Line Coresight Research April 30, 2019 Executive Summary Tractor Supply reported 1Q19 EPS of $0.63, up 10.2% and beating the $0.55 consensus estimate recorded by StreetAccount. Revenues were $1.82 billion, up 8.3% and marginally ahead of the $1.81 billion consensus estimate. Comps were 5.0%, beating the 4.0% consensus estimate, comprising a 3.2% increase in average ticket and a 1.8% increase in transaction count. The company maintained its guidance for 2019 revenues of $8.31–$8.46 billion, in line with the $8.43 billion consensus estimate, for comps of 2%–4% and EPS of $4.60–$4.75, in line with consensus of $4.71. 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 UpdateColgate-Palmolive (NYSE: CL) 1Q19 Results: Beats Expectations on Top Line, Misses on EPS Coresight Research April 30, 2019 Executive Summary Colgate-Palmolive reported net sales of $3.9 billion, down 2.9% year over year for the three months ended March 31, 2019. Organic sales were up 3.0% year over year. In oral, personal and home care, the Africa/Eurasia region saw strong organic sales growth, increasing 7.0% year over year. However, the Asia Pacific region underperformed, with a 2.5% decrease in organic sales year over year. The Hill’s Pet Nutrition segment also saw strong organic sales growth, increasing 6.0% year over year. 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 UpdateSteve Madden (NASDAQ: SHOO) 1Q19 Results: Steve Madden Women’s Wholesale and Accessories Drive Strong Momentum Coresight Research April 30, 2019 Executive Summary 1Q19 sales rose 5.6% driven by strong growth in wholesale accessories. Same-store sales rose 6.3% driven by the strong performance in e-commerce. The adjusted operating margin expanded 80 basis points (bps) to 11.0% of sales. Adjusted EPS increased 16.7% to $0.42. The company raised its 2019 sales and earnings guidance, raising EPS guidance to $1.76-1.84 from $1.70-1.78. 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
Insight Report2019 Tax Tracker Week 12 — Final: Post-Tax-Day Wrap-Up — Number of Returns Up Slightly, Average Refund Down 2.0% Coresight Research April 30, 2019 Executive SummaryThe US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis, and this report represents the final Tax Tracker for this year’s tax season. As of April 19, the IRS had received 137.2 million tax returns, up 0.2% year over year. A total of 95.7 million refunds had been issued as of that date (up 0.3% year over year), totaling $260.9 billion (down 1.7% year over year) and averaging $2,725 (down $55 or 2.0% year over year), implying a mismatch between withholding and the updated tax rates. Although the filing deadline has now passed, returns will still trickle in. As of this time last year, 85% of the year’s returns had been filed. 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 WeekQOTW: What Categories Do US Shoppers Most Use BOPIS Services For? Coresight Research April 29, 2019 QUESTION OF THE WEEK: What Categories Do US Shoppers Most Use BOPIS Services For? New Coresight Research data on US consumers’ use of buy online pick up in store (BOPIS) services show apparel is the most-collected category: Some 35.4% of US BOPIS shoppers picked up clothing, footwear or accessories from a store in the past year. Electronics beat groceries to be the second-most-collected category, and this reflects the low online penetration rate in grocery. This document was generated for
Event CoverageCoCoon Pitch Night 2019: Hearing from Six Platform Startups Coresight Research April 29, 2019 Executive SummaryThe Coresight Research team attended the CoCoon Pitch Night Finals Spring 2019 held on April 25 in Hong Kong. The competition featured six early-stage companies: Lambda Sense, FindRecruiter, Boxs, BestShare, Borecast and Our Big Day. The winner chosen by both a three-judge panel and through audience voting was Our Big Day, an online system that helps brides and grooms research wedding traditions, connect with wedding experts and share photos and videos on their own website. 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 Mother’s Day Preview: 2019 Spending is Expected to Reach Record High of $25 Billion Coresight Research April 29, 2019 Executive Summary According to an annual Mother’s Day spending survey from the National Retail Federation (NRF) and Prosper Insights & Analytics, about 84% of US consumers plan to celebrate Mother’s Day this year, broadly in line with last year’s 86%. The NRF projects that total spending on Mother’s Day in the US this year will reach $25.0 billion, a record high. The average Mother’s Day spend per person will be $196.5 this year, up from $179.8 last year. The survey indicated that jewelry will be the biggest Mother’s Day gift category by total sales this year; the NRF predicts that shoppers will spend $5.2 billion on jewelry. The second-biggest spending category will be special outings such as brunch or dinner, on which shoppers will spend an estimated $4.6 billion this year. 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 PresentationNew Retail Era—What’s New in China and the US (Hong Kong Trade Development Council) Coresight Research April 27, 2019 Executive SummaryThis presentation was given at the Hong Kong Gifts & Premium Fair, held by the Hong Kong Trade Development Council. It contrasts retailers and shopping mall in Mainland China, Hong Kong and the US, and discusses the concept of New Retail, in addition to retail trends and key technologies. Topics include: New Retail benefits from shopping festivals and new store formats Retail is being reshaped by fresh thinking and changing consumer demands AI is the go-to technology in 2019 that will strip friction from brick-and-mortar 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 Report30 Global Retail Cities: Paris Coresight Research April 26, 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 10 innovative retail stores in each city, along with must-see shopping districts and major retail events. Click here to view the full 30 Global Retail Cities series. Paris Highlights: Paris has been a fashion capital for centuries: Hermès was founded there in 1837, Chanel in 1910 and Givenchy in 1952. Along the Rue Oberkampf you’ll find Merci, a designer boutique inside a loft that creates a cozy vibe with couches and a reading area. Le Bon Marché was one of the first department stores in the world when it opened in 1838 – but still as chic as ever, carrying collections from over 40 top fashion designers. Carrousel du Louvre is an underground shopping mall near the Louvre museum and Place du Carrousel. The mall houses over 40 stores. 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 UpdateCasino Group (ENXTPA: CO) 1Q19 Update: Soft France, Strong Latam; Early Progress Toward 2021 Targets Coresight Research April 26, 2019 Executive Summary In 1Q19, Casino Group reported flat same-store sales in France, versus expectations of a 0.4% uplift. Cdiscount comparable sales fell 1.0%, but gross merchandise volumes grew at a double-digit pace as the company continued to expand its marketplace. Strong organic growth in Brazil drove a 6.0% rise in Latin America same-store sales. 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
Analyst CornerWEINSWIG’S WEEKLY APRIL 26 2019 Coresight Research April 26, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” shows how booming online retail in China could make it easier for foreign brands to enter the market. In the US, continuing jobless claims fell to 1.65 million in the week ended April 5 from 1.71 million in the previous week. In the UK, retail sales excluding automotive fuel grew 4.4% year over year in March, above the 4.0% growth recorded in February. Latin America: Colombia recorded a trade surplus of $580.8 million in February, versus the $1.02 billion deficit recorded in January. 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 17: Office Depot to Close 50 Stores; In the UK, British Land Sells 12 Sainsbury’s Stores Coresight Research April 26, 2019 Executive SummaryCoresight Research tracks store closures, openings and bankruptcies for a select group of retailers in the US and the UK. Our Weekly Store 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. Highlights from this week’s Store Tracker: In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. So far this year, US retailers have announced 6,105 store closures and 2,658 store openings. This compares to 5,864 closures and 3,239 openings for the full year 2018. Office-goods retailer Office Depot has announced plans to shut 50 stores in 2019. Home decor and imported furniture specialist Pier 1 Imports has announced that it will shut at least 45 stores in its current fiscal year that ends in March 2020. Year to date, UK retailers have announced 322 store closures and 356 store openings. Property development and investment company British Land has sold 12 Sainsbury’s superstores to US real estate investment trust company Realty Income Corporation for a sum of £492 million ($637 million). 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 CoverageLululemon Analyst Day 2019: Plans to Quadruple International Revenue and Double Men’s and Digital Business by 2023 Coresight Research April 26, 2019 Executive SummaryOn April 24, 2019, Lululemon hosted its analyst day in New York City. The company focused on “the power of three” plan which included innovative products, omni guest experience, and market expansion. The company provided its five-year outlook, which included aspirations for the men’s business to double, the digital business to double, and the international business to quadruple. During the event, Lululemon: Shared its vision “to be the experiential brand that ignites a community of people living the sweatlife through sweat, grow and connect.” Said that it has little brand awareness in men’s today, but expects its men’s portfolio to double by 2023. Said it will expand into four selfcare products, launching in 50 selected stores and online in May 2019. Outlined plans to quadruple its international revenue, with a focus on China, by 2023, growing at a 30% CAGR. Said it will open a 20,000-square-foot experiential store in Lincoln Park, Chicago, in July 2019, which will offer all-day classes, provide a place for coffee, juices and smoothies, and will also host over 45 ambassadors. 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
Flash ReportUK Competition Authority Blocks Sainsbury’s-Asda Merger Coresight Research April 26, 2019 Executive SummaryOn April 25, the UK’s Competition and Markets Authority (CMA) blocked the planned merger of Sainsbury’s and Asda. Sainsbury’s is likely to be under pressure to outline a new way forward that includes a plan to improve performance. Sainsbury’s has been the weakest performing of the major grocery retailers. The merger would have created a highly concentrated UK grocery market, with two companies holding an aggregate share of nearly 60%. The CMA concluded that the merger would result in “price rises, reductions in the quality and range of products available, or a poorer overall shopping experience.” 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
