Flash ReportByteDance Reportedly Developing Its Own Smartphones Coresight Research May 30, 2019 Executive Summary Beijing-based ByteDance is breaking into the smartphone market, according to the Financial Times. ByteDance is the parent company of popular video app TikTok. This move represents a bold move for ByteDance as the company will be entering a crowded space with established players – and one unrelated to its core social network app business. This document was generated for
Insight ReportSupply Chain Series: Reality Technology Streamlines Product Design and Improves Servicing Coresight Research May 30, 2019 Executive SummaryThis report discusses reality technology, also defined as immersive technology, an emerging technology used in supply chains across a variety of industries. These are some key facts around this emerging technology: 23% of companies said they plan to invest in augmented reality (AR) and virtual reality (VR) in 2018, compared with just 8% in 2017, according to Kenko. Brands from different industries use reality technology to speed product development and minimize errors during production. Examples of reality technology include Ford’s use of AR technology and General Electric and Walmart’s use of VR programs. 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
Company Earnings UpdateRoss Stores (NasdaqGS: ROST) 1Q19 Results: Beats Consensus, Men’s Category Performs Well While Ladies Apparel Underperforms Coresight Research May 30, 2019 Executive Summary Ross Stores 1Q19 revenues were $3.79 billion, even with the consensus estimate and up 5.8% year over year. The company reported 1Q19 adjusted EPS of $1.15, higher than the consensus estimate of $1.12 and up from the year ago period. Comparable sales were up 2%, at the high end of company guidance of flat to 2%. The company raised its 2019 full year EPS guidance to $4.38-4.52, up from and compared to the consensus estimate of $4.52. The company expects its second quarter EPS to be $1.06-1.11, up from $1.04 in the prior year and compared to the consensus estimate of $1.14. To view more research related to Ross Stores, click here. This document was generated for
Company Earnings UpdateThe TJX Companies (NYSE: TJX) 1Q20 Results: Company Beats Expectations and Raises Full-Year Guidance Coresight Research May 30, 2019 Executive Summary TJX Cos. reported fiscal 1Q20 revenues of $9.28 billion, up 6.8% year over year and beating the consensus estimate of $9.22 billion. The company’s earnings per share (EPS) grew 1.8% year over year to $0.57, exceeding the high end of its guidance range of $0.53-0.54 and ahead of the consensus estimate of $0.55. The company saw comparable store sales growth of 5.0%, versus a 3.0% increase in the same period last year and beating the consensus estimate of a 3.6% increase. For 2Q20, TJX Cos. forecasts EPS of $0.61-0.62, an increase of 5-7% and in line with the consensus estimate of $0.62. For the fiscal year 2020, TJX Cos. raised its guidance and now expects EPS of $2.56-2.61 versus prior guidance of $2.55-2.60 and compared with the consensus estimate of $2.61. To view more research related to The TJX Companies, click here. This document was generated for
Company Earnings UpdateDick’s (NYSE: DKS): 1Q19 Results: Revenues Up, Beats Consensus, Replacing Hunt Category in 125 Stores Coresight Research May 30, 2019 Executive Summary Dick’s reported fiscal 1Q19 revenues of $1.92 billion, beating the consensus estimate of $1.90 billion, and up 0.6% year over year. The company reported 1Q19 earnings per share of $0.62, higher than the consensus estimate of $0.58 and higher than the year-ago period. Consolidated same-store sales were flat for the quarter compared to the consensus estimate of (1.3%). The company raised its fiscal year 2019 EPS guidance to $3.20-3.40 compared to prior guidance of $3.15-3.35 and the consensus estimate of $3.27. The company projects consolidated comps to be slightly positive to up 2%, the in line with prior guidance of flat to up 2% and the consensus estimate of 0.7%. Dicks expects to deliver positive same-store sales beginning in 2Q19. To view more research related to Dick’s Sporting Goods, click here. This document was generated for
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. 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. 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. 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. 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. 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
