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
Insight ReportWho Shops Where for Apparel: US Shopper Demographics Coresight Research May 25, 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 apparel shoppers. By age and income, Amazon’s typical apparel shopper is very close to the average for all apparel shoppers: Shopping for clothing and footwear on Amazon is a habit of mid-market shoppers. Amazon sees strong shopper numbers across income groups, with the penetration rate troughing among the lowest-income band. Target and T.J. Maxx attract a similar shopper: slightly younger than average with a close-to-average income. Shopping for apparel at Macy’s tends to increase as household income rises, but the popularity of Kohl’s tails off above the $100,000–$124,999 income range. You may also be interested in our Who Shops Where reports on Groceries 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
Insight ReportApril 2019 UK Retail Sales: Late Easter and Warm Weather Drive Jump in Sales Coresight Research May 24, 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 April UK Retail Sales Report: The Office for National Statistics (ONS) reported a strengthening of year-over-year retail sales growth to 7.2% in April, with a 7.4% increase in volumes. A late Easter (Easter Sunday was April 21 versus April 1 last year) meant some spending shifted from March into April. The grocery, clothing and department store/mixed-goods sectors each enjoyed an uptick from the Easter timing and warm April weather. 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 UpdateVipshop (NYSE: VIPS) 1Q19 Results Beat Consensus Thanks to Improved Product Assortment in Apparel and Increase in Active Customers Coresight Research May 24, 2019 Executive Summary Vipshop reported 1Q19 revenues of ¥3 billion, up 7.3% year over year and beating the consensus estimate of ¥20.5 billion. The number of active customers increased 14% year over year to 29.7 million. The company expects total revenue to be ¥20.7-21.7 billion in 2Q19, equivalent to around 0-5% year over year growth. This document was generated for
Company Earnings UpdateBJ’s Wholesale Club (NYSE: BJ) 1Q19 Results: Beats Consensus on Revenues, Maintains Guidance Coresight Research May 24, 2019 Executive Summary BJ’s Wholesale Club reported 1Q19 adjusted EPS of $0.26, up 63.8% and beating the consensus estimate $0.25. Revenues were $3.14 billion, up 2.7% and ahead of the $3.05 billion consensus estimate. Comp sales excluding gasoline were up 2.0% from last year and ahead of the consensus estimate of 1.5%. The company maintains FY19 guidance of net sales of $12.9-2 billion and a net income of $200-212 million. This document was generated for
Company Earnings UpdateHome Depot (NYSE: HD) 1Q19 Results: Beats Consensus on Revenues and EPS, Guidance in Line Coresight Research May 24, 2019 Executive Summary Home Depot reported 1Q19 adjusted EPS of $2.28, up 9.4% and beating the consensus estimate of $2.20. Revenues were $26.38 billion, up 5.7% and marginally ahead of the $26.35 billion consensus estimate. Comp sales were up 2.5%, and US comps up 3.0%. The consensus estimates for 2Q19 call for Home Depot to report revenues of $30.97 billion, up 17.4%, and EPS of $3.09. This document was generated for
Company Earnings UpdateB&M (LSE: BME) FY19 Results: Surge in Profits, Strong Pace of Store Expansion to Continue Coresight Research May 24, 2019 Executive Summary B&M reported FY19 total sales of £3.49 billion up 15.1% year over year and ahead of the consensus estimate of £3.44 billion recorded by StreetAccount. The company reported diluted EPS of 20.5 pence, up 10.2% year over year, roughly in line with the consensus. For fiscal 2020, B&M has planned to open 50 new B&M banner stores, up from its earlier forecast of 45 stores. This document was generated for
Company Earnings UpdateBest Buy (NYSE: BBY) 1Q20 Results: Beats Consensus on Comps and EPS, CEO to Change in June, Reiterates 2020 Guidance Coresight Research May 23, 2019 Executive Summary Best Buy reported fiscal 1Q20 Revenues of $9.14 billion, up 0.4% year over year and in line with the consensus estimate. Adjusted EPS was $1.02, up 24.4% year over year and beating the $0.87 consensus estimate. Enterprise comps increased 1.1%, beating the 1.0% consensus estimate. Domestic comps increased 1.3%, while international comps declined 1.2%. The company reiterated FY20 revenue guidance of $42.9-43.9 billion (flat to up 2%) and adjusted EPS of $5.45-5.65 (up 2-6%). This document was generated for
Company Earnings UpdateM&S (LSE: MKS) FY19 Results: Changing Faster with Ocado JV and Further Store Closures Coresight Research May 23, 2019 Executive Summary M&S reported FY19 total sales of £10.4 billion, down 3.0% year over year, and roughly in line with the consensus estimate by StreetAccount. The company reported adjusted diluted EPS of 25.4 pence, down 8.6% year over year, beating the consensus estimate of 24.8 pence. For fiscal 2020, the company expects UK food and clothing & home gross margin to change by (25) bps – 25 bps, and expects UK operating costs to decrease about 1%. This document was generated for
Insight Report30 Global Retail Cities: Singapore Coresight Research May 23, 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. Highlights: Singapore is a bustling city-state at the heart of Southeast Asia, a multicultural hub of transport, finance and retail. Singapore’s easy tariff and import regimes have made it a favorite regional shopping destination, as products from around the world are readily available at reasonable prices. Singapore Fashion Week draws local and international talent – both established and up and coming. 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 MAY 24 2019 Coresight Research May 23, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at the changes in luxury as the business seeks to keep up with the fast-shifting consumer landscape. In the US, Walmart announced it will start offering next-day delivery for online orders, reaching 75% of the US by the end of 2019 – nipping at Amazon’s heels, which on April 25 announced plans for one-day delivery for all Amazon Prime members. Britain’s Competition and Markets Authority (CMA) intends to investigate the JD Sports acquisition of smaller rival Footasylum to assess if the deal would significantly reduce competition in the UK market. L’Oréal subsidiary La Roche Posay launched an anti-acne advice app for the China market, working with Alibaba. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2019, Week 21: Dressbarn to Close, Adding Almost 700 to US Closures Total Coresight Research May 23, 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. 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. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019. So far this year, US retailers have announced 7,150 store closures and 2,726 store openings. This compares to 5,864 closures and 3,239 openings for the full year 2018. Year to date, UK retailers have announced 325 store closures and 368 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 ReportInsights from China: China’s Economic Growth Slows Coresight Research May 23, 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 China’s slowing economic growth. 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 ReportApril 2019 US Monthly Retail Traffic and In-Store Metrics Report: Easter Week Boosts Traffic Coresight Research May 23, 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 US Monthly Retail Traffic and In-Store Metrics Report reviews year-over-year changes in selected store-based metrics, including sales, traffic and conversion rates. Highlights from our April Retail Traffic report: US store traffic declined 5.0% year over year in April. The conversion rate advanced 0.1 percentage points, average transaction value (ATV) fell 3.2% and the product return rate was flat year over year. April’s performance varied over the course of the four weeks, with traffic increasing in the second week of the month, with an increase of 3.8%. Traffic declined in week 1 by 4.8%, week 3 by 5.1% and week 4 by 9.4%. The northeast experienced the largest declines in sales and traffic at 3.9% and 7.3%, respectively. The midwest had the smallest declines in sales and traffic at 1.1% and 0.2%, respectively. 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
Flash ReportAscena Retail Group Announces Closure of Dressbarn, Eliminating its Value Fashion Segment Coresight Research May 23, 2019 Executive SummaryOn May 20, 2019, Ascena Retail Group announced the closure of its Dressbarn business. Dressbarn, a value fashion chain, operated 674 stores at the end of 2Q19. Dressbarn stores accounted for 15% of Ascena Retail Group’s total portfolio of 4,486 stores. In May 2019, Ascena Retail Group completed the sale of Maurices, its other value fashion brand, which had 943 stores. The Maurices transaction was valued at $300 million. Coresight Research’s tracks news about store closures, openings and bankruptcies 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 collection of store trackers. This document was generated for
