Insight ReportMarch 2019 US Monthly Retail Traffic and In-Store Metrics Report: Traffic Decline Steepens Coresight Research April 17, 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 March Retail Traffic report: US store traffic declined 7.9% year over year in March. Year over year, the conversion rate fell 0.4 percentage points, average transaction value (ATV) grew 3.3% and the product return rate decreased by 0.3 percentage points. March’s performance varied over the course of the five weeks, with traffic sliding least in the second and third week of the month, with declines of only 4.6% and 3.8%, respectively. The west experienced the largest declines in sales and traffic at 9.3% and 8.7%, respectively. The northeast had the smallest declines for sales at 4.7%, while the south had the smallest declines for traffic at 7.2%. 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 UpdateIBM (NYSE: IBM) 1Q19 Results: Mixed Results, Revenues Down for Third Consecutive Quarter, Reiterates Guidance Coresight Research April 17, 2019 Executive Summary IBM reported 1Q19 revenues of $18.18 billion, down 4.7% year over year and missing the $18.47 billion consensus estimate. Adjusted EPS was $2.25, down from $2.45 billion the year-ago quarter and beating consensus by three cents. The revenue decline was driven by an 11.5% decrease in the systems segment and a 7.4% decrease in the technology services and cloud services segment. Revenues the cognitive solutions segment declined slightly and global business services revenue was flat. The company guided for 2019 adjusted EPS of $13.90, in line with the consensus estimate. The Red Hat acquisition is expected to close in the second half of the 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 UpdateL’Oréal (ENXTPA: OR) 1Q19 Update: Sales Growth Led by Luxe and Active Cosmetics Divisions, Plus New Markets Coresight Research April 17, 2019 Executive Summary L’Oréal reported 1Q19 sales of €6 billion, an 11.4% increase on a reported basis, or 7.7% growth on a comparable basis. By division, professional products achieved 4.8% sales growth, consumer products was up 7.0%, L’Oréal Luxe was up 19.0% and active cosmetics was up 14.1%, all based on reported figures. By geography, sales rose 19.5% in New Markets, 9.2% in North America and 2.1% in Western Europe. Asia Pacific was the best performing, growing 30.4%. Management believes the company will outperform the market in 2019 and see another year of growth, despite a volatile economic environment. 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
Event CoverageAmazon House in A Box and 3D-Printed Fashion: Key Insights from Retail-Tech Events at Milan Design Week 2019 Coresight Research April 15, 2019 Executive SummaryThe Coresight Research team attended Milan Design Week during the weekend of April 12–14, 2019. In this report, we feature key insights from our visits to retail-tech-related events organized around the city. Amazon “House in a Box” displayed the company’s smart-home devices and the latest innovations from its home and furniture shopping portal, such as an augmented reality (AR) function. Google showcased wearable technology developed in collaboration Johns Hopkins University to measure the physical and physiological responses of wearers to the lights, smell, sounds and visual aesthetics in its exhibition space. Ikea introduced its new Symfonisk table lamp and bookshelf speakers, developed in collaboration with smart-speaker brand Sonos. We spoke to fashion designer Ganit Goldstein, who collaborates with Israeli tech company Stratasys to produce 3D-printed fashion and accessories. Goldstein envisions a not-so-distant future in which fashion items will be completely customized through the use of body scanners and 3D printers. 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
Question of the WeekQOTW: Where Do US Consumers Shop for Home-Improvement and Hardware Products? Coresight Research April 15, 2019 QUESTION OF THE WEEK: Where Do US Consumers Shop for Home-Improvement and Hardware Products? Home Depot is America’s most-shopped retailer for home-improvement and hardware products, with four in ten shoppers saying it is where they shop most often for these categories. This document was generated for
Company Earnings UpdateFast Retailing (TSE: 9983) 1H19 Results: Revenues Up, but Company Lowers Profit Outlook for Second Half Coresight Research April 15, 2019 Executive Summary Fast Retailing reported 1H19 revenues of ¥3 trillion ($11.4 billion), up 6.8%, and operating profit of ¥172.9 billion ($1.6 billion), up 1.4%. The company reported diluted EPS of ¥1,115.7 ($10.1), up 9.5% from the year-ago period. By banner, revenues at Uniqlo Japan declined 0.5%; Uniqlo International revenues were up 14.3%; GU brand posted ¥1 billion ($1.1 billion) in revenue, up 10.7%. Global Brands (Theory, PLST, Comptoir Des Cotonniers, Princess Tam.Team, J Brand) revenues down 0.9%. The company expects to report a 2H19 operating profit of ¥260 billion ($2.3 billion), versus its previous guidance of ¥270 billion. 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 ReportMarch 2019 US Same-Store Sales: Costco and Buckle Comps Show Sequential Improvement; Cato Comparable Sales Continue to Slide Coresight Research April 15, 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 US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato. Highlights from our March US Same-Store Sales report: Costco’s same-store sales growth showed a sequential strengthening, led by strong store traffic. Its e-commerce segment continued to post strong growth. Buckle’s comps showed sequential improvement. Its men’s segment performed better than its women’s segment. Cato’s comparable sales continue to decline. The company closed two stores in March. 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
Deep DiveUS Millennials and Grocery: An Aging Millennial Demographic is Creating an Older/Younger Divide Coresight Research April 15, 2019 Executive SummaryIn this report, we review how millennials’ shopping habits and preferences are shaping the grocery retail sector. The millennial age group spans 20 years, with the oldest members turning 39 years old in 2019. With this aging, the gap between the oldest and youngest millennials — in attitudes and behavior — is likely to be wider than ever. Our data show younger millennials shop at mass merchandisers, spend on wellbeing and fitness, and try to buy consciously. We characterize millennials under 30 as frugal, fit and conscious shoppers. Millennials aged 30+ are more likely than their younger peers to look for savings, shop at traditional supermarkets and buy groceries online. We characterize older millennials aged 30+ as sensible, settled and digital shoppers. Millennials under 30 are the peak age group for buying groceries at mass merchandisers Walmart and Target. Older millennials tend to be the peak demographic for traditional-format supermarkets, such as Kroger and Albertsons, as well as for buying groceries online. The US Department of Agriculture (USDA) also observes an age divide in millennial behaviors: It reports that millennials who entered the workforce during the 2007–09 Great Recession exhibit more frugal characteristics, such as buying more food for at-home preparation instead of food away from home. The Food Marketing Institute and the Hartman Group found children in the house also affect digital behavior: Millennials with children under 18 are much more likely to use smartphones as part of their in-store grocery shopping trips than are those without children. 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: Hong Kong Coresight Research April 12, 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, most innovative retailers in each city, along with must-see shopping districts, major retail events and innovative store formats. Click here to view the full 30 Global Retail Cities series. Hong Kong Highlights: Hong Kong is an international city, attracting businesses and residents from around the world Retail has traditionally been dominated by a few big companies selling similar products More recently, the city has seen more creative, innovative concepts emerge Hong Kong-born Goods of Desire (G.O.D.) combines Hong Kong’s modern, fast-paced culture with the city’s older traditions 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 Retail Inventory Tracker, 4Q18: Potential Tariff Hike and Poor Holiday Sales Lead to Higher Inventories Coresight Research April 12, 2019 Executive SummaryIn this first of our quarterly US Retail Inventory Tracker reports we analyze inventory trends among our Coresight 100 US retailers. Most retailers increased inventory even as the holiday season ended, with looming tariff increases a major cause: Retailers pre-bought expecting higher future import tariffs on products from China. Apparel specialty retailers similarly piled up stock ahead of the potential tariff increase, such as specialty retailers Dick’s Sporting Goods and Burlington Stores. Department stores held inventory levels lower. Macy’s merchandise inventory was impacted by a fire, Kohl’s invested to optimize inventory, so the company was able to reduce stock and increase turnover. General-merchandise retailers, such as Walmart and Dollar General, also increased inventory ahead of tariff increases. Luxury retailer inventory levels increased due to planned investments in store expansion and assortment mix optimization. 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 APRIL 12, 2019 Coresight Research April 12, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at the promise of 5G smart phone technology for the retail industry. In the US, Sears, which emerged from bankruptcy in February, has announced it will open three new “Sears Home & Life” stores in May. A late Easter and Brexit uncertainty caused UK retail sales to fall 0.5% year over year in March, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor. Japanese retailer Aeon will convert 80 of its 480 retail outlets in China into self-serve smart stores. 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 15: Fred’s to Shut 159 Stores; In the UK, Debenhams Enters Administration Coresight Research April 12, 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 exceeded the total we recorded for the full year 2018. So far this year, US retailers have announced 5,994 store closures and 2,641 store openings. This compares to 5,864 closures and 3,239 openings for the full year 2018. Pharmacy retailer Fred’s plans to shut 159 stores by the end of May. Apparel retailer Levi’s has announced plans to open 100 stores in its fiscal year 2019 that ends in November. Year to date, UK retail announced store openings and closures running almost neck and neck, with announced store closures at 322 and store openings at 351. Department store chain Debenhams has fallen into administration. 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 UpdateLVMH (ENXTPA: MC) 1Q19 Update: Achieves Double-Digit Organic Sales Growth, Led by the Fashion and Leather Goods Group Coresight Research April 12, 2019 Executive Summary LVMH reported 1Q19 sales of €5 billion, with 11% year-over-year organic growth, or growth of 16% on a reported basis. Revenues at the company’s fashion and leather goods group rose 15% in constant-currency terms, or 20% on a reported basis, to €5.1 billion, setting the pace at LVMH. Louis Vuitton and Christian Dior had an exceptional 1Q19, according to management on the investor call, outperforming the fashion and leather goods group brand portfolio. Both the perfumes and cosmetics and wine and spirits groups achieved 9% constant-currency growth in 1Q19, followed by selective retailing at 8%, and watches and jewelry at 4%. 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 ReportWalmart to Acquire Technology and Assets of Silicon Valley Adtech Startup Polymorph Labs Coresight Research April 12, 2019 Executive SummaryOn April 11, 2019, Walmart announced plans to acquire the assets and technology of Silicon Valley-based advertising-technology startup Polymorph Labs for an undisclosed amount. The acquisition is intended to bolster Walmart’s in-house advertising team Walmart Media Group. Walmart plans to use Polymorph’s technology platform to enable Walmart advertisers to come on board quickly, select audience segments based on shopping behavior, automate ad delivery and then measure the influence of ads on sales. Polymorph is a Silicon Valley ad tech startup founded in 2013 that has developed a cloud-based, self-serve platform that connects to thousands of automated supply-side ad-buying systems and empowers advertisers to create, manage and monetize native ad inventory across multiple channels. Its technologies include a high-speed native ad server, a self-serve interface and a mechanism for server-side header bidding. For companies running large e-commerce businesses, online advertising represents a substantial additional revenue opportunity, and this announcement reveals Walmart’s activity in that area. 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 ReportInsights from China: Opening Up Further, Embracing AI and Accelerating 5G Commercialization — Key Points from the China Development Forum Coresight Research April 11, 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 20th China Development Forum which took place March 23-25, 2019, in Beijing. 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
