Question of the WeekWhere Do US Shoppers Buy Groceries Online? Coresight Research May 20, 2019 QUESTION OF THE WEEK: Where Do US Shoppers Buy Groceries Online? Amazon remains the most-shopped retailer for groceries online — but second-place Walmart closed the gap with Amazon considerably in the last 12 months. This document was generated for
Company Earnings UpdateCompagnie Financière Richemont (SWX: CFR) FY19 Results: Sales and Profits Jump After YNAP Acquisition Coresight Research May 20, 2019 Executive Summary Compagnie Financière Richemont reported FY19 revenues of €14.0 billion, slightly above the €13.9 billion consensus estimate recorded by S&P Capital IQ, and up 27.3% year over year. During the year, Richemont acquired full control of YOOX NET-A-PORTER (YNAP) and also acquired Watchfinder.co.uk. The company did not provide quantitative guidance for FY20 but Chairman Johann Rupert stated that Richemont “remains confident in [its] ability to achieve [its] long term ambitions.” This document was generated for
Company Earnings UpdateBurberry (LSE: BRBY) FY19 Results: Flat Retail Sales but Retail Comps Grow 2%, Reaffirms 2020 Guidance Coresight Research May 20, 2019 Executive Summary Burberry’s FY19 sales declined 1% to £2.72 billion at constant exchange rates, missing the consensus estimate of flat currency neutral. Adjusted EPS was flat at 82.1 pence, beating the consensus estimate of 81.3 pence. Retail comps grew 2% with low single digit percentage growth in Asia Pacific, EMEA and the Americas. The company confirmed its guidance for FY20: broadly stable revenue and adjusted operating margins at constant exchange rates. This document was generated for
Insight ReportAI Fast Becoming Retail’s Preeminent Technology: Revisiting the CORE Framework Coresight Research May 20, 2019 Executive SummaryArtificial intelligence (AI) has established itself as the preeminent technology in retailing. In this report, we revisit the four overarching use-cases for AI in retail companies identified in our CORE framework: Communication, with personalized homepages, emails and app experiences, plus chatbots, virtual assistants and voice assistants. Optimize Pricing, by forecasting demand and reviewing competitor pricing, which feed into dynamic pricing. Rationalize Inventory, through forecasting consumer demand, smart allocation of inventory and automated audits. Experiential Retail, with AI bringing new ways for shoppers to engage, discover, buy and pay. Click here to view more reports on AI in 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: London Coresight Research May 17, 2019 Executive SummaryIn 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. These are our highlights from London: Browns East is a retail space where brand installations and immersive pop-ups are held. LN-CC stands for Late Night Chameleon Café, a space resembling a gallery with various rooms filled with collections of apparel and accessories. Chiltern Street is a must-see street in the Marylebone area between Dorset and Blandford Streets, with over 40 stores including cafés and shops. 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 17 2019 Coresight Research May 17, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at the struggle for US grocers to grow their online business. In the US, Uber’s disappointing initial public offering may be good reason for other tech companies going public this year to be concerned. The ride-hailing company priced its shares at $45 – and ended Friday 7.6% lower at $41.57 per share, a disappointing Wall Street debut. UK retail sales grew 4.1% year over year in April, versus last April’s rise of 3.1%, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor. Comparable sales increased 3.7% year over year. US retailer Victoria’s Secret will open its first flagship store in Chile this autumn. The flagship store will include all its lingerie collections. This document was generated for
Insight ReportApril 2019 US Retail Sales: Growth Decelerates in Most Sectors with Major Slowdown in Home Improvement and Clothing Stores Coresight Research May 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 monthly US Retail Sales Report reviews the latest sector data published by the US Census Bureau. Highlights from our April US Retail Sales Report: Total US retail sales excluding gasoline and automobiles increased 5.1% year over year in April, strengthening from the revised 0.9% year-over-year rise in March. A late Easter pulled some spending from March into April. Seasonally adjusted, furniture stores sales declined 3.1% year over in April, compared to a 0.4% decrease in March. The home-improvement and clothing sectors saw sales grew 1.2% and 0.2% in April, respectively, slower than 3.4% and 2.4% growth reported in March. In April, nonstore retailers saw sales rise 9.0% year over year, versus 11.3% 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
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2019, Week 20: Party City Shuts Stores Coresight Research May 17, 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 6,378 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
Company Earnings UpdateNVIDIA (NASDAQ: NVDA) 1Q20 Results: Beats Consensus Estimates, Revenues Down Year Over Year but Up Sequentially Coresight Research May 17, 2019 Executive Summary NVIDIA reported fiscal 1Q20 revenues of $2.22 billion, down 30.8% year over year and slightly ahead of the $2.20 billion consensus estimate. Adjusted EPS was $0.88, down 57.0% year over year and beating the $0.57 consensus estimate. Revenues in the company’s core GPU and gaming segments declined year over year but grew sequentially. For fiscal 2Q20, the company guided for revenues of $2.5-2.6 billion, down 17-20% year over year, plus adjusted EPS of $1.07-1.20, above the $0.90 consensus estimate. This document was generated for
Company Earnings UpdateWalmart (NYSE: WMT) 1Q20 Results: Mixed Results, Year on Track Despite Tough Comparison and Currency Headwinds in Q2 Coresight Research May 17, 2019 Executive Summary Walmart reported fiscal 1Q20 revenues of $123.93 billion, up 1.0% year over year and below the $125.28 billion consensus estimate. Adjusted EPS was $1.13, down 0.9% year over year and beating the $1.02 consensus estimate. US comps increased 3.4%, in line with consensus, and US e-commerce sales grew 37%, driven by strength in online grocery, and the home and fashion categories. Management believes the company is well positioned to achieve its full-year goals (adjusted EPS of $4.75–$4.85), though it expects headwinds from weather and currency in Q2. This document was generated for
Company Earnings UpdateAlibaba (NYSE: BABA) 4Q19 Results: Strong Revenue Growth Driven by China Retail Marketplaces Coresight Research May 17, 2019 Executive Summary Alibaba reported 4Q19 revenues of ¥93.5 billion ($13.9 billion), up 51% year over year and beating the consensus estimate of ¥91.7 billion ($13.3 billion). Fiscal 2019 revenues were ¥376.8 billion ($56.2 billion), up 51% year over year. The company expects revenue to reach over ¥500 billion for the fiscal year 2020. This document was generated for
Event CoverageFive Insights from Kingfisher’s Innovation Day 2019 Coresight Research May 16, 2019 Executive SummaryThe Coresight Research team attended Kingfisher’s Innovation Day 2019. Here are five insights: A future Kingfisher CEO will have “freedom to maneuver,” but the key will remain to use Kingfisher’s scale to best effect, according to Chairman Andy Cosslett. The future of retail will be polarized between marketplaces and design-led retailers; Kingfisher will be in the latter camp, said CEO Véronique Laury. Under the proposition and product banner GoodHome, Kingfisher will “solve the nightmare” of DIY for consumers. Kingfisher will focus on three store formats, on top of digital channels: Convenience, a new format termed “The Place,” and Screwfix. Kingfisher expects to overhaul large stores to switch the focus from products to projects. On May 15, 2019, European DIY giant Kingfisher hosted an Innovation Day for analysts. The Coresight Research team was in attendance and in this report, we feature five highlights from the event. This document was generated for
Company Earnings UpdateTencent (HKEX: 0700) 1Q19 Results: Beats Consensus on EPS, Announces New Fintech and Business Services Segment Coresight Research May 16, 2019 Executive Summary Tencent reported 1Q19 revenues of ¥85.47 billion (USD 12.4 billion), up 16.2% year over year and below the ¥88.41 billion consensus estimate. Adjusted EPS was ¥2.19 (USD $0.32), up 14.2% year over year and beating the ¥1.99 consensus estimate. Combined Weixin and WeChat monthly average users (MAU) were 1.1 billion, up 6.9% year over year and fee-based registered value-added service (VAS) subscriptions were 165.5 million, up 12.5% year over year. Tencent started disclosing results for a new FinTech and Business services segment, which recorded ¥21.8 billion (USD $3.2 billion), whose revenues grew 44% year over year, driven by commercial payments, other services such as microloan products and the cloud business. This document was generated for
Deep DiveLuxury Differentiation via (Social) Values, Sustainability and Limited-Run Collaborations Coresight Research May 16, 2019 Executive SummaryLuxury brands are employing social values, sustainability and limited-run collaborations to enhance their brand positioning and attract new luxury consumers. These three strategic focuses could provide cultural relevancy for today’s luxury shoppers: Inclusivity, diversity and transparency have emerged as social values that matter to today’s luxury shoppers, especially the younger generation who will become the luxury shoppers of tomorrow. Sustainability in production, design and product life cycle is more than a marketing tactic. New business models, such as resale, recycling and subscriptions for luxury products, are capturing the interest of millennials. In the US, second-hand luxury e-commerce has grown quickly in recent years. Limited runs and collaborations provide traditional luxury brands access to new consumer segments as they unite seemingly disparate brands. Louis Vuitton and Hermès are among the brands using limited runs to raise awareness among new luxury customers. 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 UpdateCisco (NASDAQ: CSCO) 3Q19 Results: Beats Consensus Estimates, Building a New Architecture for Future Technologies Coresight Research May 16, 2019 Executive Summary Cisco reported fiscal 3Q19 revenues of $12.96 billion, up 4.0% and above the $12.89 billion consensus estimate. Adjusted EPS was $0.78, beating the consensus estimate by a penny. Cisco claims to be building the only integrated, secure architecture that can handle the cloud, AI, the Internet of thigs, 5G wireless and Wi-Fi 6,m which will revolutionize how businesses operate and deliver experiences For the fourth quarter, Cisco guided for revenue growth of 4.5%-6.5% and adjusted EPS of $0.80-$0.82, in line with the $0.81 consensus estimate. This document was generated for
