Company Earnings UpdateRH (NYSE: RH) 4Q18 Results: Beats on Comps and EPS but Misses on Revenues; Reduces 2019 Guidance to Below Consensus Estimates Coresight Research March 29, 2019 Executive Summary RH reported 4Q18 revenues of $670.89 million, flat year over year and missing the $686.4 million consensus estimate due to sales weakness in December which persisted through the remainder of Q4. Adjusted EPS was $3.00, beating the $2.86 consensus estimate. Comparable-brand revenue growth was 5%, beating the 4.8% estimate and the 2% reported in the year-ago quarter. The company reduced 2019 guidance due to weakness in its core business as well as in high-end housing, guiding for 2019 adjusted net revenues of $2.58-2.63 billion, an increase of 3-5%, and adjusted EPS of $8.41-9.08, an increase of 11-19%. 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 MARCH 29, 2019 Coresight Research March 29, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses how strong demand for value fashion, e-commerce pure plays and sportswear brands is pressuring Europe’s middleground apparel retailers. Following a stronger-than-expected IPO, Levi Strauss CEO Chip Bergh said on Mar. 21 that Levi’s has a “clear runway for growth” as it looks to boost women’s jeans sales. British supermarket Ocado signed an exclusive services agreement with Australian supermarket Coles to develop Coles’ online grocery business using the Ocado Smart Platform. Chinese technology giant Tencent plans to enter the lucrative mobile payments market in India by introducing WeChat Pay in the country, pitching it against Google Pay and Paytm. 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 Report30 Global Retail Cities: New York — Retail is a Platform for Storytelling and Immersive Experiences in America’s Shopping Capital Coresight Research March 28, 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 have 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. New York Highlights: Hudson Yards opened on March 15 with more than 100 retail brands and a “Floor of Discovery.” Showfields aims to be “The Most Interesting Store in The World” with its combination of art gallery, a café and digitally native brands. Dover Street Market, is retail on Rei Kawakubo’s terms with seasonal resetting of the entire retail space and a mix of street and luxury. 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 UpdateLululemon (NASDAQ: LULU) 4Q18 Results: Revenues up 26%, Opening 40-50 Stores in 2019 – Half in International Markets Coresight Research March 28, 2019 Executive Summary Lululemon 4Q18 revenues were $1.17 billion, up 26% year over year and beating the consensus estimate of $1.15 billion. The company reported 4Q18 EPS of $1.65, up 87.5% from the year-ago period. For the fourth quarter, the company saw consolidated comparable sales growth of 17% on a constant-dollar basis, compared to the consensus estimate of 16.9%, and beating the company’s guidance of mid to high teens. For the year, the company’s comparable store sales increased 8% on a constant-dollar basis. For the full year 2019, management expects revenue to be in the range of $3.70-3.74 billion, and for FY19 diluted earnings per share to be in the range of $4.48-4.55, above the consensus estimate of $4.41. 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 UpdateFive Below (NASDAQ: FIVE) 4Q18 Results: Beats Consensus Estimates but Light 2019 Guidance Coresight Research March 28, 2019 Executive Summary Five Below reported 4Q18 revenues of $602.7 million, up 19.4% year over year and beating the $601.4 million consensus estimate. EPS was $1.59, beating the consensus estimate by two cents. Comps increased 4.4%, beating the 4.2% consensus but down from 6.5% in the year-ago quarter. The company guided for 2019 revenues of $1.86-1.88 billion, up 20-21% but below the $1.90 billion consensus and for EPS of $3.00-3.07, up 13-15% and below the $3.13 consensus. New lease accounting is expected to hurt 2019 EPS by $0.10. 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: Alipay and WeChat Pay Go International Coresight Research March 28, 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 future outlook. This week, we look at how China’s leading mobile payment providers Alipay and WeChat Pay are expanding internationally. 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 CoverageShoptalk 2019 Startup Pitch Competition Recap: 15 Retail Technology Disruptors Coresight Research March 27, 2019 Executive SummaryThe Coresight Research was in Las Vegas attending and participating in the Shoptalk 2019 conference, March 3-6. To kick off this year’s conference, Coresight Research Founder and CEO Deborah Weinswig emceed Shoptalk’s Startup Pitch competition. The competition featured 15 early-stage technology companies, which we classified into four categories: merchandising and marketing solutions; physical retail solutions; fulfillment and post-purchase operations; and, retail e-commerce experiences. There were two winners, one chosen by a panel of judges and the other through audience voting. The judges picked Chatter Research, a company that makes a conversational commerce tool tailored to collect consumer post-purchase feedback. The audience chose smartphone-based self-checkout solution Rapitag. 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 ReportOcado Inks Another International Deal, Signing Up Australia’s Coles Group to the Ocado Smart Platform Coresight Research March 27, 2019 Executive Summary Ocado Group has signed Australian grocery retailer Coles to its Ocado Smart Platform (OSP). The companies will construct two robotic fulfillment centers in Australia, and Coles will deploy Ocado’s store-picking technology. Coles already generates more than A$1 billion in online sales on an annualized basis, a large share of 2018’s A$3.5 billion in total Internet sales of food and drink in Australia. Ocado’s deal with Coles follows similar agreements with retailers such as Kroger in the US, Sobeys in Canada and Groupe Casino in France. 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 UpdateOllie’s Bargain Outlet (NASDAQ: OLLI) 4Q18 Results: Beats by a Penny but Misses on Revenues and Comps, Light 2019 Guidance Coresight Research March 27, 2019 Executive Summary Ollie’s reported 4Q18 revenues of $393.9 million, up 10.4% but missing the $398.2 million consensus estimate. Adjusted EPS was $0.71, up 40.4% and beating the consensus estimate by a penny. Comps increased 5.4%, up from 4.4% in the year-ago quarter but missing the 6.0% consensus estimate. Ollie’s guided for 2019 revenues of $1.43-1.44 billion, up 16-17% but slightly below the $1.45 billion consensus, comps to increased 1-2%, and adjusted EPS of $2.10-2.15, up 15-18% and below the $2.15 consensus estimate. 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 ReportBoohoo Group Acquires MissPap Coresight Research March 27, 2019 Executive Summary Boohoo Group has acquired Internet-only women’s fashion brand MissPap. The acquisition adds to Boohoo Group’s collection of banners, which include Nasty Gal and PrettyLittleThing. 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 ReportNew Retail Briefing #6: Alipay Expands to the UK in Partnership with Barclaycard, Watsons Mobile App Features Virtual Makeup Try-On Coresight Research March 26, 2019 Executive Summary“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond. Here’s what’s happening: Alipay has teamed up with Barclaycard to officially introduce Alipay to the UK. A.S. Watson has launched a new virtual makeup feature on its mobile apps. Alibaba has invested in Chinese courier company STO Express, strengthening its influence in the delivery space. 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 Report2019 Tax Tracker Week 7: Filings Still Down One Month Before Tax Day Coresight Research March 26, 2019 Executive SummaryThe US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis. As of March 15, the IRS had received 75.9 million tax returns, down 2.5% year over year. A total of 59.9 million refunds had been issued as of that date (down 3.0% year over year), totaling $177.2 billion (down 3.1% year over year) and averaging $2,957 (down $3 or 0.1% year over year). The top three expected uses for refunds were savings (50% of respondents expecting refunds said they would save the money), paying down debt (34%) and everyday expenses (22%), according to the recent annual Tax Returns Survey by the National Retail Federation (NRF). 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 UpdateTiffany & Co. (NYSE: TIF) 4Q18 Results: Strong Dollar Hurts Tourist-Driven Holiday Sales Coresight Research March 25, 2019 Executive Summary Tiffany reported adjusted EPS of $1.67 for 4Q18, beating the consensus estimate of $1.60. Total revenue for the quarter declined 1% to $1.32 billion, or up 1% at constant exchange rates, and missing the consensus estimate of $1.33 billion. At constant exchange rates, comps were flat worldwide but increased 3% in Japan and were up 1% in the Americas, partly offsetting flat comps in Asia Pacific ex Japan and Europe. The company expects low-single-digit global sales growth and a low-single-digit comp gain in FY19. EPS is projected to grow at a mid-single-digit percentage rate. 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 CoverageVM Global Leadership Summit: Decoding the Consumer, The New Science of Customer Behavior Coresight Research March 25, 2019 Executive SummaryCoresight Research attended the 13th Annual VM Global Leadership Summit on March 20 in New York City. CEO Deborah Weinswig delivered the keynote address Consumers at the Crossroads of Tech and Retail and moderated a panel discussion titled Tactics and Insights for Decoding Consumer Behavior. Panel participants included David Hoodis, CEO at Mood Media; Nevin Raj, Cofounder and COO at Grata Data; Heike Young, Senior Manager, Strategy & Insights: Retail & Consumer Goods at Salesforce; and, Karl Haller, Partner, Consumer Center of Competency at IBM. Coresight Research’s BEST Framework provides a schema for reshaping retail to make the store experience rich with services and customization that build brands and customer loyalty. Physical retail is far from dead, it’s evolving and service can be a key differentiator that builds customer loyalty: Know its value and how to use it in a different way. Loyalty is a key focus in 2019. Complacency should be your biggest fear – along with not knowing your competitors. 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 ReportFebruary 2019 UK Retail Sales: Fragmented Sectors Drive Strong Total Growth, But Core Sectors Show Softness Coresight Research March 25, 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 February UK Retail Sales Report: The Office for National Statistics (ONS) reported a strengthening of retail growth to 4.0% year over year in February, supported by a 3.5% increase in volumes. However, core sectors such as grocery retailers, department stores/mixed-goods retailers and large clothing retailers each reported soft year-over-year growth of around 1% or less. Total reported growth continued to be underpinned by unusually strong growth in fragmented sectors such as small clothing retailers, health and beauty retailers, and food specialists. 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
