Market Navigators/Market OutlookEnterprise Wearables: A Dynamic Market Coresight Research May 8, 2019 Executive SummaryIn this report, we review the market for enterprise wearables: Devices used in business environments for work. We estimate global shipments for enterprise wearables were approximately 10.4 million units in 2018, and expect this total to reach more than 23 million units by 2022. Bring Your Own Device (BYOD) has gained traction and increased the services, applications and data stored on devices, including the amount of data exchanged between devices. Of the five companies with the largest global share in wearable shipments, only Apple, Fitbit and Samsung have wearable offerings for business. The need for employees to stay connected in stores is expected to drive the market for wearables in retail, while the wearable market in healthcare is expected to be driven by advancements in health trackers. 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 and China Quarterly Economic Update: Data Shows Resilience in US and China Economies Coresight Research May 8, 2019 Executive SummaryIn this report, we discuss recent macroeconomic indicators from the US and China: US GDP increased by an annual seasonally adjusted rate of 3.2% in the first quarter of 2019, versus 2.2% in the fourth quarter of 2018. US industrial output decreased at an annual seasonally adjusted rate of 0.3% in the first quarter of 2019. GDP in China increased 6.4% year over year in the first quarter of 2019, the same as the previous quarter. 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 UpdateNCR (NYSE: NCR) 1Q19 Results: Revenues and EPS in Line, Investing in Digital Growth Programs Plus Recurring Revenue Coresight Research May 8, 2019 Executive Summary NCR reported 1Q19 revenues of $1.54 billion, up 1.3% and slightly ahead of the consensus estimate. Adjusted EPS was $0.48, down 14.3% and in line with the consensus estimate. Banking revenue increased 5.1% year over year, whereas retail revenue declined 1.9% and hospitality revenue declined 5.4%. The company reaffirmed its 2019 guidance of 1%-2% revenue growth and adjusted EPS guidance of $2.75-$2.85 (up 5%-9%) and in line with the $2.81 consensus estimate. This document was generated for
Company Earnings UpdateJohnson Controls (NYSE: JCI) 2Q19 Results: Mixed/In-Line Quarter, Raises 2019 EPS Guidance Coresight Research May 8, 2019 Executive Summary Johnson Controls reported fiscal 2Q19 revenues of $5.78 billion, up 2.6% and in line with the consensus estimate. Organic growth was 6%. Adjusted EPS from continuing operations was $0.32, beating the consensus estimate by two cents. Revenues in the field business (building solutions) grew 3%, and 6% organically. Revenues in the products business grew 2%, and 7% organically. Backlog increased 6% year over year. The company raised its 2019 EPS guidance to $1.85-$1.95 (up 16%-23%) from $1.75-$1.85 (up 10%-16%). This document was generated for
Insight ReportRetail-Tech Landscape: Blockchain Coresight Research May 7, 2019 Executive SummaryBlockchain has the potential to disrupt retail by decentralizing processes to make operations more efficient and secure. This retail-tech landscape lists notable blockchain startups focusing on retail applications including supply chain, traceability, Internet of Things (IoT) integration and payments. To read our deep-dive report on how retailers can deploy blockchain technology across their operations, click here. To view more of our Innovator Landscapes spotlighting innovative retail-tech start-ups that are disrupting the retail industry, 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
Flash ReportPresident Trump Threatens Additional Tariffs on Chinese Imports Ahead of Crucial Trade Talks Coresight Research May 7, 2019 Executive SummaryOn May 5, US President Donald Trump threatened to escalate tariffs on goods imported from China, just ahead of a planned series of meetings this week some were hoping would end the trade dispute. Trump threatened to increase tariffs on $200 billion worth of Chinese goods from 10% to 25% on May 10, and impose 25% tariffs “shortly” on an additional $325 billion worth of Chinese goods. There are rumors that Chinese officials might cancel this week’s talks in Washington that many expected to be the final round of negotiations, but during a Monday news conference, a spokesman for China’s Ministry of Foreign Affairs said the trade delegation is still preparing to travel to the US for the talks. Stock markets fell on the news: Dow Jones Industrial Average futures declining around 66.47 points or 0.3% end of day Monday US local time, sliding more than 450 points earlier on Monday morning. This document was generated for
Company Earnings UpdateAdidas (DB: ADS) 1Q19 Results: Double-Digit Growth in Asia Pacific and 16% in China Drive Operating Margin Expansion Coresight Research May 7, 2019 Executive Summary Adidas reported 4% currency-neutral 1Q19 revenue growth driven by 5.3% growth in the Adidas brand. As reported, revenues rose 6.1% to €5.88 billion. Asia Pacific sales grew 12% on a currency-neutral basis, driven by the strong 16% pace set in greater China. Emerging markets and Russia/CIS also achieved double-digit currency neutral growth, 10% and 22%, respectively. Despite the expectation of continued supply chain constraints through Q4, management reiterated FY19 This document was generated for
Insight ReportNew Retail Briefing #9: Taobao Opens Taostyle for Online Clothing Brands; JD.com Seeks Fresh Food Partnerships in Southeast Asia Coresight Research May 7, 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: Taobao launched a multi-label physical store to bring the independent clothing brands selling on its platform offline. Alibaba’s Freshippo fresh food supermarket closed a store for the first time since its establishment. JD.com bolstered its efforts to source fresh food from Southeast Asian countries. Apple opened an official Weibo account to engage with China’s 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 UpdateDiebold Nixdorf (NYSE: DBD) 1Q19 Results: Misses Consensus, But Profitability Improves Amid Transformation Coresight Research May 7, 2019 Executive Summary Diebold Nixdorf reported 1Q19 revenues of $1.03 billion, down 3.4% as reported up 3.0% in constant currency and below the $1.05 billion consensus estimate. Adjusted EPS was $(0.63), below $(0.13) in the year-ago quarter and below the $(0.35) consensus estimate. Revenue in the company’s Americas banking segment grew 8.7% year over year, driven by a 49.4% increase in product revenue. Revenue from retail products grew 5.1%. The company reiterated its prior 2019 guidance of revenues of $4.4-4.5 billion (down 2-4%) and adjusted EBITDA of $380-420 million (up 15-27%). This document was generated for
Company Earnings UpdateBrookfield Property Partners (NASDAQ: BPY) 1Q19 Results: Beats Consensus by a Penny, Completes Share and Unit Repurchases Coresight Research May 7, 2019 Executive Summary Brookfield reported 1Q19 FFO per unit of $0.38, up 25.0% year over year and beating the consensus estimate by a penny. Net income was $0.32 per unit, compared to $0.69 in the year-ago quarter. Core retail exited the quarter at a 95.3% occupancy rate, down 10 bps year over year. NOI-weighted sales per square foot were $765, up 4% year over year and up 3% sequentially. During the quarter, the company completed $490 million of gross asset dispositions, at prices 3.6% higher than their International Financial Reporting Standards (IFRS) value. This document was generated for
Question of the WeekWhere Do US Consumers Buy Groceries In-Store? Coresight Research May 6, 2019 QUESTION OF THE WEEK: Where Do US Consumers Buy Groceries In-Store? Walmart is the clear leader among US consumers when it comes to in-store grocery shopping, with around seven in ten shoppers saying that they purchased groceries from a Walmart store in the past 12 months. This document was generated for
Company Earnings UpdateWayfair (NYSE: W) 1Q19 Results: Revenues Beat Consensus Estimates, Losses Deepen Coresight Research May 6, 2019 Executive Summary Wayfair reported 1Q19 adjusted EPS of $(1.62), marginally behind the $(1.61) consensus estimate. Revenues were $1.94 billion, up 39% and marginally ahead of the $1.92 billion consensus estimate. US direct retail accounted for 85% of revenues and grew 38.5%. International direct retail accounted for 15% of revenues and grew 41.7%. Consensus estimates for 2Q19 call for revenue of $2.22 billion (up 16.5%) and EPS of $(1.17). This document was generated for
Company Earnings UpdateHanesbrands (NYSE: HBI) 1Q19 Results: Strong Champion Sales Propelled Growth Coresight Research May 5, 2019 Executive Summary Hanesbrands reported robust 1Q19 revenue growth driven by US activewear and Champion subsidiary sales. International segment sales increased 13%. Champion sales increased 75%, excluding the mass channel and on a constant currency basis. Management reiterated guidance for FY19 and issued 2Q19 guidance. This document was generated for
Company Earnings UpdateThe Macerich Company (NYSE: MAC) 1Q19 Results: Beats Estimates, Raises/Reaffirms 2019 Guidance Coresight Research May 3, 2019 Executive Summary Macerich reported 1Q19 revenues of $226.5 million, down 4.3% year over year and beating the $220.4 million consensus estimate. FFOPS were $0.81, beating the consensus estimate by a penny. Mall tenant sales per square foot for the 12 months ended March 31 were $746, up 8.7% year over year, and the average rent per square foot was $60.74 as of March 31, up 3.9%. The company reaffirmed its 2019 FFO guidance of $3.65-$3.73 and raised EPS guidance to $0.41-0.49 from $0.33-0.41 previously. This document was generated for
Event CoverageShoptalk 2019 Startup Pitch Recap Coresight Research May 3, 2019 Executive SummaryThe Coresight Research team was in Las Vegas attending and participating in the Shoptalk 2019 conference, March 3–6. In this report, we profile the 15 innovative retail-technology companies that competed in Shoptalk’s Startup Pitch. 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. This document was generated for
