Event PresentationNew Retail Era—What’s New in China and the US (Hong Kong Trade Development Council) Coresight Research April 27, 2019 Executive SummaryThis presentation was given at the Hong Kong Gifts & Premium Fair, held by the Hong Kong Trade Development Council. It contrasts retailers and shopping mall in Mainland China, Hong Kong and the US, and discusses the concept of New Retail, in addition to retail trends and key technologies. Topics include: New Retail benefits from shopping festivals and new store formats Retail is being reshaped by fresh thinking and changing consumer demands AI is the go-to technology in 2019 that will strip friction from brick-and-mortar 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: Paris Coresight Research April 26, 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 10 innovative retail stores in each city, along with must-see shopping districts and major retail events. Click here to view the full 30 Global Retail Cities series. Paris Highlights: Paris has been a fashion capital for centuries: Hermès was founded there in 1837, Chanel in 1910 and Givenchy in 1952. Along the Rue Oberkampf you’ll find Merci, a designer boutique inside a loft that creates a cozy vibe with couches and a reading area. Le Bon Marché was one of the first department stores in the world when it opened in 1838 – but still as chic as ever, carrying collections from over 40 top fashion designers. Carrousel du Louvre is an underground shopping mall near the Louvre museum and Place du Carrousel. The mall houses over 40 stores. 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 UpdateCasino Group (ENXTPA: CO) 1Q19 Update: Soft France, Strong Latam; Early Progress Toward 2021 Targets Coresight Research April 26, 2019 Executive Summary In 1Q19, Casino Group reported flat same-store sales in France, versus expectations of a 0.4% uplift. Cdiscount comparable sales fell 1.0%, but gross merchandise volumes grew at a double-digit pace as the company continued to expand its marketplace. Strong organic growth in Brazil drove a 6.0% rise in Latin America same-store sales. This document was generated for
Analyst CornerWEINSWIG’S WEEKLY APRIL 26 2019 Coresight Research April 26, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” shows how booming online retail in China could make it easier for foreign brands to enter the market. In the US, continuing jobless claims fell to 1.65 million in the week ended April 5 from 1.71 million in the previous week. In the UK, retail sales excluding automotive fuel grew 4.4% year over year in March, above the 4.0% growth recorded in February. Latin America: Colombia recorded a trade surplus of $580.8 million in February, versus the $1.02 billion deficit recorded in January. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2019, Week 17: Office Depot to Close 50 Stores; In the UK, British Land Sells 12 Sainsbury’s Stores Coresight Research April 26, 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 already exceeded the total we recorded for the full year 2018. So far this year, US retailers have announced 6,105 store closures and 2,658 store openings. This compares to 5,864 closures and 3,239 openings for the full year 2018. Office-goods retailer Office Depot has announced plans to shut 50 stores in 2019. Home decor and imported furniture specialist Pier 1 Imports has announced that it will shut at least 45 stores in its current fiscal year that ends in March 2020. Year to date, UK retailers have announced 322 store closures and 356 store openings. Property development and investment company British Land has sold 12 Sainsbury’s superstores to US real estate investment trust company Realty Income Corporation for a sum of £492 million ($637 million). 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 CoverageLululemon Analyst Day 2019: Plans to Quadruple International Revenue and Double Men’s and Digital Business by 2023 Coresight Research April 26, 2019 Executive SummaryOn April 24, 2019, Lululemon hosted its analyst day in New York City. The company focused on “the power of three” plan which included innovative products, omni guest experience, and market expansion. The company provided its five-year outlook, which included aspirations for the men’s business to double, the digital business to double, and the international business to quadruple. During the event, Lululemon: Shared its vision “to be the experiential brand that ignites a community of people living the sweatlife through sweat, grow and connect.” Said that it has little brand awareness in men’s today, but expects its men’s portfolio to double by 2023. Said it will expand into four selfcare products, launching in 50 selected stores and online in May 2019. Outlined plans to quadruple its international revenue, with a focus on China, by 2023, growing at a 30% CAGR. Said it will open a 20,000-square-foot experiential store in Lincoln Park, Chicago, in July 2019, which will offer all-day classes, provide a place for coffee, juices and smoothies, and will also host over 45 ambassadors. This document was generated for
Flash ReportUK Competition Authority Blocks Sainsbury’s-Asda Merger Coresight Research April 26, 2019 Executive SummaryOn April 25, the UK’s Competition and Markets Authority (CMA) blocked the planned merger of Sainsbury’s and Asda. Sainsbury’s is likely to be under pressure to outline a new way forward that includes a plan to improve performance. Sainsbury’s has been the weakest performing of the major grocery retailers. The merger would have created a highly concentrated UK grocery market, with two companies holding an aggregate share of nearly 60%. The CMA concluded that the merger would result in “price rises, reductions in the quality and range of products available, or a poorer overall shopping experience.” This document was generated for
Company Earnings UpdateIntel (NASDAQ: INTC) 1Q19 Results: Beats Consensus by Two Cents, Rapid Growth at Mobileye, Lowers Revenue Forecast for the Year Coresight Research April 26, 2019 Executive Summary Intel reported 1Q19 revenues of $16.06 billion, flat year over year and in line with the consensus estimate. Adjusted EPS was $0.89, up 1.8% and beating consensus by $0.02. PC-centric revenue increased 4.5%, offset by data-centric revenue, which declined 4.4%. Revenue from Mobileye grew 38.4%. The company reduced its 2019 revenue forecast by $2.5 billion to $69 billion and guided for Q2 revenues and EPS below consensus estimates. This document was generated for
Company Earnings UpdateAmazon.com (NASDQ: AMZN) 1Q19 Results: Blows Out EPS, Strength in AWS and Subscriptions, Light Q2 Profit Guidance Coresight Research April 26, 2019 Executive Summary Amazon.com reported 1Q19 revenues of $59.70 billion, up 17.0% year over year and in line with the consensus estimate. EPS was $7.09, up 61% year over year and beating the $4.70 consensus estimate. Amazon Web Services (AWS) was the fastest-growing segment by far, growing 41.4%; subscription revenue grew 40.0%. Operating profit in the North America segment doubled, and the loss in the international segment declined sharply. The company guided for 2Q19 revenues of $59.5-63.5 billion (up 13-20% year over year), in line with the consensus estimate, and operating income of $2.6-3.6 billion, below the $4.2 billion consensus estimate. This document was generated for
Insight ReportInsights from China: The Childhood Obesity Problem and Its Implications for the Fashion Industry in China Coresight Research April 25, 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 the business operations and future outlook. This week, we review the phenomenon of increasing number of overweight and obese children in China and its implications for the fashion industry. 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 UpdateBoohoo Group (LSE: BOO) FY19 Results: Top Line and EPS Beat Consensus; Strong FY20 Outlook Coresight Research April 25, 2019 Executive Summary Boohoo Group reported FY19 total sales of £856.9 million, up 47.0% at constant currency and 48.0% as reported, and beating the consensus estimate of £843.9 million recorded by StreetAccount. Boohoo’s FY19 adjusted EBITDA margin expanded 5 basis points (bps) to 9.9% and ahead of the consensus estimate of 9.6% recorded by StreetAccount. For FY20, the Group expects to report revenue growth in the range of 25% to 30% and an adjusted EBITDA margin of about 10%. This document was generated for
Company Earnings UpdateAvery Dennison (NYSE: AVY) 1Q19 Results: Mixed Quarter, Reiterates Guidance, Growth and Margins to Improve Throughout 2019 Coresight Research April 25, 2019 Executive Summary Avery Dennison reported 1Q19 revenues of $1.74 billion, down 2.0% year over year and slightly below the $1.77 billion consensus estimate. Adjusted EPS was $1.48, up 3.2% year over year and beating the consensus estimate by two cents. Organic growth was 2.4%. Revenues in the retail branding and information solutions segment grew 3.2% year over year, whereas revenues in other segments declined. The company reaffirmed its 2019 adjusted EPS guidance of $6.45–$6.70 (up 6%–10%.) This document was generated for
Company Earnings UpdateUnibail-Rodamco-Westfield (AMS: URW) 1Q19 Update: Revenue and Traffic Increases in European Shopping Centers Coresight Research April 25, 2019 Executive Summary Unibail-Rodamco-Westfield (URW) reported 1Q19 revenues of €939.6 million, up 70.2% year over year, driven by the acquisition of Westfield Corporation. The proportionate gross rental income of the Shopping Center division increased 73.0% to €673.9 million, with France, Central Europe and Austria leading the growth. The company reaffirmed 2019 guidance for adjusted recurring earnings per share (AREPS) of €11.80–€12.00. This document was generated for
Company Earnings UpdateSAP 1Q19 Results: Beats Consensus, Rapid Cloud Growth, Maintains/Raises 2019-2020 Guidance Coresight Research April 25, 2019 Executive Summary SAP reported 1Q19 revenues of €6.12 billion, up 16.3% year over year and beating the €5.95 billion consensus estimate. Adjusted EPS was €0.90, up 24.4% and beating the €0.83 consensus estimate. Cloud subscriptions and support was the fastest-growing segment, with adjusted revenues growing 48%. The company reiterated revenue guidance, raised its operating profit guidance for 2019 and 2020 and announced a 2023 goal of €35 billion in adjusted revenue. This document was generated for
Company Earnings UpdateeBay (NASDAQ: EBAY) 1Q19 Results: Steady Revenue Growth Beating Consensus Coresight Research April 25, 2019 Executive Summary eBay reported revenues of $2.64 billion in 1Q19, up 2.4% year over year and beating the consensus estimate of $2.58 billion. Active global buyer numbers increased 4% year over year to a total of 180 million. The company expects revenues of $2.64-69 billion in 2Q19, representing growth of 2-4% on a currency-neutral basis. This document was generated for
