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. 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%. 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. 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
Company Earnings UpdateASOS (LSE: ASC) 1H19 Results: Profits Slide due to Higher Warehousing and Technology Costs Coresight Research April 11, 2019 Executive Summary ASOS reported 1H19 group sales of £1.31 billion, up 12.0% year over year on a constant-currency basis (up 13.5% as reported) and slightly ahead of the consensus estimate of £1.30 billion recorded by StreetAccount. The company reported diluted EPS of 3.6 pence, down 87.7% year over year, but above consensus of 3.1 pence. ASOS maintained its full-year guidance. This document was generated for
Company Earnings UpdateTesco (LSE: TSCO) FY19 Results: Hits FY20 Margin Target in Second Half Coresight Research April 11, 2019 Executive Summary Tesco reported FY19 total sales of £63.9 billion, up 11.0% year over year on a constant-currency basis (increasing 11.2% as reported) and missing the consensus estimate of €64.5 billion recorded by StreetAccount. Tesco’s FY19 adjusted operating margin came in at 3.45% versus the company’s long-term aim to hit a 3.5-4.0% margin in FY20. In 2H19, the group operating margin reached 3.96% (3.79% ex Booker). Tesco is focusing on strengthening its balance sheet and delivering free cash flow. It expects a dividend cover level of about two times earnings in FY20. This document was generated for
Deep DiveThe Greater Bay Area, or “China’s Silicon Valley”: What is It, How Will It Develop and How Can Businesses Benefit? Coresight Research April 11, 2019 Executive SummaryThe Greater Bay Area could be China’s answer to Silicon Valley. On February 18, 2019, the Central Committee of the Communist Party of China and the State Council of the People’s Republic of China released a development plan for the Greater Bay Area: Hong Kong, Macau, Guangzhou and the surrounding area (commonly referred to the Pearl River Delta). Beijing has set ambitions of developing the region into a global innovation and finance hub and improving infrastructure connectivity between the cities. The Greater Bay Area (GBA) includes nine Pearl River Delta cities and two special administrative regions, namely Hong Kong and Macau. The government hopes the GBA plan will fuel innovation in technology, to build a smart city cluster and support transport development to encourage trade. The GBA plan provides opportunities for various businesses across different sections to grow and flourish. Especially, we see opportunity for retailers in GBA cities. Drawing upon the success in other bay areas, such as Tokyo Bay Area and San Francisco Bay Area, the GBA shall see human capital and venture capital as important factors to nurture innovation and development. 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 PresentationNew Retail and New Supply Chain (Retail Analytics Council) Coresight Research April 10, 2019 Executive SummaryThis presentation was given at the Retail Robotics & AI Conference held by the Northwestern Retail Analytics Council and provides insights from the East to the West in new retail and the new supply chain. It discusses the new retail experience and things we can learn from China. Topics include: The new retail experience is underpinned by the new retail supply chain Data is the key for new product design and to deliver new products to consumers 3D design, AI and robotics are key technologies in the supply chain 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 DiveOnline to Offline Beauty: Brands That Are Winning by Understanding the Digital Consumer and Then Going Physical Coresight Research April 10, 2019 Executive SummaryIn this report, we present an analysis of the online-to-offline beauty market. There is an abundance of independent, digitally native beauty brands. Successful digitally native brands are beginning to open physical retail stores, and are differentiating their stores through immersive customer experiences and solving the modern beauty customer’s needs. Even though the beauty research and discovery process often begins online, some 80.7% of global beauty and personal care sales are made in store. Opening a physical retail store increases online traffic for emerging brands 45%, according to an International Council of Shopping Center (ICSC) survey. Specialty retailer Ulta reported significant growth from digitally native brands and said those brands are key to Ulta’s growth strategy. Glossier, a digitally native beauty brand, reached “unicorn” status in March 2019, when the company was valued at over $1 billion. The beauty brand started as a blog, and its founder used readers’ makeup preferences to launch the beauty brand. 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 ReportNew Retail Briefing #7: Ele.me Brings Fresh Produce to Customers; Fliggy Allows Tourists to Buy Before They Fly; Shiseido and Alibaba Sign Joint Business Plan Coresight Research April 9, 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: Alibaba’s food-delivery platform Ele.me will help vendors in traditional “wet markets” to sell fresh produce to online shoppers. Alibaba’s online travel platform Fliggy has launched a Fliggy Buy function that allows Chinese tourists to pre-order products before they travel. Shiseido has signed a joint business plan with Alibaba to collaborate on product development, marketing and e-commerce. 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 9: Filings Still Down with Two Weeks to Go Until April 15 Coresight Research April 9, 2019 Executive SummaryThe US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis. As of March 29, the IRS had received 92.9 million tax returns, down 1.4% year over year. A total of 71.8 million refunds had been issued as of that date (down 2.2% year over year), totaling $206.1 billion (down 2.9% year over year) and averaging $2,873 (down $20 or 0.7% 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 a recent 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
Question of the WeekQOTW: How Big Is the Women’s Plus-Size Clothing Market in China? Coresight Research April 8, 2019 QUESTION OF THE WEEK: How Big Is the Women’s Plus-Size Clothing Market in China? Coresight Research estimates that the women’s plus-size clothing market in China will be worth around US$4.8 billion in 2019 — but that it would be worth over US$10 billion this year if the plus-size segment achieved a share of China’s women’s apparel market equal to the obesity rate among the female population. This document was generated for
