Company Earnings UpdateVipshop (NYSE: VIPS) 4Q18 Results: Active Customers Increase Thanks to WeChat Mini Programs, but Revenue Growth Slows Coresight Research February 25, 2019 Executive Summary Vipshop reported 4Q18 revenue of ¥26.1 billion, up 8.1% year over year while full year 2018 revenue was ¥84.5 billion, up 15.9% year over year. 4Q18 revenue missed the consensus estimate of ¥26.7 billion. The number of active customers increased 13% year over year to 32.4 million, partly driven by WeChat mini programs. The company estimated total revenue at ¥19.9–20.9 billion for the first quarter of 2019. 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 CoverageCountdown to Shoptalk 2019: Startup Pitch Competition Participants Profile, Part 4 — VisuWall and RetailDeep Coresight Research February 25, 2019 Executive SummaryThe Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas, bringing together more than 8,000 attendees and more than 300 speakers to discuss rapid evolution of how consumers discover, shop and buy — from new technologies and business models to the latest trends in consumer behaviors, preferences and expectations. On March 3, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 15 innovative, early-stage technology companies. Judges will select two winners for a $25,000 prize. Participating startups all have: $3 million or less in funding Four years or less since founding Scalable and innovative solutions for physical retail, omnichannel and e-commerce Business-to-business (B2B) solutions Below, we look at VisuWall and Retail Deep. 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 CoverageCountdown to Shoptalk 2019: Startup Pitch Competition Participants Profile, Part 3 — Tangiblee and Rapitag Coresight Research February 22, 2019 Executive SummaryThe Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas. The event brings together more than 8,000 attendees and more than 300 speakers to discuss the rapid evolution of how consumers discover, shop and buy. On March 3, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 15 early-stage technology companies. Judges will select two winners for a $25,000 prize. Participating startups all have: $3 million or less in funding. Four years or less since founding. Scalable and innovative solutions for physical retail, omnichannel and e-commerce. Business-to-business (B2B) solutions. Below, we look at two of the companies that will compete: Tangiblee and 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
Event CoverageCountdown to Shoptalk 2019: Startup Pitch Competition Participants Profile, Part 2 — Chatter and Shipsi Coresight Research February 22, 2019 Executive SummaryThe Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas. The event brings together more than 8,000 attendees and more than 300 speakers to discuss the rapid evolution of how consumers discover, shop and buy. On March 3, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 15 early-stage technology companies. Judges will select two winners for a $25,000 prize. Participating startups all have: $3 million or less in funding. Four years or less since founding. Scalable and innovative solutions for physical retail, omnichannel and e-commerce. Business-to-business (B2B) solutions. Below, we look at two of the companies that will compete: Chatter and Shipsi. 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
Market Navigators/Market OutlookThe US Adaptive Clothing and Footwear Market Represents a $47.3 Billion Largely Untapped Opportunity Coresight Research February 22, 2019 Executive SummaryAdaptive apparel encompasses clothing and footwear designed to meet the needs of people with disabilities or health conditions. More brands and retailers are launching adaptive collections but the adaptive clothing and footwear market remains underserved. Coresight Research estimates the potential global adaptive apparel market will reach $288.7 billion in 2019 and grow to $349.9 billion in 2023. We estimate that the potential U.S. adaptive apparel market will reach $47.3 billion in 2019 and grow to $54.8 billion by 2023. Chronic disease is the leading cause of death and disability in the U.S., according to the U.S. Centers for Disease Control and Prevention (CDC), and about half of American adults have one or more chronic health conditions. People receiving treatment for diseases such as cancer and diabetes often have specific clothing needs that have not been met in the past. Retailers and brands are emerging to solve specific adaptive clothing needs. Nike, Tommy Hilfiger, Target, and Zappos were early adaptive innovators, creating collections beginning in 2016 and 2017. In 2018, department store retailer Marks & Spencer entered adaptive fashion with an Easy Dressing line for children and Nike has introduced a new self-lacing basketball shoe that users operate through a smart phone. Industry events, such as “Design for Disability Galas,” panel event discussions featuring adaptive design, and educational teaching platforms including Parsons Open Style Lab and Begraniz Couture are helping to build industry awareness around the apparel needs of individuals with disabilities. There is an opportunity for retailers to understand adaptive consumers at a macro level and generational level — how and where these consumers want to shop, the technology that they prefer, what their motivations are, and how they wants to be marketed and advertised to. 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 UpdateLoblaw (TSX: L) 4Q18 Results: Revenues Miss Expectations as Food Demand Proves “Moderate” and Pharmacy Sales Remain Soft Coresight Research February 22, 2019 Executive Summary Loblaw reported food retail same-store sales growth of 0.8% in 4Q18, versus 0.9% growth in the prior quarter. It reported drug retail same-store sales growth of 1.9% versus 2.5% growth the prior quarter. Total revenues of C$11.2 billion came in below the consensus estimate of C$11.27 billion recorded by StreetAccount. In FY19, the company expects to report positive same-store sales and a stable gross margin in its retail segment. 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
Store TrackerWeekly Store Openings and Closures Tracker 2019, Week 8: Payless Files for Bankruptcy, Set to Close 2,100 Stores Coresight Research February 22, 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: Year to date in 2019, U.S. retailers have announced 4,287 store closures and 1,586 store openings. Payless has filed for bankruptcy and will close 2,100 stores. Hobby Lobby plans to open 65 stores. Wayfair has opened its first brick-and-mortar store. Year to date in 2019, U.K. retailers have announced 285 store closures and 317 store openings. Morphe will open a flagship store in Liverpool. Claire’s has shut its Exeter store. 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 FEBRUARY 22, 2019 Coresight Research February 22, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses what U.S. Census Bureau data and company reports tell us about the holiday retail season. Walmart’s holiday sales blew past expectations: Sales at U.S. stores open at least a year grew 4.2% and U.S. digital sales grew 43% over the holiday stretch compared with last year. Germany’s Metro has given its Makro Belgium cash-and-carry business a capital injection of €40 million ($45 million) along with a warning that the business may face closure if it does not improve in 2019. QL Resources, which operates the FamilyMart chain of Japanese convenience stores in Malaysia, is proceeding with plans to launch 300 new stores by March 2022, despite a slowdown in Malaysia’s economy. 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 ReportJanuary 2019 US Monthly Retail Traffic and In-Store Metrics Report: Post-Holiday Fatigue and Inclement Weather Drive Underwhelming January Traffic Coresight Research February 22, 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 US Monthly Retail Traffic and In-Store Metrics Report reviews year-over-year changes in selected store-based metrics, including sales, traffic and conversion rates. Highlights from our January Retail Traffic report: Traffic declined 10.7% year over year in January. While the conversion rate grew 0.4 percentage points, average transaction value (ATV) grew 5.5%, and the product return rate declined by 2.4 percentage points. January performance varied over the course of the four weeks, with in-store net sales declining between 6.3% and 8.1% and traffic declining between 6.9% and 16.5%, with the second week of the month being the worst performing for both metrics. ATV and shopper yield registered growth in each week of the month. The Midwest experienced the largest year-over-year decline in traffic at 17.5%, while the South registered the smallest decline at 5.8%. The Midwest experienced the largest year-over-year in-store sales decline, down 16.8%, while the West registered the lowest dip in sales, down 1.4%. 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 UpdateGildan (NYSE: GIL) 4Q18 Results: Activewear Drives Strong Revenue Growth Coresight Research February 22, 2019 Executive Summary Gildan 4Q18 sales rose 13.6% driven by a 22.3% increase in activewear sales reflecting higher fleece shipments along with higher net selling prices. Adjusted operating margin expanded 230 bps due to a 300 bps decline in the SG&A expense ratio. The company’s 2019 outlook includes a 10% increase in adjusted EPS and mid-single-digit sales growth. 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 CoverageCountdown to Shoptalk 2019: Startup Pitch Competition Participants Profile, Part 1 — Ladingo and Increasingly Coresight Research February 22, 2019 Executive SummaryThe Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas. The event brings together more than 8,000 attendees and more than 300 speakers to discuss the rapid evolution of how consumers discover, shop and buy. On March 3, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 15 early-stage technology companies. Judges will select two winners for a $25,000 prize. Participating startups all have: $3 million or less in funding. Four years or less since founding. Scalable and innovative solutions for physical retail, omnichannel and e-commerce. Business-to-business solutions. Below, we look at two of the companies that will compete: Ladingo and Increasingly. 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 UpdateCVS (NYSE: CVS) 4Q18 Results: Revenues Beat Consensus; FY19 Profit Outlook Poor Due to Aetna Integration Coresight Research February 22, 2019 Executive Summary CVS reported 4Q18 revenues of $54.4 billion, beating the consensus estimate and up 12.5% year over year. Adjusted EPS came in $2.14, up 11.5% year over year and above the consensus estimate. CVS grew FY18 revenues by 5.3% to $194.0 billion and adjusted EPS by 19.9% to $7.08. For FY19, CVS expects revenues to grow 28.4-30.7% to $249.9-254.3 billion. 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
Market Navigators/Market OutlookSector Overview: Convenience Stores — As Consumers Seek Ever More Convenience, Digitalization Prevails Coresight Research February 21, 2019 Executive SummaryEach of our Sector Overview reports provides an essential briefing on a sector or market. This report focuses on the convenience store sector. Convenience stores are adapting to consumers who live in an increasingly digitalized world and demand high-quality offerings and more convenience. Incumbent convenience store players are responding to these demands with food and beverages prepared on-site, loyalty programs and more digitalized businesses. The sector as a whole is seeing modest growth, while top players continue to capture sizable market shares. We expect to see further consolidation through M&A. Globally, there is a great deal of economic and political uncertainty. Trade tensions, Brexit and currency risks will continue to weigh on consumer sentiment and spending. 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 ReportA Look into Starbucks’ Mini App on Taobao and Alipay: All Services in One Lite App As the Companies Deepen Their Cooperation Coresight Research February 21, 2019 Executive Summary In December 2018, Starbucks launched a mini program within Alibaba’s ecosystem. The app provides a one-stop experience that links Starbucks’ service with Alibaba’s apps including Taobao, Tmall and Alipay. Starbucks’ mini program can be accessed through different means and allows users to place orders for delivery and access membership functions. The Starbucks mini program could enable Starbucks to potentially better understand customers, increase the number of loyalty members and increase its digital reach. Alibaba can demonstrate its capability of empowering traditional retailers and deepen its relationship with Starbucks through this initiative. 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 ReportSainsbury’s-Asda Merger In Doubt: Is It Time for Sainsbury’s to Refocus? Coresight Research February 21, 2019 Executive SummaryThe U.K.’s Competition and Markets Authority (CMA) published its provisional findings on the planned merger of leading grocery retailers Sainsbury’s and Asda. The CMA stated: “We have provisionally found that, should the two merge, shoppers could face higher prices, reduced quality and choice, and a poorer overall shopping experience across the U.K.” Sainsbury’s refuted the CMA’s claims, while its shares fell 15.5% on the back of doubt the merger will proceed. Even if the merger is allowed to proceed, the CMA will likely demand a substantial number of store divestitures — which could present challenges in a market in which demand for large stores is declining. Sainsbury’s may need to consider reviewing the merger and look for alternatives to strengthening its business: The company has been losing market share and store standards have fallen. A challenging merger process could further distract management from confronting existing challenges. 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
