Event PresentationDecoding the Consumer: The New Science of Customer Behavior (Vision Monday Global Leadership Summit) Coresight Research March 20, 2019 Executive SummaryThis presentation was given at the Vision Monday (VM) 2019 Global Leadership Summit, which brings together senior industry executives, optical retailers, leading eyecare professionals, suppliers and key opinion leaders from the worldwide optical industry. It discusses retail trends in 2019, including physical retail and retail technology, in the US and Asia. Topics include: Solid holiday sales, but store closures and bankruptcies continue Retailers need to offer spectacular experiences and boundaryless retail Retailers are embracing technology trends, such as AI, data models and IoT 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) 2Q19 Trading Update: Strong UK Demand, US Logistics Hit by Unexpected Jump in Demand, Guidance Unchanged Coresight Research March 20, 2019 Executive Summary ASOS reported 2Q19 group revenues of £658.5 million, up 11.0% year over year on a constant-currency basis (up 13% year over year as reported). US sales declined due to an unexpected surge in orders causing disruption. The company’s retail gross margin expanded 40 basis points year over year. The company maintained its previous guidance for FY19. This document was generated for
Company Earnings UpdateOcado (LSE: OCDO) 1Q19 Trading Update: Strong Underlying Growth Partially Offset by Fire Coresight Research March 20, 2019 Executive Summary Ocado reported 1Q19 retail revenue of £404 million, up 11.2% year over year. The company’s average orders per week grew 11.3% year over year, but the average order size was down 0.2% year over year. Ocado‘s Andover customer fulfilment center experienced a devastating fire in February, and the company says it will provide an update on the impact of fire on its 10-15% revenue growth target ”in due course.” This document was generated for
Insight ReportFebruary 2019 US Monthly Retail Traffic and In-Store Metrics Report: Traffic Decline Eases Coresight Research March 19, 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 February Retail Traffic report: US store traffic declined 7.3% year over year in February. The conversion rate grew 0.4 percentage points, average transaction value (ATV) grew 1.8% and the product return rate increased by 0.1 percentage points. February performance varied over the course of the four weeks, with traffic performing best in the first two weeks of the month in preparation for Valentine’s Day. The Midwest experienced the largest declines in sales and traffic at 8.5% and 9.2%, respectively. The South had the smallest declines for sales and traffic at 2.5% and 6.3%, respectively. 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 6: Filings Catching Up but Still Down Year Over Year Coresight Research March 19, 2019 Executive SummaryThe US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis. As of March 8, the IRS had received 67.7 million tax returns, down 2.5% year over year. A total of 53.5 million refunds had been issued as of that date (down 3.3% year over year), totaling $160.9 billion (down 3.2% year over year) and averaging $3,008 (up $4 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 NRF’s recent annual Tax Returns Survey. 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 WeekQuestion: What Is the Most-Listed Makeup Brand on Amazon.com? Coresight Research March 18, 2019 QUESTION OF THE WEEK: Question: What Is the Most-Listed Makeup Brand on Amazon.com? Answer: Coresight Research data show Covergirl is the most-listed makeup brand on Amazon, with 2,925 products listed on the site. This document was generated for
Company Earnings UpdateH&M (OMX: HM-B) 1Q19 Update: Sales Beat; Focus Now on Digital Coresight Research March 18, 2019 Executive Summary H&M reported 1Q19 net sales of SEK 51.02 billion, up 10.0% year over year, a slightly slower pace compared the 12% growth recorded in 4Q18, but marginally ahead of the consensus estimate of SEK 50.0 billion recorded by StreetAccount. Net sales increased by 4% year over year in local currencies versus the 4.2% consensus recorded by StreetAccount. H&M will publish its full 1Q19 report on March 29, 2019. This document was generated for
Company Earnings UpdatePrada (SEHK: 1913) 2018 Results: Positive Sales Trends Across All Regions and Categories Coresight Research March 18, 2019 Executive Summary In 2018, Prada net revenues rose 2.8% in 2018, to €3.14 billion with currency penalizing growth by 300 basis points (bps). Net retail sales rose 7% on a constant-currency basis to €2.53 billion and sales at the Prada brand rose 3.9% to €2.56 billion. The operating margin declined 150 bps to 10.3% in tandem with a 150-bps gross-margin contraction, to 72.0%. EPS of €0.080 declined 17.5% and missed the €0.11 consensus estimate. This document was generated for
Flash ReportFung Retailing Group’s Circle K Showcases First AI Checkout Experience in Hong Kong Coresight Research March 18, 2019 Executive Summary On March 13, 2019, Fung Retailing Group’s convenience-store chain, Circle K, rolled out Hong Kong’s first AI-powered checkout solution using image recognition. The checkout counter can recognize products without a barcode, RFID or packaging. This pilot project represents a first step for Fung Retailing Group and JD.com to create smarter and more convenient retail. This document was generated for
Deep DiveArtificial Intelligence in Retail, Part 3: What Startups Are Doing with AI Coresight Research March 15, 2019 Executive SummaryThis is the third report in a short series looking at the application of artificial intelligence (AI) in retail. In this report, we explore what startups are doing with AI in the context of our proprietary CORE framework, which stands for Communication, Optimization of pricing, Rationalization of inventory and Experiential retail: Capillary Technologies uses AI and machine learning to help brands gain a better understanding of consumer demands and provide a more personalized shopping experience Eversight’s Pricing Suite uses AI-driven data to predict consumer behavior and help retailers with pricing and promotions. Radius8 helps retailers merchandise products by collecting data in and around store locations, such as inventory, weather, events, shoppers’ online browsing behavior and online sales trends. AI-driven analytics startup Near has developed Allspark, a software-as-a-service offering, which helps retailers use their own data to identify brand affinity by audience, where they live, work and shop. Click here to view more reports on AI in 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 ReportFebruary 2019 US Same-Store Sales: Costco Comps Decelerate, Buckle and Cato Comparable Sales Fall Coresight Research March 15, 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 US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato. Highlights from our February US Same-Store Sales report: In February, Costco’s same-store sales growth showed a sequential slowdown. The company posted accelerated growth in e-commerce comparable sales. Adverse weather conditions, holiday shift and forex currency fluctuations negatively impacted Costco’s performance. Buckle saw a poor performance in both Men’s and Women’s segment that dragged down the comps. Cato posted a decline in comps, below the company’s own expectations. 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 UpdateDollar General (NYSE: DG) 4Q18 Results: Beats on Comps, Light 2019 Earnings Guidance, Expects to Open 975 Stores in 2019 Coresight Research March 15, 2019 Executive Summary Dollar General reported 4Q18 revenues of $6.65 billion, up 8.5% year over year and in line with the consensus estimate. EPS was $1.83, down 29.9% year over year and missing the $1.89 consensus estimate, even adding back a $0.04 charge. Comps increased 4.0%, beating the 2.6% consensus estimate. The company guided for 2019 revenue growth of 7%, 2.5% comps an EPS of $6.30-6.50 (up 5-9%), below the $6.64 consensus estimate. Dollar General plans to open 975 new stores, remodel 1,000 mature stores, and relocate 100 stores in 2019. This document was generated for
Company Earnings UpdateDufry (SIX: DUFN) FY18 Results: Solid Year Despite Second-Half Headwinds, Company Expects Strengthening of Revenue Growth Coresight Research March 15, 2019 Executive Summary Dufry reported FY18 revenues slightly ahead of expectations, with organic growth of 2.7% versus consensus of 2.4%. Organic revenue growth was solid in North America, at 6.8%. Organic growth was 15.1% in the Eastern Europe, Middle East, Asia and Australia region: Management pointed to “solid performance” in Cambodia, Macau, Korea and Indonesia. Management expects a gradual improvement in organic growth over FY19: In the first two months of 2019, organic growth was above 3%. This document was generated for
Company Earnings UpdateUlta Beauty (NASDAQ: ULTA) 4Q18 Results: 14.4% Active Member Growth During FY18 Drives 9.4% Comp Growth Coresight Research March 15, 2019 Executive Summary Ulta Beauty reported adjusted EPS of $3.61 for 4Q18, excluding the benefit from tax reform related items in fiscal 2017, beating the consensus estimate of $3.50-3.55, and revenue of $2.12 billion, beating the consensus estimate of $2.11 billion. Gross margin improved 90 basis points (bps) to 34.9% year over year, with 60 bps driven by new revenue recognition accounting and 30 bps attributed to merchandise margin improvement. The company’s fiscal 2019 outlook calls for revenue growth in the low-double-digit percentage range, 6-7% comp growth, 20-30% e-commerce growth and adjusted EPS in the range of $12.65-12.85. This document was generated for
Company Earnings UpdatePinduoduo (NASDAQ: PDD) 4Q18 Results: Strong Revenue Growth Thanks to Boost in Active Buyers and Average Annual Spending Coresight Research March 15, 2019 Executive Summary Pinduoduo recorded 4Q18 revenue of ¥5.7 billion, up 379.4% year over year while FY18 revenue was ¥13.1 billion, up 652% year over year. Operating expenses continued rising with operating margin worsening to a negative 46.7%. Active buyers on Pinduoduo’s platforms for full year 2018 were 418.5 million, increasing 71% year over year. This document was generated for
