Event CoverageNRF 2019 Day 3: Hearing About Mission-Driven Brands, China’s Digital Leadership and How Inclusion Can Fuel Growth Coresight Research January 16, 2019 Executive SummaryThe Coresight Research team was on hand for the third and final day of the National Retail Federation’s (NRF) Big Show in New York City as 39,000 attendees wrapped up three days at one of the retail industry’s most important events. These are some of the things we found most interesting on day 3: Brands must stand for something to remain relevant. The Chinese consumer is leading the way in digital. And the Chinese consumer wants luxury. Cannabis and gender fluid brands are reaching new consumers. Inclusion fuels growth. Merging physical interactions with digital engagement creates frictionless retail. 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 UpdateBoohoo (LON: BOO) 3Q19 Trading Update: Sales Surge Prompts Raise in Full-Year Revenue Guidance Coresight Research January 16, 2019 Executive Summary British online fashion retailer Boohoo Group reported a 43% year-over-year increase in revenues on a constant-currency basis, for the four months ended December 31, ahead of consensus expectations. Robust sales were driven by growth across all geographic regions, with particularly strong momentum in the U.S. Group gross margin expanded 170 basis points year over year to 54.2%. Boohoo raised its revenue guidance and now expects FY19 revenue growth of 43%–45%, versus 38%–43% previously. 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 ReportUS Holiday Comparable Sales Growth Results: A Mixed Picture So Far Coresight Research January 15, 2019 Executive Summary Those US retailers that have reported holiday 2018 sales so far have posted mixed comparable sales growth. Big-box retailers, Costco and Target, posted strong top-line numbers: Costco reported total same-store sales growth of 6.1% for December, ahead of the consensus estimate of 4.8%, while Target posted 5.7% same-store sales growth. Department-store retailers showed mixed performance with Kohl’s posting solid holiday comps while JCPenney reported further negative same-store sales growth. Macy’s underwhelmed and lowered its full-year guidance. Specialty retailers such as Boot Barn and Urban Outfitters performed well, posting strong same-store growth, helped by robust online sales. Click here to read Coresight’s coverage on US holiday retail and gain key retail insights for 2019 and prior years. 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 CoverageNRF 2019 Day 2: Challenging Old Paradigms Coresight Research January 15, 2019 Executive SummaryThe Coresight Research team was on hand for the second day of the National Retail Federation’s (NRF) Big Show in New York City. These are some of the things we found most interesting on day 2: Artificial intelligence (AI) is helping retailers across the entire supply chain. Bricks and mortar still matter, even in the digital age. Retail talent is critical. Target CEO Brian Cornell noted four keys to success in retail. AI can be used to insert virtual products in media, in a personalized way. 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 ReportNew Retail Briefing #1: JD.com and Alibaba Restructure Coresight Research January 15, 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 new fortnightly series, we will cover important developments in New Retail in China. JD.com will restructure its operations with JD Mall, the company’s main revenue-generating unit. Alibaba already restructured its cloud and Tmall business to form the New Retail Technology business unit. Alibaba opened its first physical store in Malaysia, working with a local private company Lumahgo and local lifestyle furniture retailer Lorenzo. Tmall Luxury Pavilion added a new maison-style store format on its redesigned app, which lets brands customize digital editorial content and storefronts all in the Tmall app. Alibaba’s logistics arm Cainiao signed a memorandum of understanding with Russian air-freight carrier Volga-Dnepr to strengthen its cross-border delivery services. 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 WeekHow Big Is the Global Legal Cannabis Market? Coresight Research January 14, 2019 QUESTION OF THE WEEK: How Big Is the Global Legal Cannabis Market? Answer: The market is expected to reach $24.4 billion in 2019 and $63.5 billion by 2024, a compound annual growth rate of 21%, according to Ameri Research. This document was generated for
Event PresentationThe AI Revolution is Here – Presentation at NRF 2019 Coresight Research January 14, 2019 Executive SummaryArtificial Intelligence (AI) is akin to giving the computer a human-like brain and AI-powered devices can learn, make decisions and solve problems. AI underlies all aspects of the Retail Ecosystem. Click here to view our reports on AI in retail. This presentation was delivered at NRF 2019 and includes: Definitions and applications of AI AI across geographies and sectors The CORE Framework for AI in Retail The future of 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
Event CoverageNRF 2019 Day 1: The Big Apple’s Big Show Does Not Disappoint Coresight Research January 14, 2019 Executive SummaryThe National Retail Federation’s (NRF) Big Show kicked off in New York City on Sunday, Jan. 13. The Coresight Research team was on hand to keep up with the latest retailing trends. First, this was one of the busiest opening days we’ve seen in years: Many breakout sessions were fully booked! These are some of the other things we found most interesting on day 1: Trust and authenticity are the new currency for retail. Sustainability continues to gain traction. Retailers are reimagining stores. Digital-first brands are looking to create more physical experiences. Learnings from going from digital to brick and mortar. 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
Flash ReportAlibaba Strengthens Its Presence in Digitalization Consulting with A100 Partnership Program Coresight Research January 14, 2019 Executive SummaryAlibaba has grown from simple online marketplace to a digital commerce powerhouse, with operations in sales, marketing, product delivery, supply chain, logistics and data analytics — pretty much the whole nine yards. At an event in Hangzhou, the company announced the launch of a new collaborative program called A100. Companies that participate in the program will get a one-stop shopping experience for a wide range of e-commerce solutions, basically tapping into the entire Alibaba ecosystem. This includes digital entertainment services and local services, sales, logistics, supply chain optimization, payments, marketing and a wide range of supporting services all powered by cloud-based technologies. Another advantage for A100 participants is being able to leverage the vast pool of data Alibaba has collected over the years. 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
Deep DiveUnderstanding WeChat, China’s Super App: Part 2 — How WeChat Mini Programs Spell Opportunity for Brands and Retailers Coresight Research January 12, 2019 Executive SummaryWeChat dominates the social media scene in China — so much so that even large companies are leveraging its reach over using their own apps, and even buying add space in WeChat games. To tap into this opportunity, WeChat has been developing “mini programs” that operate within WeChat but function as a separate company app would, allowing users to order, pay for, pick up or have goods delivered. What’s the opportunity? Most WeChat mini program users are 18–39 years old. Users are evenly spread across different city tiers. Gaming, retail and tools are the most popular WeChat mini programs. WeChat mini programs can be a valuable tool for companies and brands to reach customers. WeChat’s social aspect makes it dramatically different to stores’ native apps. 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 CoverageCES 2019 Wrap-Up: Five Cool Things You Need to Know Coresight Research January 11, 2019 Executive SummaryThe Coresight Research team attended CES 2019 (formerly known as the Consumer Electronics Show) in Las Vegas this week. Many of the new technologies announced at CES tend to focus on applications, and this year was no exception: We saw many applications based on AI, 5G wireless, robots and new displays. Below are our key takeaways from the show: AI-based voice control is expanding beyond dedicated appliances to encompass the smartphone, home and automobile. 5G wireless will reinvigorate commerce and change our lives — but not until 2020. Several exciting new TV technologies and form factors were announced, but content lags. Future transport will be diverse and require human-machine cooperation. CES is no longer just a technology show: It embraces retail, consumer products and even food preparation. 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 UpdateTesco (LSE: TSCO) 3Q19 and Christmas Update: Strongest U.K. Christmas Growth for a Decade Coresight Research January 11, 2019 Executive Summary In the core six-week Christmas period, Tesco U.K. saw strong comp growth of 2.2%, ahead of the consensus estimate of 1.4%. Tesco reported U.K. comparable sales growth of 0.7% in 3Q19, slightly below consensus expectations of 1.0%, and below the 2.5% growth in the prior quarter. In 3Q19, central Europe comps were down 3.0%, while comps for Asia declined 8.0%. 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 UpdateSeven & i (TSE: 3382) 9M19 Results: Struggling at Home, Silver Lining in Overseas Convenience Stores Coresight Research January 11, 2019 Executive Summary Seven & i reported a 15.8% increase in net sales and a 2.9% increase in operating income for the nine months ended November 30, 2018. The overseas convenience store business saw an impressive performance, with operating income increasing by 15.7% year over year. Superstore Ito-Yokado saw a reduced operating loss of ¥200 million. Food supermarket York-Benimaru and department store Sogo & Seibu suffered in operating income with the latter’s operating loss widening to ¥937 million. 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 UpdateMarks & Spencer (LSE: MKS) 3Q19 Update: A Weak Quarter for Food and Clothing Alike Coresight Research January 11, 2019 Executive Summary Marks & Spencer (M&S) reported another weak quarter, with comparable sales down 2.4% in Clothing and Home and down 2.1% in Food. Management attributed the declines in Clothing and Home partly to lower footfall. Planned reductions in inventory levels resulted in a 25% reduction in the volume of stock going into the December sale. Management attributed the decline in Food to price investment and a transition to from promotions to lower prices. Nevertheless, comp growth in Food was still ahead of analyst expectations. 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 UpdateB&M (LSE: BME) 3Q19 Trading Update: UK Growth Is Hit by a Tough November Coresight Research January 11, 2019 Executive Summary B&M European Value Retail reported a 1.6% decline in U.K. comparable sales, below the consensus of 0.2% decline by Street Account. Total U.K. revenue growth came in at 4.5%, supported by new store openings. B&M posted group revenue growth of 12.1% at constant currency. 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
