Analyst CornerWEINSWIG’S WEEKLY JANUARY 11, 2019 Coresight Research January 11, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses four key global events to watch in the first half of 2019. The trade group behind CES (formerly the Consumer Electronics Show), which is taking place in Las Vegas this week, forecast that U.S. consumers’ love of gadgets will increase despite growing issues around trust and privacy. British marketing technology company Ve Global has acquired Divvit, a Swedish e-commerce analytics platform, and has made a financial commitment to integrate Divvit’s solutions into its products. Toys “R” Us Asia plans to open 60 new stores in 2019, in contrast to its former U.S. parent, which filed for bankruptcy and was forced to close stores. The toy retailer plans to open three stores in Hong Kong and several more in mainland China. 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 2: Lidl and Wegmans to Open Three Stores While JCPenney Plans to Close Three Stores Coresight Research January 11, 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 1,170 store closures and 1,176 store openings. Lidl will open three stores in Atlanta. Wegmans will open stores in three new markets. JCPenney will close three stores. Year to date in 2019, U.K. retailers have announced 225 store closures and 252 store openings. Hardy Amies has collapsed 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
Store TrackerWeekly Store Openings and Closures Tracker 2019, Week 1: Sears Confirms Closure of Additional 80 Stores Coresight Research January 11, 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, we recorded a total of 5,524 closures and 3,083 openings by major retailers over the course of 2018. Year to date in 2019, US retailers have announced 1,167 store closures and 1,170 store openings. Sears will close 80 stores in addition to the previously announced 40 stores. Gap will close its Fifth Avenue Store. In the UK, major retailers announced 1,432 store closures and 755 store openings in 2018. Year to date in 2019, UK retailers have announced 225 store closures and 252 store openings. Greenwoods has closed all 40 stores. The Co-op will open 100 new stores in 2019. 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
Store TrackerReviewing 2018 U.S. and U.K. Store Closures Coresight Research January 10, 2019 Executive SummaryCoresight Research tracks news about store closures, openings and bankruptcies. Our Weekly US and UK Store Openings and Closures 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. In this report, we review 2018 store closures in the U.S. and the U.K., by sector. In the U.S., major retailers closed 5,524 stores and opened 3,083 stores during 2018. By sector, apparel specialist stores led the pack with 766 closures; Payless ShoeSource contributed 408 of these closures. Toys “R” Us was the retailer that closed the most stores in the U.S. in 2018. In the U.K., major retailers closed 1,432 stores and opened 755 in 2018. General merchandise retailers closed the most stores in the U.K., with Poundworld closing more stores than any other. 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 Day 4: Five Cool Things You Need to Know Coresight Research January 10, 2019 Executive SummaryThe Coresight Research team is attending the annual Consumer Electronics Show (CES) in Las Vegas this week. Into day four we’re seeing even more cool stuff. These are the hottest takeaways from the fourth day: The microprocessor industry is at an inflection point, poised to help solve some of society’s most serious challenges. Panasonic is developing the insides and interiors for the vehicles of the future. Artificial intelligence underlies all aspects of the CORE of the retail ecosystem. Your appliances are rapidly gaining intelligence to improve your life. Nvidia went back to its gaming roots, announcing a slew of new graphics products. 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 CoverageCES 2019 Day 4 Takeaways: Innovative Technology Startups At CES Coresight Research January 10, 2019 Executive SummaryThe Coresight Research team is in Las Vegas this week for CES 2019 (formerly, the Consumer Electronics Show). This year’s event features over 4,400 exhibiting companies, including standout startups alongside established companies. Here are some of the more notable startups that we saw on day four: Udelv, a self-driving delivery startup, announced that it was partnering with Walmart to pilot an autonomous grocery delivery service. ForwardX debuted a self-driving suitcase that follows you on its own. The suitcase, called Ovis, is equipped with sensors to identify you – as opposed to someone else passing by – and to avoid obstacles along the way. Gillette partnered with Formlabs – a Boston startup that specializes in 3D printing technology – to personalize and 3D print razor handles. 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 UpdateSainsbury’s (LSE: SBRY) 3Q19 Trading Update: Lower Holiday Promotions Weigh on Top Line Coresight Research January 10, 2019 Executive Summary UK grocery retailer Sainsbury’s reported a 1.1% decline in comparable sales for 3Q19, below the consensus of 0.3%. The company grew total grocery sales by 4%, with online groceries up 6.0% and convenience store sales up 3.0%. Total general merchandise sales, which includes Argos, declined 2.3%. Clothing sales fell 2%. 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 CoverageCES 2019 Day 3 Takeaways: Five Innovative Technology Startups at CES Coresight Research January 9, 2019 Executive SummaryThe Coresight Research team is in Las Vegas this week for CES 2019 (formerly, the Consumer Electronics Show). This year’s event features over 4,400 exhibiting companies, including standout startups alongside established companies. Here are some of the more notable startups that we saw on day three: Temi is a personal robot with a 10-inch tablet for a head that can play videos and music, control your smart home devices, charge devices and will soon integrate with Amazon Alexa. While most wearable fitness trackers are designed to help people get into shape, MiGo is a new type of wearable that helps stroke survivors regain lost abilities. Pix has developed a “smart backpack” that allows you to put customized pixelated electronic images on the back of your backpack. Origami Labs has developed a smart ring wearable that answers phone calls, sends and receives text messages and responds to commands such as asking for the weather or setting a reminder — anything that a Siri or Google Assistant could do. Dream Band claims its headband can help people who have trouble sleeping using a combination of data analysis and vibrations. 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 UpdateMorrisons (LSE: MRW) Holiday Trading Update: Wholesale Drives Growth; Retail Sales Impacted by Uncertainty Coresight Research January 9, 2019 Executive Summary UK grocery retailer Morrisons reported comparable sales growth (excluding fuel) of 3.6% in the nine weeks ended January 6, below the consensus estimate and slowing sequentially. Management pointed to consumer uncertainty as a factor inhibiting growth in the period. Wholesale revenues drove growth, contributing 3.0% to total comps, while retail comps, excluding fuel, contributed just 0.6%. The company maintained the guidance given in its first-half results. 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 CoverageThe 4th New Economy Think Tank Summit: Three Things You Need to Know Coresight Research January 9, 2019 Executive SummaryOn January 6, the Coresight Research team attended the fourth New Economy Think Tank Summit in Beijing. Attendees included significant figures in retail, and these are some of the things they discussed: Artificial intelligence (AI) is not about the Internet of Things (IoT), Digital Twin, or any of the latest technologies: It’s about using machine learning to solve business problems. AI can dramatically shorten the product development cycle. Robots and humans unite: Pairing the two on the factory floor will be the next wave. 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 CoverageCES 2019 Day 3: Five Cool Things You Need to Know Coresight Research January 9, 2019 Executive SummaryThe Coresight Research team is at the annual CES event (formerly the Consumer Electronics Show) in Las Vegas this week. This is what we see as the hottest takeaways from the third day: Artificial intelligence (AI) will destroy, create and change jobs. Companies in diverse industries are refashioning themselves as tech companies. Autonomous vehicles are coming; however, human-machine interaction appears to be the best solution for the near future. Alibaba is taking B2B e-commerce to a new level with technology and services to offer global e-commerce to small businesses. 5G wireless will change our lives and create new activities in ways we have not yet imagined. 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 PresentationUnderstanding the Asian Retail Market (CES) Coresight Research January 9, 2019 Executive SummaryThis presentation was given as part of the High-Tech Retailing track at CES, including a presentation focusing on Coresight’s CORE framework for categorizing and analyzing AI in retail, eight things we can learn from China, and a panel discussion with Chen Zhang, CTO of JD.com, and Cecelia Tian, Vice General Manager of the Smart Retail Strategic Partnership Department of Tencent. Topics include: Coresight’s CORE framework for AI in retail Eight things we can learn from China Spectacular 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
Market Navigators/Market OutlookSector Overview: European Retail — Germany’s Shoppers Cut Back Coresight Research January 8, 2019 Executive SummaryEach of our Sector Overview reports provides an essential briefing on a sector or market. In European retailing: U.K. retail demand has proved solid, but the impact of Brexit remains a big unknown. German retail sales growth has been weak as consumer prices inflation has accelerated and global uncertainty has increased. In France, consumer confidence has fallen, yet retail sales have proved robust. 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: Five Innovative Technology Startups From Day 2 Coresight Research January 8, 2019 Executive SummaryThe Coresight Research team is attending CES 2019 (formerly, the Consumer Electronics Show) in Las Vegas this week. This year’s event features over 4,400 exhibiting companies, featuring standout startups alongside established companies. Here are some of the more notable startups that we saw on day two: Chronolife has a device to help people with chronic or congestive heart failure (CHF) by anticipating medical emergencies with its wearable Chronolife vest. The Parcel Guard is a smart mailbox designed to prevent “porch pirates” — people who steal packages from your front porch. P&G Ventures, Procter & Gamble’s startup division, unveiled at-home skincare device Opté Precision Skincare System (Opté). Capstone Connected Home launched the Smart Mirror, a mirror integrated with Google Assistant with touchscreen capabilities. The Bread Bot, developed by Wilkinson Baking Company, a fully automated robotic bread-making machine that bakes and sells bread like a vending machine. 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 CoverageCES 2019 Day 2: Five Cool Things You Need to Know Coresight Research January 8, 2019 Executive SummaryThe Coresight Research team is attending CES 2019 (formerly, the Consumer Electronics Show) in Las Vegas this week. On day two, we saw even more cool stuff. These are the hottest takeaways from the second day: Still waiting for 4K TV? 8K TV is already on the way! Soon, your TV will give you advice on what to watch. LG has a stunning new OLED TV that rolls up into its enclosure. Panasonic showed off groundbreaking electric bicycles and the connectivity in an electric Harley-Davidson motorcycle. Samsung launched a robot that monitors your health. 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
