Analyst CornerWEINSWIG’S WEEKLY DECEMBER 21, 2018 Coresight Research December 21, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses what US retail sales data and other recent metrics tell us as we enter the holiday homestretch. To ship gifts for guaranteed delivery by Christmas Eve, Monday was the deadline for FedEx’s ground and home delivery, while Tuesday was the deadline for UPS 3 Day Select. The deadline for free shipping on Amazon orders was also Tuesday. French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton announced that it has acquired luxury travel company Belmond for an equity valuation of $2.6 billion in a transaction that puts the latter’s enterprise value at $3.2 billion. E-commerce firm JD.com and technology giant Intel have opened a lab in China to explore the use of the Internet of Things (IoT) in retail. The Digitized Retail Joint Lab will build new-age vending machines, media and advertising tools, and technologies for futuristic stores. 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 2018, Week 51: Laura Ashley Set to Close 40 UK Stores Coresight Research December 21, 2018 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 2018, US retailers have announced 5,436 store openings. Saks Fifth Avenue announced that it will close its womenswear store in downtown Manhattan. Year to date in the UK, companies have announced 1,395 store closures and 785 store openings. Laura Ashley will shut 40 stores in teh UK. Levi’s plans to open its first UK womenswear 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
Insight ReportBeauty Insights, Part 4: Cannabis and Beauty—The High Science of Health and Wellness Coresight Research December 20, 2018 Executive Summary A variety of companies are increasingly using the cannabis plant in beauty brand formulations, as well as in health and wellness products. In September 2018, Sephora launched its “High Beauty” brand, with two products, High Expectations, a cannabis face oil and High Five, a cannabis facial moisturizer. The companies claim these ingredients ease a variety of ailments, such as inflammation, acne, rosacea, dry skin and eczema. Athletes use CBD oil and hemp balm to reduce inflammation. Cannabis startup investment funding more than doubled, from $278 million in 2016 to $598 million in 2017. The number of cannabis deals increased 60%, from 119 deals in 2016 to 191 deals in 2017, according to CB Insights. Beauty products span multiple categories and now cross into health and wellness as consumers turn to beauty products that offer perceived health and wellness benefits. The global market for legal cannabis products is expected to grow at a 21.1% CAGR, according to Ameri Research, from an estimated $20.1 billion in 2018 to $63.5 billion in 2024. Customers pay premium prices for cannabis beauty, health and wellness products. With cannabis already legal in 10 US states, and several more states as well as entire countries (such as Canada) planning to legalize, there are opportunities for health, wellness and beauty brands to expand product formulations to include THC, which may further expand the retail market. 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 ReportTen Days of Holiday Innovators: 2018 Wrap Up Coresight Research December 19, 2018 Executive SummaryCoresight Research recently featured profiles of 10 innovative companies that spanned beauty, health and wellness; apparel, footwear and accessories; and, home in our Ten Days of Holiday Innovators series. Here we summarize some of the key themes we saw. All ten holiday innovators are home-grown, producing their products in the US.Five are in California, four in New York, and one in Georgia. One clear theme we saw was a focus on natural, clean, and organic ingredients, including “free from” claims that resonate with customers—and even vegan formulations. Handmade craftsmanship and sustainability were other themes. We also saw functionality combined with performance materials in athletic wear and athletic bags. 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 ReportNovember 2018 US Retail Sales and Traffic: Retail Sales Growth Slows and Traffic Declines Significantly Coresight Research December 19, 2018 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 Sales and Traffic Report reviews year-over-year changes in selected store-based metrics, including sales, traffic and conversion rates. Highlights from our November Retail Traffic report: Total US retail sales including automobiles and gasoline increased 4.0% on a year-over-year basis in November, according to the US Census Bureau. This was slower growth compared to October’s 4.5% year-over-year growth. Retail sales increased 0.3% month over month in November, on a seasonally adjusted basis. Growth in store-based sales and traffic remained negative in November. While the conversion rate grew 0.4% following two months of decline,average transaction value grew 3.2%,the largest increase since December 2016. Retail traffic declined 8.3% year over year during November. Nonstore retailers registered year-over-year sales growth of 10.8%. Black Friday (November 23) registered the best performance in the month for sales, traffic, average transaction value and number of transactions. Cyber Monday (November 26) recorded the best performance for conversion rates and shopper yield.That said, the Black Friday weekend showed a 7.6% decline in sales and a 7.1% decline in traffic, according to RetailNext. 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 UpdateH&M (STO: HM-B) 4Q18 Sales Update: Constant-Currency Sales Rise 6.0% Coresight Research December 18, 2018 Executive Summary In 4Q18, H&M grew sales including value-added tax (VAT) by 11.9% in its reporting currency, the Swedish krona. The company reported constant-currency sales growth of 6.0%, below the consensus estimate of 7.0%. The company announced it will report only sales excluding VAT in future interim reports and sales development press releases, starting with its full-year report to be published January 31, 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
Insight ReportWISHI: Bringing Expert Style Advice into Everyday Life Coresight Research December 18, 2018 Executive SummaryOnline and mobile personal stylist platform WISHI is tapping into an emerging trend of digitalization of fashion. Personalized services are taking center stage in the world of retail, and technology is making them more accessible to people at all price points. Companies are finding creative ways to tap into this demand by leveraging this new technology (especially via smartphones). Now, human-to-human interaction can be scaled in ways never before possible. We look at how WISHI is bringing personalized stylist advice—once the realm of the rich and famous—to the masses. 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) 1Q19 Trading Update: Challenging November Prompts Sales and Profit Warning Coresight Research December 18, 2018 Executive Summary ASOS reported 1Q19 group revenue growth of 14.0% to £656.0 million in the three months ended November 30, 2018. The company warned of a “significant deterioration” in trading in November. Retail gross margin contracted 160 basis points during the quarter. The company revised down the guidance for FY19 that it provided in its FY18 results update, from revenue growth of 20%–25% to 15%, and retail gross margin from no change to down 150 basis points. 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 Retail REITs Review: Change in Strategy for Changing Times Coresight Research December 17, 2018 Executive SummaryThis report provides an overview of the evolution of real estate investment trusts (REITs) in the US and the current REIT landscape,with a focus on retail REITs. Retail REITs have perform facilitated by well managed strategies, despite a difficult retail environment in 2017. Occupancy rate growth for retail REITs was second only to industrial REITs while funds from operations et operating income and same-store also showed steady growth. Changing tenant mix at mall REITs highlight a period of evolution. A toward services and experiential retail has prompted diversification away from department stores and apparel retailers. Food and beverage services as traffic drivers. 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 WeekWhy Do US Consumers Shop at Aldi? Coresight Research December 17, 2018 QUESTION OF THE WEEK: Why Do US Consumers Shop at Aldi? Top 10 Reasons US Consumers Shop for Groceries Most Often at Aldi This document was generated for
Flash ReportUS Holiday 2018: Solid Thanksgiving Weekend Sales Underpin a Strong Holiday Homestretch Coresight Research December 15, 2018 Executive Summary US retailers saw very strong growth in online sales during the Thanksgiving-to-Cyber Monday shopping weekend. Economic fundamentals remain strong, including GDP growth, wage growth and improved consumer sentiment over 2017, underpinning a solid holiday shopping season. And, this year we have one of the longest possible shopping periods between Thanksgiving and Christmas: 32 days, as well as two full weekends before Christmas. Click here to read Coresight’s coverage on US holiday retail and gain key retail insights for 2019 and prior 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
Flash ReportUnder Armour Analyst Day: Company Introduces 2023 Strategic Plan Coresight Research December 14, 2018 Executive SummaryFollowing two years of transformation, Under Armour has built its new five-year plan around two strategic priorities: protect and perform. Elevating the Under Armour brand will entail innovation, consumer centricity and selective wholesale distribution while returning to the brand’s core: athletic performance and the “Focused Performer” customer. International, China, footwear, women’s and direct-to-consumer targeted as growth opportunities. Management tightened 2018 guidance and provided an initial 2019 outlook. 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
Analyst CornerWEINSWIG’S WEEKLY DECEMBER 14, 2018 Coresight Research December 14, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses how Americans are spending more time viewing content on their smartphones, but also smoking less, signing up for gym memberships and spending more time with pets. Amazon is looking to expand its checkout-free store format to airports in order to serve travelers in a hurry, according to public records and a person familiar with the strategy. British retail footfall fell by 3.2% in November, according to figures from Springboard and the British Retail Consortium. Shopping centers and retail parks saw footfall drop by 3.8% and 1.4%, respectively, in November, while high-street footfall slid by 3.8%. A consortium spearheaded by Chinese branded sportswear company Anta Sports has made an offer to buy Finnish sporting goods company Amer Sports in a deal worth approximately €4.6 billion ($5.23 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
Store TrackerWeekly Store Openings and Closures Tracker 2018, Week 50: H&M Home to Open Second Store in London Coresight Research December 14, 2018 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 2018, US retailers have announced they will close 5,436 stores, while store openings stand at 2,963. Year to date in the UK, companies have announced they will close 1,395 stores, and that they will open 784 stores. H&M Home will open its second store in London next year. Amazon is reportedly planning to open its first Amazon Go cashierless store in the UK. 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 Presentation2018 Holiday Homestretch (Planalytics) Coresight Research December 13, 2018 Executive SummaryAGENDA Favorable Macro Backdrop Continues Estimate 3%–4% Holiday Sales Growth Early Results Bode Well for Holiday Spending Sales Up, Store Traffic Down Thanksgiving-BF Traffic Declines Moderating Cyber Weekend: Mobile, Mobile, Mobile Fewer Shoppers Out than Last Year 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
