Insight ReportDouble 12 at a Glance: Promotions on E-Commerce Platforms, Participation from Southeast Asia Coresight Research December 13, 2018 Executive SummaryE-commerce platforms in China and Southeast Asia celebrated the Double 12 event with attractive promotions to lure customers. E-commerce tracking media Ebrun reported Taobao had over 100 million consumers and each purchased more than 15 items. Millennials were the heaviest shoppers. Alibaba’s travel service platform, Fliggy, offered attractive travel packages to customers during Double 12. Double 12 was also promoted outside China: Southeast Asian e-commerce platforms, such as Lazada, Shopee and Zalora, also joined in. 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 ReportPayment App Becomes Korea’s First Fintech Unicorn Coresight Research December 13, 2018 Executive SummaryOn December 10, Toss became the fifth Korean unicorn startup, after its parent company, Viva Republica, announced that it raised an additional $80 million in funding, bringing total funding to $200 million and valuing the company at $1.2 billion. The new funding round was led by Silicon Valley-based venture capital firms Kleiner Perkins and Ribbit Capital. Previous funding came from PayPal, Sequoia and the Singapore Sovereign Wealth Fund Government Investment Corporation. Toss grew from a Venmo-like company that provided peer-to-peer payment services, to now include 25 different business lines, such as credit score management, customized insurance plans and loans. Toss is adding capabilities to its existing product line and as exploring overseas markets. China is Asia’s largest fintech market and Toss is building connections with local tech giants there such as Tencent. Toss is also eyeing Southeast Asia, specifically the six most populous countries in the region. 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 ReportWater, Sustainability and Virgil Abloh; A New Hire at Evian Coresight Research December 13, 2018 Executive Summary Virgil Abloh, Founder of fashion brand Off-White and Creative Director of Louis Vuitton’s men’s line is joining mineral water company Evian (owned by Danone), as Creative Adviser for Sustainable Innovation Design. Announced on Evian’s Instagram account, Abloh is joining the Evian team for ongoing collaboration. Together they will break new ground in sustainable design innovation, as Evian continues its ambitions and progress towards its packaging being “100% circular” by 2025. The US bottled water industry is worth approximately $16 billion at wholesale, surpassing carbonated soft drinks as the largest beverage category in 2016. Nearly 80% of plastic water bottles simply become landfill. 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 UpdateInditex (BME: ITX) 9M18 Results: Tight Control of Expenses, Limited Promotional Activity Boost Profits Coresight Research December 13, 2018 Executive Summary Inditex reported 9M18 revenue growth of 2.6% year over year, to €18.4 billion. At constant currency, sales grew by 7%. Operating margin growth was flat in the period, while gross margin and SG&A margin each increased by 60 basis points. Inditex maintained its previous guidance; the company expects gross margin expansion of about 50 basis points and same-store sales growth of 4%–6%. 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 ReportSingles’ Day 2018: Proprietary Coresight Research Data Reveal the Scale of Growth by Category – Part 2 Coresight Research December 12, 2018 Executive SummaryIn our second report analysing Singles’ Day unit sales and discount levels on Tmall and Tmall Global we dig into Tmall’s sales volumes and promotions on Singles’ Day, using a detailed, proprietary dataset collating information on the top 500 products across 14 different categories on the platform. Snacks and men’s wear were best-selling among the categories we tracked on Tmall, followed by women’s wear, men’s shoes and men’s skincare. We estimate sales of women’s skincare, domestic appliances, men’s skincare, laptops and snacks on Tmall on Singles’ Day may have been 20–30 times higher than typical daily volumes. Sales promotions differed across categories. Discounts for men’s shoes, men’s wear, women’s shoes and women’s wear were steepest, at 53%, 50%, 50% and 48% Most categories offered at least 31% off. Our findings highlighted differences in top-selling categories and categories providing the highest discounts between Tmall, a domestic e-commerce platform, and Tmall Global, a cross-border e-commerce platform. Click here to read more Coresight coverage of Singles Day over the last few 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
Company Earnings UpdateAmerican Eagle Outfitters (AEO) 3Q18 Results: Reaches Milestone $1 Billion in Sales, but Misses Expectations and Lowers Guidance Coresight Research December 12, 2018 Executive Summary American Eagle Outfitters reported 3Q18 revenues of $1.004 billion, up 4.5% year over year and just shy of the $1.02 billion consensus estimate. EPS was $0.48, in line with the consensus estimate and up significantly from $0.36 in the year-ago quarter. Comparable sales were up for the 15th consecutive quarter, at 8.0%, but missed the consensus estimate of 8.8%. American Eagle comps rose by 5%, compared with the consensus estimate of 6%, and Aerie comps rose by 32%, beating the consensus estimate of 28.5%. The company lowered its 4Q18 EPS guidance to $0.40–$0.42 from $0.45–$0.47 previously, based on expected comp growth in the mid-single digits and total revenue growth in the low single digits, versus consensus of $0.47. The company also lowered its fourth-quarter comp and revenue projections, and now expects mid-single-digit comp growth and low-single-digit total revenue 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
Insight ReportGoing Head-to-Head in Beauty Retailing: A Comparison of Sephora and Ulta Coresight Research December 11, 2018 Executive Summary Both Sephora and Ulta shoppers cite selection and quality as the most important reasons they shop at the respective retailers, according to Prosper’s survey. Service is more important among Sephora shoppers surveyed, while prices and promotions, as well as location, are more important among Ulta shoppers. Sephora shoppers spend, on average, $33.17 per month on skincare and cosmetics across all retailers, while Ulta shoppers spend an average of $28.78 per month across all retailers, according to the survey. Shopper loyalty programs are important to roughly equal percentages of Sephora and Ulta shoppers, but Sephora has seen a much more substantial rise in this metric in the past two years. Sephora’s Beauty Insider loyalty program has fewer members than Ulta’s Ultamate Rewards program, but it is growing faster. Beauty Insider membership is forecast to grow by 47% between 2016 and the end of the company’s 2018 fiscal year, from 17 million to 25 million. Ultamate Rewards membership has grown by 28% since 2016, from 23.4 million to 30 million. 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 Report“Customer Experience Is the New Battleground” and Other Top Takeaways from the Asian E-Tailing Summit 2018 Coresight Research December 11, 2018 Executive Summary Hong Kong provides a highly favorable environment for e-tailers. E-commerce has pivoted from a website focus to a mobile focus and e-tailers are now striving to offer a better customer experience. E-tailers are increasingly employing artificial intelligence (AI) to leverage the benefits it provides. Mobile wallets that offer payment security are key to delivering a superior customer experience. 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 Do Americans Spend Their Time? Coresight Research December 10, 2018 QUESTION OF THE WEEK: How Do Americans Spend Their Time? US: Average Hours per Day Spent Performing Various Activities (2017) This document was generated for
Insight ReportCharting Changes in US Daily Life Coresight Research December 10, 2018 Executive SummaryAmericans’ lifestyles havechanged significantly over the past five yearsas various forms of online media have played an increasing role in people’s lives. While time spent viewing live TV has fallen in the US,time spent viewing online streaming servicessuch asNetflix and Huluhas risen.Meanwhile, rapid developmentsin mobile technology have affected Americans’shopping preferences and boostedonline shopping rates. According to the Center for the Digital Future at USC Annenberg, the average amount of time Americans spent online per week grew from 20.5 hours in 2013 to 23.6 hours in 2016. Americans spent an average of 9.7 hours per day using media in the first quarter of 2015, but 11.1 hours per day in the first quarter of 2018, according to Nielsen. Shopping online is becoming more popular in the US. According to Prosper Insights & Analytics’ US consumer surveys, 39.2% of adults “frequently” made purchases online in 2017, compared with 27.3% in 2013. A growing number of Americans are embracing healthy lifestyles and increasing numbers of them are making the decision to quit smoking, join a gym and eat organic foods. In 2017, approximately 17.6% of Americans kept animals and pets, compared with 15.5% in 2013. From 2013 to 2017, the average amount of time Americans spent on animals per day increased from 39 minutes to 43.8 minutes. 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 ReportWalmart Spruces Up Its Portfolio with the Acquisition of Art.com Coresight Research December 10, 2018 Executive Summary On Thursday, December 6, Walmart published a blog post announcing it had acquired the assets of Art.com (including its catalog, intellectual property, trade name, and US operations) for an undisclosed figure. com, founded in 1998 and based in the San Francisco Bay area, operates an e-commerce site that sells fine art, prints and decorations. Walmart says Art.com is the largest online retailer in the art and wall décor category, with two million curated images and a growing exclusive assortment. Walmart commented that the acquisition adds art to its specialty home experience (which it termed as inspirational, rather than transactional), which was launched as a separate website in February 2018. 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 UpdateFive Below (FIVE) 3Q18 Results: Beats Consensus Estimates and Raises Guidance Coresight Research December 7, 2018 Executive Summary Five Below reported 3Q18 EPS of $0.24 (including a $0.02 accounting benefit), up 35.3% year over year and beating the $0.19 consensus estimate. Revenues were $312.8 million, up 23.7% year over year and beating the $304.1 million consensus. Comps were 4.8%, beating consensus of 3.7%. The company raised 2018 guidance across the board: for EPS (to $2.60–$2.64 from $2.51–$2.57 previously), comps (to 3.3%–3.7% from 2.5%–3.0% previously) and revenues (to $1.550–$1.557 billion from $1.528–$1.540 billion 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
Company Earnings UpdateThe Kroger Co (KR) 3Q18 Results: Mixed Results, Maintains Guidance for Second Half Coresight Research December 7, 2018 Executive Summary Kroger reported 3Q18 adjusted EPS of $0.48, beating the $0.43 consensus estimate and up 8.6% year over year. Revenues were $27.67 billion, slightly ahead of the $27.65 billion consensus estimate and down 0.3% year over year. Comps were 1.6% ex fuel, below the 1.7% consensus estimate. The company maintained 2018 adjusted EPS guidance of $2.00–$2.15 and updated GAAP EPS guidance to $3.80–$3.95 from $3.88–$4.03 previously. Kroger expects second-half sales growth ex fuel to be similar to the 1.7% figure in the first half. 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 7, 2018 Coresight Research December 7, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses the trend of retailers opening small-format stores and offering some existing store space to other parties. Millennials’ peculiar spending habits are the subject of constant scrutiny, and a new US Federal Reserve study confirms what many young people have likely known all along: if they’re spending less than previous generations, it’s because they have less money to spend. Retail sales in the UK grew by 0.5% year over year in November, according to the British Retail Consortium-KPMG Retail Sales Monitor. Comparable sales fell by 0.5% as aggressive promotional activity proved futile to luring shoppers. E-commerce behemoth Alibaba and Spanish department store chain El Corte Inglés have signed a partnership agreement to explore new business opportunities within a digital retail and omnichannel common framework. 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 Update(ETR: ADS) 1Q18 Results: Strong Profit Growth Beats Expectations Despite Currency Headwinds at the Top Line Coresight Research December 7, 2018 Executive Summary• At constant currency, Adidas grew 1Q18 revenues by 10%. Currency effects meant this translated to just a 1.9% increase in reported revenues. • The company increased its gross margin and operating margin due to the effects of better pricing and product mix. • Management reiterated its guidance for FY18: the company expects to grow sales by approximately 10% excluding currency effects and to increase operating profit by 9%–13%. 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
