Store TrackerWeekly Store Openings and Closures Tracker 2018, Week 49: Dollar General Announces Significant Expansion Plan for 2019 Coresight Research December 7, 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 (YTD) 2018, retailers have announced they will close 5,463 stores, while store openings stands at 3,060. Dollar General will open 975 stores in 2019. Shopko will close 39 stores. Abercrombie & Fitch will close 40 stores instead of the 60 previously announced. Christopher & Banks plans to shut 30-40 stores. Ikea will open a store in Manhattan. YTD in the UK, companies have announced they will close 1,401 stores, and that they will open 784 stores. Clas Ohlson will close all six of its UK stores. H&M will close its Cheap Monday banner. Crabtree & Evelyn has opened a new store in London. House of Fraser’s Manchester flagship will stay open 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 ReportUS Holiday 2018: Gifting (and Self-Gifting) Outlook Coresight Research December 6, 2018 Executive SummaryWe review the categories, products and brands that are likely to be in demand this holiday season. Consumer research shows that gift cards will be the most desired gift this season: Gift givers can offer recipients a variety of experiences and services as well as product purchases. Gift cards for experiences will be particularly popular this season. Among the most popular gifts adults would like to receive are comfortable clothing, accessories and tech gadgets. Popular gifts children would like to receive include dolls, plush toys and figurines. 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
Company Earnings UpdateHudson’s Bay Company (HBC) 3Q18 Results: Revenues Up; Completed Real Estate Deal and European Transaction Coresight Research December 6, 2018 Executive Summary HBC reported fiscal 3Q18 revenues of C$2.2 billion, up 5.6% from the year-ago quarter of C$2.1 billion. Total comparable sales increased 2.9%. Adjusting for the impact of the shift of Hudson’s Bay’s “Bay Days”promotional event into the third quarter from the fourth quarter, comparable sales increased by 1.2%. The company did not offer 2Q18 or full year guidance, nor did the company offer guidance on its 3Q call. 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 ReportVoice Shopping: The Next Driving Force for E-Commerce? Coresight Research December 5, 2018 Executive SummaryRecent advances in artificial intelligence (AI) have increased the accuracy of speech recognition programs to an almost-human level. Smart devices can now comprehend and follow even complicated instructions such as “tell a joke.” With AI-powered personal assistants, also called intelligent personal assistants (IPAs), consumers can purchase items by just speaking to their devices, without having to log in and check out each time they shop. For instance, Alexa can utilize Amazon’s marketplace and the massive Amazon Prime membership base to complete the transaction on smart devices. In the US, the voice-shopping market is predicted to grow at a compound annual growth rate (CAGR) of 211%, from $2 billion in 2018 to $40 billion by 2022, according to OC&C Strategy Consultants. The global market for smart speakers is predicted to grow at a CAGR of 31%, from $4.5 billion in 2017 to $30 billion in 2024, according to Global Market Insights. More than 50% of voice shopping is done through smartphones, based on a survey conducted by Voicebot and Voysis in 2018. As IPAs become more accessible, all smart phone users could be potential voice shoppers. The absence of visuals alters the traditional browsing process to the disadvantage of both shopper and retailer, and the tech firms that control the voice channel therefore disrupt the traditional shopper-retailer relationship. 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 CoverageTop Takeaways from the Bengaluru Tech Summit 2018, Day 2 Coresight Research December 4, 2018 Executive SummaryOn November 30, the Coresight Research team attended the second day of the Bengaluru Tech Summit,taking place November 29–December 1 in Bengaluru, India. Here are our key takeaways from the second day of the event: There is tremendous scope for the use of blockchain technology across industries in India, but several challenges need to be overcome first. India is a nascent entrant into the visual effects and animation industry, but Indian companies in the sector have potential to compete with well-established firms across the globe. Building digitally inclusive communities in India is complex. Greater collaboration among public and private companies and greater integration of municipal agency data are good starts to building these communities. 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 ReportMore Retailers are Investing in Physical Stores Coresight Research December 4, 2018 Executive SummaryThis report discusses six prominent retailers’ investments in physical stores and the reasons why investments in stores are on the rise. Tiffany and Co. will renovate its flagship store on Fifth Avenue, New York City. The three-year project will start in February 2019 and is scheduled for completion in late 2021. Walmart will revamp 500 of its stores and open 20 new ones as part of an $11 billion investment plan. Target is investing $1 billion-plus toward remodeling approximately 325 stores across the US. Publix Supermarkets is investing $1.5 billion to revamp existing stores, open new stores, upgrade technology and acquire shopping centers in 2018. 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 ReportAmazon’s Ambitious Plan to Disrupt Convenience Stores—and Maybe Quick Service Restaurants, Too Coresight Research December 4, 2018 Executive Summary AmazonGo stores are small, cashierless, checkout-free convenience stores that primarily offer on-the-go food options in metropolitan areas. Amazon may be able to take advantage of growing consumer preferences for fast on-the-go healthy food options, but will also have to contend with increasing rents and high startup costs for new stores. The launch of AmazonGo stores coincided with the acquisition of Whole Foods, the withdrawal of its AmazonFresh pure-play operation from some US regions and the merging of its Prime Now and AmazonFresh operations. These moves appear to support our long-standing view that it is much more difficult to make pure-play Internet retailing work in the grocery category than in nonfood categories 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: Day 10 – Olivers, a Men’s Athletic Apparel Brand Coresight Research December 3, 2018 Executive SummaryTo kick off the 2018 holiday shopping season, Coresight Research is featuring daily profiles of 10 innovative companies that span health and wellness; apparel, footwear and accessories; and beauty. Each of our Ten Days of Holiday Innovators profiles provides a company overview, insight into what makes the company innovative and the company’s recommended “must-have” gift for 2018. In this, the final report in our series, we look at Olivers Apparel. Olivers specializes in men’s performance athletic apparel. According to the company’s founder and CEO, Olivers was launched in a small California workshop with a handful of fabric swatches and a vision to create a simpler wardrobe of everyday men’s athleticnecessities. Oliverslaunched on Kickstarter in 2013 with the All Over Short. At the time, the funding campaignwas one of the 10 most successful apparel Kickstarter campaigns in history. 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 ReportHoliday 2018: US and UK Digital Retail Trends—Amazon May Lose Prime Momentum in the Crucial Fourth Quarter Coresight Research December 3, 2018 Executive SummaryIn this report, we examine five online shopping trends that we expect to be prominent in the US and the UK this holiday season. In previous holiday periods, Amazon’s revenue growth has been supported by growth in the Prime program. This year, Amazon may lose that support, as growth in Prime membership rates has faltered over the past few months, according to survey data. Many consumers use multiple shopping channels before making their final purchase decisions, and we expect this trend to strengthen during the holiday season. E-commerce will account for more than the oft-cited “just 10%” of retail sales in the US. We estimate that the online channel will capture more than 20% of all US nonfood retail sales for the first time this holiday and more than 30% of all UK nonfood sales for the first time. More consumers will use voice assistants at various stages of the purchase journey this holiday. However, voice commerce will remain challenging for both consumers and retailers, as shoppers cannot see products or browse easily when shopping via voice assistant and retailers’ opportunities to cross-sell products and build larger basket sizes (which yield more favorable economics) are highly limited with voice commerce. Social media will boost sales traffic more than it has in the past this holiday season due to a combination of two factors: consumers are researching more before buying and the number of fashion influencers with large social media followings is growing. 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
Store TrackerWeekly Store Openings and Closures Tracker 2018, Week 48: Gap Plans Store Closures in the “Hundreds” Coresight Research November 30, 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 (YTD) 2018, the number of US store closure announcements stands at 5,468 and the number of store openings is 3, Gap is likely to close “hundreds” of stores. Gymboree is considering closing half its stores. Sears is looking for buyers for over 500 stores. YTD in the UK, there have been 1,394 store closure announcements and 783 store opening announcements. 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
Analyst CornerWEINSWIG’S WEEKLY NOVEMBER 30, 2018 Coresight Research November 30, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses what we have learned from visiting and analyzing Amazon’s physical stores. The Thanksgiving Day and Black Friday kickoff of the US holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones and sales and traffic at brick-and-mortar stores declined. Some forecasters are predicting that UK shoppers likely spent more than £7 billion ($9 billion) across Black Friday and Cyber Monday. Swedish furniture and home products company IKEA announced that it will open the world’s largest store, at the SM Mall of Asia in the Philippines, in 2020. IKEA will invest $134 million in the 700,000-square-foot store, which will offer 9,000 products and also have a warehouse, an e-commerce facility and a call center. 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 ReportTop Takeaways from the Bengaluru Tech Summit 2018, Day 1 Coresight Research November 30, 2018 Executive SummaryOn November 29, the Coresight Research team attended the first day of the Bengaluru Tech Summit, taking place November 29–December 1 in Bengaluru, India. Here are our key takeaways from the first day of the event: There is a significant shortage of cybersecurity and artificial intelligence (AI) experts. Improving AI applications for India is a challenge, as algorithms need vast masses of data. Data need to be better integrated and not housed in siloes. Data need to be of better quality in order to produce effective 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
Insight ReportOctober 2018 Monthly Consumer Update: US, UK and China Coresight Research November 30, 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 Monthly Consumer Update rounds up key metrics that reflect consumer demand in the US, the UK and China. We focus on direct, leading indicators of the health of the consumer economy: wage growth, price changes and retail sales growth. Highlights from our October Consumer Update: Year-over-year growth in US retail sales strengthened, but a jump in gas-price inflation threatens to squeeze consumers’ wallets. UK retail sales growth slowed as consumers pulled back on big-ticket categories in the month preceding Black Friday. Chinese retail sales growth softened slightly. 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: Day 8— Vbeauté Pure Luxury Skincare Coresight Research November 29, 2018 Executive SummaryTo kick off the 2018 holiday shopping season, Coresight Research is featuring daily profiles of 10 innovative companies that span health and wellness; apparel, footwear and accessories; and beauty. Each of our Ten Days of Holiday Innovators profiles provides a company overview, insight into what makes the company innovative and the company’s recommended “must-have” gift for 2018. In this, the eighth report in our series, we look at Vbeauté Pure Skincare. The Vbeauté Pure Luxury Skincare is a clean, toxin-free beauty brand, without parabens, colorants, mineral oils and petrolatum, fragrances and harsh chemicals. Vbeauté products are formulated using BIOS-certified organic ingredients. Vbeauté Pure Luxury Skincare was created in 2012 by Julie Macklowe, a former New York City hedge fund manager. After undergoing a thyroidectomy at age 38, Macklowe created the line without parabens, dyes and fragrance because she felt there was a market opportunity to be health-conscious while maintaining skincare benefits. Vbeauté Pure Luxury Skincare formulations use botanical resources from Switzerland including Swiss aronia berries, stone pine from the Alps and Swiss glacier water. 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 ReportKroger: A Timeline of Key Events – November 2018 Coresight Research November 29, 2018 Executive SummaryThis is the third report in our Retailers’ Timelines series. In this report, we examine a timeline of key events in Kroger’s recent history that have shaped it into the retailer it is today. In 2018, Kroger has accelerated its digital and e-commerce efforts to better compete with online giants Amazon and Walmart. Additionally, Kroger has made several strategic alliances and acquisitions, such as its May 2018 partnership with Ocado to build automated warehouses. In October 2018, Kroger partnered with Walgreens to test online order pickup at 13 Walgreens stores. Kroger partnered with Alibaba in August 2018 to sell Simple Truth products on Alibaba’s Tmall Global e-commerce platform. In December 2015, Kroger acquired Roundy’s Supermarkets for $800 million, adding the Pick ’n Save, Metro Market and Mariano’s banners to its family of stores. In August 2014, Kroger bought online health retailer Vitacost for $280 million. To view more research related to Kroger, click here. This timeline has been updated. Click here to view the updated timeline. 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
