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. 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. 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. 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. This document was generated for
Event CoverageCES 2019: Five Innovative Technology Startups From Day 1 Coresight Research January 7, 2019 Executive SummaryThe Coresight Research team is attending CES 2019 (formerly, the Consumer Electronics Show) in Las Vegas this week. Here are some of the notable startups and startup trends we saw on day one: Snips offers voice assistant technology as a white-labelled solution for enterprise device manufactures. Dreamlight provides a “smart” sleep mask, a complex sleep-aid system that uses lighting and sound to help people sleep better. Lululab showed offLumini, an artificial intelligence skincare assistant that analyzes facial skin to make personalized skincare product recommendations. This document was generated for
Event CoverageCES 2019 Day 1: Five Cool Things You Need to Know Coresight Research January 7, 2019 Executive SummaryCoresight Research is attending CES 2019 (formerly, the Consumer Electronics Show) in Las Vegas this week. These are our hottest takeaways from the first day: Machines will increasingly talk to you — and to each other. Artificial intelligence (AI) and machine learning are exploding in terms of the number of applications. However, many have yet to prove their value. Keyboards and screenswill disappear: Voice will take over. Changes in digital health will transform our relationships with doctors. Everyone is talking about unstaffed stores and automatic vending machines. This document was generated for
Insight ReportThe Future of Apparel Sourcing: Technology Set to Enable More Transparent, Local and Faster Supply Chains Coresight Research January 6, 2019 Executive SummaryTechnology is already disrupting the way apparel sourcing operates. We’ll look at how these innovations will change the apparel sourcing of the future. Key findings include: Technology is changing apparel sourcing. In the future, sourcing will combine offshoring and onshoring to deliver speed to market and gain competitive advantage. Production closer to the end market is becoming more cost effective thanks to automation. Offshore sourcing will become more transparent, efficient and sustainable. Technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) will enable companies to identify problems immediately and intervene promptly, making apparel sourcing overall more efficient and cost effective. Automation will mean fewer people are needed, making production lines faster and more cost effective. Tech firms such as Grabit and Softwear Automation are collaborating with companies including Esquel Group and Li & Fung to automate apparel production. Apparel manufacturers and brands such as Tianyun Garments, Adidas and Levi’s are experimenting with highly automated onshore production facilities to better respond to end market consumer demand. 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 ReportAI in Retail: Putting New Tools in the Hands of Retailers Coresight Research January 5, 2019 Executive SummaryArtificial intelligence (AI) is putting new tools into the hands of retailers, helping them eliminate friction in the shopping process, deepen their engagement with customers, uncover business insights and automate processes. AI enables machines to use massive amounts of data to uncover trends and insights, making new markets accessible and businesses more efficient. However, data is the key, as more data beats better algorithms in terms of AI efficacy. According to market intelligence firm IDC, global spending on AI will reach $19.1 billion in 2018, a 54% year-over-year increase, and is projected to grow to $52.2 billion in 2021. The retail industry is expected to account for $3.4 billion in AI spending in 2018. In retail, AI applications fall into three main categories: computer vision, language processing and data analytics. Click here to view more reports on 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
Analyst CornerWeinswig’s Weekly January 4, 2019 Coresight Research January 4, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” previews the upcoming CES 2019 trade show (formerly the Consumer Electronics Show), which will be held in Las Vegas next week. Months after Toy “R” Us Inc. sought to liquidate its holdings in the U.S., merchants have taken up space left behind by the retailer. The buildings are said to have modest rents and longer leases than is standard. British entertainment retailer HMV Retail Ltd. has called in administrators following weak Christmas sales. The beset retailer operates 130 locations and employs around 2,200 staff. E-commerce firm JD.com Inc. plans to restructure its largest revenue-generating unit, JD Mall, into three business departments, according to documents seen by The Wall Street Journal. This document was generated for
Insight ReportThe Rise of Luckin Coffee: Are We Seeing the Start of China’s Starbucks? Coresight Research January 3, 2019 Executive Summary Coffee shop sales in China hit some ¥30 billion (US$4.4 billion) in 2017, and are expected to reach ¥1 trillion (US$145.9 billion) by 2025,according to consultancy firm Qianzhan. Luckin Coffee has moved in quickly to tap into the growing popularity of coffee in what is traditionally a tea-drinking society: The company has grown to over 2,000 stores since opening its first store in January 2018. The coffee chain is leveraging “New Retail” strategies and digitalization to fuel its expansion in China and to challenge market leader Starbucks. The company’s rapid expansion is presenting challenges, though: The coffee chain incurred losses of ¥857 million (US$124 million) between January and September, 2018, according to a Sina Technology report. 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 Monthly Consumer Update: US, UK and China Coresight Research January 2, 2019 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 November Consumer Update: In the US, food price inflation remains low, year-over-year. In the UK, earnings growth continued to outpace consumer price growth. In China, retail sales grew 8.1% year over year in November, slowing from October’s 8.6% growth and September’s 9.2% growth. 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 UpdateNext (LSE:NXT) Holiday 2018 Trading Update: Very Weak In-Store Sales; Online Sales Continue to Grow Strongly Coresight Research January 1, 2019 Executive Summary British fashion retailer Next reported an increase of 1.5% in total full-price sales for the holiday period from October 28 to December 29, beating the consensus estimate of 0.4%. Strong online sales growth was partly offset by falling in-store sales. For FY19, the company maintained its guidance for full-price sales growth of 3.2% but lowered its profit guidance. This document was generated for
Question of the WeekWhat triggers Chinese consumers to start an online search? Coresight Research December 31, 2018 QUESTION OF THE WEEK: What triggers Chinese consumers to start an online search? The most common reason (30.4% of respondents) is information on instant messaging apps such as WeChat. This document was generated for
