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
Insight ReportRetail Opportunities in India and China: What Drives the Key Differences Between Local Consumers Coresight Research December 30, 2018 Executive SummaryIndia and China two are of the world’s largest economies, but China’s economy has strength in many areas India’s does not. We examine some of these in this report. China’s retail market dwarfs India’s significantly: In 2017, India’s retail sector was worth $672 billion, while China’s was $5.8 trillion. India’s luxury market was worth $30 billion, or 4% of India’s total retail market, while China’s was $1.4 trillion, or 23% of the total market, in 2017. India ranks lower, at 100, on the World Bank’s ease of doing business index. China ranks 78. Just 34% of India’s population is urban, compared to 60% of China’s. The reason for many of the discrepancies are due to difference in culture, political structure and planning mechanisms. 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 ReportChina’s Fast-Growing Shows Signs of Continued Slowing Coresight Research December 29, 2018 Executive SummaryKey economic data from November show the once break-neck pace of China’s economic growth has continued to slow. Retail sales grew 8.1% in November, the slowest rate of growth in 15 years, according to China’s National Bureau of Statistics. The government is also seeking to rein in debt, so has been cutting spending on infrastructure – once used as a key tool to drive economic growth. The government has responded to slowing economic growth with new initiatives to stimulate demand – especially given the uncertainty caused by the US trade dispute. 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 52: Sears May Close an Additional 50-80 Stores; Gymboree to File for Second Bankruptcy Loan in Less Than Two Years Coresight Research December 28, 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 5,437 store closures and 2,963 store openings. Sears Holdings my close 50 to 80 stores in addition to the 182 previously announced. Gymboree plans to file for Chapter 11 bankruptcy protection for the second time in less than two years, to keep stores open as it looks for a buyer. Year to date in the UK, companies have announced 1,395 store closures and 785 store openings. New Look has enlisted advisers to explore opportunities to cut its £1.3 billion ($1.6 billion) debt. 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 December 28, 2018 Coresight Research December 28, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” takes a look back at key events in retail this year and a look forward to what is on the horizon for 2019. S. retailers wrapped up one of the strongest holiday seasons in years, with shoppers crowding stores for last-minute Christmas gifts and, as of a few days before the holiday, delivery companies able to keep up with the surge in online orders. In the U.K., the Saturday before Christmas, or “Super Saturday,” saw an incremental boost in shoppers, according to data from consumer insights firm Springboard. High-street footfall rose by 1 percent year over year, but overall footfall fell by 0.7 percent. In 2019, China’s retail sales are expected to grow by 9 percent and contribute 65 percent to GDP growth, according to recent data from China’s Ministry of Commerce. This document was generated for
Insight ReportNovember 2018 UK Retail Sales: Unexpectedly Strong Numbers Coresight Research December 24, 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 UK Retail Sales Report reviews the latest sector data published by the Office for National Statistics (ONS). Highlights from our November UK Retail Sales Report: The Office for National Statistics (ONS) reported surprisingly solid retail growth for November, despite downbeat commentary by some major UK retailers. Total sales were up 4.4% year over year, driven by ongoing volume increases. Growth was driven by specialized retail sectors, such as food specialists, DIY stores and health-and-beauty retailers. The grocery sector saw growth of just 1.1% year over year, while clothing retailers’ growth was only 0.5%. The ONS reported online retail sales exceeded 20% of all retail sales for the first time, in line with our forecast for e-commerce to account for 20.6% of total November and December sales. 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 ReportChina’s New E-Commerce Law: Opening Up to More Imported Goods While Tightening Rules Coresight Research December 22, 2018 Executive SummaryChina recently unveiled the “People’s Republic of China E-Commerce Law” that will take effect January 1, 2019. The results will be mixed. E-commerce has grown its share of retail sales in China, yet regulations were still loose. So, the Chinese government moved to tighten them. E-commerce will become more regulated under the new law: Consumers will enjoy better protection and e-commerce operators will have to deal with stricter regulations. The good news is that the new law also increases the amounts Chinese consumers can buy online from overseas sources, with the single-purchase limit rising from ¥2,000 to ¥5,000 and the yearly limit from ¥20,000 to ¥26,000. 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 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. 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. This document was generated for
