Insight ReportGroceryshop 2018: Day 1 Takeaways—Startup Pitch Competition Coresight Research October 29, 2018 Executive SummaryThe Coresight Research team is in Las Vegas this week to participate in Groceryshop 2018, being held October 28–31. The event will cover the transformation of consumer packaged goods (CPG), grocery and related industries, and is being attended by some 2,200 industry professionals and features over 150 speakers. Deborah Weinswig, Coresight Research CEO and Founder, kicked off the event by emceeing the Groceryshop Startup Pitch Competition. The competition featured 12 innovative, early-stage technology companies that have developed e-commerce and in-store solutions for grocery, food and CPG companies. Of the two winners, one was chosen by a three-judge panel and the other by the audience. Weinswig categorized the 12 participating companies into four buckets of retail disruption, which were: Sourcing, Merchandising and Cataloging; Grocery E-Commerce Enablers; Improved Shopping Experiences; and,Tracking Measurement and Insights. The judges’ panel declared Simplista the winner, for its cloud-based platform which simplifies the product listing process for retailers and suppliers. And the winner chosen by the audience was Tastry, for its a machine-learning-based platform that recommends personalized beer, wine and spirits selections and pairings to shoppers Weinswig concluded the competition with her presentation on retail trends and insight, in which she presented her thoughts on what the retail industry can learn from China with emphasis on New Retail trends in China. 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 ReportConsumer Shopping Insights for Holiday 2018: Solid Demand Set to Take Per-Shopper Spend Above $1,000 Coresight Research October 29, 2018 Executive SummaryConsumers in the US are set to spend an average of $1,007 this holiday shopping season, or 4.1% more than they planned to spend last year, according to the National Retail Federation’s (NRF’s) annual holiday spending survey, conducted by Prosper Insights & Analytics. We parsed the data and discovered a few gems that can help retailers and brands as they plan for this holiday: Department stores came in a close second to e-commerce sites as millennials’ intended holiday shopping destinations. The #1 gift millennials want to receive is clothing and accessories. Millennials are more likely than any other age group to plan to take advantage of sales and discounts during the holiday shopping season and to buy non-gift purchases. 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
Insight ReportChinese Discretionary Spending Slowing as Singles’ Day Nears Coresight Research October 29, 2018 Executive SummaryAs China prepares for the 10th annual Singles’ Day shopping festival, we take note of the following recent developments in the Chinese economy: Comps have been weakening at large food and beverage merchants. Consumers are registering lower intention to spend on big purchases. Consumer confidence has been declining. China’s GDP growth slowed slightly quarter over quarter in the third quarter, while retail sales in September grew strongly year over year. 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 ReportCarter’s (CRI) 3Q18 Result: Company Misses Expectations and Lowers Guidance Due to Toys“R”Us and Bon-Ton Closures Coresight Research October 29, 2018 Executive Summary Carter’s reported fiscal 3Q18 revenues of $923.9 million, down 2.5% year over year and lower than the $944.4 million consensus estimate. Adjusted earnings per share (EPS) was $1.61, lower than the consensus estimate of $1.73 and lower than the EPS of $1.70 in the year-ago quarter. Total comparable sales were up 0.5%; the company had planned comps to grow by over 3% but saw a decline in traffic during its Labor Day sale. For the full year, the company lowered its revenue guidance to1.5% growth from prior guidance of 3.0% growth, compared to the consensus estimate of 2.3% growth. Carter’s lowered its EPS growth forecast for the full year to 5%, $6.05, from 12%, $6.45, which was also the consensus estimate. 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 ReportJCPenney Chief Financial Officer (CFO) Resigns; Senior Vice President (SVP) Finance Will Assume the Position in Interim Coresight Research October 28, 2018 Executive Summary• JCPenney announced that CFO and EVP Jeffrey Davis has resigned effective October 1, 2018 to pursue another opportunity. • Jerry Murray, SVP-Finance at JCPenney, will assume the position of interim CFO, reporting directly to the Office of the CEO. • Davis is the third C-suite executive to leave JCPenney this year. Marvin Ellison, CEO, had left in May 2018 and Joe McFarland, CCO, had left in August, 2018, both going to Lowe’s home department 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
Store TrackerWeekly Store Openings and Closures Tracker 2018, Week 43: Debenhams Plans to Close up to 50 Stores Coresight Research October 26, 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 4,972 and the number of store openings is 2, Caleres has acquired the comfort shoe company Vionic Group for $360 million. YTD in the UK, there have been 1,314 store closure announcements and 777 store opening announcements. Debenhams confirmed media speculations this week that it is considering closing up to 50 stores. 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 UpdateTractor Supply Company (TSCO) 3Q18 Results: Beats Expectations and Raises Guidance Across the Board Coresight Research October 26, 2018 Executive Summary Tractor Supply reported 3Q18 earnings per share (EPS) of $0.95, up 31.4% from a year ago and beating the consensus estimate of $0.87. Revenues were $1.88 billion, up 9.3% year over year and beating the $1.83 billion consensus estimate. Comps increased 5.1%, beating the 1.9% consensus estimate. The company raised 2018 guidance across the board, for: revenues of $7.84–$7.87 billion versus $7.77–$7.80 billion previously; comps of 4.0%–4.5% versus 3.0%–3.5% previously; and EPS of $4.23–$4.27 versus $4.10–$4.20 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
Insight ReportDebenhams (LSE: DEB) FY18 Results: Substantial Exceptional Charge Drives £492 Million Pretax Loss; Confirms Plans to Shut 50 Stores Coresight Research October 26, 2018 Executive Summary For FY18, Debenhams reported a 2.7% decline in comparable sales at constant exchange rates, with a weak performance in its core UK market driving this decline. The company booked a £525 million charge for asset and goodwill impairment and onerous lease provisions, resulting in statutory pretax losses of £492 million. Even after stripping out these exceptional items, underlying EPS decreased by 65.6% year over year. Debenhams confirmed media speculation that it plans to shut 50 stores in the next three to five 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
Insight ReportCountdown to Groceryshop 2018: Startup Pitch Competition Participant Profile, Part 12—Tastry Coresight Research October 26, 2018 Executive SummaryThe Coresight Research team will be attending and participating in the Groceryshop 2018 conference, which runs October 28–31 in Las Vegas. The team behind the Shoptalk retail and e-commerce conference founded this new event, which will cover the disruption of the grocery, consumer packaged goods (CPG) and related industries. The conference is expected to bring together 2,200 attendees and more than 150 speakers. Discussion topics will include the transformation of the retail industry, including convenience stores, supermarkets and e-commerce, and changes in the production and distribution of CPGs across multiple retail verticals. Additionally, the event will cover shifts in consumers’ shopping behavior and how they want to shop in the future in both brick-and-mortar and online formats. On October 28, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 12 innovative, early-stage technology companies that provide solutions to solve major problems in e-commerce, grocery retail, and/or the food or CPG sector. The participating startups are Adrich, Forager, IceCream Labs, IntraPosition, Locai Solutions, Nextuple, Observa, Packyge, Shelf.ai, Simplista, Tastry and Touchize. In this report, our last in a series of daily Countdown to Groceryshop 2018 reports, we profile Tastry, which offers grocers a simple, user-friendly, touchscreen-based guide to drinks that customers will enjoy, creating a virtual, in-store sommelier. 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 ReportCountdown to Groceryshop 2018: Startup Pitch Competition Participant Profile, Part 11—Nextuple Coresight Research October 26, 2018 Executive SummaryThe Coresight Research team will be attending and participating in the Groceryshop 2018 conference, which runs October 28–31 in Las Vegas. The team behind the Shoptalk retail and e-commerce conference founded this new event, which will cover the disruption of the grocery, consumer packaged goods (CPG) and related industries. The conference is expected to bring together 2,200 attendees and more than 150 speakers. Discussion topics will include the transformation of the retail industry, including convenience stores, supermarkets and e-commerce, and changes in the production and distribution of CPGs across multiple retail verticals. Additionally, the event will cover shifts in consumers’ shopping behavior and how they want to shop in the future in both brick-and-mortar and online formats. On October 28, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 12 innovative, early-stage technology companies that provide solutions to solve major problems in e-commerce, grocery retail, and/or the food or CPG sector.The participating startups are Adrich, Forager, IceCream Labs, IntraPosition, Locai Solutions, Nextuple, Observa, Packyge, Shelf.ai, Simplista, Tastry and Touchize. In this report, our 11thin a series of daily Countdown to Groceryshop 2018 reports, we profile Nextuple, which integrates real-time data from stores, fulfillment systems and delivery providers to enable store operations staff to identify and mitigate potential inventory and on-time fulfillment risks. 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 UpdateAmazon (AMZN) 3Q18 Results: Beats on EPS but Misses on Revenues and 4Q18 Guidance Coresight Research October 26, 2018 Executive Summary Amazon.com reported 3Q18 earnings per share (EPS) of $5.75, beating the $3.08 consensus estimate and up sharply from $0.52 in the year-ago quarter. Revenues were $56.6 billion, up 29.3% year over year but missing the consensus estimate of $57.1 billion. Amazon Web Services (AWS) and North America were the fastest-growing segments, growing 46% and 35%, respectively. International revenues grew 13%. For 4Q18, Amazon guided for: revenues of $65.5–$72.5 billion, below the consensus estimate of $73.8 billion; and operating income of $2.1–3.6 billion, below the consensus estimate of $3.9 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
Analyst CornerWeinswig’s Weekly October 26, 2018 Coresight Research October 26, 2018 Executive SummaryOctober 26, 2018 This week’s note “From the Desk of Deborah Weinswig” discusses the dramatic rise of the Big Billion Days shopping holiday in India. Every year—from September to the first week of November—seasonal Halloween stores set up at retail strips nationwide, often taking over vacant big-box stores.This is profitable for landlords struggling to fill vacant spaces left behind by Sears, Toys“R”Us and Kmart. E-commerce behemoth Alibaba Group launched the 11.11 Global Shopping Festival on October 19, and the company expects this year’s event to be the largest ever in both scale and reach. Southeast Asian e-commerce company Lazada and last-mile logistics company Ninja Van have partnered with Singapore-based 7-Eleven stores to allow online shoppers to use any of 7-Eleven’s 350 stores on the island as collection centers. 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 ReportCountdown to Groceryshop 2018: Startup Pitch Competition Participant Profile, Part 8 – Forager Coresight Research October 25, 2018 Executive SummaryThe Coresight Research team will be attending and participating in the Groceryshop 2018 conference, which runs October 28–31in Las Vegas. The team behind the Shoptalk retail and e-commerce conference founded this new event, which will cover the disruption of the grocery, consumer packaged goods (CPG) and related industries. The conference is expected to bring together 1,000 attendees and more than 150 speakers. Discussion topics will include the transformation of the retail industry, including convenience stores, supermarkets and e-commerce, and changes in the production and distribution of CPGs across multiple retail verticals. Additionally, the event will cover shifts in consumers’ shopping behavior and how they want to shop in the future in both brick-and-mortar and online formats. On October 28, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 12 innovative, early-stage technology companies that provide solutions to solve major problems in e-commerce, grocery retail, and/or the food or CPG sector.The participating startups are Adrich, Forager, IceCreamLabs, IntraPosition, Locai Solutions, Nextuple, Observa, Packyge, Shelf.ai, Simplista, Tastry and Tochize. In this report, our eighth in a series of daily Countdown to Groceryshop 2018 reports, we profile Forager, whose digital procurement platform improves the way grocers, restaurants and institutions discover, select and order food from local independent farms and other suppliers. 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 ReportCountdown to Groceryshop 2018: Startup Pitch Competition Participant Profile, Part 9 – Touchize Coresight Research October 25, 2018 Executive SummaryThe Coresight Research team will be attending and participating in the Groceryshop 2018 conference, which runs October 28–31 in Las Vegas. The team behind the Shoptalk retail and e-commerce conference founded this new event, which will cover the disruption of the grocery, consumer packaged goods (CPG) and related industries. The conference is expected to bring together 1,000 attendees and more than 150 speakers. Discussion topics will include the transformation of the retail industry, including convenience stores, supermarkets and e-commerce, and changes in the production and distribution of CPGs across multiple retail verticals. Additionally, the event will cover shifts in consumers’ shopping behavior and how they want to shop in the future in both brick-and-mortar and online formats. On October 28, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 12 innovative, early-stage technology companies that provide solutions to solve major problems in e-commerce, grocery retail, and/or the food or CPG sector. The participating startups are Adrich, Forager, IceCream Labs, IntraPosition, Locai Solutions, Nextuple, Observa, Packyge, Shelf.ai, Simplista, Tastry and Touchize. In this report, our ninth in a series of daily Countdown to Groceryshop 2018 reports, we profile Touchize, which enables shoppers to add items to their online cart through an innovative, mobile-optimized, swipe-based user interface. The company’s clients can deploy this technology on mobile websites, digital circulars or via other promotions. 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 ReportCountdown to Groceryshop 2018: Startup Pitch Competition Participant Profile, Part 10 – Simplista Coresight Research October 25, 2018 Executive SummaryThe Coresight Research team will be attending and participating in the Groceryshop 2018 conference, which runs October 28–31in Las Vegas. The team behind the Shoptalk retail and e-commerce conference founded this new event, which will cover the disruption of the grocery, consumer packaged goods (CPG) and related industries. The conference is expected to bring together 1,000 attendees and more than 150 speakers. Discussion topics will include the transformation of the retail industry, including convenience stores, supermarkets and e-commerce, and changes in the production and distribution of CPGs across multiple retail verticals. Additionally, the event will cover shifts in consumers’ shopping behavior and how they want to shop in the future in both brick-and-mortar and online formats. On October 28, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup pitch competition featuring 12 innovative, early-stage technology companies that provide solutions to solve major problems in e-commerce, grocery retail, and/or the food or CPG sector.The participating startups are Adrich, Forager, IceCream Labs, IntraPosition, Locai Solutions, Nextuple, Observa, Packyge, Shelf.ai, Simplista, Tastry and Touchize. In this report, our tenth in a series of daily Countdown to Groceryshop 2018 reports, we profile Simplista, which offers a software platform that speeds and automates the product-listing process for retailers in order to shorten the time it takes to get a new product on store shelves once a store buyer has discovered it. 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
