Insight ReportWISHI: Bringing Expert Style Advice into Everyday Life Coresight Research December 18, 2018 Executive SummaryOnline and mobile personal stylist platform WISHI is tapping into an emerging trend of digitalization of fashion. Personalized services are taking center stage in the world of retail, and technology is making them more accessible to people at all price points. Companies are finding creative ways to tap into this demand by leveraging this new technology (especially via smartphones). Now, human-to-human interaction can be scaled in ways never before possible. We look at how WISHI is bringing personalized stylist advice—once the realm of the rich and famous—to the masses. 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 UpdateASOS (LSE: ASC) 1Q19 Trading Update: Challenging November Prompts Sales and Profit Warning Coresight Research December 18, 2018 Executive Summary ASOS reported 1Q19 group revenue growth of 14.0% to £656.0 million in the three months ended November 30, 2018. The company warned of a “significant deterioration” in trading in November. Retail gross margin contracted 160 basis points during the quarter. The company revised down the guidance for FY19 that it provided in its FY18 results update, from revenue growth of 20%–25% to 15%, and retail gross margin from no change to down 150 basis points. This document was generated for
Insight ReportUS Retail REITs Review: Change in Strategy for Changing Times Coresight Research December 17, 2018 Executive SummaryThis report provides an overview of the evolution of real estate investment trusts (REITs) in the US and the current REIT landscape,with a focus on retail REITs. Retail REITs have perform facilitated by well managed strategies, despite a difficult retail environment in 2017. Occupancy rate growth for retail REITs was second only to industrial REITs while funds from operations et operating income and same-store also showed steady growth. Changing tenant mix at mall REITs highlight a period of evolution. A toward services and experiential retail has prompted diversification away from department stores and apparel retailers. Food and beverage services as traffic drivers. 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 WeekWhy Do US Consumers Shop at Aldi? Coresight Research December 17, 2018 QUESTION OF THE WEEK: Why Do US Consumers Shop at Aldi? Top 10 Reasons US Consumers Shop for Groceries Most Often at Aldi This document was generated for
Flash ReportUS Holiday 2018: Solid Thanksgiving Weekend Sales Underpin a Strong Holiday Homestretch Coresight Research December 15, 2018 Executive Summary US retailers saw very strong growth in online sales during the Thanksgiving-to-Cyber Monday shopping weekend. Economic fundamentals remain strong, including GDP growth, wage growth and improved consumer sentiment over 2017, underpinning a solid holiday shopping season. And, this year we have one of the longest possible shopping periods between Thanksgiving and Christmas: 32 days, as well as two full weekends before Christmas. Click here to read Coresight’s coverage on US holiday retail and gain key retail insights for 2019 and prior years. This document was generated for
Flash ReportUnder Armour Analyst Day: Company Introduces 2023 Strategic Plan Coresight Research December 14, 2018 Executive SummaryFollowing two years of transformation, Under Armour has built its new five-year plan around two strategic priorities: protect and perform. Elevating the Under Armour brand will entail innovation, consumer centricity and selective wholesale distribution while returning to the brand’s core: athletic performance and the “Focused Performer” customer. International, China, footwear, women’s and direct-to-consumer targeted as growth opportunities. Management tightened 2018 guidance and provided an initial 2019 outlook. This document was generated for
Analyst CornerWEINSWIG’S WEEKLY DECEMBER 14, 2018 Coresight Research December 14, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses how Americans are spending more time viewing content on their smartphones, but also smoking less, signing up for gym memberships and spending more time with pets. Amazon is looking to expand its checkout-free store format to airports in order to serve travelers in a hurry, according to public records and a person familiar with the strategy. British retail footfall fell by 3.2% in November, according to figures from Springboard and the British Retail Consortium. Shopping centers and retail parks saw footfall drop by 3.8% and 1.4%, respectively, in November, while high-street footfall slid by 3.8%. A consortium spearheaded by Chinese branded sportswear company Anta Sports has made an offer to buy Finnish sporting goods company Amer Sports in a deal worth approximately €4.6 billion ($5.23 billion). This document was generated for
Store TrackerWeekly Store Openings and Closures Tracker 2018, Week 50: H&M Home to Open Second Store in London Coresight Research December 14, 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 they will close 5,436 stores, while store openings stand at 2,963. Year to date in the UK, companies have announced they will close 1,395 stores, and that they will open 784 stores. H&M Home will open its second store in London next year. Amazon is reportedly planning to open its first Amazon Go cashierless store in the UK. 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 Presentation2018 Holiday Homestretch (Planalytics) Coresight Research December 13, 2018 Executive SummaryAGENDA Favorable Macro Backdrop Continues Estimate 3%–4% Holiday Sales Growth Early Results Bode Well for Holiday Spending Sales Up, Store Traffic Down Thanksgiving-BF Traffic Declines Moderating Cyber Weekend: Mobile, Mobile, Mobile Fewer Shoppers Out than Last Year 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 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. 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%. 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. This document was generated for
