Executive Summary

Alibaba’s 11.11 Global Shopping Festival, also known as Double 11 or Singles’ Day, takes place on November 11 every year and it has become the world’s biggest 24-hour online sale.This report series covers the various shopping festivals and developments in New Retail that are taking place in the lead up to this event.

• Alibaba officially launched this year’s Double 11 Global Shopping Festival on October 19. All the businesses in Alibaba’s ecosystem will participate in the event.
• Southeast Asian e-commerce platform Lazada will join the event for the first time to offer the largest discounts of the year to its customers in six countries.
• “New Retail” is again one of the keywords for this year’s Double 11, since its first participation in the event in 2017. Alibaba’s Hema supermarkets will turn themselves into 11.11-themed stores to offer fun shopping experiences to customers.

Executive Summary

The 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 Tochize.
• In this report, our sixth 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.

Executive Summary

Hermès launched its Chinese e-commerce website on October 17, according to Chinese luxury news site Jing Daily.

• The new site features a wide assortment of ready-to-wear men’s and women’s apparel as well as accessories and handbags.
• The launch follows the company’s September announcement that it planned to open its 25th store in China, in Xi’an, Shaanxi Province, as it pursues Chinese luxury shoppers in their own country.
• Chinese shoppers account for a significant proportion of growth in the global luxury goods sector.

Executive Summary

The 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 Tochize.
• In this report, our eighth in a series of daily Countdown to Groceryshop 2018 reports, we profile IntraPosition, which helps shoppers navigate stores by leveraging ultra-wide band wireless technology for highly accurate location tracking. The company’s infrastructure also helps retailers fulfill online orders more efficiently in stores and provides granular analytics data.

Executive Summary

The 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 Tochize.
• In this report, our seventh in a series of daily Countdown to Groceryshop 2018 reports, we profile Observa, which uses machine learning and its mobile app to direct either client company employees or Observa’s own crowdsourced panel to gather real-time data on what’s happening in retailers’ stores and, more specifically, on their shelves.

Executive Summary

• VF Corporation’s fiscal 2Q19 sales rose 15.2% driven by a 26% gain at Vans and 12% growth in China. Revenues were $3.91 billion compared with the consensus estimate of $3.87 billion; fiscal 2Q19 EPS of $1.43 from continuing operations came in 7.5% above the $1.33 consensus estimate.
• Direct-to-Consumer (DTC) organic sales rose 13%, with digital sales up 31% and a mid-teen comps growth; including acquisitions, DTC and digital revenues increased by 19% and 48%, respectively.
• Fiscal 2019 (year ending March 30) guidance lifted: revenues by 11% (at the high end of previous guidance); and EPS by 16%, to $3.65 from $3.52–$3.57.

Executive Summary

In this report, we analyze the impact of US tariffs on apparel and textiles, footwear, and furniture imports from China.

• The recently announced US tariffs on Chinese imports appear to have direct implications for the fabrics and yarn categories, and furniture is likely to see more severe effects than other consumer goods categories. Apparel and footwear are largely excluded from the current tariffs, but they could be impacted if the US government extends tariffs to additional categories.
• China is the US’s largest trading partner in the apparel and textiles category. In 2016, the US imported Chinese apparel and textiles worth $45.2 billion, four times more than it imported from Vietnam that year.
• China was the largest footwear exporter to the US in 2017, accounting for 56% of US footwear imports, or $14 billion worth of shoes.
• China is also the largest furniture exporter to the US. In 2016, the US imported $24.2 billion worth of furniture, and China accounted for $13.7 billion of that, or 57% of total imports.
• If further tariffs are applied to apparel, companies such as Chico’s FAS and G-III Apparel Group are likely to be impacted, as they source heavily from China. Companies such as The Children’s Place, which uses the “China plus Vietnam plus many” sourcing strategy, are better positioned to absorb any costs that may result from future tariffs.

Executive Summary

The 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 Tochize.
• In this report, our fifth in a series of daily Countdown to Groceryshop 2018 reports, we profile Packyge, which has developed a white-label software solution that helps companies assemble e-commerce orders in-store for consumer pickup or delivery and for ship-to-store and return in-store operations.

Executive Summary

The 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 Tochize.
• In this report, our fourth in a series of daily Countdown to Groceryshop 2018 reports, we profile IceCream Labs, which has developed a machine learning–based merchandising solution that can distill text- and image-based product data from multiple sources into richer product content for retailers, brands and marketplace sellers.

Executive Summary

The 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 Tochize.
• In this report, our third in a series of daily Countdown to Groceryshop 2018 reports, we profile Adrich, which creates smart labels that can generate a stream of product usage data even after a shopper has taken an item home.

Executive Summary

On October 17, Coresight Research cohosted a showcase event with Li & Fung called “3D Sampling and Design Reduces Costs and Enables Product Development.” Held in Li & Fung’s showroom in New York City, the event focused on the benefits that 3D sampling and design technologies can bring to retailers and brands.

• Sean Coxall, President of Supply Chain Solutions at Li & Fung, described Li & Fung’s view of the future of the supply chain, particularly for apparel and accessories.
• Coxall discussed some of the challenges the retail industry faces, including economic and political issues, the need for greater speed and the need to alter mind-sets within the industry, and talked about how Li & Fung’s platform solutions address many of these challenges.
• In terms of solutions, Coxall mainly focused on two Li & Fung platforms: the materials platform and the digital design platform.