Event CoverageLuxury Daily: State of Marketing 2018—The Inside View Coresight Research October 5, 2018 Executive SummaryOn September 26, the Coresight Research team attended the Luxury Marketing Forum hosted by Luxury Daily, and our key takeaways from this event are: The new luxury consumer is an empowered and informed shopper who demands personal and social relevance from the brands they interact with. Retail and in-store experience has never been as important for engaging the new luxury consumer as it is today. For luxury, digital also matters and it matters a lot. Luxury brands need to redefine marketing by empowering consumers to tell personalized brand stories. 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
Company Earnings UpdateAvon Investor/Analyst Day 2018: Company Focuses on Increasing Consumer Access to Brand Avon by Going Digital Coresight Research October 5, 2018 Executive SummaryOn September 21, 2018, Avon Products, Inc. (AVP) hosted its Analyst/Investor Day. At the event, management focused on financial initiatives and cost savings of $400 million by 2021, and investments in commercial initiatives and digital and IT infrastructure. The company outlined a three-year plan to “open up” brand access. The plan focuses on enhancing Avon’s digital capabilities and online and offline selling. Avon is reassessing its value-pricing strategies to include less of promotions and more of product bundling and beauty regimens. Avon plans to grow its market in India and China.With over one billion Chinese consumers and 500 million Indian consumers that are aware of the brand, these markets hold enormous potential for the company. 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
Event PresentationThe Unknown Shopper (InReality) Coresight Research October 4, 2018 Executive SummaryAGENDA About Coresight Research Macro Trends Current State of the In-Store Experience What’s Changing Making the Shift China Leading Retail Transformations: 5 Things You Need to Know 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 ReportCoresight Research Countdown to 11.11 Series, #11: National Day Golden Week Promotion on Tmall; Smart Store Taobao x Hoi! Opens in Taipei,Taiwan Coresight Research October 4, 2018 Executive SummaryAlibaba’s 11.11 Global Shopping Festival, also known as Double 11 or Singles’ Day, takes place on November 11 every year and it has now 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’s currently running shopping event is the National Day Golden Week Promotion, which is being held September 28–October 7 on Alibaba’s Tmall. The event promotes home appliances, furniture and musical instruments, among other products,and participating brands include Dyson, Haier, Hisense, Panasonic, and Philips. Alibaba’s Taobao and Test-Rite International—a Taiwan-based household products retailer—collaborated to open a smart store, dubbed Taobao x Hoi!, in Taipei, Taiwan. Taobao x Hoi! has several New Retail features, including digital display of furniture products, in which customers can view 3D models of the products in a virtual home setting. Customers can also scan brochures of selected products in the RFID reading area and read details of the products, including the manufacturing process. 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 ReportUS Halloween Spending Expected to Hit $9 Billion in 2018 Coresight Research October 4, 2018 Executive Summary US Halloween spending is expected to reach $9.0 billion this year, according to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insights & Analytics. This spending level ranks just under last year’s record $9.1 billion, which was the largest Halloween spend in the 14 years of survey data. Discount stores continue to be the top Halloween shopping destination, with 45% of survey respondents stating they will purchase their Halloween items in discount stores. Online searches inspire more than a third of costume ideas. Approximately 35% of consumers said they will find inspiration online, followed by 29% who will look for their ideas in stores. Dressing as a favorite princess steals the spot for most popular costume followed by last year’s winner of superhero. Witches continue to be popular with adults and 2018 has seen a surge in the number of people who will dress their pet in costume for the holiday. 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 ReportTESCO Results (LSE: TSCO) UK Comp Growth Levelling Off, Though Company Remains “On Course” to Hit Margin Target Coresight Research October 4, 2018 Executive Summary Tesco reported UK comparable sales growth of 2.3% in 1H19, level with that seen in 2H18. 2Q19 UK comps came in ahead of expectations. The company reported an adjusted operating margin of 2.9% versus 2.6% in the year-ago period and stated that it was “on track” to achieve its ambition of a 3.5%–4.0% operating margin by FY20. Further adjusted to exclude the now-discontinued Tesco Direct general-merchandise operation, the company said its 1H19 operation margin came in at 3.0%. 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 ReportWeChat Pay Hong Kong Launches Cross-Border Mobile Payment Services Coresight Research October 3, 2018 Executive Summary Tencent has partnered with China’s leading bank-card service provider UnionPay and its subsidiary UnionPay International to offer cross-border mobile payment services for WeChat Pay HK users traveling to Mainland China, starting October 1. This service will allow WeChat Pay HK users to make payments in Mainland China in Hong Kong dollars (HKD), for which payments will be automatically converted from Chinese Yuan (RMB) to HKD within WeChat Pay HK, where exchange rate quotes will be available for users to view. Four merchants have tied up with WeChat Pay HK in this pilot launch and we see more merchants joining this service in the future. We see this cross-border payment service as another key step in WeChat Pay’s overseas expansion plans for becoming a global payment gateway. 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 ReportWalmart Acquires Eloquii, Strengthening Its #1 Position in Apparel Coresight Research October 3, 2018 Executive Summary Walmart announced that it will acquire plus-size apparel brand and retailer Eloquii for an undisclosed amount. Walmart has recently acquired several other apparel brands, including Bonobos in June 2017. The acquisition will strengthen Walmart’s leading position in the US apparel market. Coresight Research data find that Walmart ranks number one in the clothing and footwear market by both sales and number of shoppers (despite the encroaching threat from Amazon). Like the Bonobos acquisition and the ModCloth acquisition before that, this move should extend Walmart’s reach among nontraditional shoppers—namely, younger consumers with higher disposable incomes than those of core Walmart shoppers. 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
Event CoverageTakeaways from Salesforce Dreamforce 2018: The Final Wave of AI is Just 1–2 Years Away, Plus the Pressure for Change in Social Media Coresight Research October 3, 2018 Executive SummaryThe Coresight Research team attended the Dreamforce software conference and analyst day hosted by software firm Salesforce, which was held September 25–28 in San Francisco. Our takeaways from this event include: Salesforce is focused on helping its users deliver seamless experiences through a 360-degree view of their customers. By helping people to rethink the world and core nonbusiness elements such as citizenship and governments, Salesforce can eventually impact much more than just businesses. The evolution of artificial intelligence (AI)comprises four waves and we are currently in the third wave in which digitalized real-world data contribute to AI’s development. Tech platforms, especially social media firms, are in an “arms race” for consumers’ attention and in doing so are pitching supercomputers against the human brain. Campaigners for more humane technology are arguing against this trend. 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 ReportIZ Adaptive Relaunches Inclusive Fashion Collection Coresight Research October 3, 2018 Executive SummaryOn September 24, designer Izzy Camilleri launched IZ Adaptive, an extended inclusive 55-piece ready-to-wear collection for people with physical disabilities. The brand is available at www.IZAdaptive.com and will also feature at Zappos and Macy’s later this year. The collection marks one of the biggest launches in adaptive fashion. IZ Adaptive, formerly IZ Collection—the ready-to-wear apparel brand designed for adults with physical disabilities—released its expanded adaptive fashion collection this week. A pioneer in the adaptive space, IZ Adaptive first debuted in 2009 when Izzy Camilleri made the shift from runway couture to accessible fashion for wheelchair users. IZ Adaptive has launched a #PerfectFit social media campaign where customers express their idea of the perfect fit on video. 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 ReportDreampitch at Dreamforce 2018: Unlocking the Data in Auto Repair, Localizing Digital Experiences and Crowdsourcing Vehicle Transportation Coresight Research October 3, 2018 Executive SummaryThe Coresight Research team attended the Salesforce Dreamforce conference, held September 25–28, and saw three startups vying for the $250,000 Dreampitch grand prize on September 26. These startups were: Carserv, a digital platform on which auto-repair shop owners can digitalize their processes and use data to improve customer engagement while increasing revenue. Radius8, which localizes retailers’ digital experiences based on information from their physical stores (for example, inventory information) and external metrics such as the weather or events. Radius8’s platform is designed to drive consumers who pre-shop online into stores. Draiver, a self-learning logistics platform that moves vehicles by planning, executing, and instructing drivers. The company matches up the vehicles that firms need to move with drivers who can undertake those journeys in a gig-economy model layered with machine learning. 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 ReportICSC Retail Innovation Forum: The New Role of the Physical Store in Digital-First Retail Coresight Research October 2, 2018 Executive SummaryThe Coresight Research team attended the Retail Innovation Forum in Amsterdam on September 26 and 27. The event was organized by the International Council of Shopping Centers (ICSC). Here, we feature the main takeaways from the talks held over the two days of the conference. Technology will play a key role in physical stores, where retailers will use computer vision and artificial intelligence (AI) to assist human employees in providing an enhanced shopping experience. Digitalization has changed the way consumers shop. Because the physical store is now just one of the channels available to shoppers, it must become both functional and experiential, a place to get personal advice and try products firsthand. Personalization is key to reaching today’s digital-first shoppers. The interaction between retailer and consumer needs to be based on the shopper’s preferences and it must be adapted to the environment—time and place—in which the shopper interaction occurs. 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 ReportUK Christmas 2018 Retail Outlook: Overall Demand Looks Solid, with E-Commerce on Course to Capture 30% of Nonfood Sales Coresight Research October 2, 2018 Executive SummaryUK retailers are set to see sustained sales growth this holiday season: We estimate that UK retail sales will grow by 4.5% year over year this Christmas, taking total November and December sales to £81.8 billion. We expect grocery retailers and Internet pure plays to drive this growth and that store-based nonfood retailers will see relatively soft growth. We estimate that 20.6% of all November and December retail sales will be made online, which would make 2018 the first year in which e-commerce would capture more than one-fifth of all UK holiday retail sales. We expect nonfood e-commerce sales to reach a threshold, too, increasing to 30% of total holiday nonfood sales for the first time. Despite a benign economic context, challenged midmarket brickand- mortar retailers are likely to see sustained difficulties on two fronts. First, rising labor costs and high business rates have coincided with sales moving online, in turn deleveraging the fixed costs associated with brick-and-mortar stores. Second, pricecompetitive rivals in the e-commerce and discount channels continue to steal share from legacy retailers, while limiting those legacy players’ ability to pass on higher costs to shoppers. 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 ReportEntrepreneurs Roundtable Accelerator Demo Day Summer 2018 Coresight Research October 2, 2018 Executive SummaryThe Coresight Research team attended the Entrepreneurs Roundtable Accelerator (ERA) Summer 2018 Demo Day on September 26 in New York City. The event saw 13 startups presenting solutions in areas such as cybersecurity, data analytics, marketplaces, voice commerce, financial services and direct-to-consumer (DTC) products. 13 startups participated in ERA’s four-month accelerator program in New York City. As part of the accelerator program, each startup received an initial investment of $100,000. Each ERA participant gave a five-minute presentation to investors and industry analysts. ERA has over 400 investors, technologists, product specialists, marketers, customer-acquisition strategists and sales executives from all major sectors. To date, ERA companies have raised more than $250 million in investor capital. 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 ReportAmazon Opens New Store in NYC to Showcase its 4-Star Rated Products Coresight Research October 2, 2018 Executive SummaryThe Coresight Research team visited Amazon’s new store in Manhattan’s SoHo district. Dubbed Amazon 4-star, the store displays and sells products rated 4-star or higher by customers. Good displayed in the store include housewares, electronics, toys, smart-home products, Halloween products, locally popular items and a small selection of books.Also on display are several products that offer a “treasure-hunt” experience to shoppers. Amazon 4-starfeaturesmany consumer electronics products—including Alexa-compatible products, Fire tablets, media devices—and Amazon Essentials products, along with a large section dedicated to iRobot cleaning robots. The store offers AmazonPrime members discounts on select items and customers can pay for purchases via the Amazon app or on payment tablets. 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
