Insight ReportJCPenney Chief Financial Officer (CFO) Resigns; Senior Vice President (SVP) Finance Will Assume the Position in Interim Coresight Research October 2, 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
Event PresentationRetail Trends (Revionics) Coresight Research October 1, 2018 Executive SummaryAGENDA About Coresight Research Macro Trends 6 Consumer Trends 5 Sector Trends How to Price and Promote Efficiently Current State of Retail Technology Untapped Potential 10 Things You Need to Know from 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
Analyst CornerWeinswig’s Weekly – September 28, 2018 Coresight Research September 28, 2018 Executive SummarySeptember 28, 2018 This week’s note “From the Desk of Deborah Weinswig” discusses the Bonded + Retail Store model, a new way for foreign brands and retailers to access the Chinese market. com is considering an aggressive expansion plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years. American fashion retailer Michael Kors is set to acquire Italian luxury fashion company Versace for a reported $2.1 billion, including debt. The acquisition is expected to provide Michael Kors with a launch pad into the European high-end luxury market. Chinese e-commerce behemoth JD has launched a new online service called JDVirtual that enables customers in Indonesia to purchase groceries for home delivery using QR codes. 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 ReportAugust 2018 Monthly Consumer Update: US, UK and China Coresight Research September 28, 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 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 August Consumer Update: In the US, year-over-year inflation in gasoline prices eased for the first time since March. In the UK, retail sales remained solid, with real-term growth of 3.5% year over year. In China, retail sales grew by 9.0% year over year as food price inflation jumped. 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) 3Q18 Results: Logistics Costs, Online and Store Expansion Pummel Profit Margins Coresight Research September 28, 2018 Executive Summary For 3Q18, H&M reported a 6.6% increase in gross profit—to SEK 28.1 billion—yielding a gross margin of 50.3%. The company had already reported total 3Q18 sales growth of 9.0%. Operating income was SEK 4.0 billion, down by nearly 20% year over year and slightly below the consensus estimate of SEK 4.1 billion. In 4Q18, H&M expects no year-over-year increase in markdowns and expects sourcing costs to be slightly positive in light of the weakening US dollar against its basket of currencies. 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
Store TrackerWeekly Store Openings and Closures Tracker 2018, Week 39: Poundland to Open 20 Stores in Former Poundworld Locations Coresight Research September 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 (YTD) 2018, the number of US store closure announcements stands at 4,612 and the number of store openings is 2,639. Michael Kors is acquiring Versace for $2.12 billion. YTD in the UK, there have been 1,256 store closure announcements and 757 store opening announcements. Poundland is opening 20 new stores in former Poundworld locations. French Connection is closing eight 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
Insight ReportCoresight Research Countdown to 11.11 Series, #10: Mid-Autumn Festival Promotion on Tmall; Jo Malone will Sell Personalized Scents Coresight Research September 27, 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 most recent shopping event was the Mid-Autumn Festival Promotion, held September 17–24, during which Nokia ran three campaigns for promoting its mobile phones. British fragrance brand Jo Malone is partnering with Alibaba’s Tmall to create a unique and personalized signature scent for each customer. Customers who purchase Jo Malone’s fragrance products for gifting can personalize their purchases further by choosing from a variety of gifting boxes and greeting cards, and getting up to 30-character-long messages and 3-character-long initials engraved on their scents’ bottles and lids, respectively. 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 National Day Golden Week 2018 Preview Coresight Research September 27, 2018 Executive SummaryChinese tourists travelling during this year’s National Day Golden Week holidays (October 1–7) will boost both global and domestic retail sales. According to Ctrip (China’s largest online travel agency), during this year’s National Day holidays: Over 700 million Chinese citizens will be traveling within the country and around 7 million Chinese will be traveling overseas. These numbers together represent around half of the total Chinese population. The per capita expenditure during these holidays is expected to be ¥3,100 for domestic tourists and ¥7,300 for outbound Chinese tourists. Japan is expected to be the most popular destination for Chinese tourists, followed by Thailand and Hong Kong. The US, on the other hand, has fallen out of favor because of the ongoing US–China trade war. 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 UpdateBoohoo Group (LSE: BOO) 1H19 Results: Strong Revenue Growth Boosted by PrettyLittleThing Coresight Research September 27, 2018 Executive Summary Boohoo Group reported 1H19 group revenue growth of 50.0%, taking revenues to £395.3 million, ahead of the consensus estimate of £385.9 million. Group gross margin expanded by 200 basis points to 55.3% during the six-month period. The company raised its full year revenue growth guidance to the range 38.0%–43.0% from previous guidance range of 35.0%–40.0%, with guidance for its adjusted EBITDA margin being maintained in the range 9.0%–10.0%. 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
Deep DiveChinese Outbound Tourists Survey 2018: Urban Millennials Lead the Charge to More Independent, Adventurous Travel Coresight Research September 26, 2018 Executive SummaryThis report details the results of our fourth annual proprietary survey of Chinese overseas tourists’ travel and spending behaviors and preferences, undertaken in partnership with China Luxury Advisors. The top six takeaways from our 2018 survey are: Millennials—those in their 20s and 30s—are changing the nature of the Chinese outbound travel market. Younger travelers take more trips per year than the average traveler and they take a more independent approach to booking travel arrangements. In addition, the number of young people traveling with friends is on the rise. More Chinese people are traveling overseas, but that is not the only factor supporting growth in trip numbers: the number of trips per traveler is creeping up, too. Travelers from tier-one cities are driving this increase. Demand for overseas beauty purchases—especially prestige beauty products—looks solid, and we expect this to underpin international retail demand from Chinese travelers. Group travel remains popular, especially among residents of lower-tier cities. However, the majority of travelers are now opting to either make their own travel arrangements independently or book package tours. Fully independent travel is becoming more prevalent, led by residents of first-tier cities. Chinese tourists are not only traveling more independently, but also taking a more adventurous approach to destinations in Asia, a trend that looks to be boosting Vietnam’s inbound arrival numbers. Residents of tier-one cities in China are driving the shift toward nontraditional destinations. The survey results underscored the central role that mobile plays for Chinese tourists. Retailers and service providers must offer information, booking capability, shopping experiences and payment options via mobile, including through popular apps such as WeChat and Alipay. 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) 1H19 Results: Better-Than-Expected Margin Improvement Prompts Full Year Guidance Upgrade Coresight Research September 26, 2018 Executive Summary Next reported 1H19 revenues of £1,961.9 million, up 3.1% year over year. Diluted EPS came in at 184.5 pence, up 4.5% year over year, broadly in line with the consensus estimates of 184.7 pence. The online business turned in a robust performance while Next Retail (in-store) sales continued to decline. Next guided for FY19 full price sales growth of 3%, ahead of the consensus estimate of 1.7%, and expects EPS to grow by 5%, which is ahead of the consensus estimate of 3.1%. The company also raised its central guidance for full year pre-tax profits by £10 million to £727 million. 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
Flash ReportMichael Kors Holdings to Acquire Gianni Versace SpA Coresight Research September 26, 2018 Executive SummaryMichael Kors (Kors) gained a foothold in the world of elite European fashion on Tuesday by striking a $2.12 billion deal to acquire Versace. The deal is to close in 4th quarter of FY2018, 1st quarter of calendar year 2019; following the deal, Kors will change its name to Capri Holdings Limited. By expanding its brand portfolio, Kors alleviates the pressure on any one brand to drive overall corporate results. Versace brings with it authentic Italian heritage, flashy fashion POV and social media savviness, and the opportunity to expand its accessories business. 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 UpdateAscena (ASNA) Fiscal 4Q18 Results: Results Beat Expectations, Guides Above Consensus Coresight Research September 26, 2018 Executive Summary Ascena reported adjusted fiscal 4Q18 EPS of $0.07, up 36.0% from a year ago and beating the consensus of $0.02. Adjusted revenues were $1.68 billion, up 1.2% year over year and beating the $1.62 billion consensus estimate. Comps increased 4%, beating the +0.6% consensus estimate. Comps increased by 15% for Justice and 5% for premium brands, including 7% for LOFT. The company offered guidance of revenues of $6.45–$6.55 billion and adjusted EPS of $0.00–$0.10, compared to consensus estimates of $6.26 billion and ($0.01), respectively. 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 ReportChina’s Platform Landscape: Alibaba vs. Tencent Coresight Research September 25, 2018 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
Deep DiveA Guide to Entering China for Foreign Brands and Retailers, Part 1: Using the “Bonded + Retail Store” Model to Establish a Physical Presence in the Chinese Market Coresight Research September 24, 2018 Executive SummaryThis is the first report in our series A Guide to Entering China for Foreign Brands and Retailers. Here, we focus on a new way for foreign companies to enter China, the “Bonded + Retail Store” model. China’s population reached 1.4 billion in 2017, when consumer spending in the country totaled ¥31.8 trillion ($4.6 trillion). The scale of the Chinese market makes it highly attractive to international brands and retailers. The cross-border e-commerce space has become increasingly crowded in China, making it hard for foreign brands and retailers to differentiate themselves and gain share. The Bonded + Retail Store model enables foreign brands and retailers to use supply chain technology to ship products to authorized retail stores in China under the supervision of China’s General Administration of Customs. The products are bonded throughout the process, but they are cleared by Chinese customs authorities only after consumers have purchased them. Click here to view more reports about China Market Entry. 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
