Insight ReportUS Holiday 2018: Retailers’ Holiday Hiring Looks Set to Accelerate Coresight Research September 24, 2018 Executive SummaryThis report outlines key developments related to the holiday season hiring in 2018. We have seen a strong start to holiday hiring by retailers. The early signs show that retailers will grow their seasonal hiring this year at a faster rate than last year. Positive macro-economic tailwinds have already led to significant creation of retail jobs in the US this year with the 835,000 job openings in July outpacing last years’ recorded openings by circa 95,000. In order to ensure that they are adequately staffed in this year’s holiday season, retailers are offering more lucrative employment terms to seasonal workers. Many leading retailers have announced and started hiring earlier than usual. The growth in online shopping has led to increased hiring activity in allied sectors such as transportation, warehousing and logistics being on the upswing, in keeping with trends in recent years. 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
Analyst CornerWeinswig’s Weekly September 21, 2018 Coresight Research September 21, 2018 Executive SummarySeptember 21, 2018 This week’s note “From the Desk of Deborah Weinswig” discusses key points from Alibaba’s recent investor meeting, including the company’s plans to tap the surge in spending from China’s consumption upgrade. US retail sales rose by less than forecast in August as purchases of automobiles and clothing fell, suggesting that households took a breather from spending. The value of overall sales climbed 0.1% from the prior month after a 0.7% increase in July. British retailer House of Fraser is set to scrap its remaining house brands as it realigns its strategy under new owner Sports Direct. Walmart announced that it will acquire Cornershop, an online platform for on-demand delivery from pharmacies and grocery and specialty food retailers in Mexico and Chile. 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 38: L Brands to Close All 23 Henri Bendel Stores Coresight Research September 21, 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 2,743. L Brands is closing all 23 of its Henri Bendel stores. Staples is acquiring Essendant for $996 million. YTD in the UK, there have been 1,232 store closure announcements and 737 store opening announcements. Tesco opened the first store in its new discount chain Jack’s this week, and it announced plans to open 10–15 such stores in the next six months. 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 ReportAugust 2018 UK Retail Sales: Further Strong Volume Growth Coresight Research September 21, 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 UK Retail Sales Report reviews the latest sector data published by the Office for National Statistics (ONS). Highlights from our August UK Retail Sales Report: The UK retail sector enjoyed further solid volume growth in August, with sales up 3.5% year over year in real terms. This compared to 4.0% real-terms growth in July. In value terms, sales climbed 4.9%, with strong performances reported for DIY retailers, and health and beauty stores. Grocery stores saw a sequential softening of growth while large clothing retailers eked out a further modest year-over-year increase. The Office for National Statistics (ONS) reported that total shop-price inflation increased to 1.3% in August, from 1.1% in July, with both food and nonfood retailers fuelling this uplift. 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, #9: Kitchen Appliances Mega Sale; AlipayHK Unstaffed Store Coresight Research September 20, 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 have already happened or will take place till this event. Alibaba’s most recent shopping event was the Kitchen Appliances Mega Sale held September 20–22. During the promotion period, many brands participated, including Haier, Midea, Supor, Panasonic and Philips. At this mega sale, a wide range of kitchen appliances was sold at steep discounts. A Midea microwave, for instance, was sold at a discount of 76%. Alibaba’s affiliate Ant Financial has collaborated with mall operator Sino Group to explore New Retail opportunities. Ant Financial’s AlipayHK has opened an unstaffed pop-up store in Hong Kong where customers’ shopping experience is simplified by using smile recognition and radio frequency identification (RFID) technologies. The store is called AlipayHK Next Store. Customers enter AlipayHK Next Store using smile recognition technology and complete their shopping journey by automatically scanning and paying for purchased items using radio frequency identification (RFID) technology. 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 DiveInnovator Intelligence: Markable – Utilizing Image Recognition–Based Deep Learning Software to Streamline and Improve Fashion Searches Coresight Research September 19, 2018 Executive SummaryThis report forms part of our Innovator Intelligence series, which focuses on emerging companies that are disrupting traditional retail and fueling innovation across the retail value chain. Markable.ai provides computer vision–based visual-recognition application programming interfaces (APIs) and software development kits (SDKs) to brands and retailers. The technology enables online shoppers to search for items more effectively. Consumers can use visual search tools built with Markable’s technology to upload images of clothing and accessories they find on the web or on social media platforms, or that they have saved on their smartphone, in order to identify visually similar items, meaning they no longer have to rely on manually inputted keyword search techniques. Artificial intelligence (AI) technologies are pervading every sector of the economy, including retail. Last year, the market research and strategy firm Global Market Insights reported that the AI in retail market size is expected to grow at a compound annual growth rate of about 40% between 2017 and 2024. Retailers can use AI to help optimize user experiences, especially on mobile devices, where display real estate is limited. Markable provides a variety of products and services, including visual search, fashion trend analysis and complete-the-look functionality as well as assistance from dedicated AI engineers and technicians to help brands and retailers provide a more engaging discovery tool to shoppers. Providing shoppers with visual search capability has been shown to increase total revenue, click-through rates and user engagement, and image searches are becoming the norm for many consumers. Markable’s proprietary software can be used by businesses of all sizes to effectively link products shown in images or videos with visually similar items. The company’s technology enables searches for items that are in stock and generates search results that are more accurate than those generated by manually typed keyword-based searches. 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 CoverageAlibaba Group Investor Day 2018: Management Remains Confident that Alibaba Is Well Positioned to Capitalize on China’s Sustained Consumption Upgrade Coresight Research September 19, 2018 Executive SummaryThe Coresight Research team attended Alibaba Group’s annual Investor Day event in Hangzhou, China, this week. Our top takeaways include the following: Alibaba Chairman Jack Ma expects some near-term challenges to China’s consumer economy, including the US-China trade war, but he predicts that the country’s economy will remain resilient over the longer term. Alibaba’s growth will be fueled by growth of the middle class in China, where the number of middle-income consumers is expected to soon rise from 300 million to 500 million. New products, new markets and new experiences are supporting growth at Tmall, according to Tmall President Jet Jing. Wang Lei, CEO of Ele.me, a food-delivery startup acquired by Alibaba earlier this year, pointed to significant potential for Alibaba in real-world services such as in-store dining, food delivery and entertainment. The Ele.me acquisition is bolstering Alibaba’s capabilities in last-mile delivery. Hou Yi, CEO of Alibaba’s supermarket chain Hema, suggested that Hema is well positioned to serve China’s continuing consumption upgrade. The retailer offers a strong selection of fresh foods and restaurant dishes, sources globally directly from farms and suppliers, has two differentiated private-label brands, and offers rapid delivery. Wan Lin, President of Alibaba’s Cainiao Network logistics business, identified four barriers to more efficient logistics in China: multiple layers in the delivery process, redundant infrastructures, low productivity and isolated information. 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 ReportHurricane Florence: Impact on Retailers and Food-Service Operators Estimated at $700 Million Coresight Research September 18, 2018 Executive SummaryHurricane Florence, a 340-mile-wide Category 1 storm, landed early September 14 near Wrightsville Beach, North Carolina, with hurricane-force winds extending outward up to 70 miles. Florence was downgraded to a tropical depression on September 16 and has led to more than 23 deaths since it made landfall. The center of the depression is moving west from central South Carolina and continued flooding from heavy rain is expected in North Carolina, according to The New York Times. The potential economic impact from lost consumer retail sales is forecast at $700 million, according to weather analytics firm Planalytics. However, businesses in certain categories will benefit from this unfortunate event as residents affected by Florence restore and renovate their homes once the waters recede. After Hurricane Irma hit Florida in September 2017, US comparable-store sales rose by 7.7% at Home Depot and by 5.7% at Lowe’s, according to Thomson Reuters. Both companies reported more than $200 million in hurricane-related sales. 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 UpdateH&M (STO: HM-B) 3Q18 Sales Update: Sales Momentum Improves from the Last Quarter Thanks to Continuous Business Revamp Coresight Research September 18, 2018 Executive Summary In 3Q18, H&M grew sales including value added tax (VAT) by 9.1% in reporting currency. Constant-currency sales growth of 4.0% was comfortably ahead of the consensus estimate of 2.6% growth. H&M will publish its full nine-month report on September 27, 2018. 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 US Retail Sales and Traffic: Clothing Retailers Shine while Store Traffic and Sales Continue to Decline Coresight Research September 18, 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 US Monthly Retail Sales and Traffic Report reviews year-over-year changes in selected store-based metrics, including sales, traffic and conversion rates. Highlights from our August Retail Traffic report: Total US retail sales increased by 6.2% on a year-over-year basis in August, according to the US Census Bureau. Retail sales increased marginally by 0.1% month over month in August, on a seasonally-adjusted basis. Changes in store-based sales and traffic remained negative in August. While conversion rate remained marginally positive, average transaction value declined (1.3%) for the first time in five months whereas return rates declined slightly (0.1%), according to RetailNext. Retail traffic declined 5.4% year over year during August. 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 DiveInnovator Intelligence: Connecting the Retail Value Chain with Innovators that Are Revolutionizing the Industry Coresight Research September 17, 2018 Executive SummaryDue to the rapidly shifting nature of retail, Coresight Research is providing new tools and services to deliver critical business intelligence. Our recently launched Innovator Intelligence platform highlights some of the most promising, forward-looking companies around the globe and provides actionable analysis to help our clients and members anticipate change, collaborate and profit from the rapid innovation in retail. Mass store closures, soaring online sales and changing shopper expectations testify to the quickly shifting nature of retail. E-commerce and technology are advancing—and consumer behaviors and preferences are changing—faster than ever before. Coresight Research’s Innovator Intelligence platform connects today’s most promising and innovative startup entrepreneurs with business leaders looking for acquisition, investment or partnership opportunities as well as with those who are just monitoring industry advancements. In this report, we highlight 10 companies that we think are poised to disrupt retail and drive the future of the industry. These companies’ solutions are revolutionizing retail in one of three ways: Creating new retail experiences. Helping brands and retailers collect actionable business intelligence or providing them with personalized marketing tools. Optimizing business functions in terms of inventory management, excess inventory, quality inspection or supply chain logistics. 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 Holiday Outlook 2018: Looking for 4% Growth with E-Commerce Set to Capture One in Every Five Nonfood Dollars Coresight Research September 17, 2018 Executive Summary We are optimistic about the prospects for holiday sales in the US this year and forecast a 4% year-over-year increase in total retail sales (excluding automobiles and gasoline). We believe there could be an upside to this estimate given favorable economic conditions, such as an extremely low unemployment rate, wage growth and modest inflation. Demanding comparatives from last year will be a barrier to stronger year-over-year growth this holiday season. Our 4% growth estimate for holiday sales this year compares with 5.5% growth last year and an average increase of 2.8% over the last 10 years. E-commerce is expected to continue to gain share of total sales over the holiday season. We expect online retail sales to rise by almost 16% year over year. We estimate that e-commerce will capture almost 16% of all retail sales and around 20% of nonfood retail sales in the final quarter. This year, there is one more shopping day between Thanksgiving and Christmas than there was last year and the holiday season (timed from Thanksgiving) is the longest that it can be: there are 32 days between the holidays this year versus 31 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 ReportAugust 2018 US Same-Store Sales: Strong Beat by Costco Coresight Research September 17, 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 US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato. Highlights from our August US Same-Store Sales report: Costco’s same-store sales rose higher in August this year compared to the growth reported in the same month last year. Among the specialty retailers, comp growth at Buckle was marginally negative. Cato and L Brands posted positive comp growth compared to negative growth posted in August last year. Costco continues to report strong traffic trends. 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 DiveDeep Dive: Profiling Ten of the World’s Biggest E-Commerce Marketplaces, from Alibaba to Zalando Coresight Research September 17, 2018 Executive SummaryIn this report, we profile ten of the world’s biggest e-commerce marketplaces and look at the global prospects for e-commerce growth. Marketplaces aggregating third-party sellers have been growing their share of e-commerce. According to Euromonitor, marketplace sales accounted for 41% of all online retail sales in 2017, up from 17% in 2008. Amazon and Alibaba are the two biggest international players in e-commerce today, largely because their respective home countries, the US and China, have been early and fast adopters of online retail. Smaller Chinese companies such as Kaola and Pinduoduo are finding niches to focus on to chip away at the near-duopoly of Alibaba and JD.com in Chinese e-commerce. Retailers including Walmart and Zalando have been moving into marketplace formats in order to bolster their online offerings. Young and less-urban populations along with high rates of GDP per capita growth appear to correlate with greater reliance on e-commerce. India and parts of sub-Saharan Africa could be the next regions to experience an e-commerce boom. 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 37: Tesco to Launch a New Discount Format Coresight Research September 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 (YTD) 2018, the number of US store closure announcements stands at 4,589 and the number of store openings is 2,742. Five Below plans to open 50 new stores. YTD in the UK, there have been 1,230 store closure announcements and 715 store opening announcements. Tesco will launch a new discount chain on September 19. Ralph Lauren is to open three new Polo stores 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
