Insight ReportWeinswig’s Weekly September 7, 2018 Coresight Research September 7, 2018 Executive SummarySeptember7, 2018 This week’s note “From the Desk of Deborah Weinswig” discusses the different growth strategies that CVS Health and Walgreens Boots Alliance have undertaken to combat emerging competitors in the pharmacy industry. Brick-and-mortar stores are using various versions of the click-and-collect model to satisfy growing demand for convenience as consumers increasingly shift toward online shopping, and some brick-and-mortar retailers in the US have recorded some of their best growth in years. Retail sales in the UK rose by 1.3% in August, according to the British Retail Consortium (BRC), versus 1.6% in July. Comparable sales in August increased by 0.2%, slightly below July’s 0.5% increase. August growth was driven by food sales, although momentum has faded following a strong run in previous months, the BRC said. Chinese online food delivery-to-ticketing services platform Meituan Dianping is set for an IPO in Hong Kong. The company is valuing itself at up to US$55 billion, with an indicative price range of US$7.60–US$9.20 per share. 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 CoverageTakeaways from Day 2 of the Goldman Sachs 25th Annual Retailing Conference Coresight Research September 7, 2018 Executive SummaryGoldman Sachs held its 25th Annual Global Retail Conference in New York City this week. Listed below are the key takeaways from the webcast presentations. All of a sudden, opening stores is not a bad thing. US retailers are initially entering China markets via online platforms. Lowe’s is to open direct fulfillment center for online orders. The 2010s could be the “lost decade of retail”due to the misallocation of capital. There is still a lot of low-hanging fruit to be picked by retailers to improve efficiency and service quality. 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 36: Lululemon Plans to Open 40 Stores Coresight Research September 7, 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 4,579 and the number of store openings is 2,435. Lululemon has announced that it plans to open 40 new stores by the end of this year. YTD in the UK, there have been 1,226 store closure announcements and 711 store opening announcements. Coca-Cola has agreed to buy Costa Coffee for $5.1 billion. 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 ReportUppercase Launches Tech-enabled Popup-to-Permanent Retail Solution for Catalyzing DTC Brands’ Growth Coresight Research September 6, 2018 Executive SummaryUppercase has launched a modern retail solution for direct-to-consumer (DTC) brands and companies looking to grow with brick-and-mortar retail stores. The company provides a tech-enabled and flexible retail store solution for brands that want to launch, analyze and grow their brick-and-mortar retail presences. Uppercase combines real-estate and retail data to provide access to up-and-coming and desirable retail neighborhoods. The company provides brands with insights into where retail stores should be located, at what times the stores should open, and how data-informed merchandising plans can be created. The company received $4.8M in seed funding led by LererHippeau, the NYC-based seed stage venture capital fund, which has invested in many innovative brands, including Allbirds, Casper, Everlane, Glossier, Dia& Co, and Warby Parker, and CRV the investor behind Dropbox, Classpass, and Doordash. 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 UpdateRestoration Hardware (RH) 2Q18 Results: Mixed Results, Company Raises EPS Guidance and Lowers Revenue Guidance Coresight Research September 6, 2018 Executive Summary Restoration Hardware reported 2Q18 adjusted EPS of $2.49, up from $0.65 in the year-ago period and above the $1.75 consensus estimate. Revenues were $640.8 million, up 4.1% year over year but below the $660.9 million consensus estimate. Comps were up 5%, following a 7% increase in the year-ago quarter, but were below the 8% consensus estimate. The company raised its FY18 EPS outlook to $7.35–$7.75 from $6.34–$6.83 previously; the consensus estimate calls for full-year EPS of $6.72. The company lowered its $2.53–$2.57 billion revenue guidance by 2%, implying that it now expects full-year revenues of $2.49–$2.52 billion. That range is below the $2.56 billion consensus estimate and would represent 4%–5% growth over2017. 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
Market Navigators/Market OutlookCategory Outlook: China’s Sportswear Market—A Large and Dynamic Industry Driven by Fashion-Conscious Millennial Customers with Active Lifestyles Coresight Research September 6, 2018 Executive SummaryChina’s sportswear market is one of the largest and fastest-growing in the world. More and more people pursuing active lifestyles, increasing sports participation and the popularity of sportswear in fashion are the main trends shaping the industry. China’s sportswear market is expected to grow at an annual average rate of 11% in the five years through 2022. A large millennial population, government initiatives to promote fitness and sports participation and the organization of large sports events are among the drivers that are sustaining the growth of sportwear in China. International sportwear companies Nike and Adidas led the market in 2017. Domestic firm Anta Sports was the third-largest company in terms of revenue share in 2017 and is working hard to catch up with its international competitors. 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 ReportUnderstanding WeChat, China’s Super App: Part 1—The Definite Leader in China Coresight Research September 5, 2018 Executive Summary WeChat, the #1 social media app in China, has become a part of daily life for around 1 billion Chinese consumers. In this report, the first of our Understanding WeChat, China’s Super App series, we delve into the different functions of the popular app—communications, mini programs, social networking, social media and payment. WeChat has introduced two new functions—“Top Stories” and Search functions—to complement its ecosystem as an information portal. The Chinese app has become the go-to portal for traffic and information consumption, accounting for 34% of total mobile traffic in China in 2017. The app’s prioritizing of user experience over the pace of monetization is one of the keys allowing WeChat to maintain its dominant position in 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
Company Earnings UpdateEXPRESS (EXPR) 2Q18 Results: Beats Estimates and Raises Guidance Coresight Research September 5, 2018 Executive Summary Express reported 2Q18 EPS of $0.03, beating the consensus estimate of breakeven. Revenues were $493.6 million, up by 2.6% year over year and beating the consensus estimate of $483.5 million. Comps were up 1%, beating the consensus estimate of down 0.1%. For the full year, the company raised comp guidance to +0–1% from down 1% to up 1% and raised EPS guidance to $0.43–$0.49 from $0.32–$0.46 previously. 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 UpdateChico’s (CHS) 2Q18 Results Coresight Research September 5, 2018 Executive Summary Chico’s FAS reported 2Q18 EPS of $0.13, beating the consensus estimate by a penny. Revenues were $544.72 million, down by 5.9% year over year and beating the consensus estimate of $541.0 million. Comps were down3.2%, beating the consensus estimate of down 4.5%. For 3Q, the company expects sales and comps to decline in the mid-single digits and for the full year, the company reaffirmed its guidance of a mid-single decline in net sales and a low-to-mid single digit decline in comps. 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 Dive3D Design Technology Disrupts the Fashion Supply Chain Coresight Research September 4, 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
Company Earnings UpdateBJ’S Wholesale Club Holdings Inc. (BJ) 2Q18 Results: Beats Consensus Estimates, Mixed Guidance Coresight Research September 4, 2018 Executive Summary BJ’S Wholesale Club Holdings Inc reported 2Q18 adjusted EPS of $0.31, above the consensus estimate of $0.27. Total revenues were $3.31 billion, beating the consensus estimate of $3.27 billion. During the quarter, comparable sales increased 5%, which included a 3% impact from the sale of gasoline. It was the fourth consecutive quarter of positive merchandise comparable sales. For Fiscal 2018, the company guided for adjusted EPS of $1.17–$1.24 compared to the consensus estimate of $1.13 and revenues in the range of $12.6–$12.7 billion compared to the consensus estimate of $12.96 billion. 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 ReportJuly 2018 Monthly Consumer Update: US, UK and China Coresight Research August 31, 2018 Executive Summary Coresight 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 July Consumer Update: In the US, gasoline prices were up by one-quarter year over year, yet retail sales (excluding gasoline) continued to grow strongly. In the UK, retail sales growth strengthened even as inflation began to outpace wage growth. In China, the medium-term slowdown in retail sales growth continued. 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 35: Sears Holdings Plans to Close 46 More Stores Coresight Research August 31, 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 2018, the number of US store closure announcements stands at 4,579 and the number of store openings is 2,380. Sears Holdings announced that it plans to close 46 more stores in November 2018. Lidl opened its 54th store in the US. It plans to open three more by September 2018. Year to date in the UK, there have been 1,195 store closure announcements and 711 store opening announcements. Iceland Foods has agreed to acquire 19 former Poundworld 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
Analyst CornerWeingswig’s Weekly Aug 31, 2018 Coresight Research August 31, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses the rapid growth of the male beauty market in China. Tariffs on goods from China imported into the US will cost American consumers roughly $6 billion a year, according to a study commissioned by the National Retail Federation. Online luxury retailer Yoox Net-a-Porter announced that it will debut a footwear and accessories range next month under its Mr P. private-label brand, which is sold exclusively on the Mr Porter website. Japanese casualwear retailer Uniqlo plans to double its store count in Southeast Asia and Oceania to around 400 by 2022, with a focus on stand-alone suburban stores. 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 UpdatePVH (PVH) Fiscal 2Q18 Results: Company Beats Expectations, Raises Guidance Coresight Research August 31, 2018 Executive Summary PVH Corp. reported fiscal 2Q18 revenues of $2,333 million, up 12.7% year over year and beating the $2,290 million estimate. Adjusted EPS was $2.18, beating the consensus estimate of $2.09 and up 29% from adjusted EPS of $1.69 from the year-ago quarter. Tommy Hilfiger International comparable store sales were up 11%, and Tommy Hilfiger North America comps were up 5%. Calvin Klein International comparable store sales were up 5% and Calvin Klein North America comps were up 2%. The company offered 3Q18 non-GAAP EPS guidance of $3.10–$3.13, versus the consensus estimate to $3.13. The company expects revenue in the third quarter to increase 7% (9% on a constant-currency basis) compared to the consensus estimate of $2.44 billion. For the full year, the company raised EPS guidance to $9.20–$9.25 from $9.05–9.15 compared to the consensus estimate of $9.18. 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
