Insight ReportJuly 2018 US Retail Sales and Traffic: Status Quo Continues with YoY Increase in Total Retail Sales and Decline in Store Traffic Coresight Research August 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 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 July Retail Traffic report: On a year-over-year basis in July, total retail sales increased by 6.0%, according to the US Census Bureau. Retail sales increased by 0.4% month over month in July on a seasonally-adjusted basis. Changes in store-based sales and traffic remained negative in July, although the declines registered were the lowest and second-lowest, respectively, in the last six months. While conversion rates and average transaction values remained positive, return rates were flat, according to RetailNext. Retail traffic declined by 4.7% year over year during July. 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 UpdateJCPenney (JCP) 2Q18 Results: Earnings Miss, Net Sales Negatively Impacted by Store Closures; Company Lowers Guidance Coresight Research August 17, 2018 Executive Summary JCPenney reported 2Q18 net sales of $2.76 billion, down 7.5% year over year and below the $2.81 billion consensus estimate. Adjusted EPS was $(0.32), down from $(0.15) from the year-ago quarter and below the $(0.05) consensus estimate. Comparable sales were up 0.3% for the period. Children’s, jewelry, Sephora, women’s apparel and salon were the company’s top performing divisions and categories during the quarter. The company lowered its full-year guidance and now expects adjusted EPS of $(1.00)–$(0.80), from previous guidance of $(0.07)–$0.13 and the $0.04 consensus estimate. Comps are now expected to be flat, versus previous guidance for growth of 0.0%–2.0% 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
Event Coverage“Purchase-Now, Manufacture Now” and Other Top Takeaways from MAGIC Las Vegas 2018 Coresight Research August 16, 2018 Executive SummaryThis week, the Coresight Research team is attending MAGIC Las Vegas 2018, one of the most comprehensive trade shows covering men’s, women’s and children’s apparel, accessories and footwear. Here are our key takeaways from the first day of the event: The footwear market has returned to growth, fueled by the “sport leisure” and “fashion” categories. com, the company’s B2B platform, helps individuals to find and source products globally, at all price ranges. Department stores and brands will become entertainment creators, and create movies and tv shows with their own fashions as part of the shows. Thr3efold is a new tech supply-chain platform that helps companies find ethical factories and manage production in one place. “Purchase-activated fulfilment” is the next generation of manufacturing. 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 UpdateHome Depot (HD) 2Q18 Results: Beats on EPS and Same-Store Sales, Raises Full-Year Outlook Coresight Research August 16, 2018 Executive Summary Home Depot reported 2Q18 EPS of $3.05, up from $2.25 in the year-ago quarter and ahead of the $2.84 consensus estimate. Total revenues were $30.46 billion, up 8.4% year over year and ahead of the $30.03 billion consensus estimate. Total comps rose by 8.0% during the quarter, beating the 6.6% consensus estimate. Comps for US stores were up 8.1%. Comp growth was driven by a 4.9% increase in average ticket spend, to $66.20, and a 2.9% increase in customer transactions. Top-selling categories included lumber, indoor garden, outdoor garden and electrical. Home Depot raised its outlook for revenues and same-store sales for FY18. The company expects revenues to increase 7.0%, compared with the prior forecast of 6.5%, reflecting comp growth of 5.3%, up from previous guidance for 5.0% growth. The consensus estimate calls for revenue growth of 6.8% and comp growth of 5.2%. Home Depot now guides for FY18 EPS of $9.42 up from previous guidance of $9.31, while the consensus estimate calls for EPS of $9.43. 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 CoverageMental Health and Chinese Medicine: Key Takeaways from the Healthy Hour Series Discussion Coresight Research August 15, 2018 Executive SummaryCoresight Research recently cohosted a Wellness Series podcast titled, “All Possibilities Live—Body Belief with Aimee Raupp,” with Mouthmedia Network, a premiere podcast network focused on the business of various lifestyle industries. The All Possibilities podcast was created and hosted by Julie Chan to explore the intersection of spirituality, business and science. This event focused on spiritual and unconventional approaches to pregnancy and health. Here, we share our top takeaways from the event: Western medicine treats the branches of disease, while Chinese medicine is about treating the root. Human thoughts can dictate human behaviors, and behaviors could eventually dictate lives. Changing our beliefs about negative things could heal the body and have a positive impact on our lives. 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 ReportUS Back-to-School 2018: A Review of Fashion Trends and Apparel Spending Coresight Research August 15, 2018 Executive SummaryThis is the third and final report in our US Back-to-School series for 2018. Here, we review fashion trends and apparel spending expectations that will shape demand for clothing and footwear this back-to-school season. Apparel trends this year include distressed and embellished denim, graphics, prints and florals, and metallics. Per-shopper clothing spending is likely to be roughly flat year over year, but shoppers plan to spend more on shoes. School uniforms have seen growth, as more parents report their children’s schools requiring uniforms. More and more retailers are providing uniform solutions. 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 ReportRetail-Tech Landscape: London Coresight Research August 14, 2018 Executive SummaryCoresight Research’s Innovator Landscape features notable retail tech companies in London that are transforming key areas of the retail value chain. To view more of our Innovator Landscapes spotlighting innovative retail-tech start-ups that are disrupting the retail industry, click here. 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 ReportJuly 2018 US Same-Store Sales Coresight Research August 14, 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 July US Same-Store Sales report: Costco’s same-store sales grew higher in July this year compared to the growth reported in the same month last year. Buckle and Cato brands’ comp growth turned positive compared to declines posted in July 2017. L Brands’ comps were flat. Costco’s comps increased by 8.3% year over year in July, beating the consensus estimate of 6.5%. Within foods and sundries, departments that recorded strongest comp growth were tobacco, liquor, and frozen foods. Comps for both hardlines and softlines grew in the mid- to high-single digits. L Brands’ comps were flat in July. Victoria’s Secret’s comps decreased by 4%, while Bath & Body Works’ were up 10% 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
Market Navigators/Market OutlookAthleisure Update – a Market in Transition Coresight Research August 13, 2018 Executive SummaryIn this report, we examine the US athleisure market, and discuss market size, growth rates, drivers and current trends. US sales of sportswear will total almost $116 billion this year, up 7% year over year. Apparel will account for $79 billion of that total and footwear for $37 billion. Sportswear is projected to grow at a 6.2% CAGR between 2017 and 2020. Sales of sports footwear are expected to grow slightly faster than sales of sports apparel. Athleisure is influencing traditional fashion categories such as denim and formalwear. Ministry of Supply and other startups are offering performance businesswear lines that appeal to millennials’ desire for comfortable, easy-care apparel. The sports footwear market is being buoyed by “sneaker culture” across market segments, from mass market to luxury. The sneaker trend is one of the most visible manifestations of the casualization of fashion, and it is fueling the outperformance of the sports footwear category. 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 UpdateAdidas (ETR: ADS) 2Q18 Results: Beats Expectations with Further Double-Digit Revenue Growth and Solid Gross-Margin Gains Coresight Research August 10, 2018 Executive Summary Adidas grew 2Q18 revenues by 10% year over year at constant currency, with revenues, EBIT and net profit all coming in ahead of consensus. Management noted that the company’s significant gross-margin uplift reflected the “quality” of its revenue growth. Management reiterated its guidance for FY18: the company expects to grow sales by approximately 10% at constant currency and to increase its operating margin by between 0.5 and 0.7 percentage points. 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
Analyst CornerWeinswig’s Weekly August 10, 2018 Coresight Research August 10, 2018 Executive SummaryAugust 10, 2018 This week’s note “From the Desk of Deborah Weinswig” discusses five reasons we’re optimistic about this year’s back-to-school shopping season. Malls are now being repurposed as startup incubation hubs. Mall operators are teaming up with startup programs to offer startups coworkingspaces, networking and mentorship possibilities. UK retail sales grew by6% year over year in July,fueled largelyby a consistently warm summer and food and drink sales.Sales growth inJulywasbelowthe three-monthaverage of 2.7%. Walmart is planning to increase its headcount by 1,000 in India to drive technology development and maintenance in the country and to hold off competition from e-commerce rival Amazon. 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 32: National Stores and Brookstone the Latest Casualties Coresight Research August 10, 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. Year-to-date 2018, the number of US store closure announcements stands at 4,379 and the number of store openings is 2,239. National Stores has filed for bankruptcy and will close 74 stores. Mattress Firm is considering store closures and bankruptcy. Brookstone has filed for bankruptcy and will close 101 stores. Gump’s has filed for bankruptcy. Year to date in the UK, there have been 1,215 store closure announcements and 639 store opening announcements. Homebase will reportedly close around 60 stores. Urban Outfitters will open two stores in November. JD Sports is opening a store in Leeds and Netherfield. Hobbs is seeking 15 new 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
Event Presentation2Q2018 Recap and Back-to-School Outlook (Planalytics) Coresight Research August 9, 2018 Executive SummaryAGENDA Macro Backdrop Update 2Q18 Retail Update 2018 Back-to-School Outlook: Solid Forecast, Online Stores Surge 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 UpdateMichael Kors (KORS) Fiscal 1Q19 Results: Company Beats Expectations and Raises Guidance Coresight Research August 9, 2018 Executive Summary Michael Kors reported fiscal 1Q19 revenues of $1.20 billion, up 26.3% year over year and above the consensus estimate of $1.14 billion. Diluted EPS was $1.22, up 52.5% from the year-ago quarter and above the consensus estimate of $0.94. Comparable sales increased 0.2%, with positive performance in the Americas and Asia, partially offset by declines in Europe. Michael Kors raised its full-year earnings guidance per share by $0.25 to $4.90–$5.00. For the full year, the company expects total revenues to be $5.125 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
Company Earnings UpdateZalando (XTRA: ZAL) 2Q18 Results: Slowing Growth and Rising Costs Prompt Lower Full-Year Guidance Coresight Research August 8, 2018 Executive Summary In 2Q18, Zalando grew revenues by 20.9% year over year, but undershot expectations on revenues and EPS. Greater discounting negatively impacted the gross margin, while an increase in fulfillment costs and investments in services for customers prompted a year-over-year erosion in the EBIT margin. Management adjusted its guidance for FY18, stating that it expects full-year revenue growth to be in the lower half of its of previously stated 20%–25% target range. Guidance for FY18 adjusted EBIT was similarly lowered. 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
