Event Coverage“Clean and Green Reigns Supreme” and Our Top Beauty Trends from Cosmoprof North America 2018 Coresight Research August 8, 2018 Executive SummaryThe Coresight Research team attended Cosmoprof North America 2018 in Las Vegas from July 28 to July 31, where our CEO and Founder, Deborah Weinswig, presented during a panel session called “Rise of Pop-Ups (Pop-Up Push).” Cosmoprof is the leading B2B beauty trade show in North America, drawing over 33,000 attendees and 1,015 exhibitors from 39 countries. Here we share the key beauty trends from the event: Functional skincare was the main focus at Cosmoprof 2018; there was very little buzz about traditional color cosmetic products at the show. The clean and “free-from” beauty category is trending upward across skincare and haircare products. An anti-Amazon sentiment among brands seemed to pervade at the conference, due to the presence of counterfeits and the lack of brand protection. There was a lot of conversation about cannabis beauty products at Cosmoprof, although very few products containing cannabidiol (CBD), a compound found in the cannabis plant, were actually on display. High-performing, plant-based skincare products are growing in popularity. 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 DiveUS Back-to-School 2018 Digital Trends: Shoppers Turn from Social Media to M-Commerce Coresight Research August 8, 2018 Executive SummaryThis is the second report in our US Back-to-School series for 2018. Here, we review the digital trends that we expect to see this back-to-school shopping season. Social media is losing its influence over back-to-school shoppers. Fewer consumers plan to use it in their shopping for this season. Retailers continue to push their campaigns, incorporating more content from unpaid customers who seem authentic and reach a market beyond the stores’ follower bases. Well over half of back-to-school shoppers will buy online this year, with survey data suggesting that we will see a big year-over-year leap in online shopper numbers. We expect m-commerce to drive growth in online retail sales as consumers seek out convenient ways to shop. Voice assistants are likely to be used more for research than for purchase and will complement shoppers’ use of other channels this back-to-school season. 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 Coverage“Cannabis Will Be Like Lavender in Five Years,” and Other Top Takeaways from Cosmoprof North America 2018 Coresight Research August 7, 2018 Executive SummaryLast week, the Coresight Research team was in Las Vegas to attend Cosmoprof North America 2018, where our CEO and Founder, Deborah Weinswig, presented at a panel session called “Rise of Pop-Ups (Pop-Up Push).” Cosmoprof is the leading B2B beauty trade show in North America, drawing over 33,000 attendees and 1,015 exhibitors from 39 countries. Here are our key takeaways from the third day of the event: Cosmoprof created “Discover Green,” a floor space dedicated to green, eco-friendly, clean, organic and natural products in beauty, showcasing innovative ideas from beauty marketers in the growing environmentally-conscious market. High-performing plant-based skincare products are on the rise. Beauty brands are creating solutions to reduce the waste of resources and damage to the environment; the brand Reise is using packaging that replaces plastics with rice bran. Beauty brands are becoming more innovative with natural ingredients, using never-heard-of before ingredients to solve consumer problems. There was a lot of conversation about cannabis beauty products, although very few products containing CBD were actually at the show. 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 ReportInnovator Intelligence: Inspectorio—Building a Digital Ecosystem Through AI to Improve Quality Control and Compliance Monitoring Coresight Research August 7, 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. Inspectorio is a technology startup that offers a solution to improve supply-chain inspections, by digitalizing the quality control and compliance monitoring processes across the apparel, accessories and footwear supply chain using mobile, web and artificial intelligence (AI) technologies. The company offers a cloud-based web and mobile Software-as-a-Service platform (SaaS) that allows retailers, brands, vendors and factories to improve supply-chain efficiency, visibility and productivity. Inspectorio’s technology is used by more than 2,800 organizations participating in supply-chain ecosystems of the world’s largest retailers, brands, vendors and factories. Supply-chain inspections—i.e., quality control and compliance monitoring— still largely rely on inefficient manual paper-based processes. However, more and more companies are recognizing the need to invest in digital systems to improve their operations, leaving behind those that fail to innovate. Inspectorio is planning to expand its platform capabilities to include production tracking, responsible sourcing verification and to integrate Internet of Things (IoT) for the verification of manufacturing locations. 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 ReportWhat Retailers Can Learn from the “Big Three” Shopping Festivals: An Opportunity for More Business,the Importance of Collaboration and Efficient Operations Coresight Research August 7, 2018 Executive SummaryEvery year, the popularity of the annual online shopping festivals of Internet giants Amazon, Alibaba and JD.com increases. Prime Day, Singles’ Day and 618 have all become very large events that have a significant impact not only on the retail industry as a whole, but also on the organizers and participating brands and retailers. This report highlights three key learning points for brands and retailers: The online shopping festivals represent huge opportunities for retailers and brands to raise their visibility and to increase conversion, whether they are participating directly in the shopping festival or are simply running concurrent promotions. For the participating brands and retailers, increased collaboration with the Internet giant running the festival is crucial to maximize visibility and to ensure they are not overshadowed by the large number of deals offered by other participating retailers. Retailers need to be able to accommodate the extra traffic generated during the shopping festival by investing in their IT and logistics infrastructure. 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 ReportKaola Forms Strategic Partnership with Beiersdorf Coresight Research August 6, 2018 Executive Summary Kaola, China’s leading cross-border e-commerce platform, announced a strategic partnership with German skincare company Beiersdorf—the maker of Nivea skin care products. As part of its focus on bringing more European brands to China, the partnership will help Kaola expand its current brand offering to Chinese customers, while Beiersdorf will gain access to the growing cross-border e-commerce market in China. Having a direct procurement and export model, together with offices overseas, helps Kaola ensure the quality of the products it imports, giving customers peace of mind. Not only is the company continuing to add brands to its product portfolio, in April, it also launched its first offline cross-border e-commerce store in Hangzhou. 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 ReportThe Rise of Pinduoduo: Rapid Growth Leveraging Social E-Commerce Coresight Research August 6, 2018 Executive Summary Pinduoduo, roughly translated as “buy more together,” is the fastest-growing app for social e-commerce in China. It enables users to receive steep discounts of as much as 90% off on certain products if they invite enough friends to buy together. This feature has made it popular amongst budget shoppers in lower-tier cities in China, and the app is scaling up rapidly. In less than three years, Pinduoduo has grown to take 5.2% share of the e-commerce market in China (latest as of April 2018), according to eMarketer. Pinduoduo’s business model is attractive to consumers in lower-tier cities who are price-sensitive and looking for a bargain. We view the expected growth in spending through to 2030 in lower-tier cities, where Pinduoduo is popular, as a major growth driver for the company 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 August 3, 2018 Coresight Research August 3, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses recent partnerships between retailers and tech companies. Amazon reported second-quarter profit of $2.53 billion for the three months ended June 30. An analyst commented that “the bigger story coming out of earnings is the significant margin expansion being driven by the acceleration in the cloud and advertising businesses.” British retailer M&S and technology education provider Decoded have partnered to launch M&S Data Academy, an initiative aimed at familiarizing employees with technologies such as artificial intelligence and machine learning. Alibaba’s Ele.me meal delivery app has partnered with Starbucks to provide on-demand coffee delivery in China. 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 UpdateClorox (CLX) Fiscal 4Q2018 Results: Company Beats on Earnings, Misses Revenue and Raises Guidance Coresight Research August 3, 2018 Executive Summary Clorox reported fiscal 4Q18 revenues of $1.69 billion, up 2.7% year over year and below the consensus estimate of $1.72 billion. Diluted EPS was $1.66, up 9.2% from the year-ago quarter and above the consensus estimate of $1.58. Two out of the four business units showed positive sales growth for the quarter. Cleaning sales grew by 3%, while lifestyle sales grew by 21%—driven primarily by the Nutranext acquisition—while household sales were down by 3% and international sales were down by 2%. Clorox provided fiscal year 2018 sales guidance of sales to be up 2%–4%, up from 3% in 3Q18 and raised the EPS to $6.32–$6.52, up from $6.15–$6.30 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 UpdateBaidu (BIDU) 2Q18 Results: Modest Revenue Growth, DuerOS Sees Bigger Installation Base Coresight Research August 3, 2018 Executive Summary Baidu reported 2Q18 non-GAAP diluted earnings per ADS of ¥21.06, up from ¥13.58 in 2Q17. Revenues for the quarter reached ¥26.0 billion ($3.93 billion), up 24.4% year over year. The Baidu app reached 148 million daily active users in 2Q18, an increase of 17% year over year. The DuerOS installation base reached 90 million devices and voice queries surpassed 400 million. Management expects the topline for 3Q18 to be in the range of ¥37–¥28.77 billion ($4.02–$4.23 billion), representing a year-over-year increase of 23%–30%. 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 (AVP) 2Q18 Results: Misses Consensus Estimates, Big Plans for the Second Half Coresight Research August 3, 2018 Executive Summary Avon Products reported 2Q18 adjusted EPS of $(0.02), missing the breakeven consensus estimate. Revenues were $1.35 billion, down 3.2% year over year, missing the consensus estimate of $1.40 billion. Revenues in North and South America each grew 3% in constant currency. An accounting change helped total revenues by 4%. The company’s strategy centers on achieving profitable, sustainable topline growth by focusing on the experience and satisfaction of its representatives through enhanced training, as well as the expected launch of 200 products in the second half of the year. 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 31: Heritage Home Files for Bankruptcy Coresight Research August 3, 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 4,204 and the number of store openings is 2,239. Heritage Home has filed for bankruptcy. United Natural Foods will acquire SuperValu. Year to date in the UK, there have been 1,215 store closure announcements and 635 store opening announcements. Wyevale has sold eight garden centers to Blue Diamond. 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 ReportThe Off-Price Report: TJX Companies, Ross Stores and Burlington Stores Set for Sustained Growth…but at Whose Expense? Coresight Research August 2, 2018 Executive SummaryUS off-price market leaders TJX Companies (which operates the T.J. Maxx and Marshalls banners), Ross Stores (which operates the dd’s Discounts and Ross Dress for Less banners) and Burlington Stores are expected to grow fast in the next few years. Consensus estimates suggest that, in aggregate, these three retailers will add an additional $13 billion in annual US sales between 2017 and 2021, equivalent to a 27% uplift. In this report, we analyze cross-shopping data, consumer profiles and geolocation data to explore which apparel rivals could lose out as these off-pricers grow. Our cross-shopping and consumer profile data show that TJX shoppers differ significantly from those who shop at Ross Stores or at Burlington. TJX shoppers are more affluent, and they tend to cross-shop at different stores than do shoppers who buy from Ross Stores or Burlington. Target and Old Navy look set to face strong competition from TJX. Our consumer data show that T.J. Maxx/Marshalls shoppers cross-shop at Target and Old Navy at high rates. The demographic profiles of these three retailers’ shoppers are very similar, and a high proportion of Target’s and Old Navy’s store estates have a TJX store located nearby. Walmart could face challenges from Ross Stores and from Burlington. Ross Stores shoppers and Burlington shoppers tend to cross-shop for apparel at Walmart at high rates, and all three retailers register shoppers with below-average income levels. In relative terms, Walmart’s store estate faces limited exposure to Ross Stores and Burlington outlets, but in absolute terms, a large number of Walmart stores see local competition from these retailers. 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 CoverageBrands Think Alibaba Offers More Protection Against Counterfeiting than Amazon and Other Top Takeaways from Cosmoprof North America Coresight Research August 2, 2018 Executive SummaryThis week, the Coresight Research team attended Cosmoprof North America 2018 in Las Vegas, where our CEO and Founder, Deborah Weinswig, presented during a panel session called “Rise of Pop-Ups (Pop-Up Push).” Cosmoprof is the leading B2B beauty trade show in North America, drawing over 33,000 attendees and 1,015 exhibitors from 39 countries. Here are our key takeaways from the second day of the event: Cosmoprof created a live subscription box experience called “Boutique.” For a $10 donation to charity, participants could choose up to seven deluxe beauty products to fill a Boutique box. Amazon continued to be a focus of discussion on day two of Cosmoprof. Some brand executives were comparing Amazon with e-commerce giant Alibaba, suggesting that Alibaba is offering more brand protection against counterfeiting on its platforms than Amazon does. Approximately $22 billion is spent on pop-up retail experiences globally each year, according to market research firm PSFK. Gen Z beauty consumers want to shop in a free-form, open environment, without the help of a beauty advisor. Beauty brands are giving back. Cirem, a luxury skincare maker, is donating 10% of net sales to women in shelters and launched a “Share Your Beautiful Tour” in May 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
Company Earnings UpdateNext (LSE: NXT) 2Q18 Trading Update: Exceptionally Hot Summer Buoys Sales Growth Coresight Research August 2, 2018 Executive Summary British fashion retailer Next reported an increase of 2.8% in total full-price sales for the 12 weeks ended July 28, 2018. Next reported an increase of 4.5% in full-price sales in the first half. The company stated that an exceptionally hot summer helped it grow sales ahead of expectations in the second quarter. 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
