Insight ReportQuick Take: Three Shifts in the US Beauty Market—Opportunities and Implications Coresight Research July 26, 2018 Executive SummaryAhead of the Cosmoprof North America 2018 conference, which begins July 29, we assess three key developments in the US beauty market. The Korean-beauty (K-beauty) product craze may have already peaked, and consumers are turning their attention to skincare brands and regimes from Japan. Any sustained shift in consumer interest from K-beauty to J-beauty would suggest a change in acquisition targets and slower, more quality-focused product innovation cycles. Within the men’s grooming market, the beauty categories that male consumers have adopted more recently, such as skincare, are the categories that are growing the fastest. The progressive adoption of beauty products by men in recent years, coupled with younger consumers’ different attitudes about male beauty categories, suggests that sales of selected “low-profile” men’s color cosmetics that offer corrective enhancements could grow significantly in the near term. Social media influencers look set to entrench their strong positions as endorsers of beauty products. In the luxury market, the growing spending power of younger generations, which have grown up with social media, will likely prompt greater collaboration between upscale beauty brands and influencers. 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 CoverageHBC Reports Beauty Is a Success Beyond the First Floor and other Takeaways from The Retail Design Institute (RDI) Panel Coresight Research July 26, 2018 Executive SummaryCoresight Research recently attended a panel discussion hosted by the Research Design Institute (RDI), “Changing the Blueprint: the Department Store in 2019,” in New York City. The panel was sponsored by 24 Seven, Benjamin Moore and Highland Associates. Roe Palermo, Divisional Vice President of In-store Presentation for Lord & Taylor and Saks Off 5th, moderated the panel discussion which covered themes such as department store design and renovation, investment, measuring store experiences and favorite projects. Here, we share our top takeaways from the event: The Saks Fifth Avenue beauty department is a success beyond the first floor of the department store, seeing double-digit growth. Hudson’s Bay Company (HBC) is leveraging US retail to move quickly into Europe, building 13 stores within 12 months. Keeping retail relevant requires looking at space with different points of view. 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 ReportCoresight Research Countdown to 11.11 Series #1: Steep Discounts in Auto Parts Lifestyle Festival; Innisfree Unveils a New Retail Store Coresight Research July 26, 2018 Executive SummaryThis is the first in our series Countdown to 11.11. Also known as Double 11 or Singles’ Day, 11.11 is a now famous shopping festival started by Alibaba that takes place on November 11. This report series will cover the various shopping festivals and developments in New Retail that take place between now and November 11. When it comes to online shopping festivals in China, the first one that comes to mind is the Double 11 Shopping Festival. The success of the first-ever 11.11 event, led to many more shopping festivals held throughout the year. Alibaba’s latest shopping event is the Auto Lifestyle Festival on July 23–25, a promotional activity for auto parts products, with discounts as steep as 80% on offer. Next on the calendar is Alibaba’s 88 Members Festival held August 1–8, which features exclusive discounts on products for its 88 Members, a gala performance and VIP shopping sessions for members. Korean cosmetics brand Innisfree and Alibaba’s Tmall have teamed up and transformed a store in Hangzhou into a New Retail concept store—Innisfree x Tmall store—replete with New Retail technologies where customers get a feel for the Innisfree brand through games, entertainment, education and personalized offerings. 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 UpdateLVMH (ENXTPA: MC) 1H18 Results: Asia’s Shoppers Drive Another Standout Performance Coresight Research July 25, 2018 Executive Summary LVMH reported a stellar first half, with double-digit revenue growth, strong gross-margin gains and controlled increases in expenses resulting in a 29% jump in operating profit. The company’s Fashion and Leather Goods business drove growth, with revenues up 15% on comparable terms. The company noted strong demand from Asia in a number of its divisions. For FY18, consensus calls for LVMH to grow revenues by 8.5% and EBIT by 14.6%, and to report diluted EPS of €11.70, which would be a 14.9% year-over-year increase. 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 CoverageE-Commerce Opportunities in China: A Discussion with Alibaba and Coresight Research Coresight Research July 25, 2018 Executive SummaryOn Tuesday, Coresight Research attended a Council of Fashion Designers of America (CFDA) event cohosted by Chinese e-commerce giant Alibaba. After a presentation by Alibaba France Managing Director Sébastien Badault, Coresight Research CEO and Founder Deborah Weinswig spoke with Badault and Andreas Schulmeyer, Founder and Principal, Faultline Solutions, about the unique nature of the Chinese market and consumer. The three also discussed opportunities and strategies for brands looking to enter the Chinese e-commerce market. Here, we share our takeaways from the event. Chinese consumers rely heavily on e-commerce to purchase almost every kind of product, and with only half of the Chinese population connected to the Internet, there is ample room for growth. E-commerce is the door to all Chinese retail, and establishing a store on Alibaba’s Tmall marketplace is crucial. Tmall stores reach consumers in all parts of China and are the most popular shopping destinations in the country. Collaboration is key when entering the Chinese market. It’s vital for brands to work with Tmall and companies such as Coresight Research, which can help guide them through the process of entering the Chinese market. Replicating American strategies in China just doesn’t work. While shopping in the US has become largely a chore, shopping in China is an enjoyable experience. Brands in China tend to use innovative marketing, including key opinion leaders/influencers, to build excitement around their products. 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 ReportChina Tech Briefings: Alibaba Invests in Chinese Outdoor Marketing Firm Focus Media Coresight Research July 25, 2018 Executive Summary Alibaba Group has invested $2.2 billion in Focus Media, China’s largest outdoor marketing company. Focus Media will draw on Alibaba’s strengths in New Retail infrastructure and big data analytics to foster highly accurate targeted advertising. Alibaba will leverage Focus Media’s outdoor marketing strength to enhance its offline advertising capacity, including providing new channels to brands and merchants that sell through its e-commerce platforms. 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 ReportRetail-Tech Alliances: Why Walmart Is Collaborating with Microsoft, and Carrefour with Google, on Retail Digitalization Coresight Research July 24, 2018 Executive SummaryTwo retail-tech collaborations have been recently announced, one between US retail giant Walmart and US technology giant Microsoft and another between leading French retailer Carrefour and US technology leader Google. In this report, we analyze: How the two retailers aim to improve operations and the customer shopping experience by introducing new technologies through their respective collaborations with Microsoft and Google. Why it is important for Walmart and Carrefour to collaborate with external technology partners as they work to compete with ever-expanding e-commerce giant Amazon. How the need to reduce costs is driving the application of new technologies in retail and how retailers are using other strategies, such as purchasing alliances, to cut costs and increase operational efficiency. 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 ReportInnovator Intelligence: Radius8—In-Store and Digital Experiences Powered by Local Demand Coresight Research July 24, 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. Radius8 has created a platform that empowers retailers to dynamically merchandise online by using data on their physical stores and local market intelligence to provide contextual discovery for shoppers, which ultimately drives both online conversion and store foot traffic. Mass store closures, soaring online sales and changing shopper expectations testify to the rapidly shifting nature of retail. At the same time, many traditional retailers are underleveraging their brick-and-mortar stores, despite the fact that physical stores still account for the majority (~80%) of sales and have lower customer acquisition costs and higher customer lifetime value than online stores. The Radius8 localization cloud collects data on local browsing behaviors, weather, store inventories, events, geolocation, time of day, social trends and in-store sales trends, then leverages analytics on these data. The platform identifies differences between store locations and shoppers’ proximity to stores, providing retailers with insights on local in-store and online buying trends that enable them to offer more relevant and engaging experiences across physical and digital channels. Radius8’s Pre-Shop and Smartbars tools enable retailers to provide dynamic, store-powered catalog pages on specific website pages, such as store search engine optimization (SEO) pages and store locator pages, to connect with shoppers during the pre-shopping experience. The tools allow consumers to view inventory available in local stores, reserve products for pickup and receive localized product recommendations. National retailer Guess implemented Radius8’s Smartbars on its store SEO pages, and claims that it saw increased click-through rates and greater average order value (AOV), while recording a rapid ROI. Radius8 provides two core feature sets: store-centric online experiences and digital-centric in-store experiences that are based on local digital demand. These experiences are rapidly becoming table stakes to meet rising consumer expectations. 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 Rise of the Unstaffed C-Store: Disruptive Technologies, Increased Efficiencies and the Future of the C-Store Channel Coresight Research July 23, 2018 Executive SummaryAutomated, unstaffed convenience stores (c-stores) are popping up in many of the most dynamic retail markets around the world, especially in Asia. In this report, we examine the rise of this retail format and provide: An overview of the unstaffed c-store ecosystem, which encompasses tech startups, retailers, and food and drink manufacturers. We also look at selected companies that are operating unstaffed c-stores in China and South Korea. An analysis of the tech enablers and business drivers that are encouraging companies to open unstaffed c-stores and their impact on the larger c-store channel. Our view of the role that unstaffed stores will play in c-store retail and companies’ multichannel strategies in the future. 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 UpdateVF Corporation (VFC) 1Q19 Results: Strong Vans Revenues, Increases Guidance Coresight Research July 23, 2018 Executive Summary VF Corporation reported 1Q19 adjusted EPS of $0.43, above the consensus estimate of $0.33. Revenues were $2.79 billion, beating the consensus estimate of $2.68 billion. During the quarter, direct-to-consumer revenues increased 22%, up 20% in constant dollars, and digital revenues increased 54%, up 50% in constant dollars. VF Corporation raised its EPS guidance range by 12%–14% to $3.52–$3.57. The company raised its full-year revenue guidance 10%–11% to $13.6–$13.7 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
Event CoverageXRC Labs Cohort 6 Launch Day: Hearing from Startups Improving the Customer Experience and Supporting Better Decision Making Coresight Research July 20, 2018 Executive SummaryThe Coresight Research team attended XRC Labs’ Cohort 6 Launch Day event in New York City on July 17 at the Parsons School of Design. Pano Anthos, Founder and Managing Director of XRC Labs, kicked off the event discussing how the store, as a format, is going through an evolution, and that retail is in a dramatic state of change. The sixth cohort included a mix of startups in the e-commerce, retail, design, interactive tech and digital marketing sectors. The eight startups participating provide solutions designed to analyze data for better decision making and to improve the customer experience. The companies that took part in the Demo Day included: Curie, Fabulyst, LuvThat, Plannista, RELOVD, RetailDeep, Simplista and VisuWall. 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 Jul 20, 2018 Coresight Research July 20, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses Amazon’s efforts to create a network of independent, affiliated delivery companies. In the first quarter of 2018, of just over $1.2 trillion in total retail sales, e-commerce accounted for only $114 billion, or 9.3%. E-commerce sales are projected to surpass 10% of overall retail sales in the fourth quarter of 2018. British retail footfall fell 0.9% in June, according to figures from Springboard and the British Retail Consortium (BRC). Shopping centers and retail parks saw footfall drop 3.4% and 0.4%, respectively, in June, while high-street footfall slid 0.1%. Ele.me, a food delivery app recently acquired by Alibaba, announced that it would expand in the already competitive food delivery business in China. The company will compete with Meituan-Dianping, China’s on-demand-service provider. 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: Radius8—In-Store and Digital Experiences Powered by Local Demand Coresight Research July 20, 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. Radius8 has created a platform that empowers retailers to dynamically merchandise online by using data on their physical stores and local market intelligence to provide contextual discovery for shoppers, which ultimately drives both online conversion and store foot traffic. Mass store closures, soaring online sales and changing shopper expectations testify to the rapidly shifting nature of retail. At the same time, many traditional retailers are under leveraging their brick-and-mortar stores, despite the fact that physical stores still account for the majority (~80%) of sales and have lower customer acquisition costs and higher customer lifetime value than online stores. The Radius8 localization cloud collects data on local browsing behaviors, weather, store inventories, events, geolocation, time of day, social trends and in-store sales trends, then leverages analytics on these data. The platform identifies differences between store locations and shoppers’ proximity to stores, providing retailers with insights on local in-store and online buying trends that enable them to offer more relevant and engaging experiences across physical and digital channels. Radius8’s Pre-Shop and Smartbars tools enable retailers to provide dynamic, store-powered catalog pages on specific website pages, such as store search engine optimization (SEO) pages and store locator pages, to connect with shoppers during the pre-shopping experience. The tools allow consumers to view inventory available in local stores, reserve products for pickup and receive localized product recommendations. National retailer Guess implemented Radius8’s Smartbars on its store SEO pages, and claims that it saw increased click-through rates and greater average order value (AOV), while recording a rapid ROI. Radius8 provides two core feature sets: store-centric online experiences and digital-centric in-store experiences that are based on local digital demand. These experiences are rapidly becoming table stakes to meet rising consumer expectations. 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 July 20, 2018 Coresight Research July 20, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses Amazon’s efforts to create a network of independent, affiliated delivery companies. In the first quarter of 2018, of just over $1.2 trillion in total retail sales, e-commerce accounted for only $114 billion, or 9.3%. E-commerce sales are projected to surpass 10% of overall retail sales in the fourth quarter of 2018. British retail footfall fell by 0.9% in June, according to figures from Springboard and the British Retail Consortium (BRC). Shopping centers and retail parks saw footfall drop by 3.4% and 0.4%, respectively, in June, while high-street footfall slid 0.1%. Ele.me, a food delivery app recently acquired by Alibaba, announced that it would expand in the already competitive food delivery business in China. The company will compete with Meituan-Dianping, China’s on-demand-service provider. 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 29: Poundworld to Close All Stores Coresight Research July 20, 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. Year to date in the UK, there have been 1,192 store closure announcements and 635 store opening announcements. Poundworld is to close all 335 stores in the UK by August 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
