Flash ReportQuick Take: Prime Members Drive Amazon Sales Across All Categories Coresight Research April 10, 2018 Executive SummaryThis brief report looks at the results of our recent survey which asked US consumers what they had bought on Amazon in the past year. We split out Amazon Prime members to chart how significant these shoppers are to Amazon’s overall shopper penetration. Prime members drive Amazon’s shopper numbers. In all categories, Prime members are more than twice as likely as nonmembersto be buying on Amazon. The gap between shopper numbers for Prime members and nonmembers is greatest in food and drink, a nontraditional category for Amazon. Prime members are nearly five times as likely to buy the category on Amazon than those without Prime are. Other nontraditional Amazon categories such as health products, furniture and clothing overindex very strongly among Prime members, too. 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-China Tariff War: Legacy US Apparel Retailers Look Vulnerable to Further Escalation Coresight Research April 9, 2018 Executive Summary The US-China trade conflict is intensifying. On Thursday, April 5, US President Donald Trump stated that the US is considering tariffs on a further $100 billion of imports from China. The tariffs imposed by the US and China have so far been largely restricted to industrial goods, components and automobiles. Import tariffs on selected US food products by China are an exception. A significant risk to US retailers’ margins is the possibility of tariffs on apparel and footwear imported from China. Some 37% of US apparel and textile imports came from China in 2017. In footwear, China accounted for 56% of US imports last year. We think that the highly competitive nature of the US apparel and footwear market would force many midmarket retailers to absorb much of the additional cost if the US were to impose tariffs on apparel and footwear imports from 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
Analyst CornerWeinswig’s Weekly April 06, 2018 Coresight Research April 6, 2018 Executive SummaryApril6, 2018 This week’s note “From the Desk of Deborah Weinswig” discusses how brick-and-mortar stores are set to lead the battle for millennial, multichannel grocery shoppers. Walmart and insurer Humana are reportedly discussing how to strengthen their ties in ways that would drive more traffic to Walmart’s 4,700 US stores while increasing Humana’s enrollment. French retailer Groupe Casino announced a strategic purchasing partnership with Auchan. The new deal enables Casino and Auchan to jointly negotiate purchases from French and international food and nonfood suppliers. As it steps up efforts to expand in China’s fast-growing market for local delivery of food and other services, Alibaba Group is buying full control of startup Ele.me at an enterprise valuation of $9.5 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
Store TrackerWeekly Store Openings and Closures Tracker 2018, Week 14: Island Pacific to Close Six Stores; Toys“R”Us Shuts Down Its E-Commerce Operations Coresight Research April 6, 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 3,264 and the number of store openings is 1,699. Island Pacific is closing six stores in California. Toys“R”Us has shut down its e-commerce operations. Walmart is reportedly considering acquiring online pharmacy startup PillPack. Year to date in the UK, there have been 221 store closure announcements and 491 store opening announcements. 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 CoverageShoptalk 2018: Conference Wrap-Up Coresight Research April 5, 2018 Executive SummaryThe Coresight Research team recently attended the Shoptalk 2018 conference in Las Vegas. Here, we wrap up our top 10 takeaways from the event, which include the following: Retailers are providing new automated checkout services that enable self-scanning and payment by mobile app or facial recognition. Grocery may be the next retail sector to be disrupted by e-commerce. Augmented reality (AR), virtual reality (VR) and product visualization are set to transform fashion and retail. Shoppers are embracing products and brands that reflect their unique preferences and values, contributing to the growth of direct-to-consumer (DTC) and niche brands. Startups are improving supply chains and logistics through innovation. Social media platforms are expanding retail-specific advertising capabilities. Voice-activated assistants are changing the way consumers interact with brands and enabling discovery and commerce. 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 ReportAlibaba Takes Control of Food Delivery Startup Ele.me Coresight Research April 5, 2018 Executive Summary Alibaba announced on April 2 that it will acquire Shanghai-based online delivery and local services platform Ele.me in a transaction that values the company at US$9.5 billion. Alibaba will integrate Ele.me into its existing infrastructure to bring new synergies and add further momentum to its New Retail initiative. The acquisition of Ele.me will allow the company to leverage Alibaba’s resources to compete with Meituan Dianping, its major rival in the online food delivery market. 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 ReportQuick Take: Beauty Proves to Be a Bright Spot for US Department Stores Coresight Research April 4, 2018 Executive Summary In the US, beauty is a higher-growth market than apparel, and a number of department store chains are making efforts to tap demand for categories such as skin care and color cosmetics. In 2016, department stores’ physical shops accounted for $8.4 billion, or around 10%, of beauty and personal care sales, according to Euromonitor International. Both these figures would be slightly higher if we included online sales. Macy’s is by far the most-shopped department store for the core skin care and cosmetics category, according to survey data from Prosper Insights & Analytics. Quality, choice and location are the top reasons why Macy’s most-loyal beauty shoppers choose to buy from the retailer. Macy’s is bringing its Bluemercury beauty-store format to more stores and is set to launch a beauty box service this spring. JCPenney is set to bring Sephora to 30 more stores and remodel 100 in-store salons this year. 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 ReportWalmart and Humana Reportedly Talking About a Possible Tie-Up Coresight Research April 3, 2018 Executive Summary In recent days, a number of major news outlets have published stories about Walmart and Humana possibly being in talks about a partnership, outright acquisition, investment or some other kind of tie-up. If Walmart were to acquire Humana, it would provide Walmart with several benefits, including increased customer traffic and a closer relationship with Medicare users—particularly seniors—as well as access to a wealth of data that the combined companies would generate. The companies have made no public announcement about a deal, and any partnership or tie-up could take a number of forms. The talks could also fall through prior to the companies reaching any agreement. Amazon’s anticipated entry into the pharmacy space has likely hastened several other retailer-healthcare company mergers, including the recent CVS Health-Aetna and Cigna-Express Scripts deals. 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 PresentationNew Retail Inspirations – What We Can Learn from the East Coresight Research March 30, 2018 Executive SummaryAGENDA Introduction New Retail What We Can Learn from the East The New World of AI New Inspirations 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 March 30, 2018 Coresight Research March 30, 2018 Executive SummaryMarch 30, 2018 This week’s note “From the Desk of Deborah Weinswig” discusses what makes shopping unique in China and how Chinese shoppers’ habits differs from those of their Western counterparts. Brookfield Property Partners has agreed to buy fellow mall developer GGP for $9.25 billion in cash, Brookfield said on Monday in a press release. After months of speculation about the future of Finish Line, the retailer is selling itself to European athletic retail giant JD Sports Fashion in a $558 million deal at a price of $13.50 per share in cash. FIT Hon Teng, part of contract manufacturing giant Foxconn, has agreed to buy Belkin, the latest move by billionaire Foxconn founder Terry Gou to expand in branded goods. 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 13: All 94 Aaron Brothers Stores to Close; Jet.com Gets New President Coresight Research March 30, 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 3,258 and the number of store openings is 1,699. The Michaels Companies plan to shut down all 94 Aaron Brothers stores. Walmart has named grocery veteran Simon Belsham as the new President of Jet.com. Brookfield Property Partners and GGP will merge in a $9.25 billion deal. Year to date in the UK, there have been 221 store closure announcements and 491 store opening announcements. 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 UpdateWalgreens Boots Alliance (WBA) Fiscal 2Q18 Results: Beats Consensus Estimates and Raises Annual EPS Guidance Coresight Research March 29, 2018 Executive Summary Walgreens Boots Alliance reported fiscal 2Q18 adjusted EPS of $1.73, handily beating the $1.55 consensus estimate and up 27.1% year over year. Revenues were $33.02 billion, up 12.1% year over year and beating the consensus estimate of $32.20 billion. Comps for the Retail Pharmacy USA business increased by 2.4%, while Retail Pharmacy International comps decreased by 1.7% and Pharmaceutical Wholesale comps increased by 3.4%. The company raised its FY18 EPS guidance to $5.85–$6.05 from $5.45–$5.70 previously. The guidance range is above the $5.79 consensus estimate. 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 UpdateRestoration Hardware (RH) 4Q17 Results: Beats EPS Estimate, Guides Up for FY18 Coresight Research March 29, 2018 Executive Summary Restoration Hardware reported 4Q17 adjusted revenues of $669.7 million, up 13.5% year over year but below the $672.4 million consensus estimate. Adjusted EPS was $1.69, above the $1.56 consensus estimate and up from $0.68 in the year-ago quarter. Comp sales were up 2%, topping the 18% decline reported in the year-ago quarter, yet below the 7% consensus estimate. The company expects FY18 adjusted EPS of $5.45–$6.20, versus the consensus estimate of $5.56. Revenues are expected to be $2.53–$2.57 billion, representing growth of 5%–7% and versus the $2.59 billion consensus estimate. 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) 4Q17 Results: Company Beats Expectations, Offers Outlook Above Consensus Coresight Research March 29, 2018 Executive Summary PVH reported 4Q17 total revenues of $2.50 billion, up 18.6% year over year and beating the $2.35 billion consensus estimate. Adjusted EPS was $1.58, above the consensus estimate of $1.47 and up 28.5% from the year-ago quarter. For the quarter, comparable-store sales increased 4% for Calvin Klein International, 6% for Tommy Hilfiger and 1% for Heritage Brands. The company announced its full-year 2018 revenue guidance for a 7% increase, implying a target of $9.50 billion (approximately 4% on a constant-currency basis) compared to the consensus estimate of $9.25 billion and to 2017’s revenue total of $8.90 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 ReportEaster Spending Forecast to Hit $18.2 Billion This Year, the Second-Highest Total in NRF Survey History Coresight Research March 28, 2018 Executive Summary According to an annual spending survey from the National Retail Federation (NRF) and Prosper Insights & Analytics, 81% of Americans plan to celebrate Easter this year and to spend a total of $18.2 billion on items related to the holiday, down slightly from last year’s record total of $18.4 billion. Americans are expected to spend an average of $150 per person on the holiday this year, down from $152 per person last year. The survey found that 89% of respondents plan to purchase candy, while 87% expect to buy Easter-themed food, 61% gifts, 48% clothing, 42% decorations and 39% flowers. 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
