Insight ReportDigital Red Packets: WeChat’s Successful Foray into Mobile Payment Coresight Research March 28, 2018 Executive Summary Sending and giving red packets, or red envelopes, containing cash is a long-held Chinese tradition at Lunar New Year. Leveraging on this, WeChat, China’s most-used messaging app, introduced a function to send digital red packets back in 2014. Since then, WeChat’s digital red packets have become a huge success: 768 million WeChat users chose to send digital red packets to friends and families this year, and a recent survey found that about 80% of mainland Chinese said they intended to send red packets via WeChat Pay this year. Leveraging its success in digital red packets, WeChat has expanded its mobile payment functions to cover online and offline services, marking its successful foray into the mobile payment market with 39% market share. On the back of the popularity of its digital red packets,WeChat’s wide user base of over 1 billion monthly active users (MAU), as of February 2018, and strong user engagement, give it a competitive edge in the mobile payment market 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 UpdateH&M (STO: HM-B) 1Q18 Results: Cold Weather and Markdowns Hamper Sales and Profit Growth Coresight Research March 28, 2018 Executive Summary H&M reported a 5.8% decline in gross profit in 1Q18, yielding a 220-basis-point fall in the gross margin to 49.9%. Operating income fell by 62%, representing a contraction of 410 basis points in the margin to 2.6%. Diluted EPS was SEK 0.83 for 1Q18, above the SEK 0.66 consensus estimate, but down from SEK 1.48 in 1Q17. H&M noted that profit development in the quarter was stemmed by weak sales growth as well as by increased markdowns. Management expects sales from new brands and online sales in FY18 to grow by more than 25%. For the full year, the group expects to “achieve a somewhat better result” compared to FY17. 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 ReportWalmart’s Jet.com Appoints Tesco Veteran Simon Belsham as President Coresight Research March 27, 2018 Executive Summary Simon Belsham, a veteran of the UK online grocery industry, has been appointed President of Walmart-owned Internet pure play Jet.com. Belsham was previously CEO of British pure play NotOnTheHighStreet.com and has held senior positions at Tesco and Ocado. In announcing the appointment to employees, President and CEO of Walmart US E-Commerce Marc Lore pointed to Belsham’s“incredible experience in scaling grocery delivery.” 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 OutlookOpportunity in the US Plus-Size Apparel Market Coresight Research March 27, 2018 Executive SummaryThe women’s plus-size apparel market has been growing faster than the apparel market overall in the US, and analysts predict that the segment will continue to grow faster than the overall clothing market in coming years. American shoppers spent $21.4 billion on women’s plus-size clothing in 2016, according to The NPD Group. Consumer survey data indicate that more than a quarter of American women browse plus-size clothing. Newer retailers such as Torrid and Eloquii have emerged to serve younger and more style-conscious shoppers.Meanwhile, JCPenney has invested in its plus-size offering and Walmart is reportedly set to unveil a new, low-cost plus-size clothing brand of its own. According to data from the US Centers for Disease Control and Prevention, the obesity rate among American women ages 20 and over is approximately 38%. 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 ReportBeauty Tech Comes of Age Coresight Research March 27, 2018 Executive Summary L’Oréal announced that it is acquiring ModiFace, a Canadian company that creates augmented reality and artificial intelligence technologies for the beauty industry. L’Oréal showcased technology that personalizes serums and foundations at this year’s lifestyle SXSW festival in Austin, Texas, held annually in March. L’Oréal’s CUSTOM D.O.S.E personalized serum will be available at select dermatologists’ offices in the US in summer 2018. Neutrogena is set to launch a SkinScanner device and a Skin360 partner app this summer to deliver personalized skin analysis to its users. 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 ReportToys“R”Us Closures: Exclusive Coresight Research Survey Suggests Big Gains for Walmart and Target Coresight Research March 26, 2018 Executive SummaryToys“R”Us looks set to close all 800 of its US stores, following its bankruptcy filing. To assess which other toy retailers are likely to gain from the chain’s closure, we conducted a proprietary consumer survey among US toy shoppers. Toys“R”Us is in fourth place in the US toy retail market, as measured by number of shoppers. The chain’s closure will leave three US retail giants—Amazon, Walmart and Target—fighting it out for dominance of the toy retail market. Even though they are already among the top three toy retailers, Walmart and Target look set to punch above their weight in terms of gaining share from closed Toys”R”Us stores, as Toys“R”Us shoppers already browse and buy from them more often than average toy shoppers do. In addition, Amazon’s toy shopper numbers are dominated by Prime members. The site sees low numbers of toy shoppers who do not have a Prime membership. This suggests that Amazon may struggle to pick up large numbers of Toys“R”Us shoppers who do not have Prime memberships. Our survey data suggest that dollar stores, department stores, eBay and Costco could also benefit from Toys“R”Us closures. 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 ReportNext (LSE: NXT) FY18: In-Line Results, but Store Comp Decline of Almost 10% Weighs on Profits Coresight Research March 26, 2018 Executive Summary A near-10% decline in store-based comparable sales weighed on Next’s profits in FY18, ended January 2018. Total Next Group sales were down 1.0% year over. EBIT was down 8.2% and pretax profit was down 8.1% year over year. For FY19, Next expects to see total group full-price sales growth of 1.0%, fueled by Next Online full-price sales growth of 10.3%. But it is guiding for a further decline in pretax profits. 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 ReportMarks & Spencer Appoints Retail Veteran Stuart Machin as Managing Director of Food Coresight Research March 26, 2018 Executive Summary Marks & Spencer (M&S) announced that it has appointed retail veteran Stuart Machin to the newly created role of Managing Director of Food. Machin is currently Group CEO of Steinhoff UK. He previously held management positions at grocery chains Coles Supermarkets, Asda, Tesco and Sainsbury’s. Machin’s appointment will support M&S’s ambition to reposition its food business by offering lower prices, better availability and more products that families buy during their regular grocery shopping trips. 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 March 23, 2018 Coresight Research March 23, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” reviews the landscape of startups that are tackling the retail returns problem. Amazon has looked at the possibility of expanding its retail footprint by acquiring some locations from bankrupt Toys“R”Us. Supermarket group Spar has announced the formation of a new Greek entity, Spar Hellas, and plans to operate around 350 stores in Greece over the next four years. Alibaba is increasing its control of Southeast Asian e-commerce marketplace Lazada by injecting another $2 billion into the business and replacing its CEO with a long-standing Alibaba executive. 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 12: Toys“R”Us, Southeastern Grocers and Claire’s File for Bankruptcy Coresight Research March 23, 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 3,164 and the number of store openings is 1,699. Toys“R”Us files for Bankruptcy, closing 740 stores in the US. Southeastern Grocers plans to file for bankruptcy, closing 94 stores. Claire’s files for bankruptcy, closing 92 stores in the US. Signet Jewelers plans to close 200 stores this year. The Walking Company files for bankruptcy for the second time in 10 years. Year to date in the UK, there have been 221 store closure announcements and 491 store opening announcements. Dunnes Stores has pulled out of Scotland, closing all five shops. 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 ReportFebruary 2018 UK Retail Sales: Solid Growth Sustained Coresight Research March 23, 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 UK Retail Sales Report reviews the latest sector data published by the Office for National Statistics (ONS). Highlights from our February UK Retail Sales Report: UK retail sales grew by 3.4% year over year in February, level with the rate seen in January. Year-over-year volume growth nudged up from 0.6% in January to 0.8% in February. However, this volume growth was driven largely by Internet pure plays: store-based retailers saw negligible volume gains in February. 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 UpdateFive Below (FIVE) 4Q17 Results: Beats on Top and Bottom Lines, Announces Share Repurchase Coresight Research March 23, 2018 Executive Summary Five Below reported 4Q17 revenues of $504.8 million, up 30.1% year over year and beating the consensus estimate of $502.7 million. Diluted EPS was $1.21, beating the $1.16 consensus estimate. Comparable sales were up 5.9%, which was at the higher end of the company’s 4%–6% guidance range and slightly below the consensus estimate of 6.0%. For 1Q18, the company expects net sales of $290–$294 million, based on expected comp growth of 3%–4%. Five Below expects net income growth of 17.4%, to $18.8 million. The company expects EPS of $0.31–$0.34 for the quarter, based on 55.9 million diluted shares. 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 ReportFebruary 2018 US Retail Sales and Traffic Coresight Research March 23, 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 February Retail Traffic report: According to the US Census Bureau, US retail sales declined by 0.1% month over month in February on a seasonally adjusted basis, representing a three-month decline. Despite the decline, economists remain confident in consumer spending, citing the recent tax cut, strong housing market and healthy labor market as drivers. On a year-over-year basis in February, total retail sales increased by 4.0% and retail sales excluding autos increased by 4.4%. Seven out of 13 major store categories posted negative sales results compared with January.Sales at auto dealers and gas stations posted the biggest decline. 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 ReportShoptalk 2018: Day 4 Takeaways—Radical Retail, Anti-Amazon AI and Supply-Chain Startups Coresight Research March 22, 2018 Executive SummaryThe Coresight Research team is in Las Vegas this week, attending and participating in the Shoptalk 2018 conference held March 18–21. In this report we share our key takeaways from the fourth day of the conference, which include: Alipay announced a partnership with Freedom Pay and First Data to bridge the international travel experience and serve the growing number of Chinese tourists visiting the US. Radical retail thinking requires being uncomfortable, feeling wrong and having “one foot in the boat and one on the dock,” according to Walmart’s incubator Store No. 8, Williams Sonoma and Home Depot. Albertsons is to launch a digital marketplace which allows vendors to sell direct to shoppers. Flexport and Optoro are startups that are transforming the supply chain and logistics industry. Tophatter—an AI retail startup that calls itself the anti-Amazon solution—is driving engagement, not 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
Event CoverageShoptalk 2018: Day 4 Takeaways—Radical Retail, Anti-Amazon AI and Supply-Chain Startups Coresight Research March 22, 2018 Executive SummaryThe Coresight Research team is in Las Vegas this week, attending and participating in the Shoptalk 2018 conference held March 18–21. In this report we share our key takeaways from the fourth day of the conference, which include: Alipay announced a partnership with Freedom Pay and First Data to bridge the international travel experience and serve the growing number of Chinese tourists visiting the US. Radical retail thinking requires being uncomfortable, feeling wrong and having “one foot in the boat and one on the dock,” according to Walmart’s incubator Store No. 8, Williams Sonoma and Home Depot. Albertsons is to launch a digital marketplace which allows vendors to sell direct to shoppers. Flexport and Optoro are startups that are transforming the supply chain and logistics industry. Tophatter—an AI retail startup that calls itself the anti-Amazon solution—is driving engagement, not efficiency. 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
