Company Earnings UpdateGUESS (GES) Fiscal 4Q18 Results: Beats and Guides Ahead of Consensus Coresight Research March 22, 2018 Executive Summary Guess reported fiscal 4Q18 adjusted EPS of $0.62, up 46.3% year over year and beating the $0.54 consensus estimate. Revenues were $792.2 million, up 17.5% year over year and beating the $755.6 million consensus estimate. Comps for the Americas region were down 4%, beating the consensus estimate of a 6.4%decline. Americas comps were down 5% in constant currency. For FY19, Guess expects revenue growth of 7%–8%, implying revenues of $2.53–$2.55 billion, above the consensus estimate of $2.45 billion. The company expects EPS of $0.86–$0.98, above the consensus estimate of $0.85. 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 UpdateGUESS (GES) Fiscal 4Q18 Results: Beats and Guides Ahead of Consensus Coresight Research March 22, 2018 Executive Summary Guess reported fiscal 4Q18 adjusted EPS of $0.62, up 46.3% year over year and beating the $0.54 consensus estimate. Revenues were $792.2 million, up 17.5% year over year and beating the $755.6 million consensus estimate. Comps for the Americas region were down 4%, beating the consensus estimate of a 6.4% decline. Americas comps were down 5% in constant currency. For FY19, Guess expects revenue growth of 7%–8%, implying revenues of $2.53–$2.55 billion, above the consensus estimate of $2.45 billion. The company expects EPS of $0.86–$0.98, above the consensus estimate of $0.85. 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 CoverageShoptalk 2018: Day 3 Takeaways—Global Marketplaces, New Retail Trends and Digital Commerce Reinvented Coresight Research March 21, 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 third day of the conference, which include: Amazon’s global marketplace is transforming the propensity of local customers to buy from global sellers. Ulta is benefiting from beauty category growth. It prides itself on three key differentiators: real estate locations, product mix and services. Walmart said it remains in acquisition mode and that eventually direct-to-consumer brands will become available on Jet.com, which will help capture urban millennial shoppers. Google announced a new feature, Shopping Actions, which allows users to purchase items directly from search results and across Google platforms. The Coresight Research team held two Shoptalk launch events to celebrate the official launch of the brand with industry friends and colleagues. Coresight CEO and Founder Deborah Weinswig provided insights into the China retail innovation landscape. 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 CoverageShoptalk 2018: Day 2 Takeaways—Same-Day Delivery, Scan and Go and Augmented Reality Coresight Research March 20, 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 second day of the conference, which include: Macy’s is to add mobile scan and pay checkout to all stores by the end of 2018. Same-day delivery is becoming the new normal; Target will be offering same-day delivery nationwide. The Amazon innovation approach is to “start with the customer,” and work backwards to figure out a solution. Brands are using social media communities to build engagement and revenue. Kroger says augmented reality (AR) could be used to help customers navigate the in-store shopping experience. 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 CoverageShoptalk 2018: Day 1 Takeaways—Startup Pitch Competition Coresight Research March 19, 2018 Executive SummaryThe Coresight Research team is in Las Vegas this week, attending and participating in the Shoptalk 2018 conference held March18–21. On Sunday, to kick off this year’s conference, Coresight Research’s Founder and CEO, Deborah Weinswig, emceed Shoptalk’s Startup Pitch competition. The competition featured 15 innovative companies, which Weinswig classified into one of four categories: engaging customer experiences, physical retail solutions, inventory management and assortment optimization, and personalization. Two winners were chosen, one by the panel of judges and one through audience voting. The winner of the judge’s choice was blockchain-based shopping platform, SHOP, and the audience’s vote went to digital-display storefront marketing solution, Glass-Media. Weinswig concluded the pitch competition with a presentation on the current and future state of the retail environment, emphasizing “New Retail” trends 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 UpdateDollar General (DG) 4Q17 Results: Solid Quarter, Beats on Comps; Issues EPS Guidance Above Consensus Coresight Research March 19, 2018 Executive Summary Dollar General reported 4Q17 adjusted EPS of $1.48,down 1.0% year over year and in line with the consensus estimate. Revenues were $6.13 billion, up 2.0% year over year but below the $6.21 billion consensus estimate. Comps were up 3.3%, beating the consensus estimate of 2.6%. For FY18, Dollar General expects sales growth of 9%, ahead of the 8.1% consensus estimate. The company expects full-year comps in the mid-2% range, in line with the consensus estimate of 2.5%, and EPS of $5.95–$6.15, above the $5.63 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
Analyst CornerWeinswig’s Weekly March 16, 2018 Coresight Research March 16, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses efforts by the apparel industry to recycle jeans, footwear and other items. Kroger announced it’s expanding a tie-up with Instacart in a bid to help the two companies solve the same problem: Amazon.com. German discount retailer Aldi is looking to establish a physical store network in China, nearly a year after setting up an online presence through Alibaba-run e-commerce site Tmall.com. In 2017, Amazon Brazil started allowing third-party sellers to list their items on the website. According to Reuters, the company held a meeting with manufacturers in Brazil last week to discuss its plans to stock and sell goods itself in the country. 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 11: Abercrombie & Fitch to Close 60 Stores, Ross Stores to Add 100 Coresight Research March 16, 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 2,220 and the number of store openings is 1,699. Abercrombie & Fitch plans to close 60 more stores and open 11 in 2018. Ross Stores plans to add approximately 100 new stores during the year. Toys“R”Us prepares to liquidate its business, closing all 800 of its stores in the US. Casey’s General Stores appoints H. Lynn Horak as its new Chairman of the Board. Year to date in the UK, there have been 216 store closure announcements and 491 store opening announcements. New Look announced plans to close 60 stores in the UK, along with a further six sites that are sublet to third parties. French Connection plans to close six stores in 2018, reducing its store portfolio to around 30 by the end of the new financial year. Toys“R”Us announced plans to wind down all 100 stores in the UK over the next six weeks. 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 Sales Update: Very Weak Performance Despite Solid Growth in Store Numbers Coresight Research March 16, 2018 Executive Summary H&M reported that total 1Q18 sales growth was flat in constant-currency terms. In reporting currency, sales excluding VAT declined by 1.7%. Including VAT, sales declined by 1.5% in the quarter. The total number of stores grew by 8.0% year over year, to 4,743, as of February 28, 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
Deep DiveDeep Dive: Transforming the fashion industry through data-driven and actionable consumer insights and preferences Coresight Research March 16, 2018 Executive SummaryFashwire is launching a first-of-its-kind app that connects brands, designers and retailers. The company’s platform works at the intersection of fashion and social media.Users can discover and influence brands via the platform. Designers and retailers can draw consumer demographic and preference data from it in order to identify what is resonating with the consumer. While the average brand generates approximately 647,125 social media interactions, the average fashion brand generates approximately 3.4 million interactions. By aggregating demographic and other consumer data, Fashwire is able to offer a global view of fashion at multiple levels. The company can market this data and invite designers, sponsors, partners and others to share it or advertise on the platform. Fashwire is scheduled to launch a private beta of its iOS app at the Shoptalk conference in Las Vegas, which runs March 18–21. The iOS app is anticipated to go live the first week of April. The company is currently conducting a $2.5 million series A Preferred Round. 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 CoverageCountdown to Shoptalk: Startup Pitch Competition Participant Profile—SHOP Coresight Research March 16, 2018 Executive SummaryThe Coresight Research team will be attending and participating in the Shoptalk 2018 conference in Las Vegas March 18–21. Billed as the world’s largest conference devoted to retail and e-commerce innovation, Shoptalk will cover “the rapid evolution of how consumers discover, shop and buy—from new technologies and business models to the latest trends in consumer behaviors, preferences and expectations.” On March 18, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup competition between 15 innovative, early-stage companies at Shoptalk. Two winners will be announced, one chosen by a panel of judges and one by audience vote, and each will be awarded $25,000. Each day leading up to Shoptalk, Coresight Research will publish an overview of one of the participating startups’ technology solutions. SHOP provides a block chain-based e-commerce marketplace that connects brands and consumers and is designed to decentralize control of consumer data. Consumers purchase the SHOP Token to transact on the platform; the token enables them to control who sees their data and how much of it is shared. Consumers who choose to share their personal data with brands receive discounts and personalized services in exchange. SHOP seeks to enable a global shopping network that respects data ownership and rewards participants for providing companies with access to their personal data. On March 20, Weinswig will participate in “Overview of Retail and E commerce Innovation in China,” a session that will cover technology and business model advancements in areas such as checkout, payments, delivery, logistics, the Internet of Things (IoT) and robotics. 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 UpdateINDITEX (BME: ITX) FY17 Results: Strong Sales Growth Offset by Margin Erosion Coresight Research March 15, 2018 Executive Summary Inditex reported FY17 revenues of €25,336 million, up 8.7% year over year and slightly below the consensus estimate of €25,406 million. In FY17, the company grew operating income by 7%, but its operating margin contracted by 20 basis points. Adjusted EPS was €1.08, up 6.7% year over year and in line with the consensus estimate. In FY18, Inditex expects to grow its store space by 6%, net of closures. The company expects to incur capital expenditures of €1.5 billion, driven mainly by the opening of new stores. 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 UpdateEXPRESS (EXPR) 4Q17 Results: Company Beats Expectations, Issues Light Outlook Coresight Research March 15, 2018 Executive Summary Express reported 4Q17 revenues of $693.8 million, up 2.2% year over year and beating the $686.8 million consensus estimate. Adjusted EPS was $0.34, above the consensus estimate of $0.32 and up from $0.29 in the year-ago quarter. Comparable sales, including e-commerce sales, decreased by 1%, compared with a 13% decrease in the year-ago quarter and beating the consensus estimate of a 1.9% decline. The company’s EPS guidance for 1Q18 is $(0.04)–$0.00, versus the $(0.01) consensus estimate. The company expects 1Q18 comp growth of (1.0)%–1.0%, compared with the consensus estimate of 0.5%. 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 CoverageCountdown to Shoptalk: Startup Pitch Competition Participant Profile—Heuritech Coresight Research March 15, 2018 Executive SummaryThe Coresight Research team will be attending and participating in the Shoptalk 2018 conference in Las Vegas March 18–21. Billed as the world’s largest conference devoted to retail and e-commerce innovation, Shoptalk will cover “the rapid evolution of how consumers discover, shop and buy—from new technologies and business models to the latest trends in consumer behaviors, preferences and expectations.” On March 18, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup competition between 15 innovative, early-stage companies at Shoptalk. Two winners will be announced, one chosen by a panel of judges and one by audience vote, and each will be awarded $25,000. Each day leading up to Shoptalk, Coresight Research will publish an overview of one of the participating startups’ technology solutions. Viveat, one of the pitch competition participants,provides a personalized shopping experience by giving products a digital identity that can be used to connect with consumers. Viveat’s smart platform enables brands to engage with consumers via mobile devices through story telling, authentication and registration of products, without the need for a separate application. On March 20, Weinswig will participate in “Overview of Retail and E commerce Innovation in China,” a session that will cover technology and business model advancements in areas such as checkout, payments, delivery, logistics, the Internet of Things (IoT) and robotics. 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 CoverageCountdown to Shoptalk: Startup Pitch Competition Participant Profile—Viveat Coresight Research March 15, 2018 Executive SummaryThe Coresight Research team will be attending and participating in the Shoptalk 2018 conference in Las Vegas March 18–21. Billed as the world’s largest conference devoted to retail and e-commerce innovation, Shoptalk will cover “the rapid evolution of how consumers discover, shop and buy—from new technologies and business models to the latest trends in consumer behaviors, preferences and expectations.” On March 18, Coresight Research CEO and Founder Deborah Weinswig will emcee a startup competition between 15 innovative, early-stage companies at Shoptalk. Two winners will be announced, one chosen by a panel of judges and one by audience vote, and each will be awarded $25,000. Each day leading up to Shoptalk, Coresight Research will publish an overview of one of the participating startups’ technology solutions. Viveat, one of the pitch competition participants,provides a personalized shopping experience by giving products a digital identity that can be used to connect with consumers. Viveat’s smart platform enables brands to engage with consumers via mobile devices through story telling, authentication and registration of products, without the need for a separate application. On March 20, Weinswig will participate in “Overview of Retail and E commerce Innovation in China,” a session that will cover technology and business model advancements in areas such as checkout, payments, delivery, logistics, the Internet of Things (IoT) and robotics. 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
