Store TrackerWeekly Store Openings and Closures Tracker 2018, Week 4: Toys“R”Us to Close 182 Stores; JCPenney to Close Four Stores Coresight Research January 26, 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 1,768 and the number of store openings is 1,510. Toys“R”Us plans to close 182 stores. JCPenney has said it will close four stores. Lidl announces it will open 20 stores in the US this year. Abercrombie & Fitch’s Executive Chairman steps down. Lowe’s announces three board appointments. Casper hires two new executives. Year to date in the UK, there have been 48 store closure announcements and 455 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 UpdateLVMH (ENXTPA: MC) FY17 Results: Company Enjoys a Stronger-than-Expected Final Quarter Coresight Research January 26, 2018 Executive Summary LVMH reported FY17 revenues of €42.6 billion, beating the €42.3 billion consensus estimate due to 4Q17 revenues that came in 2% ahead of expectations. The company reported diluted EPS of €10.18, which was well ahead of analysts’ expectations of €9.74. In the final quarter, organic growth slowed sequentially in all segments except Selective Retailing and Wines and Spirits. 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 UpdateASOS (LSE: ASC) 1Q18 Trading Update: Strong UK Performance Supports 30% Sales Growth Coresight Research January 26, 2018 Executive Summary British fashion retailer ASOS grew 1Q18 sales by 30%. A significant acceleration in UK sales growth contributed to group momentum. International sales climbed by 32% at constant currency. 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 ReportWhat Retail Apocalypse? Reviewing Trends in US Brick-and-Mortar Retail Coresight Research January 24, 2018 Executive Summary Total US store numbers fell in 2017 for the first time since 2009. The decline was driven by apparel retailers and regional malls, which are more skewed toward apparel. Open-air shopping centers are benefiting from the growth of off-price, dollar and grocery stores. These shopping centers showed resilient occupancy rates in 2017. Superregional malls, which are leisure destinations as well as retail destinations, registered solid occupancy rates across 2017 despite the impact of retail bankruptcies. A number of major shopping center owners are pivoting away from apparel specialist stores. Some are focusing on bringing in grocery and other everyday-goods retailers, while others are moving toward mixed-use spaces that incorporate leisure and entertainment venues. 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 Report“Carrefour 2022”: Retailer Announces Redundancies and Digital Transformation in Strategic Revamp Coresight Research January 24, 2018 Executive SummaryCarrefour has unveiled its new strategy to 2022, which is broadly based on four goals: The retailer intends to simplify the organization, including 2,400 redundancies, and make it more open to partnerships—Carrefour announced a new partnership with Chinese firm Tencent. Carrefour will invest around €2 billion annually to improve its price competitiveness and productivity, and reduce the number of former DIA stores by 273. To push its omnichannel offering, Carrefour will invest €2.8 billion through to 2022 in refining its digital channels and improving its hypermarkets. It is targeting €5 billion in food e-commerce sales by 2022. Carrefour plans to work on improving food quality and to build its organic food range. It hopes to grow its organic food sales to €5 billion by 2022, from €1.3 billion currently. 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 ReportShoppable Video: A Key Marketing Channel to Engage with Online Shoppers Coresight Research January 23, 2018 Executive SummaryShoppable video and online video marketing are becoming key marketing tools for brands, fueled by the fast growth of online video traffic. In this report: We show how online video is a convenient and effective way for brands to communicate with customers, and how online video is expected to become the main way users browse the Internet. We describe how companies are taking advantage of the growth of online video by investing in online video marketing. We feature takeaways from our interview with Karoline Gross, Founder and CEO of interactive video technology startup Smartzer. 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 CoverageLondon Blockchain Week 2018: Identifying Blockchain’s Value and Its Applications Across Industries Coresight Research January 23, 2018 Executive SummaryOn January 22, the FGRT team attended London Blockchain Week 2018, an event that includes a hackathon, an exhibition and workshops. We attended the conference on the day that a number of exhibitors gave presentations. Companies presenting at the event described how blockchain technology can be used across a range of applications, from dating sites to arts and collectible markets to employment history registers. The technology can also be used to connect data providers and users through data marketplaces. 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 ReportDecember 2017 UK Retail Sales and Christmas Trading Wrap-Up: Solid Total Growth in Line with FGRT Forecast, but Gains Not Evenly Distributed Coresight Research January 22, 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 December UK Retail Sales Report: UK November and December retail sales growth came in at a robust 4.6% year over year. This was in line with FGRT’s holiday forecast calling for growth of approximately 5%. Total growth was supported by shop-price inflation of 2.9% in December and 3.0% in November. Black Friday appeared to pull discretionary sales from October and December into November. Trading updates from retailers show that sales gains were not evenly distributed. Christmas trading updates suggest that structural winners in discount retail and e-commerce are accelerating their gains even as they mature, a process that should, in theory, prompt a slowing of growth. 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 January 19, 2018 Coresight Research January 19, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” wraps up the recent CES 2018 trade show in Las Vegas. US retail sales in December rose 5.4% from a year ago. They advanced 4.2% in 2017 compared with 3.2% in 2016. Amazon accounted for at least 4% of all US retail sales and about 44% of all US e-commerce sales in 2017, according to a new study. The fastest-growing product groups on the site included luxury beauty and pantry items. Xiaomi selected Morgan Stanley and Goldman Sachs among international banks for its planned IPO, which could see the company target a valuation of as much as $100 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 ReportPRIMARK (LSE: ABF) 1Q18 Trading Update: Retail Space Expansion Drives Sales Growth Coresight Research January 19, 2018 Executive Summary Primark’s sales increased by 7% at constant currency and by 9% as reported, in the 16 weeks ended January 6, 2018, driven by growth in selling space. The company observed “strong” comparable sales in the UK. Unusually warm October weather hindered sales in Europe, although sales improved later in the five weeks to Christmas. Management expects Primark’s operating margins for 1H18 to be similar to last year’s levels. The company plans to open 1.2 million square feet of selling space over FY18. 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 PresentationHow AI Is Powering Retail Growth (NRF) Coresight Research January 18, 2018 Executive SummaryWhat is AI? AI is human-like or intelligent behavior exhibited by computers and machines. It is enabled by a computer program or set of programs that help machines make autonomous decisions through cognitive functions similar to those typically exhibited by human beings, such as learning, decision making and problem-solving. 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 CoverageXRC Labs Cohort 5 Launch Event: Bigger than Ever Coresight Research January 18, 2018 Executive SummaryThe FGRT team attended NRF 2018 Retail’s Big Show in New York City this week. With more than 35,000 attendees from 95 countries, including 18,000 retailers and more than 600 exhibitors, the trade show is one of the biggest in the retail industry. Below are our key takeaways from the third and final day of the event. Pano Anthos, Founder and Managing Director of XRC Labs, spoke about the evolution of the program over the past two years. More than 300 companies applied to be part of the program in 2018 and 48 companies from the first four cohorts are still in business today. Anthos described how the accelerator program continues to evolve and grow through partnerships and collaborations. XRC Labs partnered with the National Retail Federation (NRF) on the Innovation Lab at NRF 2018 Retail’s Big Show, which ran January 14–16. The space included an exhibit area dedicated to showcasing 25 startups and a stage that was home to panel discussions and sessions on retail technology. The retail store format continues to evolve and retail remains in a state of change, Anthos noted. He said that stores are evolving in five key ways: they are mobilizing to serve consumers through flexible formats, offering unique experiences, operating as platforms, operating as services for consumers and operating as factories where consumers can purchase items on demand. Each of the nine companies in XRC Labs’ fifth cohort presented a two-minute overview of their retail technology solution at the launch event. Standouts included Convrg, maker of an AI-powered chatbot that aims to reduce returns through upselling, and LexSet, an interior design visualization tool that uses AI. 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 CoverageNRF 2018 Retail’s Big Show: Takeaways from Day Three Coresight Research January 18, 2018 Executive SummaryThe FGRT team attended NRF 2018 Retail’s Big Show in New York City this week. With more than 35,000 attendees from 95 countries, including 18,000 retailers and more than 600 exhibitors, the trade show is one of the biggest in the retail industry. Below are our key takeaways from the third and final day of the event. The strong economic backdrop supports an optimistic outlook for retail in 2018. Zero-waste fashion is trending—sustainability is the new fashion. Toshiba demonstrated several solutions and products for retail, focusing on digital signage, frictionless checkout and an engaging shopping experience. FGRT cohosted Microsoft’s annual Innovators Board Roundtable event at Microsoft’s New York offices. The event featured retail technology startups and expert-led discussion on artificial intelligence (AI) and blockchain solutions. Alibaba’s Lee McCabe gave a very well-attended keynote presentation on the company’s vision of the future of retail. 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 3: Kiko USA and A’gaci File for Bankruptcy; Greggs to Open Net 110–130 Stores Coresight Research January 18, 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 1,582 and the number of store openings is 1,278. Beauty retailer Kiko USA files for bankruptcy. Women’s fashion retailer A’gaci files for bankruptcy. Bon-Ton enters into forbearance agreements. Year to date in the UK, there have been 48 store closure announcements and 455 store opening announcements. Greggs plans to open net 110–130 stores 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
Company Earnings UpdateZalando (XTRA:ZAL) 4Q17 and FY17 Update: Revenue and EBIT Grow in Line with Expectations Coresight Research January 18, 2018 Executive Summary Zalando reported preliminary results showing year-over-year revenue growth of 21.2%–23.2% in 4Q17. The company expects adjusted EBIT of €107–€120 million, corresponding to an adjusted EBIT margin of 8.1%–8.9%. The company expects to report FY17 revenues of about €4,478–€4,500 million, up 23.1%–23.7% year over year. Zalando expects adjusted EBIT for FY17 to be €209–€222 million, corresponding to an adjusted EBIT margin of 4.7%–4.9%. In FY18, Zalando will continue to invest to achieve strong market share gains. 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
