Event PresentationBackground on Amazon and Retail Coresight Research September 19, 2017 Executive Summary The Retail Revolution Shoppers’ expectations are constantly evolving, and consumers today are calling for different retail experiences, both online and offline. Reinventing the Relationship with the Consumer Retailers must rethink how they engage and retain their visitors. 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 PresentationNew Retail – The Trends Driving Retail in Asia Coresight Research September 18, 2017 Executive SummaryNew Retail Trends Online is Guiding Offline Online to Offline (O2O): The Sharing Economy C2B: Alibaba’s New Concept Social Commerce and Communities New Retail Digital Content Strategy Loyalty: The Luxury Pavilion Exporting New Retail: Cross-border Trade Experiential Shopping 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) Quarterly Sales Update: Continued Soft Sales Growth Coresight Research September 18, 2017 Executive Summary H&M reported total sales rose by 4% year over year in local currencies in 3Q17, for the period June 1 to August 31, 2017. The total number of stores grew by 10.1% year over year to 4,553, as of August 31, 2017. Sales growth lagged store growth by 611 basis points in 3Q17. 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 UpdateMorrisons (LSE: MRW) 1H18 Results: Strong Comp Growth Feeds into Double-Digit Profit Uplift Coresight Research September 15, 2017 Executive Summary Morrisons reported continued strong comparable store sales growth in 1H18 and it is outpacing major rivals, as measured by comparable store sales. Revenue, underlying EBIT and underlying pretax profit were in line with consensus. Management upped its expectations of medium-term incremental profits from wholesale, services, interest and e-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
Company Earnings UpdateNext (LON:NXT)1H17 Results: Very Weak Retail Sales and Further Profit Decline Coresight Research September 15, 2017 Executive Summary British fashion retailer Next reported £1,888 million in group revenues in 1H17, down 2.7% year over year and above the consensus estimate. Retail store sales declined 8.3% year over year, reflecting significant sales erosion. Operating profit margin in 1H17 contracted by 140 basis points to 17.2% year over year. Diluted EPS for 1H17 was 177 pence, down 5.7% year over year and above the consensus estimate of 165 pence. For FY17, the company expects total full-price sales growth to be between (2.0)% and +1.5%. Next looks for FY17 profit before tax (PBT) in the range of £687–£747 million, for year-over-year growth to fall to between (13.1)% and (5.5)%. FY17 EPS growth is expected to decline to between (10.9)% and (3.1)%. 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: JD.com— A Differentiated E-Commerce Platform Coresight Research September 15, 2017 Executive SummaryOnline retailer JD.com was founded by CEO Richard Liu in 2004, focusing on 3C—computers, communications and consumer—products, but has since evolved to become China’s largest e-commerce platform by revenue, boasting an extensive product offering, as well as best-in-class, in-house fulfillment capabilities. This report takes an in-depth look at this unique e-commerce platform. We discuss the key drivers behind JD.com’s growth and how its different segments are performing, and look at various industry trends that are shaping the e-commerce market in China and how JD.com stands to benefit from these trends. Growth drivers: We expect the product mix shift and online marketplace expansion to drive the growth of JD.com. Key strengths:com has one of the largest logistics infrastructures of China’s e-commerce players, giving it tight control over its own fulfillment process. Strategic partnerships:com has struck key partnerships with industry leaders, including China tech giant Tencent and US retailer Walmart. Business segments: The B2C direct sales business is the major revenue driver, generating over 90% of total revenues. Industry trends: com is well positioned to benefit from the shift to a B2C model from a C2C model. 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
Market Navigators/Market OutlookDeep Dive: Outdoor Gear— A Growing Global Market with Challenges for Brick-and-Mortar Stores Coresight Research September 15, 2017 Executive SummaryThe outdoor gear market—which mainly consists of apparel and footwear, but also includes products such as tents, backpacks and sleeping bags—has been growing solidly across major economic regions. However, brick-and-mortar outdoor gear specialists are facing significant competition from the online channel. This report: Provides an overview of the outdoor apparel and footwear market in the US, Europe and China and highlights the factors that contribute to market growth. Discusses the competitive environment for brick-and-mortar outdoor gear specialist retailers in the US, the UK and China. Describes three major trends that are influencing the main international outdoor brands—athleisure, sustainability and technical innovation. 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 September 15, 2017 Coresight Research September 15, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses Apple’s recent announcement of its two new smartphone models—the iPhone 8 and the iPhone X. Amazon’s splashy takeover of Whole Foods Market, complete with deep price cuts, did more than bring a surge of publicity to the chain: it boosted customer traffic by 25% week over week. Footfall at British stores fell by 1.2% year over year in August. The decline was slightly greater than July’s 1.1% decrease. High street footfall declined by 2.6% and shopping center footfall fell by 0.8%. UrWork, the unicorn that is competing with WeWork in China, is following its American rival’s lead by extending its reach in Southeast Asia. The move follows UrWork’s participation in a $3 million funding round for Indonesia-based ReWork. 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 UpdatePrimark (LSE: ABF) FY17 Pre-Close Trading Update: Soft Comps and Aggressive Store Expansion Coresight Research September 12, 2017 Executive Summary Associated British Foods reported an FY17 pre-close trading update for the 52 weeks ended September 16, 2017. This report focuses on the results for Primark, the company’s retail division. Primark reported that FY17 revenues increased by 20% year over year and by 13% on a constant-currency basis. The company increased its selling space by 13% and comparable store sales saw a 1% increase year over year. The margin erosion experienced at the beginning of the year seems to have been halted, as the company expects the operating margin for FY17 to be higher than the 10.0% reported in 1H17. 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 ReportA Primer on the Indian Economy— 1Q18 GDP Growth Rate the Slowest in 13 Quarters Coresight Research September 11, 2017 Executive Summary The Indian government has implemented two key initiatives in the past 12 months that have had a negative impact on the economy: demonetization of high-value bank notes and putting into action a new goods and services tax (GST) regime. In 1Q18, India’s GDP growth was 5.7%, the slowest in 13 quarters. Other economic indicators, such as the CPI and the unemployment rate, seem to tell a more positive story. 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 CornerWeekly Insights Sep 8, 2017 Coresight Research September 8, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses Amazon’s newly launched European private-label apparel brand, Find. Best Buy and Macy’s are expanding their same-day delivery offers as they try to be more competitive with online leader Amazon. Best Buy will expand same-day delivery to 27 metropolitan markets from 13 starting next week and Macy’s will offer same-day delivery in 15 additional markets, for a total of 33 areas. French department store Galeries Lafayette has announced plans to acquire a 51% stake in mail-order and online retailer La Redoute. The acquisition will take place through Galeries Lafayette’s holding company, Motier, and is expected to be completed over the next few months. GoGoVan, a logistics on-demand provider that connects van drivers and customers for transporting goods, is Hong Kong’s first $1 billion startup, following a merger deal with 58 Suyun, a fellow logistics on-demand platform that is focused on serving consumers. 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: The Mall Is Not Dead, Part 2— The Mall Is in Need of Transformation Coresight Research September 6, 2017 Executive SummaryThis is the second report in our three-part The Mall Is Not Deadseries that looks at the US mall landscape with a focus on the challenges malls face and their need for transformation. In this report, we examine the department stores and specialty stores that constitute the bulk of mall tenants to determine what is working for them and what is not. Malls are still relevant, but the US is overmalled and overstored. Increased competition from e-commerce, a lack of differentiated product, and a consumer base that is searching for value and craving experiences are forcing malls to transform in terms of format and offerings. Department stores, which have traditionally served as mall anchors, have seen sales fall by 40% since 2000. These stores used to serve as one-stop shops for the entire family, but what was once a strength—mainstream appeal—is now causing trouble for some retailers. Already this year, 251 department store closures have been announced, and more are expected. In the 1990s and early 2000s, consumer preferences shifted toward specialty retailers, which are now ubiquitous. Offprice and fast-fashion retailers that offer lower prices are thriving. Store closures and bankruptcies have accelerated in 2017, in part due to the challenges that malls are facing. As of midMay, the number of announced major US store closures this year was already nearly double the number of closures announced in all of 2016, and 10 major US retailers had already filed for bankruptcy. 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 ReportApax Partners Buys UK Luxury Fashion Retailer Matchesfashion.com for a Reported £800 Million September 5 2017 Coresight Research September 5, 2017 Executive Summary Private equity firm Apax Partners has agreed to acquire a majority stake in UK luxury fashion retailer Matchesfashion.com for a reported £800 million ($1 billion). Matchesfashion’s £204 million revenues in 2017 put it in third place among multi-brand luxury e-commerce players, behind Yoox Net-a-Porter and Farfetch. In the year ended January 2017, Matchesfashion.com grew revenues by 61% and operating income by 1,526% year over year. 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 DiveUS Furniture Market 2017: Stores Face Softer Growth and E-Commerce Competition Coresight Research September 4, 2017 Executive SummaryIn this report, we provide an update on the US furniture market so far in 2017, as well as highlight what could impact it over the longer term. Growth in furniture sales has weakened considerably year to date. Year-over-year growth in consumer spending on furniture averaged 2.5% in the first six months of 2017, almost half the 4.5% for all of 2016. Market growth was even weaker in May and June, the most recent months for which we have data. Soft growth in existing home sales and a weakening of real income growth are likely what is depressing expansion of the US furniture market. US Internet sales in the broader homewares and home furnishings category totaled $19.2 billion in 2016. We identify the top online homewares and furnishings retailers as Amazon, Wayfair and Williams-Sonoma. We note four factors that are likely to impact the US furniture market over the longer term: more people renting their homes, a greater proportion of the population living in apartments, a larger senior population wanting to “age in place” and millennials establishing households. You may also be interested in The 2019 US Furniture Market, The Impact of the US-China Tariff War’s Impact on Furniture Brands and Retailers or Where do US Customers Prefer to Shop for Furniture. 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
Deep DiveUS Online Grocery Update—Reviewing the Shifting Landscape Coresight Research September 4, 2017 Executive Summary The US grocery market is estimated to be worth around $1 trillion in 2017, but only around 2% of that will be spent online. Amazon’s acquisition of Whole Foods could bring innovative new services that integrate these two companies’ online and offline offerings, which could accelerate growth in the US online grocery market. Walmart and Kroger have been growing the number of stores offering grocery collection very rapidly. At the same time, the brick-and-mortar US expansion of predominantly-offline German grocery discounters Aldi and Lidl could soften online grocery growth in those regions in the US where they establish a meaningful presence. 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
