Deep DiveDeep Dive: From Digital to Physical—The Return to Nondigital Toys Coresight Research July 24, 2017 Executive Summary Despite the rapid rise of digital technologies, we are observing a return to physical non-electronic children’s toys in the US and the UK. We note toy categories that exemplify this trend: fidget spinners, tabletop board games and puzzles, Play-Doh, Lego as well as collectibles such as dolls and figurines. Despite ever-expanding digital technologies, tangible goods still provide consumers with aesthetic pleasure, a feature that cannot be achieved with digital screens. As people spend more time with smartphones in a digital world, they also increasingly desire more social interaction and face-to-face time becomes even more important’; products such as board games satisfy that need. The rise in physical toys’ popularity is also due to a resurgence of unplugged family time and the proliferation of new and innovative games, which is growing sales in the categories. 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 ReportQUICK TAKE: Telefónica’s Digital Transformation— Lessons for Non-Digitally Native Retailers Coresight Research July 23, 2017 Executive SummaryThis report gives an overview of the digital transformation of Telefónica, the Spanish multinational broadband and telecommunications service provider. It offers a case study of digitalization for non-digitally native retailers, which are facing similar competitive pressures. Internal inefficiencies and the growing number of new entrants providing new, digital services triggered the digital transformation at Telefónica. A business-led, end-to-end digital transformation, implemented and measured through standardized stages and supported by a revamp of the company’s IT capabilities was central in the digitalization process at Telefónica. Non-digitally native retailers can learn from Telefónica’s digital transformation the need to deliver a thorough business-led digital transformation that involves all part of the business. 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 CornerWeekly Insights Jul 21, 2017 Coresight Research July 21, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” offers a review of WeChat, a communication, connection and commerce ecosystem. The US Commerce Department said that US retail sales fell by 0.2% last month, weighed down by declines in receipts at service stations, clothing stores and supermarkets. German retailer Metro Group has demerged into two separate companies, Metro and Ceconomy, a move that was decided in February. Metro Group’s current shareholders will receive shares in each of the two new companies. WeWork is gearing up to launch its coworking spaces in Japan, thanks to a joint venture with SoftBank. As part of the arrangement, SoftBank and WeWork will each own 50% of the joint venture, which will be called WeWork Japan. 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 UpdateUnilever (LSE: ULVR) 1H17 Results: Strong First Half, Raises FY17 Margin Target Coresight Research July 21, 2017 Executive Summary Unilever reported 1H17 sales of €27,725 million, almost on par with the consensus of €27,724 million and up by 5.5% from 1H16. At constant exchange rates, sales grew by 3.8%. The operating margin jumped by 307 basis points and diluted EPS bounced by 23.9% to €1.09. Unilever expects “accelerating growth” in 2H17 and estimates full-year underlying sales growth to be in the range of 3%–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
Company Earnings UpdateZalando (XTRA: ZAL) 2Q17 and 1H17 Trading Update: Results Expected to Just Miss Consensus Coresight Research July 19, 2017 Executive Summary Zalando reported preliminary figures for 2Q17, with revenues of €1,091–€1,109 million, up 19%–21% year over year, and adjusted EBIT of €80–€86 million, versus the consensus estimates of €1,109 million and €86.7 million, respectively. Preliminary figures for 1H17 show a revenue increase of 21%–22% to €2,071–€2,089 million and adjusted EBIT of €100–€106 million, versus the consensus estimates of €2,099 million and €106.9 million, respectively. Zalando remains positive about the outlook for the full year, thanks to continued investment in fulfillment capabilities and the launch of the new membership program Zalando Zet. 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: Wellness as a Luxury, Part 2— Sleeping Well Swarooprani Muralidhar, Director of Research July 19, 2017 Reasons to ReadOur Wellness as a Luxury series looks at wellness as the new status symbol: “wellthness” is fast replacing other signifiers of affluence as a luxury to be enjoyed and flaunted. In this report, we look closely at three aspects of the “sleep economy”: Sleep technology: Consumers are using apps, devices and wearables to help them fall asleep and stay asleep. Mattresses: Aspirational, e-commerce mattress brands such as Casper have tapped social media to encourage consumers to invest in the quality of their sleep. Deep-rest classes: Group classes that promote rest and sleep, such as Inscape’s deep-rest classes and David Lloyd Clubs’ napercise classes are gaining popularity. Read the first report in our Wellness as a Luxury series here and find the third and final report here. 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) Final Monthly Sales Update: Sequential Sales Improvement in June Coresight Research July 18, 2017 Executive Summary H&M reported total sales rose by 7% year over year in local currencies in June 2017. This compares to year-over-year sales growth of 4% in May. The total number of stores grew by 10.3% year over year to 4,517, as of June 30. Sales growth lagged store growth by 331 basis points in June, contracting from the 633-bps difference in May. 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— Blockchain Mini-Series: Cryptocurrencies Coresight Research July 18, 2017 Executive SummaryThis is the first of two reports in our Blockchain Mini-Series, which covers the latest trends in cryptocurrencies and blockchain applications. In our first report, we focus on cryptocurrencies: The price of Bitcoin soared to all-time-high of $3,000 in June 2017, prompting renewed interest in cryptocurrencies and blockchains worldwide. Cryptocurrencies such as Bitcoin “are digital currencies which use encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.” There are currently more than 1,000 different cryptocurrencies with a combined market capitalization of over $115 billion. While the existence and growing adoption of digital currencies is based on a solid foundation, the associated risks of owning and investing in cryptocurrencies remain high. In this report, we look at four popular cryptocurrencies—Bitcoin, Ether, Ripple XRP and Litecoin—to gauge the direction of their development and potential for increased adoption. 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) 1H17 Results: Continuation of Very Strong Sales Momentum Coresight Research July 17, 2017 Executive Summary LVMH Moët Hennessy Louis Vuitton increased revenues by 15.0% year over year in 1H17, to €19,714 million, which was above the consensus estimate of €19,492 million. Revenues increased by 12% year over year on an organic basis. The company’s gross margin contracted by 50 basis points year over year, to 65.1%, and its SG&A margin contracted by 180 basis points, to 46.6%. Its operating margin expanded by 130 basis points, to 18.5%. Revenues were driven by strength in Asia excluding Japan and Europe. In terms of business segments, sales growth was driven by the Fashion & Leather Goods and Watches & Jewelry divisions. 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 ReportEssilor and Luxottica Merger to Create Integrated Global Eyewear Powerhouse Coresight Research July 17, 2017 Executive Summary Italy-based Luxottica (LUX.MI) and France-based Essilor (ESSI.PA) have agreed to a powerhouse eyewear industry merger valued at €46 billion. Luxottica’s current market value is €24 billion and Essilor’s is €22 billion. The long-anticipated merger represents one of Europe’s largest cross-border deals and unites the world’s largest consumer eyewear frame manufacturer with one of the main global ophthalmic lens manufacturers. The combined group will offer a comprehensive portfolio of strong brands, global distribution capabilities and complementary expertise in ophthalmic lenses, prescription frames and sunglasses. The deal is expected to be completed in the second half of 2017 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 CornerWeekly Insights Jul 14, 2017 Coresight Research July 14, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses the importance of Amazon Prime Day in boosting awareness of Amazon’s fashion, beauty and grocery offerings and encouraging customers to try its private-label products. Amazon reported record sales for its third-annual Prime Day, commenting that “tens of millions” of Prime members bought something on Prime Day this year, up more than 50% over last year. The UK’s retail performance rebounded in June as total comparable retail sales rose by 1.2% year over year, up from 0.4% in May. Total retail sales rose by 2.0% in June, up from a 0.2% increase in May. Amazon has topped up its investment in its India business with another $260 million, in time to prepare Amazon India for the holiday shopping season, which centers on the Dussehra and Diwali festivals in the fall. 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) 3Q17 Update: Pure-Play Apparel Retail Is Still in Fashion Coresight Research July 14, 2017 Executive Summary ASOS grew revenues by 32% in 3Q17. At constant exchange rates, revenues climbed by 26%. Retail gross margins were flat year over year. The company expects FY17 sales growth to be at the upper end of the 30%–35% range. 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 UpdateGroupe Casino (EPA: CO) 2Q17 Update: LatAm Continues to Boost Sales, France Sees Growth Coresight Research July 14, 2017 Executive Summary Casino reported 2Q17 revenues up by 7.9% from the previous year, comfortably beating the consensus estimate. Comps grew by 3.0%, above the consensus estimate of 2.3%. The company grew comparable sales in France by an impressive 1.8%. Comps were up 3.7% in Latin America. Cdiscount comps were 6.7%. 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 UpdateB&M European Value Retail (LSE: BME) 1Q18 Update: Very Strong Comp Growth Continues as Grocery Demand Proves Strong Coresight Research July 13, 2017 Executive Summary B&M European Value Retail reported very strong total revenue growth of 18.3% in 1Q18. UK comps were a solid 7.3%, helped by strong demand for groceries. Nine new stores in the UK and four in Germany supported total revenue growth. 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 ReportAmazon Announces a Record Third Annual Prime Day Coresight Research July 13, 2017 Executive Summary Amazon announced that its third annual Prime Day shopping event, which ran for 30 hours, was the biggest day in Amazon history in terms of revenue, surpassing Black Friday and Cyber Monday. The company announced that orders increased by 60% over the corresponding 30-hour period a year ago and that orders from Prime members increased by more than 50% over the prior year. These figures build on those from last year’s Prime Day, which Amazon reported generated 60% more orders worldwide and 50% plus more orders in the US than its inaugural Prime Day did in 2015. The Echo Dot was the best-selling Amazon device as well as the best-selling device by any manufacturer. Sales of other Amazon devices such as the Echo, Fire tablets and Kindle e-readers also set records. Estimates for total revenues generated over the day ranged from $1 billion to $2.2 billion. The $1 billion figure represents three times Amazon’s average daily sales. Prime Day helps increase the ranks of key Prime members, who spend nearly twice as much annually as non-Prime members. It also generates consumer enthusiasm during the summer doldrums and allows the unloading of some slow-selling merchandise. Coresight has been covering Amazon Prime Day since it was launched in 2015 and additional reports from can be accessed here. 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
