Insight ReportThe Disruptor: Tubatu – An O2O Disruptor in the Home Décor Market Coresight Research January 24, 2017 Executive Summary Tubatu is a B2C e-commerce platform which aims to provide interior design and home décor services by linking customers to local professionals. The company is estimated to be worth US$2 billion. GMV of the O2O home décor market in China was ¥151 billion in 2015, up 40% year over year, and comprises 10% of the total home décor market, according to China Construction Decoration Association. Tubatu acts as a disruptor in the home décor market, as it increases the transparency of the construction process and brings together over 950,000 interior designers and 70,000 décor companies in an integrated platform from which consumers can choose from. 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 ReportUK December Retail Sales and Christmas Wrapup: A Bumper Holiday Period Coresight Research January 23, 2017 Executive Summary Official data and company updates confirm that it was a bumper holiday season. Total retail sales grew by 7.1% in December, the strongest December growth recorded in decades. Grocery retailers enjoyed a bumper month, with sales up 4.3%. Internet pure plays and mail-order retailers saw sales growth accelerate even further, to 30.9%. Leading midmarket retailers such as Marks & Spencer (M&S), Debenhams, Tesco, Sainsbury’s and Morrisons turned in better-than-expected top-line figures. Apparel saw an end-of-year improvement, with M&S reporting positive comps, Tesco, Sainsbury’s and Morrisons citing strong growth and ASOS and boohoo.com beating expectations. 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 ReportDecember 2016 UK Retail Sales and Christmas Wrapup: A Bumper Holiday Period Coresight Research January 23, 2017 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: Grocery retailers enjoyed a bumper month, with sales up 4.3%. Internet pure plays and mail-order retailers saw sales growth accelerate even further, to 30.9%. Leading midmarket retailers such as Marks & Spencer (M&S), Debenhams, Tesco, Sainsbury’s and Morrisons turned in better-than-expected top-line figures. Apparel saw an end-of-year improvement, with M&S reporting positive comps, Tesco, Sainsbury’s and Morrisons citing strong growth and ASOS and boohoo.com beating expectations. 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 Jan 20, 2017 Coresight Research January 20, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses what presenters and attendees at NRF Retail’s Big Show 2017 had to say about the in-store experience and explores three core functions retailers can provide in order to drive store traffic. Walmart’s plan to pay higher wages and invest more in training suggests a major shift in its business model. However, the retailer will have to recoup those higher wages through higher levels of employee productivity. The US Department of Agriculture is testing a pilot program this summer that will allow seven online grocery stores, including online-retailing giant Amazon.com, to accept food stamps. Expanding food stamps to online grocery services may help eliminate so-called food deserts, or neighborhoods that lack grocery stores offering fresh, healthy food. France-based lens maker Essilor and Italian eyewear group Luxottica announced a merger worth €46 billion (US$49 billion) that will form the world’s largest player in the eyewear space. The deal is expected to close in the second half of 2017, subject to approval by the shareholders of both companies and clearance by antitrust authorities. 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 UpdateAhold Delhaize (ENXTAM: AD) 4Q and FY16 Trading Update: Strong Sales in the Netherlands Boost Group Performance Coresight Research January 20, 2017 Executive Summary Ahold Delhaize reported FY16 revenues of €62,331 million, up 3.4% from FY15 at constant currency (+3.7% in reported currency) and slightly below the consensus estimate of €62,419 million. Segment-wise, the Netherlands performed the best, with sales growing 5.3% in FY16. Ahold USA’s sales grew 2.5% and Delhaize America’s were up 1.9%, at constant currency. Sales in Central and Southeastern Europe (CSE) rose 8.8% at constant currency and sales in Belgium grew by 1.7%. Ahold Delhaize confirmed its guidance for the pro forma underlying operating margin to be “broadly in line” with its performance of 3.6% in the first three quarters of FY16 and slightly ahead of last year; and for free cash flow (including the FY impact of Delhaize Group) to be about €1.3 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 ReportCarrefour (ENXTPA: CA) 4Q and FY16 Trading Update: Growth Slows in France Coresight Research January 20, 2017 Executive Summary Carrefour reported FY16 sales growth of 3.3% at constant currency to €85.7 billion including VAT ex fuel (down 0.7% in reported currency, including fuel). In France, Carrefour’s largest market, FY16 sales fell by 0.5% ex fuel. At constant currency, sales in Asia fell 4.1%, sales in Latin America grew 16.8% and sales in other European countries rose 2.3%. Carrefour said that its omnichannel strategy in France and good momentum in global food sales contributed to its performance in the 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
Insight ReportBurberry (LSE: BRBY) 3Q17 Trading Update: Retail Sales Ahead of Expectations Coresight Research January 19, 2017 Executive Summary Burberry reported 3Q17 retail sales growth of 4% to £735 million in constant currency (22% growth in reported currency), above the consensus estimate of £721 million. Comparable-store sales increased 3% year over year, beating analysts’ estimates of 1%. The strong sales performance in the retail business was driven by exceptional strength in the UK, where comparable sales grew 40% year over year, and a return to growth in the Asia Pacific region. The company did not report sales performance figures for the wholesale and licensing divisions. Burberry maintained its outlook for FY17. 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 ReportBaidu Appoints Microsoft Veteran Qi Lu as Group President and COO Coresight Research January 19, 2017 Executive Summary aidu has appointed former Microsoft executive Dr. Qi Lu to be its Group President and COO, and to oversee the Chinese search giant’s business, with immediate effect. As COO, Dr. Lu is responsible for maintaining the dominance of Baidu’s advertising and search-engine business, and spearhead the company’s initiatives on artificial intelligence (AI). Baidu’s core search and advertising business has been negatively impacted following new regulations released in 2Q16. Prior to joining Baidu, Dr. Lu served as Executive Vice President of the Applications and Service Group in Microsoft, where, until October 7, 2016, he led the company’s work on the Bing search engine, Skype and Microsoft Office. 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) Q416 Trading Update: Strong Sales, but Slightly Below Analysts’ Estimates Coresight Research January 18, 2017 Executive Summary Zalando reported that it expects 4Q16 revenue to grow 25%–26% year over year to €1,086–€1,094 million, according to preliminary figures. The company expects to achieve 4Q16 adjusted EBIT of €81–€104 million, corresponding to an adjusted EBIT margin of 7.5%–9.5%. Management reiterated expectations of delivering FY16 year-over-year revenue growth of 22.9%–23.1%. Following clear profitability improvements, Zalando expects an adjusted FY16 EBIT margin of 5.6%–6.2%, up from 3.6% in FY15. The company will report full and detailed 4Q16 and FY16 results on March 1, 2017. 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) 4Q and FY16 Trading Update: LatAm Business Drives Sales Growth Coresight Research January 18, 2017 Executive Summary Groupe Casino reported FY16 revenues of €36,030 million, up 2.0% from the previous year and up 5.7% on an organic basis. Comps grew by 3.8%. In FY16, French sales grew by 0.3% (+0.8% organic growth) and French comps grew by 0.3%. In Latin America, sales grew 3.6% (+11.4% organic growth) and comps grew 6.6%. E-commerce sales grew 7.9% (+8.8% organic growth) and comps grew 9.5%. Casino estimates the unaudited FY16 trading profit in France amounts to slightly over €500 million. 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 UpdateH&M (STO: HM-B) Monthly Sales Update: Lower-Than-Expected Growth in December Coresight Research January 17, 2017 Executive Summary H&M reported a 6% year-over-year increase in total sales in local currencies in December 2016. This compares to sales growth of 9% in November. The total number of stores grew by 10.7% year over year to 4,379, as of December 31. Sales growth lagged store growth by 466 basis points (bps) in December, expanding from the 188 bps difference in November. 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 UpdateFast Retailing Group (TSE:9983) 1Q17 Results: Revenues Miss Estimates; EPS Jumps on a Weaker Yen Coresight Research January 16, 2017 Executive Summary Fast Retailing Group reported 1Q17 consolidated revenues of ¥528.8 billion, up 1.6% year over year, and missed the consensus median estimate of ¥540.9 billion. Profit before taxes increased by 34.2% year over year to ¥104.2 billion, and diluted EPS jumped 45.1% to ¥682.60, boosted by a weaker yen. The company guides for full-year revenues of ¥1,850 billion, operating profit of ¥175 billion and basic EPS of ¥980.74. 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: Millennial Lifestyles Drive Growth in Apparel Rental Coresight Research January 16, 2017 Executive SummaryOnline apparel and accessory rental services are proliferating. Apparel rental models allow customers to borrow items for a set time period, typically at a meaningful discount to the products’ retail price. Millennials appear to be driving the growth of the apparel rental segment, and three key millennial lifestyle trends are underpinning the segment’s development: The “Instagram effect”—or the desire to be perceived on social media as living a fun, interesting, experience-rich life—combined with celebrity culture and the selfie phenomenon necessitate that millennials have an ever-changing, on-trend wardrobe.Apparel rental services allow consumers to wear a changing selection of major brands without having to spend as much as they would if they bought the items outright. Millennials value experiences over acquiring products. Apparel rentals allow millennials to wear high-end brands at lower cost, and so funnel more of their spending toward services and leisure experiences. Meanwhile, the low priority that millennials attach to owning products makes renting apparel a more viable option for them. Millennials are considered budget conscious, so renting items makes sense for them, especially when it comes to high-worth and expensive items that are used only occasionally. 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 UpdateASOS (AIM: ASC) 1Q17 Update: Strong Sales Prompts Upward Revision to FY17 Sales Guidance Coresight Research January 13, 2017 Executive Summary British online fashion retailer ASOS reported £606 million in retail revenues in 1Q17, up 36% year over year. At constant currency, 1Q17 revenues increased 30% year over year. Strong sales momentum was driven by 18% growth in the UK and 41% growth in international retail sales, at constant currency. Following the strong 1Q17 performance, ASOS has increased FY17 revenue guidance and now expects growth to fall in the range of 25–30%, up from 20–25% previously. The company also stated that FY17 capital expenditures will increase to £150-£170 million, up from the previous range of £120-£140 million. 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 Jan 13, 2017 Coresight Research January 13, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses the cool and innovative gadgets and technology on display at this year’s CES trade show in Las Vegas. Despite reports of a strong holiday season, some retailers are not feeling so jolly. The “Amazon effect” is taking its toll on brick-and-mortar stores, including major brands, but retail has always been in a constant state of change, according to former Walmart US CEO and President Bill Simon. UK retail sales rose by 1.7% year over year in the five weeks from November 27 through December 31. Over the three months ended December 31, food sales grew by 2.4% year over year and nonfood sales grew by 1.3%. During the period, online sales grew by 7.2%, while in-store sales declined by 1.2%. As it deepens its integration with brick-and-mortar stores, Alibaba Group is leading a bid to privatize department store operator Intime Retail for about $2.55 billion. Alibaba originally took a stake in the retailer in 2014, which gave Alibaba access to Intime’s inventory and allowed its online customers to pick up orders from Intime’s physical 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
