Analyst CornerWeekly Insights Sep 30, 2016 Coresight Research September 30, 2016 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses how inventory is the element of multi-channel retailing in which a “seamless” proposition is really important. Saks Fifth Avenue has opened a new store in New York that offers web-inspired features aimed at melding the online and offline experiences. British supermarket chain Sainsbury’s has launched an app called Chop Chop, through which shoppers in selected areas in London can place orders to be delivered within an hour. China’s Alipay payments platform has reached deals with 10 overseas airports and has signed up more than 80,000 merchants worldwide to meet the demand of Chinese outbound tourists. 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 ReportCOSTCO (COST) 4Q16 Results: Costco Beats on EPS Coresight Research September 30, 2016 Executive Summary Costco reported fiscal 4Q16 EPS of $1.77, beating the consensus estimate of $1.73. Net sales were $35.73 billion, up 2.1% from $34.99 billion in the year-ago period. Total comps were flat for the period, and were down 1% in the US, up 2% in Canada and down 2% in international markets. Excluding the negative impact from gasoline price deflation and foreign exchange, total comps were up 3%, and up 2% in the US, up 5% in Canada and up 1% in international markets. The company did not provide guidance for FY17. 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 ReportSainsbury (LSE: SBRY) 2Q17 Results: Sales Decline Worsens, Comps Miss Consensus Coresight Research September 29, 2016 Executive Summary The UK’s second-largest grocery retailer, J. Sainsbury, reported 2Q17 comps down 1.1%, trailing the consensus of (0.8)%. Total sales were down 0.4%. Total sales growth and comparable sales growth both recorded a sequential weakening from 1Q17, while rivals Tesco and Wm Morrison are reporting strengthening performances. Newly acquired Argos posted sales up 3.0% in total and up 2.3% on a comparable-store basis. 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 ReportPier 1 Imports (PIR) Adopts “PoisonPill” Measure to Discourage Takeover Coresight Research September 29, 2016 Executive Summary Pier 1 Imports, under scrutiny by an activist investor, announced late Tuesday that it would institute a shareholder protection plan designed to discourage any single shareholder from acquiring a stake of 10% or more in the company. The adoption of a so-called poison pill plan comes a week after hedge fund Alden Global Capital revealed that it had accumulated a 9.5% stake in the home-goods retailer and that it had plans to take a more active role. Today, the company reported fiscal 2Q17revenues of $405.8 million, down 6.7% from the year-ago period. Comparable sales fell by 4.3%, which was far below the (1)%–1% comp growth the company had expected. Pier 1 also lowered its full-year guidance. The company now expects net sales to decline by 4%–6%; previous guidance called for a decline of 1%–3%. Full-year EPS is now expected to be $0.24–$0.32, compared with$0.32–$0.40previously. 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 PresentationIn-store Technology as Retailtainment (Retail Tech Lounge) Coresight Research September 28, 2016 Executive SummaryWHAT’S IN MY CART TODAY ABOUT FUNG GROUP 2016 YTD RETAIL ENVIRONMENT OVERVIEW 5 WAYS AMAZON IS DOMINATING TOP 12 RETAIL TECH TRENDS 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 ReportBoohoo.com (LON: BOO) 1H17 RESULTS: VERY STRONG PERFORMANCE AND INCREASED GUIDANCE Coresight Research September 28, 2016 Executive Summary British online fashion retailer boohoo.com reported £127.3 million in revenues, in the 6 months ending August 31, 2016, beating the consensus estimate of £126.6 million and up 40.2% from £90.8 million in the 6 months to August 31, 2015. 1H17 constant-currency revenues increased 41% year over year. 1H17 Diluted EPS was 1.01 pence for 1H17, up 124.4% from 0.45 pence in 1H16 and in line with the consensus estimate. Following the strong performance in 1H17, boohoo.com has raised its revenue guidance outlook for the third time this year. The company now expects FY17 revenue growth to fall in the range of +30-35%. The company also stated that it expects an FY17 EBITDA margin of 11%, up 140 bps from 9.6% in FY16. However, this marks a sequential deceleration from the 1H17 EBITDA margin of 13%, as the company will make significant investments in IT systems and e-commerce platforms in 2H17. 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 ReportNike (NKE) 1Q17 Results: Beats on Revenue and EPS; Orders up 5% Coresight Research September 28, 2016 Executive Summary Nike reported fiscal 1Q17 adjusted EPS of $0.73, ahead of the $0.56 consensus estimate and up 9.0% year over year. Revenues were $9.1 billion, up 8.0% year over year and beating the consensus estimate of $8.9 billion. Apparel was the strongest product category in the quarter; revenues were up 9% year over year, and up 12% excluding currency changes. Globally, footwear sales grew by 7%, and by 10% in constant currency. Greater China was the strongest geographic region, with sales up 21% excluding currency changes. The company has reported that futures orders scheduled for delivery from September 2016 through January 2017 are up 5% year over year globally, or up 7% excluding currency changes, with the most significant increases represented by Japan at 26% and Greater China at 15%. 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 ReportTarget’s Chief Digital Officer Departs the Company Coresight Research September 27, 2016 Executive Summary Jason Goldberger, Target’s Chief Digital Officer and President of Target.com, departed the company late last week. The departure follows that of Chief Marketing Officer Jeff Jones, who left the company just weeks ago. Goldberger’s responsibilities will be divided between Chief Information Officer Mike McNamara and Chief Merchandising Officer Mark Tritton. 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 ReportH&M (STO: HM-B) MONTHLY AND 3Q16 SALES UPDATE: GROWTH SLOWS TO 7% IN AUGUST DUE TO HOT WEATHER Coresight Research September 26, 2016 Executive Summary H&M reported total sales grew 7% year over year, in local currencies, in August 2016. Growth in July was 10%. Total store numbers grew by 12.5% year over year, to 4,135 as of August 31. Sales growth lagged store growth by 552 basis points in August, a widening from the 250-basis-point difference in July. 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 ReportFinish Line (FINL) 2Q17 Results: Sales Beat, EPS in Line with Consensus Coresight Research September 26, 2016 Executive Summary Finish Line reported adjusted 2Q17 EPS of $0.53, in line with the consensus estimate but down 7.0% year over year. Revenues were $509.4 million, up 5.4% year over year and above the consensus estimate of $494.8 million. The company saw an acceleration of its footwear business compared to 1Q17, driven by a combination of an improving category assortment and better in-stock positions. Finish Line’s full-year guidance remains unchanged from 1Q17. The company continues to expect comp growth of 3%–5% and diluted EPS of $1.50–$1.56. 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 ReportWeekly Retail Promo Update Sep 25, 2016 Coresight Research September 25, 2016 Executive Summary Bloomingdale’s is offering fewer promotions this week than it did during the same week last year. The retailer offered up to two online-exclusive promotions last year that it is not offering this year. JCPenney is offering more promotions this week versus the same week last year, when the retailer offered customers only a VIP event promotion. JCPenney is offering up to four different promotions this year, including a VIP event similar to last year’s. Kohl’s is running fewer sales this year than it did during the same week last year. The company promoted its Kohl’s Card and Cash last year, but is not promoting them this week. Kohl’s ran sales for more days last year: some lasted up to 10 days, but this week’s sales are running only for up to two days. Macy’s is running a similar number of promotional sales as it did during this week last year. The company is offering a unique Macy’s Money promotion this week. It is also featuring a Clinique promotion this week, while last year it offered an Estée Lauder promotion. 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 Sep 23, 2016 Coresight Research September 23, 2016 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses German hard discounter Lidl’s preparations to enter the US market and what shoppers should expect. At New York Fashion Week, a number of designers grabbed attention as they adapted to the shifting fashion calendar; Tommy Hilfiger’s carnival runway, Tom Ford’s cocktail dinner show and Rebecca Minkoff’s shutdown of a street in SoHo all garnered headlines. However, not everyone in the fashion industry is embracing the see-now, buy-now strategy. Shop Direct’s premium e-commerce banner, VeryExclusive.co.uk, unveiled its first menswear offering on September 20. The offering currently has 25 brands, including Kenzo, Whistles, PS by Paul Smith and Vivienne Westwood, and the company plans to increase the list to about 35 by summer 2017. Japan’s Prodrone has unveiled a dual robot-arm drone, which is able to carry heavy items; grasp objects of varying shape and size; and cut cables, turn dials and flick switches. The drone is also designed to perform tasks in perilous environments. For example, it can retrieve hazardous materials or objects at high altitudes. 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 CoverageTarget Techstars Demo Day Sep 20, 2016 Coresight Research September 23, 2016 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 ReportRite Aid (RAD) 2Q17 RESULTS: ACQUISITION ON TRACK TO CLOSE IN 2H16 Coresight Research September 23, 2016 Executive Summary Rite Aid reported adjusted EPS of $0.03, beating the $0.02 consensus estimate and up from last year’s $0.02. Businesses that contributed to the positive results included its EnvisionRX PBM, and its strong front-end segment. There was some improvement in prescription drug costs, which was offset by challenging reimbursement rates. The company continues to believe that the announced acquisition of Rite Aid by Walgreens will close in the second half of 2016. 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 ReportNordstrom Announces President of Nordstrom.com and Strategic Shifts in Leadership Responsibilities Coresight Research September 23, 2016 Executive Summary Nordstrom has appointed former Executive Vice President of Strategy and Development, Ken Worzel, to the position of President of Nordstrom.com. Worzel served six years as EVP of Strategy and Development where he was responsible for strengthening the company’s competitive position. The company also announced strategic shifts in leadership responsibilities, giving new roles to certain executives. 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
