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. 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. 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. This document was generated for
Event CoverageTarget Techstars Demo Day Sep 20, 2016 Coresight Research September 23, 2016 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
Insight ReportINDITEX (BME: ITX) 1H17 RESULTS: IMPRESSIVE COMPARABLE SALES AND EPS IN LINE Coresight Research September 22, 2016 Executive Summary Inditex reported 1H17 normalized earnings per share (EPS) of €0.40, an increase of 7.7% over 1H16 and in line with the consensus estimate of €0.40. The company reported revenue increased by 11.1% to €10.47 billion, above the consensus estimate of €10.43 billion. Comparable-store sales in 1H17 increased an impressive 11% year over year, at constant currency. Earnings before interest and tax (EBIT) increased 7.9% to €1.6 billion, slightly above the consensus estimate of €1.59 billion. The company’s 1H17 EBIT margin contracted by 50 basis points year over year to 15.3%. Inditex’s results were supported by store and online expansion and strong comps. In FY17, the company plans to expand its store network and e-commerce operations in order to continue increasing revenue and profitability. 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 ReportESPRIT (330 HK) FY16 RESULTS: TURNAROUND HELPED BY COST REDUCTIONS Coresight Research September 21, 2016 Executive Summary Esprit announced a net profit of HK$21 million for FY16, a turnaround from the net loss of HK$3.7 billion reported in FY15, due to productivity gains in its retail operations and cost reductions. Improved profitability in FY16 indicated that execution of the group’s strategic plan to develop vertical and omni-channel models is on track. By region, Germany registered positive growth in retail sales, while Asia Pacific remained challenging. 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 ReportSears Holdings To Close 64 Kmart Stores Coresight Research September 21, 2016 Executive Summary Sears Holding will close 64 Kmart stores across 28 states by mid-December 2016. Since January 2016, Sears announced it would close 14% of Kmart stores. Over the past three years, Sears Holdings closed 24% of its Sears Holdings and Kmart stores, combined. 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 ReportKingfisher (LSE: KGF) THE UK AND POLAND UNDERPIN STRONG TOP-LINE GROWTH Coresight Research September 21, 2016 Executive Summary British do-it-yourself (DIY) giant Kingfisher posted 1H17 revenues of £5,749 million, up 6.8% as reported, or 2.7% at constant currency. Comparable sales growth at constant currency was 3.3%. The top line beat consensus of £5,707 million. Gross margin was dented by the growth of Screwfix and markdowns in the UK, but was recouped by gains in Poland and France. Net profit crept up 0.9% and diluted earnings per share (EPS) climbed 3.7% and beat the consensus. 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
