Event PresentationThe Shoptalk Startup Pitch Coresight Research May 18, 2016 Executive SummaryWhat Is A Pitch Contest? Startup pitch competitions provide opportunities to startup teams to pitch their idea to a group of investors and industry people. Selecting Our Winners Our distinguished judges will select one “Judge Choice” You, our audience, will select our second winner in our “Audience Choice” Each will win a prize of $25,000 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 ReportL Brands (LB) 1Q16 Results: Managements Lowers Full-Year Outlook to Reflect Challenges at Victoria’s Secret Coresight Research May 18, 2016 Executive Summary L Brands reported 1Q16 adjusted EPS of $0.59 versus guidance that it provided earlier in the month for the high end of $0.50–$0.55. Management was not satisfied with the quarter’s results, particularly at Victoria’s Secret. PINK saw a double-digit increase in sales, and Bath & Body Works posted strong results. Victoria’s Secret’s core lingerie sales were up only slightly (and decelerated sequentially) and beauty category sales were weaker. Trends decelerated as the quarter progressed. Management lowered its full-year EPS guidance to $3.60–$3.80 from $3.90–$4.10 previously. Full-year comps are expected to be roughly flat. The more modest outlook is based on two factors: (1) Victoria’s Secret is expected to see an impact of $0.20, which takes into account both an estimate related to previously announced strategic changes and a deceleration in sales trends, and (2) a plan to develop a company-owned China business is expected to result in an impact of $0.10 related to incremental expenses. 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 UpdateTarget (TGT) 1Q16 Results: Company Provides Softer 2Q Outlook Coresight Research May 18, 2016 Executive Summary Target reported adjusted 1Q16 EPS of $1.29 versus the consensus estimate of $1.19. Total revenues were $16.20 billion versus expectations of $16.31 billion, down 5.4% year over year. Comps increased by 1.2% versus consensus of 1.7%. Store comps were up 0.6% and the digital channel contributed 0.6% to comps. Full-year EPS guidance is unchanged, at $5.20–$5.40. Despite the recent slowdown in consumer trends and the company’s tempered outlook for 2Q16, management believes its prior projections for the full year are still achievable. This document was generated for
Company Earnings UpdateAmerican Eagle (AEO) 1Q16 Results: Strong Results in a Tough Environment Coresight Research May 18, 2016 Executive Summary American Eagle Outfitters reported 1Q16 EPS of $0.22 versus the consensus estimate of $0.18. Total revenues were $749.4 million versus expectations of $731.4 million. Comps increased by 6% versus consensus of 4.6%. Comps for the American Eagle Outfitters brand were up 4% (versus expectations of 3.7%) and comps at Aerie were up 32% (compared to consensus of 15.75%). EPS guidance for 2Q16 is $0.20–$0.21 versus consensus of $0.20. That is based on a comp increase in the low-single-digit range versus consensus of 1.7%. This document was generated for
Insight ReportThe TJX Companies Inc (TJX) 1Q17 Results: Another Strong Quarter; 2Q Off to a Solid Start Coresight Research May 17, 2016 Executive Summary The TJX Companies reported 1Q17 EPS of $0.76 versus the consensus estimate of $0.71. Total revenue was up 10% year over year, to $7.54 billion, versus expectations of $7.29 billion. Comps were up 7% versus consensus of 3.2%. By division, comps were up 6% at Marmaxx, 9% at HomeGoods, 14% at TJX Canada and 4% at TJX International. Comps in every division were driven by strong traffic. Management provided 2Q17 guidance for EPS of $0.77–$0.79 versus consensus of $0.83, and commented that the quarter is off to a “solid start.” Comps are expected to increase by 2%–3% in the period. The company raised its full-year EPS projection to $3.35–$3.42, based on an expected comp increase of 2%–3%. 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 (TGT) Names Mark Tritton as EVP and Chief Merchandising Officer Coresight Research May 17, 2016 This document was generated for
Insight ReportHome Depot (HD) 1Q16 Results: Upside to 1Q, but Results Decelerated Throughout the Period Coresight Research May 17, 2016 Executive Summary Home Depot reported adjusted 1Q16 EPS of $1.44 versus the consensus estimate of $1.35. Total revenue was $22.76 billion versus expectations of $22.38 billion. Comps were up 6.5% versus consensus of 5.2%. Comps for US stores were up 7.4%. By month, comps were strongest in February (up 10.2%), followed by March (up 6.7%) and then April (up 4.3%). Management noted that demand spikes in week-to-week results were driven by variability in the weather. The company estimates that favorable weather added $250 million to sales in the US. Management raised its full-year EPS guidance to $6.27 from $6.12–$6.18 previously; consensus is for EPS of $6.22. Total revenue is expected to increase by 6.3%, versus prior guidance of 5.1%–6%, and to total $94.1 billion, above consensus of $93.82 billion. Comps are projected to increase by 4.9% versus prior guidance of 3.7%–4.5% and compared to consensus of 4.7%. 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 PresentationTop 25 Retail Trends Coresight Research May 16, 2016 Executive SummaryTop Retail Trends Store Traffic Experiential Retail Smart Malls Retail Store Closings and Openings Owning Grocery Moving to Omni Evolving Pure Plays Winner-Take-All E-Commerce Loyalty Programs Social Media 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 May 15, 2016 Coresight Research May 15, 2016 Executive Summary Stores are offering sales on warm weather products, such as outdoor party items, summer apparel and footwear, and summertime snacks. Department stores are promoting more online-only sales and exploring the buy-online, pick-up-in-store 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
Insight ReportJCPenny (JCP) 1Q16 Results: Comp Trends Favorable over the Last Few Weeks, Though Apparel Still Challenging as a Category Coresight Research May 13, 2016 Executive Summary JCPenney reported 1Q16 adjusted EPS of $(0.32) versus the consensus estimate of $(0.38). EBITDA was $176.0 million, beating the consensus of $129.1 million. Total revenues were $2.81 billion versus consensus of $2.92 billion. Comps were down 0.4% versus consensus of 3.2%. Comps were positive in February, then turned negative in March and early April before turning positive again at the end of April. Management maintained most of its prior guidance for the full year, with the exception of its expectations for gross margin, which it now expects to increase by 10–30 basis points versus 40–60 basis points previously. 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 : The Cambridge Satchel Company Building a British Brand Coresight Research May 13, 2016 Executive Summary The Cambridge Satchel Company has built its success on offering a highly distinctive, quality product as well as its innately British identity. This has appealed to international shoppers, and the company has courted Chinese shoppers through marketing activities in China and selling on Tmall. Since 2013, The Cambridge Satchel Company has operated a limited number of its own shops in high-footfall and prestigious locations that attract overseas tourists. Product diversification is supporting the company’s growth. We met the product-development teams at the company’s main factory, and saw some of the designs, such as smaller bags, they are cultivating in order to draw in more shoppers. 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 Presentation6 Retail Trends and 7 Ways Amazon Is Changing Everything (Ecommerce Media Forum) Coresight Research May 12, 2016 Executive SummaryA Unique Combination Of Retail, Fashion And Tech Fung Global Retail & Technology advises retailers, real estate developers and tech companies on projects situated at the intersection of retail, tech and/or fashion. Our team offers a robust knowledge bank and significant experience in the retail, fashion and tech fields. We are involved in many areas of the business and believe this allows us to offer a unique perspective by focusing on the future and where the sector is heading. 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 ReportKohl’s (KSS) 1Q16 Results: Top-Line Challenges in 1Q; Consumers Are “Not Buying Apparel” Coresight Research May 12, 2016 Executive Summary Kohl’s reported adjusted 1Q16 EPS of $0.31 versus the consensus estimate of $0.37. Total revenues were $3.97 billion, below consensus of $4.13 billion. Comps declined by 3.9%, below consensus of a 0.2% increase. Management noted that sales in the quarter were challenging. Transactions per store, a proxy for traffic, were down 4.1% in the period. Management also commented that apparel was an area of weakness, as consumers are “not buying apparel.” While management did not update its full-year guidance, it commented that it plans to focus on same-store sales and SG&A. 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 ReportZalando (FRA: ZAL) 1Q16 RESULTS: OPERATING PROFIT HIT BY INVESTMENT IN TECHNOLOGY AND LOGISTICS Coresight Research May 12, 2016 Executive Summary Zalando reported 1Q16 revenue growth of 23.7%, to €796.1 million, which was below the consensus estimate of €804.2 million. Adjusted operating profit was down 30.6%, to €20.2 million, versus consensus of €19.7 million. Investment in technology and logistics hit operating profit in the quarter. Zalando expects to deliver 20%–25% revenue growth and an adjusted EBIT margin of 3.0%–4.5% during FY16. 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 ReportDillard’s (DDS) 1Q16 Results: Another Department Store Puts Up Subpar Results Coresight Research May 12, 2016 Executive Summary Dillard’s reported 1Q16 EPS of $2.17 versus the consensus estimate of $2.52. Total revenue was $1.54 billion versus consensus of $1.57 billion. Comps were down 5% versus analysts’ expectations of a 2.3% decline. Sales trends were strongest in shoes. Weaker categories were home and furniture, women’s accessories and lingerie. Sales trends were strongest in the Eastern region, followed by the Central and Western regions, respectively. 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
