Insight ReportWeekly Retail Promo Update Apr 17, 2016 Coresight Research April 17, 2016 Executive Summary Stores are offering more outdoor products and warm weather items. Department stores are offering deep discounts on clearance items to make way for spring and summer items. Department stores are currently offering more member-only rewards and promotions. 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’Oréal (EPA: OR) 1Q16 Results: A Solid Start to the Year Coresight Research April 16, 2016 Executive Summary L’Oréal reported 1Q16 revenue growth of 1.8%, to €6.55 billion, beating consensus of €6.48 billion. L’Oréal Luxe, which grew by 4.4%, was the fastest growing division, while North America, which grew by 5.8% in reported currency, was the most dynamic geography. The company expects to outperform the cosmetics market in 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
Analyst CornerWeekly Insights Apr 15, 2016 Coresight Research April 15, 2016 Executive Summary This week, the Fung Global Retail & Technology team attended the World Retail Congress 2016 in Dubai, and we published individual flash reports following each day of the three-day conference. At the end of the second day of the event, we also received a guided tour of the impressive Mall of the Emirates. Digital publishers are beginning to shift away from traditionally built websites and are focusing on publishing content directly on social media, as that is where young consumers are increasingly spending their time. Amazon UK customers may soon be able to use Barclays Bank branches as delivery collection points. According to reports, the bank has been trialing delivery lockers at a few sites across London, and a full rollout is expected should the initiative be a success. Amazon says it already operates over 13,000 pickup locations across the UK. French luxury brand Chanel has expanded its e-commerce offering to customers in Belgium and the Netherlands. The online product range is limited to beauty products, and includes perfumes, skincare and makeup. Shoppers get free shipping for orders that exceed €100, but orders below the limit will incur a delivery fee of €10. This document was generated for
Flash ReportCarrefour (ENXTPA: CA) 1Q16 Results: Sales (Incl. VAT) Down 4.5%, Hit by Weak Fuel and FX Coresight Research April 15, 2016 Executive Summary Carrefour reported 1Q16 revenue (including VAT) of €20.1 billion, down 4.5% from €21.0 billion in 1Q15. Group comparable sales grew by 3.1% at constant exchange rates, excluding fuel and on a comparable calendar basis. The increase was driven by 5.3% growth in the company’s international markets; growth was flat in France. Carrefour will focus on expanding and modernizing its store network, and on accelerating digital transformation throughout the company, during the year. This document was generated for
Event PresentationFrom Wall Street to Main Street (Global Retailing Conference) Coresight Research April 14, 2016 Executive SummaryWall Street Career: The Changing Landscape In 17 years on Wall Street (1997–2013) Career began in the go-go years of the tech bubble Research directors were saying, “Multiples don’t matter…” 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 ReportDebenhams (LSE: DEB) 1H16 Results: Pretax Profit Up 5.5%, CEO Confirms Exit Coresight Research April 14, 2016 Executive Summary British department store chain Debenhams reported revenue of £1,327 million for 1H16 (ended February 2016), up 0.1% from 1H15. Gross transaction value (GTV) grew by 1.6% year over year, to £1,629 million, broadly in line with consensus. Basic and diluted EPS was 6.2 pence, up 5.1% from 5.9 pence in the same period in FY15 and in line with consensus. The company confirmed that CEO Michael Sharp will resign this year. Management added that it remains on track to deliver full-year results in line with market expectations. Debenhams also reiterated its FY16 guidance of gross margin growth of flat–50 basis points, among other figures. This document was generated for
Flash ReportBurberry (LSE: BRBY) 1H16 Results: In-Line Results Driven by Digital Channel Growth and Product Innovation Coresight Research April 14, 2016 Executive Summary Burberry reported 1H16 revenue of £1.4 billion, down 1% from 1H15 but in line with the consensus estimate. In the retail segment,comparable sales for the period were down2%,but up 1% excluding Hong Kong and Macau. For FY17, the company plans to open 15 mainline stores in its retail segment, which are expected to contribute low–‐single–‐digit growth to total retail revenue. Burberry Expects a 10% decline in the wholesale This document was generated for
Flash ReportUnilever (LSE: ULVR) 1Q16 Results: Solid Sales Growth and Share Gains Obscured by Currency Headwinds Coresight Research April 14, 2016 Executive Summary Unilever reported 1Q16 revenues of €12.5 billion, down 2.0% year over year and below the consensus estimate of €12.8 billion. The decline was primarily driven by a negative currency impact of 7.1% that more than offset sales growth of 4.7%. Sales in the Personal Care segment increased by 5.8% year over year, while revenues in the Food segment increased by 1.9%, revenues in the Home Care segment increased by 7.0% and revenues in the Refreshment segment increased by 3.8%. By region, sales in Asia increased by 5.0%, sales in the Americas increased by 8.5% and sales in Europe declined by 0.6%. Sales in emerging markets grew by 8.3%. This document was generated for
Insight ReportGroupe Casino (EPA: CO) 1Q16 Results: Sales Rise in France, but Foreign Exchange Weighs on Revenues Coresight Research April 14, 2016 Executive Summary Groupe Casino reported revenue of €9.7 billion in 1Q16, a decline of 10.6% from 1Q15’s restated revenue. A difficult trading environment in Brazil and the effect of foreign currency exchange negatively impacted the group’s results. Revenue growth accelerated in France, owing to the performance of the group’s discounters and hypermarkets. 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 ReportSonia Syngal Appointed to Lead Old Navy Coresight Research April 14, 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 ReportCARAA: THE NEW HANDBAG THAT BRIDGES HIGH FASHION AND FUNCTIONALITY Coresight Research April 12, 2016 Executive SummaryWe recently met with Aaron Luo, the CEO of Caraa, a luxury athletic handbag brand based in New York City. The company’s first product is a bag that fits into the metropolitan’s woman’s wardrobe by bridging high fashion and functionality. Luo spent some time with us to tell us about the vision behind Caraa and how he sees the brand evolving in the future. 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 (LON: ASC) 1H16 Results: Beats Consensus on Earnings with Strong Results Coresight Research April 12, 2016 Executive Summary ASOS reported 1H16 revenue growth of 21.2%, to £667.3 million, which was in line with the consensus estimate. Diluted adjusted EPS was up 15.3%, to 20.3 pence, versus consensus of 19.0 pence. EBIT was up 16.6%, to £21.0 million, beating expectations of £19.9 million. EBT was up 17.8%, to £21.2 million, above the consensus of £20.3 million. Profit for the period was £15.2 million, an increase of 6.3% versus 1H15. ASOS continued to invest in price, fulfillment and marketing, and the company reported strong revenue growth in the UK, the US and the EU. The company decided to discontinue its in-country operations in China after having incurred losses there. It expects to deliver results that are in line with market expectations for the remainder of FY16. This document was generated for
Insight ReportLVMH (ENXTPA:MC) 1Q16 Results: Revenues Grow by 3.6%, but Miss Estimates Coresight Research April 11, 2016 Executive Summary LVMH reported revenues of €8,620 million in 1Q16, up 3.6% from €8,323 million in 1Q15 but missing the consensus estimate of €8,740 million. Organic growth for the quarter was 3.0%. The company commented that its US market is strong and that while most of Europe seems stable, business in France has been affected by a fall in tourism. 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 Apr 10, 2016 Coresight Research April 10, 2016 Executive Summary To take advantage of the changing season, CVS is offering a promotion on allergy medications. Kmart is promoting a spring home sale this week, with discounts on bedding, towels and other home goods. Target is offering a promotion on home goods for the change of season, harnessing the spring-cleaning trend. 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 April 8, 2016 Coresight Research April 8, 2016 Executive Summary This week’s From the Desk of letter discusses untapped opportunities in the European off-price space, which was long the exclusive domain of the TJX Companies. We think there are real opportunities to develop the off-price segment in Europe, especially in Germany. 75% of suppliers and importers “expect retail sales to significantly outpace gross domestic product for the spring and summer shopping season,” according to a recent survey. Respondents also expect retail sales to grow by 4% or more, which is greater than the 2–3% gain expected by economists. Swedish fast-fashion chain H&M announced that it has launched transactional websites for customers in Croatia, Estonia, Latvia, Lithuania, Slovenia, Luxembourg and Ireland. Shoppers will be able to shop the same collections online as those in-store, plus some exclusive “online-only” items. Singapore-based startup Pouch introduced NFC wristbands that are becoming popular among event organizers, solving problems including security, theft, fraud, event flow and control for organizer. Guests can pay for goods using the wristbands, eliminating the need to carry cash. This document was generated for
