Analyst CornerWeekly Insights Nov 20, 2015 Coresight Research November 20, 2015 Executive Summary This week, our Hong Kong FBIC Global Retail & Technology team held a well-attended Disruptors cocktail party at the Hive meeting area in our Hong Kong headquarters US supermarket chain Kroger will acquire Roundy’s, in a deal is valued at about $800 million, which will enable Kroger to benefit from Roundy’s small but successful grocery chain, Mariano’s UK grocery retailer Asda launched a new click-and-collect service on November 11 called ToYou, which allows customers to collect and return—at any Asda store—orders placed with third-party retailers Amazon launched Prime Pantry in the UK on November 13, which allows Amazon Prime customers to fill a 20 kg box with items chosen from a range of 4,000 everyday essentials and have them delivered for a flat £2.99 delivery fee (US$4.54) This document was generated for
Insight ReportThe Ahold-Delhaize Merger: Complementary Businesses with opportunities for growth Coresight Research November 20, 2015 Executive Summary Ahold and Delhaize’s merger is expected to close in mid-2016 creating one of the largest food retailers in the US and a major player in Europe. Ahold Delhaize will be the world’s ninth-biggest grocery retailer. In the US, it will move into fourth position, between third-place Albertsons and fifth-place Publix. In the US, the merger is another step in the consolidation of the grocery sector. The announcement of the merger followed the completion of the Albertsons-Safeway and Kroger-Harris Teeter mergers, and it preceded Kroger’s recent announcement of its plan to acquire local retailer Roundy’s. The companies estimate that they will generate €500 million in cost savings. This will equate to a boost of roughly 100 basis points to the combined operating margin, based on our estimates, which is significant given the low single digit operating margins the companies generate. We see the merged company as one that will be more capable of responding to changing consumer demands—for convenience, for home delivery and for healthier foods—than the constituent firms are independently. 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 ReportLenovo Happy Investors, Despite Lenovo’s First Loss in Six Years Coresight Research November 20, 2015 Executive Summary On November 12, Lenovo reported a net loss of US$714 million in its second-quarter results for fiscal year 2016. The loss was the first in six years, but the results were better than analysts had anticipated. Lenovo faces declining PC sales and growing competition in smartphones in China. One-off costs impacted profits, but a restructuring is expected to improve the company’s competitiveness. This document was generated for
Insight ReportOctober 2015 UK Retail Sales & E-Commerce Briefing Coresight Research November 19, 2015 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 October UK Retail Sales Report: Following an unexpectedly strong September, total retail growth in the UK returned to its weakening trend in October Total sales rose by just 0.8% year over year. To show the medium-‐term trend more clearly, Falling sales at grocery stores are contributing, but nonfood retailers’ growth has softened across 2015 (September excepted). 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 ReportUS E-Commerce Monthly Briefing: Desktop E-Commerce Sales Grew By 8.6% In October Coresight Research November 18, 2015 Executive Summary In October, US online retail sales+8.6% made via desktops (excluding auction sites, event tickets and nonretail travel) rose by 8.6% year over year, to $19.3 billion, according to comScore. Including auction sites but excluding event tickets and nonretail travel, those same sales rose by 8.3%, to $21.1 billion. Total online spending from desktops rose by 7.6%, to $31.7 billion. 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 PresentationDisruptors – Physical and Digital Coresight Research November 15, 2015 Executive SummaryAGENDA Overview The Disruptors Tech Trends Appendix 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 Nov 13, 2015 Coresight Research November 13, 2015 Executive Summary We offer a preview of our forthcoming report, European Grocery Discounters, which will focus on Aldi and Lidl and the impact on their newer markets, such as the US Kroger will acquire grocer Roundy’s for $178 million in order to gain market share in the Midwest, offering a 61% premium over the recent closing price. The deal is expected to close by year-end Spanish fashion company Mango is ending its partnership with American retailer JCPenney. Mango will discontinue selling its clothing in 450 JCPenney stores in the US next year MIT announced that it will open an “innovation node” in Hong Kong next summer, which will facilitate physical or virtual collaboration between MIT and Hong Kong students This document was generated for
Deep DiveConnected Home Series: Smart Home Security Coresight Research November 10, 2015 Executive Summary The top reason for adopting a smart home is security. Smart home security systems come with a host of advanced features that outdo their traditional counterparts. Companies that professionally install and monitor security devices hold 93% of the market share while those that sell devices and smart security systems that are installed and monitored by customers hold 2.3%. The last category of self-installed and self-monitored security system companies is expected to command 34% of the market in five years, says Citibank. 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 ReportPlukka Disrupting The Fine Jewelry Industry Since 2011 Coresight Research November 9, 2015 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 Nov 6, 2015 Coresight Research November 6, 2015 Executive Summary Pinterest’s Buyable Pins are now available on Android devices, expanding their reach by 1.4 billion. Pinterest also launched a landing page called Pinterest Shop German banks have unveiled Paydirekt, the result of an industry-wide cooperation between German private, cooperative and savings banks Coty announced the purchase of Hypermarcas’ beauty businesses for about US$1 billion. Included in the acquisition are leading Brazilian hair care, hair color, nail care, men’s and skin care brands This document was generated for
Company Earnings UpdateMARKS & SPENCER FIRST HALF DASHES HOPES OF RECOVERY IN APPAREL Coresight Research November 4, 2015 Executive Summary Group sales were up 1.4% at constant exchange rates, or 1.0% in British pounds. UK general merchandise sales were down 0.4%, with comps down 1.2%. UK food revenues were up 3.3%, with comps up 0.2%. Gross margin on general merchandise climbed 285 basis points, due to sourcing gains and less discounting. Underlying operating profit was up 3.8% and underlying profit before tax was up 6.1%. Basic earnings per share were up 4.9%, to 14.1p. This document was generated for
Insight ReportPRIMARK TEPID COMPS AND A HIT TO MARGINS AT PRIMARK Coresight Research November 4, 2015 Executive Summary Primark sales were up 13% at constant exchange rates and up 8% in British pounds. Spain, Portugal and Ireland performed “very well,” and UK comps were positive. Operating profit was up 5% at constant foreign-exchange rates and up 2% in British pounds. Operating margin was down 79 basis points, to 12.6%. Parent company Associated British Foods is a conglomerate and does not report further measures of profitability at the level of its Primark segment. 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 ReportINTERVIEW with ronen lazar, CEO of inturn Coresight Research November 4, 2015 Executive Summary INTURN, founded in 2013, is the first online marketplace built to enable brands and retailers to efficiently and confidentially buy and sell excess inventory on a global scale. It is a win-win solution for both brands and retailers to replace the existing time-consuming and error-prone liquidity process driving the off-price industry. The off-price marketplace for apparel and accessories consists of $250 billion of excess inventory sold globally every year. This represents over 20% of the $1.2 trillion global retail market for apparel and accessories that cannot be sold at full price. The inventory is later sold at a significant discount. INTURN has created a seamless and efficient process for the exchange of goods between businesses in the growing global off-price marketplace. Brands win because they liquidate and maximize the value of their products through faster negotiations with optimal buyers and intelligently priced product. Retailers win because they can see more available product and confidently buy product they know they want at a price they deem appropriate based on cost analysis. 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 Oct 30, 2015 Coresight Research October 30, 2015 Executive Summary This week, members of the FBIC US team attended the Kroger and Ascena Investor Days and spoke at the Decoded Fashion New York Summit Walgreens Boots Alliance announced an agreement to acquire Rite Aid, which would bring together the #1 and #3 retail pharmacy companies creating a pharmacy giant with over 13,000 stores Lord & Taylor said it plans to open its first off-price store, called Find @ Lord & Taylor. The new Find concept is designed to appeal to a younger, millennial audience at a lower price point Online artisan marketplace Etsy launched its delivery service, Etsy ASAP, which will service select parts of Manhattan, Brooklyn and Queens for a flat fee of $20 with same-day or next-day delivery This document was generated for
Event Presentation3Q2015 Recap and Holiday Preview Coresight Research October 29, 2015 Executive SummaryAgenda: Introductions Q3 2015 Weather Insights Holiday 2015 Weather Outlook Q3 Business Trends & Results Holiday 2015 Trends & Impacts Click here to read Coresight’s coverage on US holiday retail and gain key retail insights for 2019 and prior years. 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
