Executive Summary

  • At Old Spitalfields Market, in the heart of London’s tech and financial center, a modern lifestyle concept store for men—The Dandy Lab—recently opened its doors.
  • We visited the store, which fuses fashion, lifestyle and technology, and were given a private tour by one of its co-founders, Julija Bainiaksina, who demonstrated to us a shopping experience that combines retail with technology.

Executive Summary

Coresight 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 US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato.

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Executive Summary

  • In the first half of fiscal year 2016, Tesco’s group sales (excluding fuel) were down 1.9% in British pounds, or down 0.3% at constant exchange rates.
  • UK comps were down 1.1%, but maintained the improving trend seen in the second half.
  • International comps were positive, at 1.0%, on a continuing operations basis.
  • Group operating profit pre-exceptionals was down 54.6% year over year, to £354 million.
  • This yielded a first-half operating margin of 1.5%, an improvement on the fiscal year 2015 margin of (0.5)%.

Executive Summary

  • Despite its controversial advertisements and the scandals surrounding its founder and former CEO, in the end, what matters for American Apparel is customer demand.
  • On August 17, 2015, the company reported that it had experienced its 10th consecutive quarterly loss in the second quarter, with sales falling 17%.
  • The company subsequently filed for bankruptcy on October 5, which will lighten its debt load and let its new management team begin the company’s turnaround.

Executive Summary

  • Ralph Lauren will step down from the CEO role at the company he founded nearly 50 years ago. Lauren will remain with the company as Executive Chairman and Chief Creative Officer
  • Walmart said it is expanding its free grocery pickup service for online orders in eight new markets, and will add additional markets soon
  • Amazon has begun selling chilled food products through its website in the UK to customers in Birmingham, via one-hour delivery on about 50 products
  • Retail store openings are set to increase by 3,900 in Peru over the next five years, and retail sales are expected to grow by 4% annually, despite Peruvians’ preference for traditional shopping channels

Executive Summary

  • Drybar, founded by Alli Webb, is the largest blow-dry chain in the US, with 46 locations in eight states and over 3,000 stylists
  • Drybar provides a seamless and pleasurable blowout experience for $45, compared to the typical salon that charges $60 to $85
  • One of the core components to the “Drybar Experience” is the ability for the salons to serve a glass of champagne or wine to their clients
  • While some companies provide similar styling services, Drybar is more advanced in funding rounds and offers as good if not better price points than its competitors
  • Drybar’s product line is becoming as large as its salon services, currently being sold on QVC and at Sephora and Drybar locations nationwide
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Executive Summary

  • In August, US online retail spending from desktops rose by 7.2% year over year to $18.5 billion, according to comScore’s e‑commerce brief (which excludes auction sites, event tickets and travel).*
  • Including auction sites, spending rose by 7.0%, to $20.4 billion (this excludes event tickets and travel).*
  • Total online spending from desktops rose by 6.4%, to $32.8 billion.
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Executive Summary

  • Our recent report, Global Chinese Shoppers: The $200 Billion Opportunity, a major study that we coproduced with consultancy firm China Luxury Advisors estimates that this group’s overseas retail spending will reach $422 billion by 2020—a 5-year CAGR of 13%
  • Macy’s has dedicated one floor at its Herald Square flagship store called One Below, as its “millennial floor,” which blends fashion, food and technology, including a wearable technology shop and a 3D printing area
  • Amazon has launched two new sites in France, one for grocery and the other for beer, wine and spirits; in total, the two sites will offer 34,000 products
  • International brands are increasingly focusing on opening new stores in shopping malls, particularly destination malls. There are currently 1,800 malls in Latin America, with another 150 under construction

Executive Summary

  • On September 19, WeChat (a division of China Internet giant Tencent) posted a blog entry regarding a security flaw caused by external malware called XcodeGhost that was present in WeChat version 6.2.5 for iOS devices. The malware recorded user data and uploaded it to external servers. WeChat version 6.2.6, which was released on September 11, 2015, is the most recent version of the app and is not affected by the malware.
  • WeChat had 600 million users worldwide as of the second quarter of 2015. Over this past weekend, many companies subsequently updated their apps, and Apple removed the affected apps from its online store.
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Executive Summary

  • Chinese tourists are now the biggest global spenders and the momentum will continue, reflecting the expanding Chinese middle class and a growing base of passport holders.
  • The typical Chinese traveler spends around US$1,678 on retail purchases per overseas trip. The farther they travel, the more they shop.
  • Total overseas spending by Chinese tourists will jump 23% to US$229 billion in 2015, and by 2020, FBIC Global Retail & Technology projects US$422 billion.
  • The most popular overseas shopping categories are clothing, footwear and accessories (bought by 56% of travelers), fragrances and beauty products (52%) and electronics (32%).
  • Total outbound passenger journeys will double by 2020, to approximately 234 million annually.
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Executive Summary

  • This week, we attended Under Armour’s Investor Day, where the company generated positive buzz among sports fans and investors alike with two announcements: one with Stephen Curry and one financial
  • Global Brands Group just closed an acquisition of Joe’s Jeans for $13 million and will hold the long-term license agreement for the brand’s core categories
  • Lidl plans to open 281 new stores, many of them in central London. Lidl currently operates about 70 stores within the M25 motorway that nearly encircles Greater London
  • The Mexican textile industry is expected to grow by 4% this year, to about US$26 billion, aided by a recovery in US exports and strong demand