Unilever reported 3Q19 revenue of €13.3 billion, slightly above the consensus of €13.2 billion and up 2.9% year over year.
Swiss luxury group Richemont’s e-commerce subsidiary Yoox Net-a-Porter has opened a flagship store on Tmall Luxury Pavilion to provide Chinese consumers with curated selections of more than 130 luxury and designer brands.
Well-designed loyalty programs offer retailers the opportunity to gain a larger share of wallet and increase customer retention. In this report, we examine best practices for implementing loyalty programs and how retailers can leverage consumer data to drive growth, as well as emerging trends in this field.
QUESTION OF THE WEEK: Which Are the Largest Unstaffed Retail Store Operators in China?
On October 15, 2019, Coresight Research’s Shanghai team attended Global Tech Advocates Summit in Shanghai. The first-ever annual summit aims to promote and encourage collaboration across different tech hubs. The summit focused on the technology and collaboration among companies between UK and China.
This week's note "From the Desk of Deborah Weinswig" looks at how three electronics retailers have thrived in the online shopping age, and the lessons they offer to retailers in other sectors.
The use of data analytics is powering digital transformation in retail, from supply chain and in-store inventory management to customer service and engagement. In this report, we offer key insights into the growing adoption of analytics by the retail sector.
Animation, comics and gaming content is growing steadily in popularity in China amongst young consumers. Recognising the potential of this economy, brands and retailers are beginning to promote their products through Bilibili, a video-sharing platform for animation-focused user-generated content.
While China’s economic growth has slowed, Golden Week remains a prime opportunity to spur consumer spending. This year, we saw an acceleration in the rate of total spending, driven by sales growth in retail, catering and travel. Activities surrounding the 70th anniversary of the founding of the People’s Republic of China and extended retail hours contributed to the strong increase in spending.
“Unstaffed” is a new store format that has emerged in recent years around the globe. In this report, we look at the development of this concept and associated technologies, as well as the challenges that unstaffed stores present to retailers.
LVMH reported 3Q19 sales of €13.3 billion, a 17.0% increase on a reported basis, and the Fashion & Leather Goods business grew sales 22.2% compared to the year-ago period. By region, Japan was the best-performing market over the quarter.
Fast Retailing reported FY19 revenues of ¥2.29 trillion ($48.1 billion), up 7.5%, and operating profit of ¥275.0 billion ($2.55 billion), up 9.1% from ¥225 billion ($2.09 billion) in the year-ago period.
This week’s note “From the Desk of Deborah Weinswig” looks at disruption that the rise of private labels is causing for CPG brands, prompting them to expand their direct-to-consumer channels.
With one month to go until Singles’ Day, we discuss the rules for merchants for this year’s 11.11 Global Shopping Festival and what merchants need to know to grow sales during promotional events on Alibaba’s e-commerce platforms.
China sees a number of festivals and holidays that retailers and brands can tap with marketing and promotional campaigns