Food and Grocery

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Insight Report | July 23, 2019 Premium

Insights from China: Alibaba’s Freshippo Launches New Breakfast Pick-Up Store

Alibaba’s supermarket chain Freshippo’s introduction of Pick’n Go leverages China’s growing away-from-home-breakfast market, expected to be worth ¥840 billion (around $126 billion) by 2021. The new store format is also part of Freshippo’s effort to diversify its revenue streams.

Store Tracker | July 18, 2019 Premium

Weekly US and UK Store Openings and Closures Tracker 2019, Week 29: Charming Charlie to Close All Stores

Store closures continued this week, with Charming Charlie announcing it will close all 261 of its stores as its core business is squeezed by increasing competition that is erasing its raison d’etre.

Deep Dive | July 16, 2019 Premium

How “New Retail” Is Changing Eight Retail and Consumer Sectors in China

New Retail is blurring the online and offline commerce in China. We review recent developments in New Retail in eight retail and consumer sectors: e-commerce; consumer electronics; fashion; fast-moving consumer goods and supermarkets; cosmetics and beauty; furniture and home improvement; department stores; and, local services.

Insight Report | July 16, 2019 Premium

June 2019 US Retail Sales: Slowdown Seen Across Sectors, Nonstore Retailers Continue Growth Trajectory

US retail sales rose 2.5% YoY in June, weakening from the 3.2% rise in May with slips across major sectors. Nonstore retailers continued their growth trajectory, with sales rising 11.6% YoY, following May’s 11.7% rise but slower than 12.9% in April.

Insight Report | July 16, 2019 Free Report

Back-to-School Preview: Total Spend Expected to Dip

Total back to school spend expected to dip from last year’s level despite higher average per-person spend as fewer families report having school-age children.

Insight Report | July 12, 2019 Premium

June 2019 US Same-Store Sales: Costco’s Comps Beat Consensus, Buckle’s Men’s Segment Boosts Sales, Cato’s Sales Rise

In June, Costco’s same-store sales growth was slightly above the consensus estimate while e-commerce growth slowed from May’s solid 20.7%.

Insight Report | July 12, 2019 Premium

Kroger: A Timeline of Key Events

In this report, we examine a timeline of key events in Kroger’s recent history that have shaped it into the retailer it is today.

Store Tracker | July 11, 2019 Premium

Weekly US and UK Store Openings and Closures Tracker 2019, Week 28: Target to Open More Small-Format Stores

In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.

Company Earnings Update | July 11, 2019

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Alimentation Couche-Tard (TSX: ATD.B) 4Q19 Results: Revenue Below Consensus, Merchandise and Service Drive Growth

Alimentation Couche-Tard reported fiscal 4Q19 revenue of $13.1 billion, down 3.7% year over year and slightly below the consensus estimate of $13.3 billion. The company reported adjusted diluted EPS of $0.52, down 11.9% year over year and below the consensus estimate of $0.55

Company Earnings Update | July 10, 2019

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Ocado (LSE: OCDO) 1H19 Results: Losses Deepen Due to Andover Disruption; Solutions Growth Hampered by Morrisons Holiday

Ocado reported 1H19 total sales of £882.3 million up 10.9% year over year with retail and solutions revenues growing 10.2% and 20.6%, year over year, respectively.

Store Tracker | July 5, 2019 Premium

Weekly US and UK Store Openings and Closures Tracker 2019, Week 27: Pier 1 Imports to Shut More Stores

Coresight Research tracks news about store closures, openings and bankruptcies. Our Weekly US and UK Store Openings and Closures Tracker focuses on department stores and specialty retail stores, including, but not limited to, those selling softlines, hardlines, consumer electronics, groceries and furniture.

Company Earnings Update | July 5, 2019

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Seven & i Holdings (TSE: 3382) 1Q20 Results: Operating Income Grows in Both Domestic and Overseas Convenience Stores

In 1Q20, ended May 31, 2019, Seven & i reported a 1.3% year-over-year decline in net sales. However, the company’s EPS increased 21.5% in the first quarter.

Company Earnings Update | July 4, 2019

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Sainsbury’s (LSE: SBRY) 1Q20 Trading Update: Comp Decline Worsens, Outlook Remains Bearish

Sainsbury’s reported comparable sales ex fuel fell 1.6% year over year in 1Q10, compared to a 0.9% decline in the previous quarter and missing the consensus estimate of a 1.4% decline recorded by StreetAccount.

Deep Dive | July 3, 2019 Premium

BOPIS: US Retailers Looking for Omnichannel Excellence

In this report, we explain the buy online and pick up in store (BOPIS) model in detail and assess how some US retailers are using this service to enhance their omnichannel retailing.

Insight Report | July 2, 2019 Premium

Grocery Outlet’s IPO: The Discount Context

On June 10, Grocery Outlet Holding announced the pricing for its initial public offering (IPO). We look at the company’s business, its initial public offering and competitors in the discount grocery segment.