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Search resuls for: "Coresight Research"


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☆ Few stores closed in 2022. UBS says get ready for that to change in 2023, starting with department stores
  + stars: | 2022-12-19 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +3 min
After a record number of store closures in 2020, retailers have shuttered far fewer doors over the last two years, but that may be about to change, especially for department stores, according to UBS. He also said that he believes the lack of store closures has made it harder for retailers to grow sales. Compares got tougher in 2Q22 as the industry lapped the big store closures. Our view is tough compares remain a reason Department Store sales will remain under pressure in the 1H23." Instead, he said, many store closures that would have occurred in 2021 or 2022 were accelerated by the pandemic.
☆ Dollar General's new Popshelf stores chase inflation-weary shoppers in the suburbs
  + stars: | 2022-12-13 | by ( Melissa Repko | ) www.cnbc.com   time to read: +3 min
In this article DG Follow your favorite stocks CREATE FREE ACCOUNTwatch nowHigher incomes, higher profitsPopshelf is designed to drive higher sales and higher profits than the Dollar General store banner. Each Popshelf store is projected to hit between $1.7 million and $2 million in sales annually with an average gross margin rate that exceeds 40%. Inside of Popshelf stores, the brands and items on shelves reflect that customer. Dollar General is the fastest-growing retailer in the country by store count, according to Coresight Research, a retail-focused advisory firm. The company plans to open about 1,050 new stores in the U.S. in the coming fiscal year — including the Popshelf locations.
☆ Analysis: Pickup in U.S. 'Cyber Week' sales beat China's Singles Day gain
  + stars: | 2022-11-29 | by ( Siddharth Cavale Uday Sampath Kumar Casey Hall | Siddharth Cavale | Uday Sampath Kumar | ) www.reuters.com   time to read: +4 min
U.S. shoppers spent $35.27 billion online overall during Cyber Week, the period from Thanksgiving through Cyber Monday. But the modest pickup trounced the paltry 2.9% increase in sales during China's Singles Day, an 11-day shopping festival ending November 11, hosted by Alibaba and other Chinese e-commerce firms. Originally, Singles Day was an unofficial Chinese holiday on Nov. 11 (11/11) to celebrate people who were not in relationships. These days, brands use Singles Day to clear inventory and experiment with new products. With the COVID-19 pandemic still raging in China, "it wont be fair to can compare" Singles Day with Cyber Week, Chernev said, as Americans are shopping with fewer restrictions.
☆ JCPenney was once a shopping giant. Can it make a comeback?
  + stars: | 2022-11-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +14 min
People walk past a JCPenney store at the Queens Center Mall in New York in 2016. The Denver Post/Getty Images Shoppers hurry across an intersection in front of a JCPenney store in Denver in 1964. Anne Cusack/The Los Angeles Times/Getty Images Customers shop at a new JCPenney store in New York in 2009. Mary Altaffer/AP A customer goes down an escalator at a JCPenney store in Westminster, Colorado, in 2009. Don Emmert/AFP/Getty Images JCPenney CEO Jill Soltau speaks during an interview in Fort Worth, Texas, in 2019.
☆ China’s Singles Day sales could top 1 trillion yuan even as the economy cools
  + stars: | 2022-11-11 | by ( Michelle Toh | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN Business —China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. Singles Day usually eclipses two of the world’s most popular sales events — Black Friday and Cyber Monday — combined. Xiaofeng Wang, a principal analyst at research firm Forrester, told CNN Business that she believed Singles Day sales would cross the trillion-yuan mark this week. In 2021, the tally for Singles Day rose 13%, “the smallest advance ever,” according to an analysis by Bain & Company. Singles Day “isn’t going anywhere,” concluded James Yang, a Hong Kong-based partner at Bain.
☆ What would a Kroger-Albertsons merger mean for grocery prices?
  + stars: | 2022-10-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +6 min
A Kroger-Albertsons merger could reshape the grocery industry. The companies say they will divest hundreds of stores in areas where they overlap to win regulatory approval. Albertsons has higher prices than Kroger and other grocers, analysts say, and they predict Kroger will try to reduce Albertsons prices to be more competitive against discount chains like Aldi. Antitrust advocates say the merger would force out competition and concentrate power among the largest chains, driving up prices. A Kroger-Albertsons merger would spark a fresh wave of mergers and acquisitions as companies seek to keep up, analysts predict.
☆ Poshmark is the latest company to tap into the $25 billion livestream shopping market. Here's how entrepreneurs are making thousands of dollars per stream.
  + stars: | 2022-10-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com   time to read: +15 min
Li did not disclose how applications are vetted, but Popshop Live is accepting more applications as the company's team grows, she said. Virgile Ollivier, a cofounder and the CEO of Livescale, told Insider livestream shopping would soon become just as important for brands as social-media marketing. Livestream-shopping platforms pick up where Instagram falls shortApps focused solely on livestream shopping show a disconnect on traditional social-media platforms. Nguyen designed her own characters for merchandise in addition to the squishy and plushy toys she sells on Popshop Live. Most sellers livestream at least once a week, at the same time so their followers always know when to expect a show.
☆ 'Black Friday is here': Holiday sales are already on, with record-breaking deals
  + stars: | 2022-10-13 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +1 min
Amazon's Prime Early Access Sale may be over, but the discounts have only just begun. "Black Friday is here," said Julie Ramhold, a consumer analyst at DealNews.com, noting that sales that traditionally rolled out on the Friday after Thanksgiving Day are starting earlier this year. In addition to Amazon, big-name retailers like Target, Walmart and Best Buy are also getting a jump on the holiday shopping season with discounts on all types of gifts. Excess inventory is playing a role in the price cuts, said Deborah Weinswig, founder and CEO of Coresight Research. Shoppers should look for retailers to experiment with pricing strategies, as well, Weinswig predicted, including more discount codes and bundled offers.
☆ The decline of the American mall has left just 700 still standing. Soon there may be just 150 left.
  + stars: | 2022-10-12 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
There may be just 150 malls left in the US in 10 years, according to one industry watcher. Other industry watchers predict a similarly painful fate for malls and retail stores more generally. In April, analysts at UBS projected that 40,000-50,000 American retail stores would shut down by 2027. They said traditional shopping malls are at particularly high risk because shoppers now prefer to make quick trips to close-by stores, per CNBC. According to Egelanian, the malls that will weather the storm will be premium locations with entertainment, dining, and luxury stores.
☆ How Blackstone, the private equity giant behind cult-favorite sunscreen Supergoop, is thinking about its next big consumer bet
  + stars: | 2022-09-26 | by ( Michelle Abrego | ) www.businessinsider.com   time to read: +6 min
The growth of e-commerce has opened new private equity opportunities, a top investor said. The $941 billion private equity firm took a majority stake in Supergoop last December. The investment valued Supergoop, which makes sunscreen and sun protection-focused makeup, at some $600 million to $700 million at the time, Bloomberg News reported. "What is at work here is the colossal, growing nature of private equity everywhere," said Carter Dougherty, communications director for the progressive advocacy coalition Americans for Financial Reform. Some $78 billion of that is in private equity, with the rest across real estate, hedge fund solutions, and credit and insurance, according to filings.
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