Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<h2>Headlines</h2><ul><li>Designer apparel and footwear (ready-to-wear) posts 2% value growth in 2016 to reach sales of JPY1,089.8 billion</li><li>Demand from the increasing number of foreign tourists remains relatively low compared to other luxury products</li><li>In 2016, women’s designer suits records the fastest growth at 7% in value terms</li><li>In 2015, global luxury brands continue to lead sales with Louis Vuitton ahead with a 12% category value share</li><li>Designer apparel and footwear (ready-to-wear) is expected to increase at a CAGR of 1% in value sales at constant 2016 prices over the forecast period to reach JPY1,171 billion in 2021</li></ul>

HeadlinesDesigner apparel and footwear (ready-to-wear) posts 2% value growth in 2016 to reach sales of JPY1,089.8 billionDemand from the increasing number of foreign tourists remains relatively low compared to other luxury productsIn 2016, women’s designer suits records the fastest growth at 7% in value termsIn 2015, global luxury brands continue to lead sales with Louis Vuitton ahead with a 12% category value shareDesigner apparel and footwear (ready-to-wear) is expected to increase at a CAGR of 1% in value sales at constant 2016 prices over the forecast period to reach JPY1,171 billion in 2021

Sector Capsule: Designer Apparel and Footwear (Ready-To-Wear) In Japan

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Equity Bottom-Up

<p>Luxury goods retailer <a href="https://www.smartkarma.com/entities/13644" target="_blank" data-smartkarma-citation="entities:13644:1">Coach Inc (COH US)</a> reported December quarter results on the morning of January 31st in New York. Revenue was bang in-line with consensus expectations, and Coach managed to beat EPS expectations slightly on cost control measures. Management guided FY17 (June) Revenue down slightly on weaker International growth, but maintained OP margin guidance. Although Coach's shares rallied on the results, we believe a close examination of the numbers shows that Asian demand for Coach…</p>

Luxury goods retailer Coach Inc (COH US) reported December quarter results on the morning of January 31st in New York. Revenue was bang in-line with consensus expectations, and Coach managed to beat EPS expectations slightly on cost control measures. Management guided FY17 (June) Revenue down slightly on weaker International growth, but maintained OP margin guidance. Although Coach's shares rallied on the results, we believe a close examination of the numbers shows that Asian demand for Coach…

Coach December Results: Negative Implications for Asian Luxury Retail & Chinese Tourist Spending

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

<p><strong>All Hail Caesar (Trump)!</strong> I still remember the time when Obama was elected President. Everyone was celebrating. Japan mentioned they had one city named Obama, and Indonesia was touting how he spent his childhood years there. Of course, Trump is anything but conventional, and neither was his inauguration. Jen here was watching the TV, and mentioned that there were protests in Mexico and Germany about his rise to power...hardly the way to welcome the world's most powerful man. At least, the people…</p>

All Hail Caesar (Trump)! I still remember the time when Obama was elected President. Everyone was celebrating. Japan mentioned they had one city named Obama, and Indonesia was touting how he spent his childhood years there. Of course, Trump is anything but conventional, and neither was his inauguration. Jen here was watching the TV, and mentioned that there were protests in Mexico and Germany about his rise to power...hardly the way to welcome the world's most powerful man. At least, the people…

<h2>Overview: probably more US-China tension ahead</h2><p>Throughout his campaign and in the weeks since the US election, President-elect Trump has shown he's not afraid to ruffle feathers in Beijing. Whether it's accepting a congratulatory phone call from Taiwan's President or posting inflammatory messages via Twitter, Trump's words and actions clearly signal a more contentious relationship between the US and China after Trump officially takes office in about a month. Chinese charges of price-fixing by US…</p>

Overview: probably more US-China tension aheadThroughout his campaign and in the weeks since the US election, President-elect Trump has shown he's not afraid to ruffle feathers in Beijing. Whether it's accepting a congratulatory phone call from Taiwan's President or posting inflammatory messages via Twitter, Trump's words and actions clearly signal a more contentious relationship between the US and China after Trump officially takes office in about a month. Chinese charges of price-fixing by US…

Trump-China Tension = 2012 'Senkaku' Boycotts Redux? Avoid US Consumer Plays Exposed To China

Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

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<ul>
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<strong>Russia:</strong> Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia.</li>
<li>
<strong>Mexico:</strong> Fitch downgrades outlook to ‘negative; on concerns about growth and challenges to public finances.</li>
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<strong>China:</strong> CPI of 2.3% was higher than expected but still below 3% target.</li>
</ul><p>The US Fed outlook for three rate hikes in 2017 is based on flawed assumptions.  They are expecting that the US economy in 2017 is similar to the back half of 2016.  We believe this is a flawed assumption as…</p>



Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia.

Mexico: Fitch downgrades outlook to ‘negative; on concerns about growth and challenges to public finances.

China: CPI of 2.3% was higher than expected but still below 3% target.
The US Fed outlook for three rate hikes in 2017 is based on flawed assumptions.  They are expecting that the US economy in 2017 is similar to the back half of 2016.  We believe this is a flawed assumption as…

US Fed 2017 Rate Hike Outlook Based on Flawed Assumptions

United States

Tapestry, Inc. designs and markets clothes and accessories. The Company offers handbags, leather goods, footwear, fragrance, jewelry, outer wear, ready-to-wear, scarves, sunwear, travel accessories, and watches. Tapestry serves customers in the United States.

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Tapestry Inc (TPR US)

Sector Capsule: Designer Apparel and Footwear (Ready-To-Wear) In Japan

Headlines Designer apparel and footwear (ready-to-wear) posts 2% value growth in 2016 to reach sales of JPY1,089.8 billion Demand from the...

Euromonitor International Ltd.

Coach December Results: Negative Implications for Asian Luxury Retail & Chinese Tourist Spending

Luxury goods retailer Coach Inc (COH US) reported December quarter results on the morning of January 31st in New York. Revenue was bang in-line...

Daniel Hellberg

Geopolitics, Trump, & Thailand

All Hail Caesar (Trump)! I still remember the time when Obama was elected President. Everyone was celebrating. Japan mentioned they had one city...

Athaporn Arayasantiparb, CFA

Trump-China Tension = 2012 'Senkaku' Boycotts Redux? Avoid US Consumer Plays Exposed To China

Overview: probably more US-China tension aheadThroughout his campaign and in the weeks since the US election, President-elect Trump has shown he's...

Daniel Hellberg

US Fed 2017 Rate Hike Outlook Based on Flawed Assumptions

Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia. Mexico: Fitch downgrades...

David Riedel

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