Insight Report | May 13, 2020 Premium 2020 Tax Tracker, Week 14: Tax Filings Down, IRS Issues $200 Billion in Economic Impact PaymentsAs of week 14 of the US tax refund season, the IRS has reported that the number of returns filed was down year over year, as was the total number of refunds issued. Economic Impact Payments totaled more than $200 billion in the program’s first four weeks, with the highest number of stimulus payments going to California. Read More
Insight Report | May 6, 2020 Premium 2020 Tax Tracker, Week 13: Tax Filings Down, Average Refund Drops by 0.7% from Last YearAs of week 13 of the US tax refund season, the IRS has reported that the average refund amount was down year over year. Tax filing numbers are significantly lower than a year ago as taxpayers take advantage of a 90-day filing extension granted by the IRS due to the coronavirus crisis. Read More
Deep Dive | May 5, 2020 Premium International Apparel Retail in India: Evolving High-Growth Market Attracts More PlayersIndia’s large and lucrative apparel retail market is attracting growing interest from international retailers, with a number of brands plotting their market entry and expansion. We examine the market landscape—including economic reform, entry routes and socioeconomic factors—and discuss its key players. Read More
Insight Report | May 5, 2020 Premium Experiential Retail: VR Technology Drives Consumer Engagement and 70% Higher Conversion RatesDue to the widespread store shutdowns amid the coronavirus pandemic, consumers are shopping online for nearly all of their discretionary needs. We explore how brands and retailers can leverage virtual reality technologies to enhance their e-commerce offerings and engage with shoppers through experiential retail—while realizing benefits such as higher purchase conversion rates and wider reach to consumers. Read More
Analyst Corner | May 3, 2020 Register for Free Access Weinswig’s Weekly: May 3, 2020—What Could the Shape of a Retail Recovery Look Like?This week’s note “From the Desk of Deborah Weinswig” looks at what the shape of retail’s recovery could look like. Read More
Insight Report | May 1, 2020 Premium Coronavirus Insights: What Will a Retail Recovery Look Like?There are signs that US state governments are already developing plans and timelines to restart the economy following the easing of the coronavirus crisis. We analyze the possible stages of recovery for discretionary retail in the US and consider the factors that will affect consumer purchasing power and buying conviction. Read More
Store Tracker | May 1, 2020 Databank Members Weekly US and UK Store Openings and Closures Tracker 2020, Week 18: JCPenney Seeks Bankruptcy Funding, Inches Closer to BankruptcyOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. This week, there are highlights from Gap Inc. and JCPenney in the US and Animal, Debenhams and John Lewis in the UK. Read More
Insight Report | April 30, 2020 Premium Coronavirus Insights: Retail Playbook—React and AdaptWith the global retail industry taking heavy hits from the impact of the ongoing coronavirus pandemic, we provide a playbook for nonfood brands and retailers in Western markets to help them navigate the crisis. Our guide is based around the themes of reacting in the short term and adapting in the medium to long term. Read More
Insight Report | April 28, 2020 Premium New Retail Briefing: Shanghai Fashion Week Livestreams Shows Online amid Coronavirus OutbreakThe coronavirus pandemic has caused many events around the world to be canceled or postponed, but Shanghai Fashion Week instead moved online, partnering with Tmall to livestream its shows. We discuss this move among other recent developments in China as the nation recovers from the coronavirus, including a move by food-delivery platform Meituan to boost sales by expanding its services. Read More
Insight Report | April 27, 2020 Premium March 2020 UK Retail Sales: Coronavirus Lockdown Inflicts Severe Blow to Discretionary Sector; Decline Set To Worsen in AprilTotal UK retail sales declined in March, with some sectors taking big hits due to the impact of the nationwide coronavirus lockdown. However, the grocery sector reported strong growth. We review March data for UK retail in total and by sector. Read More
Analyst Corner | April 26, 2020 Register for Free Access Weinswig’s Weekly: April 26, 2020—What Will In-Store Shopping Look Like When Stores Reopen?This week’s note “From the Desk of Deborah Weinswig” looks at what in-store shopping will look like when stores reopen following the coronavirus pandemic. Read More
Store Tracker | April 23, 2020 Databank Members Weekly US and UK Store Openings and Closures Tracker 2020, Week 17: Neiman Marcus May File for Bankruptcy ImminentlyOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. This week, there are highlights from Dollar General, Lord & Taylor and Neiman Marcus in the US and Cath Kidston and Debenhams in the UK. Read More
Insight Report | April 23, 2020 Premium Beauty Insights: Livestreaming Increases Revenue and Loyalty—Lessons Learned during the CoronavirusWith many brands and retailers facing heavy revenue losses due to widespread temporary closures caused by the coronavirus, we explore how beauty brands are leveraging digital channels to engage with consumers. We consider the lessons that can be learned from beauty retail in China, with a focus on livestreaming. Read More
Insight Report | April 22, 2020 Premium 2020 Tax Tracker, Week 11: Tax Filings Decline Sharply, Average Refund Up 2% from Last YearAs of week 11 of the US tax refund season, the number of returns received by the IRS is significantly down year over year as taxpayers take advantage of a filing extension amid the coronavirus crisis. A high number of taxpayers used also the IRS website for information, with Taxpayer Assistance Centers being closed. Read More
Insight Report | April 22, 2020 Premium Search for Cost Cuts Could Prompt a Surge in Outsourcing amid Coronavirus CrisisIn response to the coronavirus crisis, we expect more companies to outsource key business functions to better manage their costs and minimize risk in a downturn economy. We discuss the key benefits of such a strategy for retailers and consider the business functions that can be outsourced. Read More