Product TypeInsight Report May 25, 2020 premium April 2020 UK Retail Sales: Huge Declines in Discretionary Sectors Conceal Meaningful Sales Retention through E-Commerce Total UK retail sales further declined in April, largely due to the enforced closure of nonessential retailers due to the coronavirus pandemic. However, deep declines conceal a meaningful retention of sales through e-commerce. We review April data for UK retail in total and by sector.Read More
Product TypeInsight Report May 25, 2020 premium Earnings Insights 1Q20, Week 1: What US Retailers Are Reporting on the Coronavirus Impact and Outlook Our weekly Earnings Insights reports feature highlights from recent management commentary at major US retailers as they report first-quarter 2020 earnings. We condense what retail companies are reporting with a focus on the impact of the coronavirus crisis. This week, there are highlights from companies that reported in the weeks ended May 17 and May 24, including Best Buy, Kohl’s and VF Corporation.Read More
Product TypeInsight Report May 22, 2020 premium Coronavirus Tracker: Retail Metrics and Key Developments Coresight Research’s Coronavirus Tracker includes a timeline of key developments; details temporary US store closures and reopenings; charts weekly data on shoppers' purchasing behaviors; and notes US retail hirings, US states' reopening dates for businesses and furloughs by major retail companies. Recently added are details of capital raising, management changes, financial guidance updates and bankruptcies in retail.Read More
Product TypeInsight Report May 21, 2020 premium Coronavirus Insights: China Launches New “55 Shopping Festival” To Give Retail a Post-Lockdown Boost To stimulate the economy and encourage consumers to release pent-up demand post Covid-19, the Shanghai Municipal People’s Government co-launched a new, large-scale shopping holiday with the retail industry at the beginning of May 2020. We discuss the scale and impact of the omnichannel 55 Shopping Festival, exploring how it is driving purchasing behavior in retail and tourism.Read More
Product TypeInsight Report May 21, 2020 premium US and China Quarterly Economic Update: Coronavirus Inflicted Economic Harm to Both Countries in 1Q20 Recently released data from the US and China show both economies being impacted by the global coronavirus pandemic in the first quarter of 2020. US GDP declined to the lowest level since the Global Recession in 2008, and China’s GDP contracted for the first time in nearly 30 years. Furthermore, due to the Covid-19 crisis, industrial output in both nations fell significantly.Read More
Product TypeInsight Report May 21, 2020 premium Contactless Payment Options Continue To Gain Acceptance, Spurred by Necessity Since the outbreak of the coronavirus, many businesses have ceased accepting cash as payment in order to minimize contact and thus reduce the risk of spreading the virus. We discuss recent developments in mobile payment technologies, the adoption of which is being driven by changing consumer expectations in the current environment.Read More
Product TypeInsight Report May 20, 2020 premium Global Tourism: China’s Travelers Set To Pivot to Domestic Tourism, Coresight Research Survey Confirms As part of our quarterly Global Tourism series—which discusses domestic and international tourism themes and trends—we explore how the coronavirus crisis has impacted the behaviors and plans of Chinese travelers, based on key findings from our recent proprietary survey.Read More
Product TypeInsight Report May 20, 2020 premium 2020 Tax Tracker, Week 15: Tax Filings Down, Average Refund Up 1.8% from Last Year As of week 15 of the US tax refund season, the IRS has reported that the number of returns filed was down year over year, as taxpayers take advantage of the filing extension granted due to the coronavirus pandemic. However, the average refund amount was up from last year.Read More
Product TypeInsight Report May 19, 2020 premium Consumer Tech Briefing: Augmented Reality Boosts Consumer Engagement during Coronavirus Lockdowns Each month, our Consumer Tech Briefing series discusses recent developments in the world of technology. This month, we look at the role of augmented reality in new product launches, which is enabling retailers to stay connected with consumers during coronavirus lockdowns and prepare for the post-crisis retail environment.Read More
Product TypeInsight Report May 18, 2020 premium April 2020 US Retail Sales: Discretionary Sectors Post Huge Declines; Food Stores and Nonstore Retailers Save Total Sales from Double-Digit Fall With nonessential retail shut down for the full month of April due to the coronavirus, US retail sales nosedived in discretionary sectors, following deep declines in March. Lower levels of food stockpiling by consumers also saw growth slow in the grocery sector.Read More
Product TypeInsight Report May 15, 2020 premium Coronavirus Insights: US Drugstore Chains and Big-Box Pharmacy Retailers Roll Out Drive-Thru Coronavirus Testing Sites As some US states begin to reopen businesses and lift stay-at-home orders, the need for increased testing has become a focal point to slow the spread of the coronavirus. We discuss how the concept of drive-thru testing is undergoing mass expansion across the nation, due to the efforts of drugstore chains and pharmacy retailers.Read More
Product TypeInsight Report May 14, 2020 premium Coronavirus Insights: Three Post-Lockdown Consumer Trends in China Coronavirus-related lockdowns have impacted consumption behavior around the world. As China emerges from the crisis, we identify three areas of altered consumer behavior that we expect to impact future spending patterns—including omnichannel experiences and group buying.Read More
Product TypeInsight Report May 14, 2020 premium RFID Update: Mature Technology Finds New Applications in CPG, Analytics and Inventory Tracking We explore the use of RFID in retail, with applications of this 70-year-old technology still expanding due to recent innovations. This report highlights key developments in the field that enable loss prevention, frictionless returns, predictive analytics and inventory tracking. We also discuss a major initiative in Japan, through which major convenience-store retailers are introducing RFID tags across their entire product inventory.Read More
Product TypeInsight Report May 13, 2020 premium 2020 Tax Tracker, Week 14: Tax Filings Down, IRS Issues $200 Billion in Economic Impact Payments As 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
Product TypeInsight Report May 12, 2020 premium April 2020 US Same-Store Sales: Costco Comps Decline, but E-Commerce Almost Doubles and Food Sales Surge Over 30% Coronavirus lockdowns are adversely impacting same-store sales growth, but online comps are surging following strong results in March. This report looks at the April same-store sales results of Costco and Buckle.Read More
