Product TypeInsight Report Beauty Insights: Assessing the Impact of the Coronarivus on Global Beauty Companies Author Coresight February 20, 2020 With the number of cases of coronavirus continuing to rise, we assess the potential impact of the outbreak on global beauty companies that have a presence in China—focusing on Estée Lauder, L'Oréal, LVMH (Sephora) and Shiseido. We consider both online and physical retail channels, as well as the travel retail market.
Product TypeInsight Report Global Tourism: Improved Infrastructure and Enhanced Shopping Experiences Are Driving Airport Retail Sales Author Coresight February 10, 2020 As part of our quarterly Global Tourism series—which discusses domestic and international tourism themes and trends—we explore the booming airport retail market. Key factors contributing to the growth of the sector include the influence of Chinese travelers, the rise of budget airlines and enhanced shopping experiences and customer engagement.
Product TypeFlash Report Coronavirus Briefing: Potential Impact on China’s GDP, More Store Closures, Implications for Supply Chains Author Coresight February 3, 2020 The coronavirus impact on China’s GDP could be worse than the two percentage points SARS shaved off during the 2002–03 outbreak. With Wuhan a center of manufacturing for several key industries, we expect supply chain disruptions if factories remain closed.
Product TypeFlash Report Coronavirus Briefing: Global Retailers, Brands and Tech Companies Offer Assistance Author Coresight January 31, 2020 Global retail is likely to be further affected by the coronavirus in China as the World Health Organization has now declared it a “public health emergency of international concern.” Global companies—including retailers, tech companies, real estate firms and wealthy individuals—are continuing to pledge donations.
Product TypeFlash Report Coronavirus Briefing: Restaurants and Stores Close, Flights Cut Author Coresight January 30, 2020 The ongoing Coronavirus outbreak in China is impacting not only the domestic economy but retail globally. Already, international retailers are closing shops in, and limiting travel to, affected areas. Airlines have canceled flights and the falloff in Chinese outbound tourism could hit travel retail hard.
Product TypeFlash Report Coronavirus Briefing: Assessing the Economic Impact Author Coresight January 29, 2020 The coronavirus hitting central China came at a bad time for the domestic economy—just before the all-important Lunar New Year holidays. The good news is that most consumers probably did most of their holiday shopping in advance; the bad news is that the outbreak is far from over.
Product TypeInsight Report Estée Lauder Beauty: A Timeline of Key Events Author Coresight January 9, 2020 Tracking Estée Lauder’s rise to prominence from its founding in 1946 to modern beauty icon and innovator. The company now boasts a portfolio of over 25 prestige brands spanning cosmetics, skincare, haircare and fragrances with annual revenues totaling $14.9 billion in fiscal 2018.
Product TypeInsight Report Insights from China: Alipay and WeChat Pay Go International Author Coresight March 28, 2019 Alipay and WeChat Pay have gone international more quickly due to booming Chinese outbound tourism. They are accepted not only at retail locations but also used to pay transportation fares in support of local services.
Product TypeInsight Report New Retail Briefing #5: Alipay Pushes Cross-Border Payment; JD.com Continues Unstaffed Delivery Initiatives Abroad Author Coresight March 12, 2019 “New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond.
Product TypeInsight Report Insights from China: Millennials Travel Overseas for An Experience Author Coresight February 28, 2019 Chinese tourists are traveling more but spending less on shopping when they go. Younger tourists look for experience trips over shopping. We look at how Western retailers can attract and retain this valuable demographic.
Product TypeInsight Report Chinese New Year Air Travel Takes Off Infographic Author Coresight February 7, 2019 Chinese New Year is a major time for travel: Some 73 million Chinese travelers were expected to make journeys by plane over the 2019 holiday, with Thailand, Japan and Indonesia the top destinations.
Product TypeInsight Report Chinese New Year Preview: Year of the Pig Celebrations to be Worth ¥1 Trillion to Retail as Digital Gifting and Traveling Continue to Go Big Author Coresight January 22, 2019 Retail and food-service sales during Chinese New Year grew steadily from 2011 to 2018. During the 2018 Chinese New Year Golden Week (February 15-21), retail sales reached ¥926 billion (about $146 billion), 10.2 % higher than the same period in 2017 —and more than double what it was in 2011, according to Ministry of Commerce statistics.
Product TypeInsight Report China National Day Golden Week 2018 Preview Author Coresight September 27, 2018 Chinese tourists travelling during this year’s National Day Golden Week holidays (October 1–7) will boost both global and domestic retail sales. According to Ctrip (China’s largest online travel agency), during this year’s National Day holidays:
Product TypeDeep Dive Chinese Outbound Tourists Survey 2018: Urban Millennials Lead the Charge to More Independent, Adventurous Travel Author Coresight September 26, 2018 This report details the results of our fourth annual proprietary survey of Chinese overseas tourists’ travel and spending behaviors and preferences, undertaken in partnership with China Luxury Advisors.
Product TypeInsight Report US Retailers Ready to Cater to Chinese New Year Shoppers with Mobile Payments Author Coresight February 14, 2018 Many Chinese tourists are currently preparing to travel overseas during the Lunar New Year celebration, which begins on February 16 and runs through March 2 this year.In the US, hundreds of thousands of retailers and service providers are ready to cater to these tourists by offering them the mobile-wallet payment options they prefer, such as Alipay.
