US income tax refund tracker: Filings are still down year over year, and average refund amounts are up slightly. Consumers plan save their refunds, pay down debt, and fund everyday expenses.
This week’s note “From the Desk of Deborah Weinswig” discusses how blockchain technology could democratize operations and promote cooperation in retail.
Better Convenience Through Automation: Five Japanese Convenience Store Chains Sign Up to Automate All Stores by 2025
The Japanese government wants to automate convenience stores nationwide by 2025, in co-operation with five convenience store chains. Under the plan, the five convenience store chains will automate 50,000 stores by 2025 using Radio Frequency Identification (RFID) technology.
US income tax refund tracker: Filings are still down year over year, and average refund amounts are up. Consumers primarily plan to pay down debt and save theitr refunds.
A Guide to Entering China for Foreign Brands and Retailers, Part 3: Breaking into the China Market — Optimizing Marketing and Promotional Strategies for Singles’ Day
In this is the third report in our series A Guide to Entering China for Foreign Brands and Retailers, we focus on how foreign brands can use Singles’ Day as a springboard to enter China, leveraging our proprietary data on brands’ sales performance on Singles’ Day 2018 on Tmall.
US income tax refund tracker: Filings are catching up after initial slow rate, and average refund amounts are now up year on year
Day 2 at Shoptalk Coresight Research Insights: Hearing from Levi’s On Personalization; and Using AI to Deepen Connections with Customers
Personalization is growing in importance to create authentic consumer to brand relationships. Brands and retailers going global are localizing more than ever in other markets.
To kick off this year’s Shoptalk conference, Coresight Research Founder and CEO, Deborah Weinswig, emceed Shoptalk’s Startup Pitch competition featuring 15 early-stage technology companies. Two winners won $25,000 prizes: One chosen by the judges, one through audience voting.
This week’s note “From the Desk of Deborah Weinswig” discusses the adaptive clothing and footwear market, which represents a $47.3 billion opportunity in the US.
Steve Madden (NASDAQ: SHOO) 4Q18 Results: Steady Navigation Amid Rough Seas on Strength of Steve Madden Brand Portfolio
Steve Madden 4Q sales rose 12.6%, same store sales rose 4%, adjusted operating profit contracted 80 bps and adjusted EPS increased 31.3% to $0.42. Adjusted EPS guidance for 2019 is $1.75-1.83.
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.
The US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis. As of February 15, the IRS had received 39.7 million tax returns, down 4.8% year over year. A total of 23.5 million refunds had been issued as of that date (down 26.5% year over year), totaling $62.0 billion (down 38.8% year over year) and averaging $2,640 (down $529 or 16.7% year over year).
Amazon was among the retailers to report a slower holiday quarter: The company’s North America sales growth slowed from 35.0% in the third quarter to 18.3% in the fourth quarter. These figures exclude Amazon’s high-growth Amazon Web Services (AWS) business and, so, should closely reflect its retail and marketplace revenues.
Each year, the U.S. Internal Revenue Service (IRS) reports tax return filings and refunds on a weekly basis, starting in February and going into the April 15 filing deadline. It is still early in the filing season, so there will likely be more variability to the data. Filings are likely delayed due to confusion over the new tax rates and the government shutdown, which made it difficult for accountants to get answers to help people prepare income tax returns.
New digital marketplaces have made the apparel and footwear market truly global, giving consumers access to brands and products once available only by traveling. Brands are bringing products to neighborhoods that previously had very little access to the latest fashion trends.