June 10, 2020 Insight Report Premium 2020 Tax Tracker, Week 18: Tax Filings Down, IRS Issues $267 Billion in Economic Impact PaymentsAs of week 18 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 almost $267 billion.
June 10, 2020 Insight Report Premium US Father’s Day Retail Preview 2020: Uncertain Outlook as Demand Will Be Tested in First Post-Lockdown Shopping HolidayWith Father’s Day just around the corner, we estimate total US consumer spending on the occasion this year, in the context of easing coronavirus lockdowns. We propose actions that retailers could take to engage with shoppers and drive sales for Father’s Day.
June 10, 2020 Event Coverage Register for Free Access Open for Business with Alex Gourlay, Co-COO of Walgreens Boots Alliance: Adapting to Coronavirus-Led Consumer Shifts in the Food, Drug and Mass SectorAs part of our Open for Business webinar series, we hosted Alex Gourlay, Co-COO of Walgreens Boots Alliance. We present the transcript from this webinar, in which Gourlay offered insights into how his company responded quickly to the coronavirus crisis and leveraged digital opportunities to connect with consumers.
June 10, 2020 Deep Dive Premium New Retail Models in the Global Apparel and Footwear MarketAs part of our series exploring new models of retailing across different sectors and channels, we focus on the innovative strategies being implemented by brands and retailers in the global apparel and footwear market, including ASOS and Macy’s. We discuss how brands are leveraging technologies to upgrade the shopping experience, providing extended options as part of the sharing economy and utilizing consumer data.
June 9, 2020 Store Tracker Databank Members US Store Closures 2020 Outlook: Covid-19 Update—Prolonged Impact Set To Drive Up ClosuresThis report assesses the outlook for physical retail over the remainder of 2020—updating our previous expectations in light of the escalating impact of the coronavirus crisis. We compare year-to-date store closure data with 2019 and discuss a potential rise in bankruptcies, which may become a reality for many struggling retailers. We also update our prediction for the total number of closures we expect to see in the US in the full-year 2020.
June 9, 2020 Insight Report Premium Insights from China: Douyin vs. Kuaishou—Using Short-Video Platforms To Target ConsumersWe look at the marketing opportunities that Douyin and Kuaishou, the two leading short-video platforms in China, present for brands and retailers—considering the user base, content distribution model and e-commerce capabilities of each.
June 9, 2020 Insight Report Premium JD.com Kicks Off This Year’s 6.18 Shopping Festival: A Boost for Online and Offline Retail Post CrisisJD.com launched its annual 6.18 Shopping Festival on May 25, 2020, marking the start of the event’s pre-sale period. We explore how the e-commerce platform has upgraded its services for this year’s festival, including by integrating physical retail promotions for a boundaryless shopping experience.
June 8, 2020 Flash Report Register for Free Access Coronavirus Insights: US Survey Update—Consumers Turn Against “Made in China” (Select Findings)This free report features select findings from our US consumer survey, undertaken on June 3, which asked respondents about their behavior, sentiment and expectations amid the coronavirus crisis.
June 8, 2020 Deep Dive Premium Coronavirus Insights: US Survey Update—Consumers Turn Against “Made in China” (Full Report)Our latest survey report provides a detailed updated on US consumers’ behaviors, concerns and expectations amid the coronavirus crisis, with a focus on the implications for retail. We gauge US consumer sentiment to sourcing in China and discuss shoppers’ expectations for the period after lockdowns end. Our consumer survey was undertaken on June 3.
June 8, 2020 Insight Report Premium Earnings Insights 1Q20, Week 3: Reopened Apparel Stores See Sales Productivity of Over 70% Versus Last YearOur 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 week ended June 7, including American Eagle Outfitters, Gap Inc. and RH.
June 7, 2020 Analyst Corner Register for Free Access Weinswig’s Weekly: June 7, 2020—Retailers Are Clearing Out Old Merchandise To Make Way for the NewThis week’s note “From the Desk of Deborah Weinswig” looks at how US retailers are dealing with excess inventory as they reopen stores post Covid-19 lockdowns.
June 5, 2020 Company Earnings Update Register for Free Access Costco Monthly Sales, May 2020: Comp Growth Accelerates as E-Commerce Sales DoubleCostco’s global same-store sales increased year over year in May, and e-commerce growth accelerated. We review the comparable sales metrics reported by Costco for May 2020 and consider the factors that impacted results—including the coronavirus crisis and gasoline price deflation.
June 5, 2020 Store Tracker Databank Members Weekly US and UK Store Openings and Closures Tracker 2020, Week 23: Tuesday Morning Files for BankruptcyOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. This week, there are highlights from Burlington Stores, Dollar Tree and Tuesday Morning in the US, and ALDO and Monsoon Accessorize in the UK.
June 4, 2020 Deep Dive Premium RetailTech: Oracle—Spanning the Software Gamut, from Databases to ERP to CloudBuilding on its strength in databases, which are the foundation for nearly all enterprise and business applications, technology company Oracle has branched out into other software categories, becoming a leader in areas such as ERP software, finance, CRM and supply chain management. We outline Oracle’s offerings in retail and its acquisition strategy in a competitive landscape.
June 4, 2020 Event Coverage Register for Free Access Open for Business with Katie Finnegan, E-Commerce Expert: Innovating Toward Community in Brick-and-Mortar RetailAs part of our Open for Business webinar series, we hosted Katie Finnegan, Chief Consumer Experience and E-Commerce Officer at Rite Aid. We present the transcript from this webinar, in which Finnegan offered insights into the future of brick-and-mortar retail, which is evolving to become more about community.
