April 8, 2020 Flash Report Register for Free Access Macy’s CFO Announces Departure, One Week after Companywide Furlough and Delisting from S&P 500Macy’s has seen a string of developments in the past week, with the latest being the departure of its CFO, effective May 31, 2020. This comes on the heels of a companywide furlough and the company’s delisting from the S&P 500 last week.
April 8, 2020 Insight Report Premium 2020 Tax Tracker, Week 9: Tax Filings Slow Down, Average Refund Up $35 from Last YearAs of week nine of the US tax refund season, the number of returns processed by the IRS is down year over year. With the IRS temporarily closing down all Taxpayer Assistance Centers and suspending all in-person customer service nationwide due to the coronavirus crisis, a high number of taxpayers used the IRS website for information.
April 8, 2020 Insight Report Premium US Easter Retail Preview 2020: Retailers Must Offer Optimism and Seize the Few Opportunities amid Coronavirus CrisisWith Easter just around the corner, we assess the planned spending of US consumers on the holiday this year amid the coronavirus crisis. We consider the outlook for retail this Easter in light of current shopping trends and propose actions that retailers could take to engage with consumers over the holiday—both to drive sales in the short term and to build stronger customer relationships for long-term gains.
April 8, 2020 Flash Report Register for Free Access Gap Cancels Shipments of Summer Orders and Stops Fall Production due to the Coronavirus Pandemic: Retailers Prepare for the Long HaulFollowing the temporary closure of all of its stores from March 19, Gap Inc. is reportedly going to cancel shipments of summer order and halt fall production due to the impacts of the ongoing coronavirus pandemic. We outline the measures that the company is said to be taking and consider the wider disruption of the outbreak on retail supply chains.
April 7, 2020 Insight Report Premium AI in Retail: Accelerating Digital TransformationIn our AI in Retail series, we discuss how artificial intelligence (AI) is transforming the way retailers operate and interact with customers. This report discusses the growing adoption of AI in retail and beyond, and the state of global funding in AI startups over the past four years. We also outline recent industry developments in the context of the current coronavirus pandemic.
April 7, 2020 Deep Dive Premium New Retail Models in the Global Beauty 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 beauty market, including Sephora and Ulta Beauty. We discuss how brands are leveraging technologies to improve the shopping experience, implementing save-a-sale programs and embracing cross-channel retail to drive shopper engagement.
April 6, 2020 Insight Report Free Report Coronavirus Insights: Learnings from NIKE’s and Lululemon’s China ExperiencesDespite the impact of the coronavirus, NIKE and Lululemon each reported favorable earnings on March 24, 2020 and March 26, 2020, respectively. With China embracing signs of recovery from the coronavirus crisis, we discuss the lessons learned by the two athletic apparel companies from their experiences in the country.
April 6, 2020 Deep Dive Premium US Social Commerce Survey: How Consumers Use Social Media for Shopping—OverviewWe discuss the use of social media by US shoppers, as part of our report series exploring social commerce. Based on findings from a Coresight Research proprietary survey, we explore how consumers use social media platforms to research, discover and buy products across multiple categories. We also consider spending on discretionary categories and the impact of influencers on US social media shoppers.
April 5, 2020 Analyst Corner Register for Free Access Weinswig’s Weekly—April 5, 2020This week’s note “From the Desk of Deborah Weinswig” looks at how US retail sales could shape up during and after the coronavirus crisis.
April 3, 2020 Store Tracker Databank Members Weekly US and UK Store Openings and Closures Tracker 2020, Week 14: GameStop Announces Store ClosuresOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. This week, there are highlights from Fairway Market, GameStop and Shoe Carnival in the US and BrightHouse and Jack Wills in the UK.
April 3, 2020 Flash Report Register for Free Access Coronavirus Insights: US Survey Update—Shoppers Cut Back Further, with Apparel Bearing the Brunt (Select Findings)This free report features select findings from our US consumer survey, undertaken on April 1, which asked respondents about their behavior and sentiment amid the coronavirus crisis.
April 3, 2020 Deep Dive Premium Coronavirus Insights: US Survey Update—Shoppers Cut Back Further, with Apparel Bearing the Brunt (Full Report)We provide a detailed update on US consumer behavior and sentiment amid the coronavirus crisis. We asked US consumers how the coronavirus outbreak is changing how they spend, as well as how concerned they are. The survey for this report was undertaken on April 1 and provides an update to our prior survey findings.
April 2, 2020 Deep Dive Premium 4Q19 US Retail Inventory Tracker: Higher Inventory Turnover Due to Solid Holiday Sales and Disciplined ApproachesIn our quarterly US Retail Inventory Tracker reports, we analyze inventory trends among those US retailers listed in the Coresight 100. We look at the inventory levels of various retailers in 4Q19 and assess why levels may have changed from the year-ago period. The coronavirus crisis means 4Q trends will not be an accurate guide to 2020, but those retailers heading into the storm with cleaner stock levels will enjoy an advantage over more heavily stocked rivals.
April 2, 2020 Insight Report Premium Coronavirus Insights: China Embraces Signs of RecoverySince the coronavirus broke out in Wuhan in January, China has implemented unprecedented measures to control the spread of the virus. The nationwide lockdown looks to have been a success—we discuss signs that indicate the country is now on the road to recovery. We consider the implications for brands, as well as what the “new normal” might look like for China’s residents and businesses as the nation looks to move on from the coronavirus.
April 1, 2020 Deep Dive Premium Pinduoduo: What’s Driving Growth for China’s Group-Buying PlatformPinduoduo launched in 2015 and has quickly become the fastest-growing major e-commerce platform in China. In market capitalization, Pinduoduo trails giants Alibaba, Tencent, Meituan and JD.com, but recently overtook Baidu.
