February 12, 2020 Insight Report Premium 2020 Tax Tracker, Week 1: Tax Season Off to a Slow Start with 1.6% Decline in FilingsThe IRS kicked off the 2020 tax filing season on January 27 when it began accepting tax returns for 2019. The IRS expects to process over 150 million individual tax returns in 2020.
February 12, 2020 Flash Report Register for Free Access Coronavirus Briefing: Assessing the Impact on the Global Luxury MarketChinese outbound tourism has plummeted following the coronavirus outbreak—hitting hard luxury brands and retailers that have in recent years come to rely heavily on these consumers. How have luxury brands reacted, and what is their exposure?
February 12, 2020 Flash Report Register for Free Access Simon Property Group To Acquire Taubman Centers for $3.6 BillionOn February 10, 2019, Simon Property Group announced plans to acquire 80% of Taubman Realty in a deal valued at approximately $3.6 billion. Simon clearly sees value in Taubman: At $52.50 per share in cash, the deal represents a 51% premium to Taubman’s closing price on February 7.
February 12, 2020 Insight Report Premium January 2020 US Same-Store Sales: Costco Sales Remain Strong as Holiday Momentum FadesUS same store sales got a solid boost in December by the late Thanksgiving that pushed Black Friday to late in the month and Cyber Monday sales into the following month. Costco and Buckle both reported strong same store sales growth in January against tough December comparisons.
February 11, 2020 Deep Dive Premium Is Omnichannel the Future for Furniture Retail?In the furniture sector, e-commerce continues to grow rapidly as cross-channel shopping trends evolve. The shopping journey is therefore becoming more complex, and retailers are being forced to rethink how they engage with customers. We explore how major players in the home furnishing market are investing in omnichannel transformation, as well as the challenges associated with this type of strategy.
February 11, 2020 Event Coverage Register for Free Access Fashinnovation Event Showcases Exciting New Trends in Fashion InnovationThe Coresight Research team was in New York for the Fashinnovation conference on February 5. The conference brought together fashion thought leaders including heads of business, fashion designers and innovators.
February 10, 2020 Insight Report Premium US and China Quarterly Economic Update: Growth Stagnates in Both Countries in 4Q19Recently released data from the US and China show both economies slowing in the fourth quarter of 2019. The ongoing trade dispute had already done some damage, then the coronavirus came along, delivering another blow.
February 10, 2020 Insight Report Premium Global Tourism: Improved Infrastructure and Enhanced Shopping Experiences Are Driving Airport Retail SalesAs 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.
February 9, 2020 Analyst Corner Register for Free Access Weinswig’s Weekly—February 9, 2020This week’s note “From the Desk of Deborah Weinswig” looks at whether Macy’s new turnaround plan goes far enough.
February 7, 2020 Flash Report Register for Free Access Coronavirus Briefing: Assessing the Near-Term Impact on China’s EconomyWith the number of cases of coronavirus infection continuing to rise, we assess the possible economic impact of the outbreak on China’s economy. We can refer to the 2002-03 SARS outbreak, but China’s economy has changed since then, and that could alter the way this outbreak plays out.
February 7, 2020 Event Coverage Register for Free Access Macy’s Investor Day 2020: Plans To Optimize Fleet Through Closure of 125 Stores, Continued Backstage ExpansionMacy’s 2020 investor day focused on the company’s new five-point Polaris strategy. Highlights include: store optimization, off price expansion, building private brands and focusing on the under-40 consumer.
February 7, 2020 Store Tracker Databank Members Weekly US and UK Store Openings and Closures Tracker 2020, Week 6: Macy’s To Close Stores; Sephora Plans Store ExpansionOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. This week, there are highlights from Amazon, Macy’s and Sephora in the US and Hawkin’s Bazaar in the UK.
February 6, 2020 Flash Report Register for Free Access Coronavirus Briefing: China’s Food-Service Firms Shutter Stores and Turn to Contactless ServicesFaced with restaurant closures and a sudden fall-off in business amid the ongoing corona virus outbreak, China’s food-service firms are inventing novel ways to bring food to customers in ways that minimize exposure to other people.
February 6, 2020 Insight Report Premium US Valentine’s Day 2020 Preview: Americans Set To Spend Record-Breaking $27.4 BillionUS consumer spending on Valentine’s Day looks set to break records this year. We see the category expanding as people buy for a wider range of recipients—and the preference for online continues to grow.
February 6, 2020 Free Report Three Things You Need To Know: Rental, Subscription and Resale—How Companies Are Tapping DemandThree Things You Need To Know: Rental, Subscription and Resale—How Companies Are Tapping Demand
