July 4, 2018 Event Coverage Register for Free Access Top Takeaways from the US-China AI Tech Summit, Part 2: Cross-Industrial DisruptionLast week, the Coresight Research team attended the first-ever US-China AI Tech Summit, which was held in Silicon Valley. Our first report on the conference covered the day’s morning sessions, including a fireside chat with Apple Cofounder Steve Wozniak. The second half of the event focused on applications of artificial intelligence (AI) across industries. Experts from the fintech, legal, enterprise and nonprofit realms discussed the challenges ahead and the greatest opportunities for AI integration.
July 3, 2018 Event Coverage Register for Free Access Top Takeaways from the US-China AI Tech Summit, Part 1Last week, the Coresight Research team attended the first-ever US-China AI Tech Summit, which was held in Silicon Valley. The event was cohosted by The Al Alliance of Silicon Valley, The Future Society and China’s AI Industry Alliance. Here, we share the first batch of our takeaways from the day’s discussions.
July 3, 2018 Event Coverage Register for Free Access Fashion Tech Consortium Hosts Retail Executive Roundtable June Breakfast EventFashion Tech Consortium, an accelerator that links together brands, retailers, manufacturers and technology companies in order to provide highly assessed, enterprise-ready tech solutions in the fashion retail industry, hosted the Retail Executive Roundtable June Breakfast, at the Amali in New York City on June 27. Michael Reidbord, Founder and Principal at Fashion Tech Consortium, organized and moderated the intimate gathering for a three-speaker series and open discussion over breakfast. Nearly 20 participants, including founders, presidents, managers and advisors from a range of retail-focused industries—from Facebook, to Brooks Brothers, to artificial intelligence (AI)-focused analytics companies—attended the invite-only breakfast event.
June 29, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 26: O Bag to Open 100 Stores in the USYear-to-date 2018, the number of US store closure announcements stands at 4,136 and the number of store openings is 1,985. Year to date in the UK, there have been 934 store closure announcements and 625 store opening announcements.
June 28, 2018 Insight Report Premium Independence Day Spending to Fall, as Fewer Americans Plan to Celebrate in 2018This year, 216 million Americans are planning to celebrate the July 4th holiday, down from 219 million last year, according to the National Retail Federation’s (NRF’s) annual Independence Day survey, which was conducted by Prosper Insights & Analytics.
June 27, 2018 Insight Report Premium May 2018 Monthly Consumer Update: US, UK and ChinaEach month, we round up key metrics reflecting consumer demand in the US, the UK and China. We focus on direct, leading indicators of the health of the consumer economy: wage growth, price changes and retail sales growth. Metrics for May include:
June 25, 2018 Flash Report Register for Free Access US Supreme Court Enables States to Collect Taxes on Online Sales Possibly Levelling the Playing Field in US RetailOn Thursday, June 21, the US Supreme Court ruled that American states have the right to collect taxes on e-commerce sales regardless of the physical location of the online retailer. The decision reversed a 1992 deliberation that granted a defacto tax break for pure-play retailers.
June 22, 2018 Analyst Corner Register for Free Access Weinswig’s Weekly June 22, 2018This week’s note “From the Desk of Deborah Weinswig” discusses Amazon’s relatively recent move into the plus-size women’s apparel market.
June 22, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 25: Safeway to Close Two StoresYear-to-date 2018, the number of US store closure announcements stands at 4,136 and the number of store openings is 1,885. Year to date in the UK, there have been 895 store closure announcements and 622 store opening announcements.
June 22, 2018 Company Earnings Update Register for Free Access Kroger (KR) 1Q18 Results: Beats on EPS and Revenue, Raises OutlookKroger reported 1Q18 adjusted EPS of $0.73, up from $0.58 in the year-ago period and above the $0.63 consensus estimate. Revenues were $37.5 billion, up 3.4% year over year and above the $37.3 billion consensus estimate.
June 22, 2018 Event Coverage Register for Free Access CES Asia Part 2: Hearing about Ever-Smarter Smart-Home DevicesThe Coresight Research team attended Asia’s fastest-growing consumer technology event CES Asia 2018 in Shanghai. This year’s event attracted over 500 global exhibitors, more than 40,000 attendees and over 1,200 media. This is the second of two reports on our key takeaways from the event.
June 21, 2018 Deep Dive Premium The Decline of the UK Department Store – and Struggles in Germany, TooIn the UK, major midmarket department stores are undertaking store closure programs to address under performance—and Germany’s department-store market leader is seeing sales declines deepen, too.
June 20, 2018 Event Coverage Register for Free Access London Tech Week 2018: Profiling 13 Retail-Tech StartupsThe Coresight Research team attended London Tech Week 2018 held June 11–17.We attended two retail-tech startup pitches during the week: Tech London Advocates’ Retail Tech 50 at startup incubator Cocoon Networks and Project Kairos London’s Retail TechPitch at trade show TechXLR8. Here, we profile 13 of the retail-tech startups we met.
June 20, 2018 Deep Dive Premium Chinese Demand for Cross-Border E-Commerce Booms but Looming Tax Reforms are a Cloud on the HorizonChinese shoppers’ appetite for imported products continues to grow apace. We review the current state of the cross-border e-commerce market, note the factors supporting demand and look at forthcoming tax changes that will impact cross-border sales.
June 19, 2018 Insight Report Premium US-China Tariff Update: Dispute Escalates, but Imports of Consumer Goods to the US Remain UnaffectedThe US is imposing tariffs of 25% on hundreds of categories of goods imported from China. The tariffs are to take effect on July 6 on $34 billion worth of imports. The US tariffs focus on “industrially significant technologies” rather than on consumer goods.
