Insight ReportEarnings Insights 4Q23, Week 5: Bath & Body Works, TJX Companies and Urban Outfitters See Sales Growth; Best Buy, Lowe’s and Others See Sales Decline Madhav Pitaliya, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research March 6, 2024 Reasons to ReadOur weekly Earnings Insights reports feature highlights from recent management commentary from major US retailers within our Coresight 100 coverage list as they report fourth-quarter 2023 earnings. This week, there are highlights from companies that reported in the week ended March 3, 2024, across eight sectors: apparel and footwear, beauty, department stores, e-commerce, electronics retailers, food and grocery, home and home-improvement, and specialty apparel. Data in this report are: Quarterly data from companies, including gross margins and sales data by brand (where applicable), channel and geography Companies mentioned in this report include: Bath & Body Works, Best Buy, Carter’s, Lowe’s, Macy’s, Qurate Retail, TJX Companies, Urban Outfitters, Weis Markets Other relevant research: Earnings Insights 4Q23, Week 3: Crocs, Herbalife and L’Oréal See Strong Sales Growth; Capri Holdings and Hanesbrands Report Sales Declines Earnings Insights 4Q23, Week 2: Alibaba, Amazon and CVS See Strong Sales Growth; Under Armour Witnesses Weak Demand Earnings Insights 4Q23, Week 1: Deckers, Clorox and Walgreens Report Strong Results; Columbia Sportswear Sees Sales Decline The Coresight 100 list Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Innovator ProfileInnovator Profile: Raleon’s AI-Powered Solution Optimizes Loyalty Programs To Enhance Customer Engagement Coresight Research Sector Lead: Steven Winnick, Vice President—Innovator Services March 5, 2024 Reasons to ReadCoresight Research is an official research partner of Shoptalk 2024, which will take place during March 17–20 in Las Vegas, Nevada. On March 17, 2024, the “Shark Reef” Startup Pitch competition will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. Our Innovator Profile series gives you a sneak peek at the participating companies. In this report, we present Raleon! Other relevant research: See all our coverage of Shoptalk in 2024 and previous years Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. This report is available for free and can be accessed by registering for a free account. This document was generated for
Innovator ProfileInnovator Profile: Optiversal Uses Generative AI To Create E-Commerce Content That Resonates with a Brand’s Audience Coresight Research Sector Lead: Steven Winnick, Vice President—Innovator Services March 5, 2024 Reasons to ReadCoresight Research is an official research partner of Shoptalk 2024, which will take place during March 17–20 in Las Vegas, Nevada. On March 17, 2024, the “Shark Reef” Startup Pitch competition will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. Our Innovator Profile series gives you a sneak peek at the participating companies. In this report, we present Optiversal! Other relevant research: See all our coverage of Shoptalk in 2024 and previous years More reports on generative AI in retail Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. This report is available for free and can be accessed by registering for a free account. This document was generated for
Innovator ProfileInnovator Profile: MadeMeBuyIt Simplifies Procurement Through a Centralized B2B Marketplace Coresight Research Sector Lead: Steven Winnick, Vice President—Innovator Services March 5, 2024 Reasons to ReadCoresight Research is an official research partner of Shoptalk 2024, which will take place during March 17–20 in Las Vegas, Nevada. On March 17, 2024, the “Shark Reef” Startup Pitch competition will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. Our Innovator Profile series gives you a sneak peek at the participating companies. In this report, we present MadeMeBuyIt! Other relevant research: See all our coverage of Shoptalk in 2024 and previous years Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. This report is available for free and can be accessed by registering for a free account. This document was generated for
Insight ReportE-Commerce for the Modern Consumer: Building Trust in a Digital Age Vijay Doijad, Analyst Sector Lead: Steven Winnick, Vice President—Innovator Services March 5, 2024 Reasons to ReadGain a competitive edge in e-commerce! We delve into the friction points that translate to shopper journey abandonment, explore how brands and retailers can cultivate loyalty in the digital age, and discuss the importance of the human touch in online shopping, with a focus on customer service. Dive into our critical insights to learn how to meet the expectations of the modern consumer, enhance shopper engagement and boost customer lifetime value. Our analysis is informed by a Coresight Research survey of US online shoppers. This report is produced and made available to non-subscribers of Coresight Research in partnership with Humankind. [Update: Humankind was acquired by Tulip in December 2024] Data in this research report include: Estimated growth trajectory of US online retail sales through 2027 Online cart abandonment rate in US e-commerce and estimated revenue loss as a result in 2024 Proprietary survey data—what US consumers think about human experts vs. AI (artificial intelligence) chatbots and their preferences around online shopping assistance Other relevant research: Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. See all Coresight Research coverage of e-commerce and emerging technology More Innovator Research from Coresight Research Non-subscribers can access the report by completing the form on this page. The report will arrive in your inbox upon completion of the form. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Deep DiveConsumer Activity Patterns Show Variability: US Consumer Survey Insights Aditya Kaushik, Analyst March 5, 2024 Reasons to ReadThe Coresight Research weekly US Consumer Survey Insights series takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data. In this report, our latest findings are from a survey conducted on February 26, 2024. Data in this research report are our latest proprietary survey findings on: What consumers have bought in-store and online in the last two weeks Activities that consumers have done in the past two weeks Where consumers have bought food and nonfood products from in the last two weeks Consumers’ expectations for the economy overall and for their own personal financial situation Companies mentioned in this research report include: Aldi, Amazon, Albertsons, Ahold Delhaize, Costco, Dollar General, Dollar Tree/Family Dollar, Kohl’s, Kroger, Macy’s, Target, Walmart Other relevant research: Read the full series of US Consumer Survey Insights reports The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Innovator ProfileInnovator Profile: Hue Promotes Diversity in E-Commerce Marketing via Shoppable Video Coresight Research Sector Lead: Steven Winnick, Vice President—Innovator Services March 4, 2024 Reasons to ReadCoresight Research is an official research partner of Shoptalk 2024, which will take place during March 17–20 in Las Vegas, Nevada. On March 17, 2024, the “Shark Reef” Startup Pitch competition will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. Our Innovator Profile series gives you a sneak peek at the participating companies. In this report, we present Hue! Other relevant research: See all our coverage of Shoptalk in 2024 and previous years Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. This report is available for free and can be accessed by registering for a free account. This document was generated for
Innovator ProfileInnovator Profile: EyeLevel.ai Is Truth Serum for AI, Enabling the Build of Hallucination-Free Apps with up to 95% Accuracy Coresight Research Sector Lead: Steven Winnick, Vice President—Innovator Services March 4, 2024 Reasons to ReadCoresight Research is an official research partner of Shoptalk 2024, which will take place during March 17–20 in Las Vegas, Nevada. On March 17, 2024, the “Shark Reef” Startup Pitch competition will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. Our Innovator Profile series gives you a sneak peek at the participating companies. In this report, we present EyeLevel.ai! Other relevant research: See all our coverage of Shoptalk in 2024 and previous years Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. This report is available for free and can be accessed by registering for a free account. This document was generated for
Innovator ProfileInnovator Profile: dotkonnekt Revolutionizes Digital Commerce with Its AI-Powered Sangria Platform Coresight Research Sector Lead: Steven Winnick, Vice President—Innovator Services March 4, 2024 Reasons to ReadCoresight Research is an official research partner of Shoptalk 2024, which will take place during March 17–20 in Las Vegas, Nevada. On March 17, 2024, the “Shark Reef” Startup Pitch competition will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. Our Innovator Profile series gives you a sneak peek at the participating companies. In this report, we present dotkonnekt! Other relevant research: See all our coverage of Shoptalk in 2024 and previous years Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. This report is available for free and can be accessed by registering for a free account. This document was generated for
Market Navigators/Market OutlookResearch Preview: Market Navigator—UK Retail and E-Commerce Anand Kumar, Associate Director of Research March 4, 2024 Reasons to ReadOur Market Navigator series offers in-depth, data-rich views of a retail, consumer or technology sector. This Research Preview offers an early look at our forthcoming Market Navigator exploring the UK retail market including e-commerce. Gain insights into emerging ideas and opportunities in the market, understand the growth trajectory of retailers’ revenues, and explore the competitive landscape. We also provide a sneak peek of the themes we are watching in the market. Look out for our full report next week to explore these topics in further detail and to discover key insights about market factors, the UK macro context and more. Data in this research report include: UK retail sales by sector, 2018–2023 Revenues of leading UK retailers, 2018–2023 Companies mentioned in this report are: Aldi, Amazon, Associated British Foods, eBay, Frasers Group, Harrods, H&M, IKEA, JD Sports, J Sainsbury, Marks & Spencer, Next, Ocado, Poundland, Shein, Tesco Other relevant research: Retail 2024: Five Forces and Five Trends Shaping UK Retail Holiday 2023: UK Retail Wrap-Up—December Downturn Unlikely To Herald Renewed Retrenchment Market Outlook: UK Grocery—Inflation Drives Value Growth Amidst Volume Decline Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on the US, the UK and China Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Analyst CornerAnalyst Corner—Explore Generative AI with John Harmon: Enormous Power and Potential, but Caution Advised John Harmon, CFA, Managing Director of Technology Research March 3, 2024 Reasons to ReadWelcome to Analyst Corner! Every Sunday, a member of the Coresight Research team discusses upcoming or recent research and their thoughts on interesting topics in their area of expertise. We also highlight our key research from the past week and reports to look out for in the coming week, so you don’t miss out. This week, John Harmon, Associate Director of Technology Research, discusses the challenges that accompany the exciting potential of GenAI (generative artificial intelligence) technology. He provides a word of warning to AI users. Other relevant research: More coverage of GenAI in retail. Take an early look at our forthcoming Retail-Tech Landscape of selected innovators that provide GenAI applications. Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. Stay tuned to the Retaili$tic podcast for weekly retail insights and inspiration. Read previous Analyst Corner reports, including last week’s, which explored the future of consumer healthcare. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight ReportMacy’s Announces 150 Store Closures—A Turnaround Effort To Drive Performance Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research March 1, 2024 Reasons to ReadOn February 27, 2024, Macy’s reported its fiscal 2023 earnings and announced its “A Bold New Chapter” strategy, which aims to fundamentally reposition the company and deliver growth. As part of this strategy, the company announced it plans to close approximately 150 underproductive Macy’s locations, with 50 closing by the end of its fiscal 2024. We detail this development and its implications for Macy’s and the US department store sector. Data in this research report include: Total US store count, as well as 2018–2023 CAGR and 2022–2023 year-over-year change, of selected major department stores Companies mentioned in this report include: Amazon, Dillard’s, Kohl’s, Macy’s, Nordstrom Other relevant research: Macy’s $5.8 Billion Buyout Bid: A Symphony of Risk and Opportunity US Department Stores—Retail 2024 Sector Outlook: Soft Sales Growth; Opportunities in Different Store Formats and Alternative Models Market Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative Models Day Three at NRF 2024: Retail’s Big Show—Lessons from Macy’s, Shein, Temu and More Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
InfographicThree Data Points We’re Watching This Week John Mercer, Head of Global Research and Managing Director of Retail Research March 1, 2024 Reasons to ReadOur Three Data Points We’re Watching This Week series spotlights key data points from this week’s research. This week, we highlight Macy’s announced department store closures, US retail sales growth and US consumers’ inflation-impacted grocery shopping behaviors. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2024, Week 9: Macy’s Announces Store Opening and Closure Plans Aaron Mark Dsouza, Data Analyst March 1, 2024 Reasons to ReadOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. Data in this research report include: Week-by-week comparisons of announced store closures and openings in the US and the UK: 2024 vs. 2023 Major US and UK store closures and openings, 2024 Major US and UK retail bankruptcies: 2024 and 2023 Companies mentioned in this research report include: Macy’s, Moshulu Other relevant research: The full collection of Weekly US and UK Store Openings and Closures Tracker reports Complementing our weekly reports, the Coresight Research US and UK Store Tracker Databank is the definitive resource for information on store openings and closures by sector in the US and UK retail industries. For the US, the Databank includes store openings and closures from 2012 to 2024 year to date (YTD); for the UK, data span 2017 to 2024 YTD. The Retail Bankruptcies Databank details bankruptcies of US and UK retail companies, restaurants and gyms since March 2020. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight ReportResearch Preview: Retail-Tech Landscape—Generative AI Applications John Harmon, CFA, Managing Director of Technology Research Sector Lead: Steven Winnick, Vice President—Innovator Services February 29, 2024 Reasons to ReadGenerative AI (artificial intelligence), also known as GenAI, rests on the shoulders of decades of AI research. Software developers and engineers have been busy developing applications to manage and control large language models (LLMs) so that more businesses and individuals can access the power and benefits of GenAI. This Research Preview offers an early look at our forthcoming Retail-Tech Landscape of selected innovators that provide generative AI (artificial intelligence), also known as GenAI, applications. Understand the need for GenAI applications and uncover the growth potential and key categories of the market. Look out for the full report to discover the featured companies! We focus solely on startups—privately held tech companies that were founded within the last 10 years. Other relevant research: More research on GenAI in retail All our Retail-Tech Landscapes spotlighting innovators that are disrupting the retail industry Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
