InfographicThree Data Points We’re Watching This Week John Mercer, Head of Global Research and Managing Director of Retail Research February 8, 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 proprietary survey findings on US consumer behavior as well as recently announced store closures in the US. 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 ReportGenerative AI Latest: GenAI Chatbots and Apps Are Ready for Prime Time John Harmon, CFA, Managing Director of Technology Research February 8, 2024 Reasons to ReadThe Generative AI Latest series provides regular updates on generative AI (artificial intelligence), also known as GenAI, globally—across retail, infrastructure and applications. This report details announcements from January 2024 and discusses three key trends we are watching: GenAI-powered chatbot tech, applications moving up the value chain and GenAI-powered copilots on next-generation smartphones. Companies mentioned in this report include: L’Oréal, IBM, Microsoft, Qualcomm, Salesforce, SAP, Walmart Other relevant research: Key Retail-Tech Themes at NRF 2024: Retail’s Big Show CES 2024 Wrap-Up: Top 10 Tech Takeaways Playbook: Six Quick Wins in Generative AI The Coresight Research CORE framework for generative AI in retail All Coresight Research coverage of GenAI in retail, including previous reports in the Generative AI Latest series 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
Store TrackerUS Store Tracker Extra, January 2024: CVS Drives Closures, Shuttering 4+ Million Square Feet of Retail Space Aaron Mark Dsouza, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research February 8, 2024 Reasons to ReadThe US will see more than 7 million square feet of retail space close in 2024. The US Store Tracker Extra monthly series offers insight into retailers’ store closure and opening announcements, including their square-footage impact. In this report, we detail announced closures and openings as of February 2, 2024. Data in this report are: Year-to-date announced US store closures and openings estimates for 2023, by retailer Year-to-date announced 2023 US store closures and openings estimates in gross square feet, by retailer US announced store closures and openings: week-by-week data for year-to-date 2023 versus the comparable period in 2022 Companies mentioned in this report include: Aldi, Amazon, Barnes and Noble, Bath & Body Works, CVS Health, Dollar General, Dollar Tree, IKEA, JD Sports, Macy’s, Ross Stores, Soft Surroundings, Ulta Beauty, Walmart, WHSmith Other relevant research: View our full collection of Weekly US and UK Store Openings and Closures Tracker and monthly US Store Tracker Extra 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. 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 DiveConsumers Dine Out at Record-High Rates: US Consumer Survey Insights Aditya Kaushik, Analyst February 7, 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 January 29, 2024. Data in this research report are our latest proprietary survey findings on: Activities that consumers have done in the past two weeks Where consumers have bought food and nonfood products from in the last two weeks What consumers have bought in-store and online 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: Seasonal Shopping, 1Q24—Expectations for Valentine’s Day, Easter and Presidents’ Day: US Consumer Survey Insights Extra 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
Deep DiveSeasonal Shopping, 1Q24—Expectations for Valentine’s Day, Easter and Presidents’ Day: US Consumer Survey Insights Extra Aditya Kaushik, Analyst February 7, 2024 Reasons to ReadThe Coresight Research monthly US Consumer Survey Insights Extra series offers a more detailed or specific take on trends and data from our weekly surveys of US consumers. This month, we continue our quarterly Seasonal Shopping series. We look ahead to the key shopping holidays in the first quarter of the year (1Q24): Valentine’s Day, Presidents’ Day and Easter. We conclude with a very early look ahead to the 2024 holiday season. We also include results on consumers’ shopping behaviors from our weekly survey questions aggregated in four-week increments over the past seven months. Data in this research report are our proprietary survey findings on: Whether US consumers expect to celebrate and spend on key holidays in 1Q24 How consumers plan to celebrate key holidays in 1Q24—with breakdowns by age for Easter How much consumers expect to spend on key holidays in 1Q24—compared to last year and in dollar terms, with breakdowns by gender for Valentine’s Day Where consumers expect to shop for Valentine’s Day—and breakdowns by gender Consumers’ spending expectations for the 2024 holiday season compared to last year Consumers’ expectations for inflation and their personal financial situation—and breakdowns by income level Other relevant research: Read the full series of US Consumer Survey Insights and US Consumer Survey Insights Extra reports. The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys. For a review of the recent holiday season in retail, read our Holiday 2023: US Retail Wrap-Up. 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 ReportEarnings Insights 4Q23, Week 1: Deckers, Clorox and Walgreens Report Strong Results; Columbia Sportswear Sees Sales Decline Madhav Pitaliya, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research February 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 February 4, 2024, across five sectors: apparel and footwear, consumer packaged goods (CPG), drugstores, food and grocery, and home and home-improvement. 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: Albertsons, Clorox, Colgate-Palmolive, Columbia Sportswear, Deckers Outdoor, Kimberly-Clark, Levi Strauss & Co, Procter & Gamble, Skechers, Tractor Supply Company, Walgreens Boots Alliance Other relevant research: 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
Market Navigators/Market OutlookResearch Preview: Market Navigator—US Drugstore and Pharmacy Retailers Aditya Kaushik, Analyst Sector Lead: Swarooprani Muralidhar, Director of Research February 6, 2024 Reasons to ReadOur Market Navigator series offers in-depth, data-rich views of a retail, consumer or technology sector. This Research Preview provides an early look at our upcoming Market Navigator report on US drugstore and pharmacy retailing. 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, aligning with our RESET framework. Look out for our full report next week to explore these topics in further detail and to discover key insights about market factors, the US macro context and more. Data in this research report include: Estimated US drugstore and pharmacy sector sales by category in 2022 Proportion of retail sales accounted for by pharmacy sales at major US drugstore and pharmacy chains in 2022 Revenues for top US drugstore and pharmacy chains, 2018–2022 Companies mentioned in this report are: CVS Health, Cityblock Health, Gifthealth, GoGoMeds, Homeward, Kroger, Rite Aid, Target, Walgreens Boots Alliance, Walmart Other relevant research: US Drugstores—Retail 2024 Sector Outlook: Mid-Single-Digit Sales Growth; Stronger Focus on Healthcare Expansion Five Ways AI Is Being Used in Drugstore Retail Generative AI for US Retail Pharmacies and Healthcare: Satisfying Customers through Automation and Personalization All Coresight Research coverage of drugstore retailing 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 DiveThe Future of Malls: Ebook—Analyzing Mall Retail Dynamics Through 2030 Swarooprani Muralidhar, Director of Research February 5, 2024 Reasons to ReadThe Future of Malls ebook brings together our research on the prospects and growth opportunities for US malls—which we define as indoor, covered shopping centers—through 2030. We provide quantitative predictions and an analysis of sector dynamics, including evolving retailer behavior and new trends in construction and mall space usage. We explore the bifurcation of the American mall, the keys to profitability in mall-based retail and initiatives to compete with e-commerce retail. Data in this research report include: Overall occupancy rates and number of malls of major REITs—top-tier vs. lower-tier malls Malls as a share of total retail gross leasable area Percentage of US adults who would consider residing in a mixed-use community, by generation Share of US adults who have visited a medical clinic in a shopping center, by generation Average weekly foodservice expenditure Companies mentioned in this report are: Brookfield, Macerich, Simon Property Group Other relevant research: This report compiles research from our published The Future of Malls series—you can read parts one, two and three The State of the American Mall: Competitive, Attractive and Here To Stay Copley Place and Prudential Center—Demonstrating the Potential of Urban Mixed-Use Malls Read all Coresight Research on the real estate sector and physical retail The Coresight Research BEST framework for retail excellence 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: A Definitive Guide to US Drugstore Retail with Aditya Kaushik Aditya Kaushik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research February 4, 2024 Reasons to ReadWelcome to Analyst Corner! We are excited to launch this new series, where, every Sunday, a member of the Coresight Research team will discuss their research and give readers a preview of upcoming reports. 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, Aditya Kaushik, Analyst at Coresight Research, previews our upcoming Market Navigator on US drugstore retailing, guiding you through the market. Other relevant research: Look out for our preview report publishing on February 5 and our full Market Navigator: US Drugstores publishing on February 12. US Drugstores—Retail 2024 Sector Outlook Five Ways AI Is Being Used in Drugstore Retail More Coresight Research coverage of drugstore retailing Stay tuned to the Retaili$tic podcast for weekly retail insights and inspiration. This document was generated for
Research DigestInsights Video: Exclusive Insights from CES 2024 and NRF 2024: Retail’s Big Show—Premium Subscriber Call John Harmon, CFA, Managing Director of Technology Research February 2, 2024 Reasons to ReadThis Insights Video is an on-demand replay of our early-February 2024 Premium Subscriber Call. What did you miss at CES and NRF 2024: Retail’s Big Show? Sunny Zheng, Senior Analyst at Coresight Research, and John Harmon, Managing Director of Technology Research at Coresight Research, present exclusive insights, exploring top tech and retail trends from AI to transformative business models to sustainability. Other relevant research: CES 2024 Wrap-Up: Top 10 Tech Takeaways—AI Creates a Buzz NRF 2024: Retail’s Big Show Wrap-Up—Leveraging Tech To Evolve the Retail Experience and Improve Efficiency Key Retail-Tech Themes at NRF 2024: Retail’s Big Show—Partnerships, GenAI, RFID and Sustainability Introducing the New “Tech 25”: Retail-Tech Companies To Watch in 2024 All Coresight Research coverage of generative AI in retail Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. For more exclusive insights and interactive discussion with our expert analysts, look out for our next Premium Subscriber Call! Not a subscriber? Learn more about subscriptions here. 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 February 2, 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 leading indicators of US retail sales, proprietary survey data on US consumer sentiment and insights from NRF 2024. 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 5: Walmart Announces US Expansion Aaron Mark Dsouza, Data Analyst February 2, 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: 2024 week-by-week comparisons of announced store closures and openings in the US and the UK 2023 week-by-week comparisons of announced store closures and openings in the US and the UK 2024 major US and UK store closures and openings 2024 major US and UK retail bankruptcies 2023 major US and UK retail bankruptcies Companies mentioned in this research report include: Walmart, WHSmith Other relevant research: Weekly US and UK Store Openings and Closures Tracker 2024, Week 4: Macy’s To Close Five Stores 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. 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
Event CoverageKey Retail-Tech Themes at NRF 2024: Retail’s Big Show—Partnerships, GenAI, RFID and Sustainability John Harmon, CFA, Managing Director of Technology Research February 1, 2024 Reasons to ReadCoresight Research attended NRF 2024: Retail’s Big Show in New York City, hosted by the National Retail Federation. During NRF 2024: Retail’s Big Show, Coresight Research attended several meetings with companies featured in the recently updated Tech 25, our focus list of retail-technology companies to watch, as well as various other technology providers. We present retail tech-related highlights and themes from all three days of the conference, covering technology partnerships, GenAI, new developments in RFID (radio-frequency identification) technology and sustainability. Companies mentioned in this report include: Adobe, Amazon, Avery Dennison, Honeywell, HP, IBM, Manhattan Associates, Microsoft, NielsenIQ, Salesforce, SAP, Zebra Technologies Other relevant research: Our Premium Subscriber Call offered exclusive insights from CES and NRF 2024. NRF 2024: Retail’s Big Show Wrap-Up—Leveraging Tech To Evolve the Retail Experience and Improve Efficiency Insights from day one, day two and day three of NRF 2024 Introducing the New “Tech 25”: Retail-Tech Companies To Watch in 2024 Retail 2024: US E-Commerce Technology Trends—Generative AI, Retail Media and Other Revenue-Generating Opportunities To Transform the Online Landscape 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
Event CoverageCES 2024 Wrap-Up: Top 10 Tech Takeaways—AI Creates a Buzz John Harmon, CFA, Managing Director of Technology Research February 1, 2024 Reasons to ReadThe Coresight Research team attended CES (formerly the Consumer Electronics Show), hosted by the Consumer Technology Association (CTA) in Las Vegas in mid-January 2024. We wrap-up our coverage of the event with our top 10 tech takeaways, highlighting that AI is capturing attention in multiple fields of application, from beauty to home appliances to grocery retail. We also discuss sustainability, inclusivity and more. Companies mentioned in this report include: Alibaba, Dentsu, EssilorLuxottica, HD Hyundai, LG, L’Oréal, Meta, Nvidia, Panasonic, Qualcomm, Siemens, Walmart Other relevant research: Our Premium Subscriber Call offered more exclusive insights from CES and NRF 2024. More on CES 2024: event preview, pre-conference insights, customer-centric innovation, cool tech on display and the tech trends set to reshape retail in 2024 Read more of our reports on generative AI 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
Event CoverageNRF 2024: Retail’s Big Show Wrap-Up—Leveraging Tech To Evolve the Retail Experience and Improve Efficiency Sunny Zheng, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research February 1, 2024 Reasons to ReadThe Coresight Research team attended NRF 2024: Retail’s Big Show in New York City, which ran January 13–16, 2024. NRF is an annual conference hosted by the National Retail Federation that brings together retail technology innovators, industry experts, brands and retailers to participate in panel discussions, present on key topics in retail and showcase their solutions. The event helps businesses navigate the evolving retail landscape by exploring the latest business models, advanced technologies and consumer behaviors. In this wrap-up report, we present insights from all three days of NRF 2024: Retail’s Big Show, covering consumer-centric strategies, the use of AI (artificial intelligence) and generative AI (GenAI), workforce management investments, and opportunities around marketplaces and sustainability, among other topics. Companies mentioned in this report include: Amazon, H-E-B, HSN, Mars, McFadyen Digital, Michaels, Moët Hennessy, NielsenIQ, P.F. Chang’s, PVH, Roku, Salesforce, Shein, Target, Temu, Workday Other relevant research: Our Premium Subscriber Call offered exclusive insights from CES and NRF 2024. Key Retail-Tech Themes at NRF 2024: Retail’s Big Show—Partnerships, GenAI, RFID and Sustainability Insights from day one, day two and day three of NRF 2024 More event coverage from Coresight Research More reports on supply chain, sustainability and retail 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