Deep DiveNavigating Digital Transformation: Optimizing Retail Operations Amid Margin Pressure Manik Bhatia, Head of Cobranded Research Sector Lead: Steven Winnick, Vice President—Innovator Services January 30, 2024 Reasons to ReadThe retail landscape is undergoing a significant transformation, driven by the unpredictable economic environment and shifting consumer preferences—given these turbulent and unprecedented times, understanding and effectively managing costs and margins has become more crucial than ever. In this report, we delve into the strategies and challenges of cost and margin management in the retail sector via the lens of digital transformation technologies. We examine the current state of the retail industry, focusing on how digital technologies such as financial planning software, workforce management tools, and artificial intelligence and machine learning applications can address the pressing issues of cost control and margin optimization. Our analysis is based on a Coresight Research survey of key decision-makers at medium-sized to enterprise retailers globally. This report is produced and made available to non-subscribers of Coresight Research in partnership with Workday, a leading cloud-based financial and human capital management software platform. Data in this research report include: Estimated global workforce management software market size, 2023–2027E Proprietary survey data on costs that retail businesses found most difficult to control and the unexpected costs they encountered over the past 12 months Survey data on the challenges retail companies faced when making their operations adaptive to a fast-changing environment and when managing staff in times of fluctuating demand Survey data on the technology solutions retail companies are using to manage their costs and margins and the effectiveness of those solutions Other relevant research: Workday is featured in the Coresight Research Tech 25, our focus list of retail-technology companies to watch. Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. More coverage of 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 DiveConsumers Shift Spending Toward Essential Categories: US Consumer Survey Insights Aditya Kaushik, Analyst January 30, 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 22, 2024. Data in this research report are our latest proprietary survey findings on: Activities that consumers have done in the past two weeks What consumers have bought in-store and online in the last 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
Deep DiveRetail-Tech Landscape—Food Technology Vijay Doijad, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research January 29, 2024 Reasons to ReadThe food technology (food tech) industry, at the crossroads of culinary traditions and technology, is experiencing transformative shifts. We present selected technology providers globally that are offering food-tech solutions for grocery retail, covering supply chain, e-commerce, food waste, fulfillment, in-store technology and more. Most of the companies featured in this Retail-Tech Landscape participated in the FMI (Food Management Institute) Midwinter Executive Conference 2024. Companies mentioned in this report include: Amoobi, Afresh Technologies, Avery Dennison, Blue Yonder CMX1, DoorDash, Digital Wave Technology, Focal Systems, Google, Grocery Shopii, Impact Analytics, Instacart, Invafresh, Ocado Group, RELEX Solutions, Shipt (Target), Takeoff Technologies, Trax Retail Other relevant research: More research on food waste in grocery retail Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. What’s Next for the Food Industry?: Insights Presented at the FMI Midwinter Executive Conference 2024 All our Retail-Tech Landscapes spotlighting innovators that are disrupting the retail industry 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 Purchase this report. Buy Now This document was generated for
Insight ReportJanuary 2024 Leading Indicators of US Retail Sales: Higher Inflation Hints at Weakened Retail Sales To Start the Year Madhav Pitaliya, Analyst January 29, 2024 Reasons to ReadThe monthly Coresight Research Leading Indicators of US Retail Sales series tracks several major macroeconomic indicators and their likely effect on US retail sales. This report analyzes the latest available data as of January 24, 2024. Data in this research report include: Proprietary Coresight Research projections for retail sales growth by month for the next 12 months US actual retail sales versus model predicted sales US unemployment rate and labor force participation rate US average hourly wages for all private-sector employees US annualized real disposable income per capita Other relevant research: December 2023 Leading Indicators of US Retail Sales: The Picture Heading Into 2024 The Coresight Research US Retail Sales Databank Click here to view our full collection of monthly reports 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 CornerWeinswig’s Weekly: Fashion Retail’s Resilience in the Holiday Season John Mercer, Head of Global Research and Managing Director of Retail Research January 28, 2024 Reasons to ReadEach report in the Weinswig’s Weekly series reflects on a topical theme in retail. We also highlight our key research from the past week and upcoming reports to look out for, so you don’t miss out. This week’s note, “From the Desk of Deborah Weinswig,” discusses one theme from our research on the shape and scale of performance in retail during the holiday peak: the resilience of the apparel sector. Other relevant research: Holiday 2023: US Retail Wrap-Up More research on US holiday retail The Coresight Research US Holiday Retail 2023 Databank tracks key retail metrics for the holiday season. US Apparel and Footwear—Retail 2024 Sector Outlook Visit the Coresight Research Fashion and Luxury Hub to explore sector data, reports and company profiles. Five Forces and Five Trends Impacting US Retail in 2024 Stay tuned to the Retaili$tic podcast for weekly retail insights and inspiration. Read previous Weinswig’s Weekly reports, including last week’s, which discussed the evolving market for pet products and services in China. This document was generated for
Insight ReportCompeting with E-Commerce Giants Through 2030: The Future of Malls—Part 3 Swarooprani Muralidhar, Director of Research January 26, 2024 Reasons to ReadThe three-part The Future of Malls series from Coresight Research provides quantitative predictions and an analysis of sector dynamics for US malls—which we define as indoor, covered shopping centers—through 2030, including emerging opportunities, evolving retailer behavior and new trends in construction and mall space usage. In this third and final report, we look at the ways in which malls will compete with e-commerce companies throughout the current decade. Companies mentioned in this report are: Brookfield, Macerich, Simon Property Group (including Taubman Centers) Other relevant research: Read parts one and two of The Future of Malls series—and look out for our comprehensive ebook compiling our research, which will publish soon. 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 more coverage of the real estate sector and physical retail. 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 4: Macy’s To Close Five Stores Aaron Mark Dsouza, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research January 26, 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: CVS Health, Macy’s, Zara Other relevant research: Weekly US and UK Store Openings and Closures Tracker 2024, Week 3: Greggs To Open 140 Stores in the UK 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
InfographicThree Data Points We’re Watching This Week John Mercer, Head of Global Research and Managing Director of Retail Research January 26, 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 retail and foodservices sales growth in China during the Lunar New Year period, December UK retail sales growth and inflation’s impact on US consumers’ 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
Insight ReportHoliday 2023: UK Retail Wrap-Up—December Downturn Unlikely To Herald Renewed Retrenchment John Mercer, Head of Global Research and Managing Director of Retail Research January 25, 2024 Reasons to ReadThe UK holiday season is all wrapped-up! We offer our conclusions from peak-season trading: dive into retail sales data and retailers’ trading updates from the fourth quarter of 2023. In addition to assessing recently reported metrics, we present our view on the UK consumer economy and look ahead to the prospects for UK retail in 2024. Data in this research report include: UK retail sales growth over the past 15 months 2024 holiday-quarter UK retail sales growth by sector—nominal and real Major UK grocery and nonfood retailers’ sales results for holiday 2023 vs. holiday 2022 Companies mentioned in this report include: Aldi, Asda, ASOS, B&M, B&Q, Boohoo Group, Currys, Dunelm, Home Bargains, J. Sainsbury, Marks and Spencer, Next, Poundland, Primark, Shein, Tesco, Temu, The Very Group Other relevant research: Retail 2024: Five Forces and Five Trends Shaping UK Retail US and UK Store Tracker Extra: Store Openings and Closures 2023 Review and 2024 Outlook The Coresight Research UK Retail Sales Databank brings together retail sales data to help you understand the trajectory of UK retail. Holiday 2023: US Retail Wrap-Up—Strong Performance in E-Commerce and Clothing Sectors Drives Growth 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 Purchase this report. Buy Now This document was generated for
Insight ReportRetail Shrink and ORC: Cart-Based Loss Is on the Rise; New Tech Solutions Seek To Address Retail Theft Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research January 25, 2024 Reasons to ReadContinuing our monthly series on retail shrink and organized retail crime (ORC), we present recent developments from the UK and the US as well as news about loss-prevention technologies. We also provide commentary on the topic from the recent earnings calls of selected retailers in North America. Data in this research report include: Loss-prevention strategies used by SMBs in the past 12 months to reduce external theft Companies mentioned in this report include: AiFi, BriefCam, Costco, Datalogic, Diebold Nixdorf, Dollar General, Empire Company, Everseen, Morrisons, Nvidia, Pathr.ai, Safer Group, SureView, Walgreens Boots Alliance Other relevant research: Read the previous report in the Retail Shrink and ORC RetailTech: Leading-Edge Loss Prevention—Tackling Theft and Fraud Through RFID, Video Surveillance and More—a free report, sponsored by Sensormatic Retail Challenges Drive Edge Technology Investment—a free report, sponsored by VMware Retail-Tech Landscape: Loss Prevention Watch our Insights Video for more insights from our analysts on loss prevention. 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 ReportQuality Spaces and Tenant Diversity Are Keys to Profitability: The Future of Malls—Part 2 Swarooprani Muralidhar, Director of Research January 24, 2024 Reasons to ReadThe three-part The Future of Malls series from Coresight Research provides quantitative predictions and an analysis of sector dynamics for US malls—which we define as indoor, covered shopping centers—through 2030, including emerging opportunities, evolving retailer behavior and new trends in construction and mall space usage. In this second report, we examine the current and future growth of quality spaces and tenant diversity in US malls. Keep an eye out for the third and final report in the series, which explores the ways in which malls are competing with e-commerce companies. Data in this research report include: 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 Average weekly foodservice expenditure by age of household head Companies mentioned in this report are: Brookfield, Macerich, Simon Property Group Other relevant research: Read parts one and three of The Future of Malls series—and look out for our comprehensive ebook compiling our research, which will publish soon. 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 more coverage of the real estate sector and physical retail. 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 ReportHoliday 2023: US Retail Wrap-Up—Strong Performance in E-Commerce and Clothing Sectors Drives Growth Aditya Kaushik, Analyst Sector Lead: Swarooprani Muralidhar, Director of Research January 24, 2024 Reasons to ReadCoresight Research concludes our coverage of the 2023 holiday season in US retail with our annual wrap-up report, drawing on proprietary consumer survey data, store-visit (traffic) data from Placer.ai, trading updates from selected retailers and retail sales data from the US Census Bureau. Data in this research report include: Proprietary survey data on consumers’ pre-holiday spending expectations and their reported holiday spending Survey data on what channels, categories and retailers consumers shopped during the 2023 holiday season Store traffic data for the holiday quarter by sector and retailer US total retail sales excluding gasoline and automobiles, total and by sector, for October, November and December 2023 Companies mentioned in this research report include: Amazon, Costco, Dollar General, Dollar Tree, Kohl’s, Macy’s, Ross Stores, Target, T.J. Maxx, Walmart Other relevant research: All Coresight Research coverage of US holiday retail The Coresight Research US Holiday Retail 2023 Databank tracks key retail metrics for the holiday season. Five Forces and Five Trends Impacting US Retail in 2024 Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators in the US. Complementing our monthly reports, the Coresight Research US Retail Sales Databank brings together retail sales data to help you understand the scale and trajectory of US retail. 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 Purchase this report. Buy Now This document was generated for
Insight ReportChinese New Year 2024 Preview: Good Fortune for Retail as the Year of the Dragon Takes Off—China Retail Insights Echo Gong, Senior Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research January 23, 2024 Reasons to ReadNew for 2024, the bi-weekly China Retail Insights series presents the latest insights from the ever-evolving landscape of China’s retail market. Each report in this series provides on-the-ground updates, dissecting trends, innovations and consumer behaviors that are shaping one of the world’s most dynamic retail environments. In this report, we preview the 2024 Chinese New Year holiday—also recognized as the Lunar New Year or Spring Festival. Discover our projections for retail sales during the holiday. We also offer insights into tourism and gifting trends and highlight notable brands that are celebrating the Year of the Dragon with limited-edition product collections. Data in this research report include: China retail sales, tourism revenue and levels of travel during the Chinese New Year holiday, 2019–2024E Other relevant research: Key Festivals and Holidays for Promotional Campaigns in China in 2024: Calendar Retail 2024: 10 Trends in China Retail The previous report in the China Retail Insights series explores China’s booming pet industry. Our China Consumer Survey Insights series takes a regular temperature check on Chinese consumers’ behaviors and sentiment, based on exclusive proprietary survey data. Our new China Retail Sales Databank More reports on China retail 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 Cut Back Amid Inflation Concerns: US Consumer Survey Insights Aditya Kaushik, Analyst January 23, 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 15, 2024. Data in this research report are our latest proprietary survey findings on: Whether consumers have noticed price rises in retail, November 2023–December 2024 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
Event PresentationChina Retail Unveiled: In-Depth Insights Presented at FIRA 2024 Annual Meeting Deborah Weinswig, CEO and Founder Sector Lead: Anand Kumar, Associate Director of Retail Research January 23, 2024 Reasons to ReadFrom personalization to omnichannel to supply chain, we offer insights on the keys to success in China’s retail market. Read our full presentation from the Federation of International Retail Associations (FIRA) Annual Meeting 2024 to understand the market’s growth trajectory and critical opportunities. We touch on shopping festivals, livestreaming, immersive experiences, AI (artificial intelligence), drone delivery, quick commerce and more! Discover the innovations coming from East to West. The FIRA 2024 Annual Meeting took place during NRF 2024: Retail’s Big Show. Data in this presentation include: US and China sales and year-over-year growth—in total and online, 2020–2023 US and China livestreaming e-commerce market size (2023) and future growth trajectory Deborah Weinswig, CEO and Founder of Coresight Research, presents at the FIRA 2024 Annual Meeting. Source: Coresight Research Other relevant research: Retail 2024: 10 Trends in China Retail More reports on supply chain, livestreaming e-commerce and China retail 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
