Deep DiveUS Back to School 2023: Top Categories and Apparel Brands Owen Riley, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Data-Driven Research July 12, 2023 Reasons to ReadCompleting our coverage of the US back-to-school (BTS) retail season, we discuss the product categories and apparel brands that consumers look set to shop this year, analyzing findings from a proprietary survey of US consumers. Data in this research report include: Product categories that BTS shoppers expect to buy BTS shoppers’ expectations for spending on product categories compared to last year Apparel brands that consumers plan to buy this BTS season Popular apparel and fashion trends for BTS We break down our overall findings by school level and household income. Companies mentioned in this report include: Adidas, NIKE, Old Navy, Target, Under Armour, Walmart Other related research: US Back to School 2023: Channels and Retailers—Who Is Set To Capture Share? US Back to School 2023: Retail Outlook—Macro Context and Consumer Plans For more insights into consumer behaviors and expectations in US retail, click here to view our full collection of US Consumer Tracker and US Consumer Tracker Extra The Coresight Research US Consumer Tracker Databank provides insight into US consumer behaviors from our weekly tracker 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 Other research you may be interested in:Financial Optimism Hits Six-Month High; Consumers Adapt to Tariffs and Inflation: US Consumer Survey InsightsThe Beauty Conversion Architecture: From Discovery to Purchase—Powering Beauty Companies’ Growth in 2025 and BeyondUS Store Tracker Extra: Store Openings and Closures 2025 Review and 2026 OutlookDrugstore Decimation: Assessing Rite Aid’s Closures, and Which Competitors Stand To Gain
Event PresentationPowering the Retail Revolution: Insights Presented at RetailNext Executive Forum 2023 Manik Bhatia, Head of Custom Research July 11, 2023 Reasons to ReadHow are brands and retailers using AI (artificial intelligence), retail media, headless commerce, Web3 and social commerce? Are these just fads or are these new technologies truly powering a retail revolution? At the RetailNext Executive Forum on June 1, 2023, Deborah Weinswig, CEO and Founder of Coresight Research, outlined key retail innovation themes from her latest book, “Next Generation Retail.” In this presentation, we highlight frameworks for retailers to assess the opportunities that key new technologies offer and develop roadmaps for their implementation. Key topics include: The CORE framework for implementing AI in retail The 3X3X3 framework: three new things to sell, three new ways to sell, three new promises to the consumer Pillars to create an intelligent supply chain Reassessing your loyalty strategy Advancing sustainability in your organization Other relevant research: The Coresight Research CORE framework for generative AI in retail More research on generative AI, retail media and sustainability in retail All Coresight Research coverage of emerging 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 Other research you may be interested in:Highlights from NextGen 2025: Retail, Real Estate & the New Consumer—InfographicUS CPG Sales Tracker: CPG E-Commerce Growth Eases from Prime Day Peak; General Merchandise Decline Confirms Pull-Forward EffectJanuary 2026 US Retail Sales: Stable Growth Trajectory Consistent with ML ProjectionsShoptalk Spring 2025 “Shark Reef” Startup Pitch: Event Format and Competitors
Insight ReportChina’s 6.18 Shopping Festival 2023: Livestreaming and International Brands Attract Shoppers Echo Gong, Senior Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research July 11, 2023 Reasons to ReadThe 6.18 shopping festival is the second largest annual online shopping festival in China. This year, livestreaming and international brands attracted shoppers. We discuss these trends and look at key performance results from Alibaba, JD.com and other notable participants in the 2023 event. Data in this research report include: Estimated GMV generated by e-commerce platforms during the 6.18 shopping festival Performance data and results from notable players Proprietary survey findings—participation and spending among Chinese consumers in this year’s 6.18 Companies mentioned in this report include: Alibaba (Taobao/Tmall), Douyin, JD.com, Kuaishou, Pinduoduo Other relevant research: Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar Retail 2023: 10 Trends in China E-Commerce More research reports on China retail The Coresight Research weekly China Consumer Tracker takes a regular temperature check on Chinese consumers’ behaviors and sentiment, based on exclusive proprietary survey data. 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 Other research you may be interested in:The Great Retail Reset: When Cost, Culture, and AI CollideHoliday 2025 Survey Insights: Shopping Activity Builds Amid Black Friday WeekendAnalyst Corner: Europe Maintains Its Leadership in Retail-as-a-Service, by John MercerFrom Prohibition to Participation: Measuring the Impact of Cannabis and Psychedelic Mushroom Legalization on Consumer Spending
Deep DiveSurprisingly Muted Fourth of July Build-Up: US Consumer Tracker 2023, Week 28 Owen Riley, Analyst July 11, 2023 Reasons to ReadThe Coresight Research weekly US Consumer Tracker takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data. In this report, we present findings from our survey conducted on July 3, 2023. Data in this report are our latest proprietary survey findings on: Avoidance of public places, by type of public place—latest data and four-week PPT changes Activities that consumers have done in the past two weeks Which retailers consumers have bought food and nonfood products from in the last two weeks What products consumers have bought in-store and online in the last two weeks Companies mentioned in this 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 Tracker reports The Coresight Research US Consumer Tracker Databank provides insight into US consumer behaviors from our weekly tracker 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 Other research you may be interested in:Five Ways AI Is Being Used in Grocery and Mass Retailing—and What’s NextWeekly UK Store Openings and Closures Tracker 2025, Week 43: Gap Returns To Physical StoresInnovator Matrix: MarTechJanuary 2026 US Retail Sales: Stable Growth Trajectory Consistent with ML Projections
Deep DiveRetail-Tech Landscape: Retail Analytics Vijay Doijad, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research July 10, 2023 Reasons to ReadHow can retailers harness the power of data to drive sales and enhance operational efficiency? We present selected technology providers globally whose solutions are helping retailers to build and optimize their analytics capabilities, covering customer behavior analysis, demand forecasting, pricing optimization and more. Categories covered in this landscape are: Customer analytics In-store, web and mobile analytics Inventory and supply chain analytics Predictive analytics and demand forecasting Pricing and revenue optimization Companies mentioned in this report include: Afresh, Amplitude, Banyan, Bluecore, Impact Analytics, Pathr.ai, Placer.ai, Quantum Metric, Syrup Our landscape infographic summarizes the companies outlined in this report. Other relevant research: Predictive Analytics in Retail: Enabling the Next Generation of Retail Management 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 Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in:The Sentiment Split: Optimism at the Top, Strain at the Bottom; Plus, Social Commerce Shopping in Focus—US Consumer Survey InsightsAgentic Commerce—The Impact on Retail Media and How Retailers Should RespondCES 2026: The Keynotes—AI Everywhere: In Factories, Wearables, and Industrial and Consumer ProductsData and Tech for Development—Tapping into the Consumer’s Head: Insights Presented at Retail Property Symposium 2025
Deep DiveRetail-Related Activities Increase: China Consumer Tracker Echo Gong, Senior Analyst July 10, 2023 Reasons to ReadThe Coresight Research weekly China Consumer Tracker takes a regular temperature check on Chinese consumers’ behaviors and sentiment, based on exclusive proprietary survey data. In this research report, we present findings from our survey conducted on June 26, 2023. Data in this research report are: Avoidance of public places, by type of public place—latest data and one-and four-week PPT changes Activities that consumers have done in the past two weeks What products consumers have bought in-store and online in the last two weeks Expectations for economic conditions and personal finances in the next 12 months A timeline of selected Covid-19 policy changes in China Other relevant research: Read the full series of China Consumer Tracker reports Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar Retail 2023: 10 Trends in China E-Commerce 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 Other research you may be interested in:Retail 2025: US Macro, Consumer and Retail OutlookDeeper on DeepSeek and Its Potential to Radically Level the AI Playing FieldRapid Adoption of GenAI in Shopping: A Barometer for Agentic Commerce—Data GraphicStore Tracker Extra: US Store Openings and Closures 2024 Review and 2025 Outlook
Analyst CornerWeinswig’s Weekly: The Checkout Process Continues To Evolve and Reduce Friction John Harmon, CFA, Managing Director of Technology Research July 9, 2023 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 key technologies that are driving the evolution of the checkout process in online and offline retail. Other relevant research: The Evolution of Checkout: Trends and Innovations for a Seamless Shopping Experience RetailTech Landscape: Checkout Solutions All Coresight Research reports on emerging technology in retail Read last week’s Weinswig’s Weekly, which looks ahead to an abundance of shopping events in the US—covering July 4, Amazon’s Prime Day, back to school and the holiday season, drawing on exclusive Coresight Research data and findings. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in:Rolling Metric Sentiment Declined This Week: Weekly US Consumer Sentiment, Week 36, 2025—InfographicResponses to Inflation—Trading Down in Food and Nonfood Remains a Critical Shopping Strategy: US Consumer Survey InsightsUS Forecast To See Multibillion-Dollar Hit from Falling International Visitor Spend: Another Retail HeadwindMapping the US’s Reciprocal Import Tariffs: Which Nations Are Affected?
Insight ReportPredictive Analytics in Retail: Enabling the Next Generation of Retail Management Vijay Doijad, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research July 7, 2023 Reasons to ReadWe assess the transformative impacts of artificial intelligence (AI)-powered predictive analytics in the retail industry, exploring how advancing technologies and changing consumer expectations are transforming retailers’ decision-making, personalization efforts and supply chain management. Discover key opportunities in the fast-changing data forecasting and predictive analytics sector, which will total $49.5 billion in 2027, Coresight Research estimates. Data in this research report include: US predictive analytics solution providers’ revenues—total and year-over-year changes, 2018–2027E The functions of demand forecasting and predictive analytics Key examples of companies deploying predictive and prescriptive analytics Companies mentioned in this research report include: Amazon, Walmart Other relevant research: Key Retail-Tech Themes at NRF 2023: Retail’s Big Show—Loss Prevention, Forecasting, Personalization and Associate Enablement Intelligent Demand Forecasting and On-Demand Manufacturing: Using AI Technology To Meet Consumer Expectations Winning the Retail Trifecta: Demand Forecasting, Allocation and Replenishment 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 Other research you may be interested in:Shoptalk Fall 2025 Day Three: From Constraints to Catalysts—Technology Driving the Next Era of RetailInnovator Profile: Buncha—Efficient Neighborhood Grocery Delivery Via Consolidated RoutesSector Focus: Home and Home-Improvement Shopping—Data GraphicThree Data Points We’re Watching This Week, Week 2: Global Retail Predictions for 2025
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2023, Week 27: US Store Closures Cross 3,000 Aaron Mark Dsouza, Data Analyst July 7, 2023 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: 2023 week-by-week comparisons of announced store closures and openings in the US and the UK 2022 week-by-week comparisons of announced store closures and openings in the US and the UK 2023 major US store closures and openings 2023 major UK store closures and openings Companies mentioned in this research report include: Alimentation Couche-Tard, Superdry Other relevant research: Weekly US and UK Store Openings and Closures Tracker 2023, Week 26: Walgreens Boots Alliance Drives Closures on Both Sides of the Atlantic The full collection of Weekly US and UK Store Openings and Closures Tracker reports Complementing our weekly reports, the Coresight Research US Store Tracker Databank offers our premium subscribers access to openings and closures data from 2012 to 2023 year to date, filterable by sector and year—now including retailer-level data. 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 Other research you may be interested in:Data and Tech for Development—Tapping into the Consumer’s Head: Insights Presented at Retail Property Symposium 2025The CORE Framework for Artificial Intelligence in RetailCPG Giants Realign Through Over $100 Billion in M&A, Demergers and Divestments3Q24 US Retail Inventory Insights: Apparel, Off-Price and Warehouse Club Retailers Expand Inventories for the Holidays
Deep DiveUS Back to School 2023: Channels and Retailers—Who Is Set To Capture Share? Owen Riley, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Data-Driven Research July 6, 2023 Reasons to ReadContinuing our coverage of the US back-to-school (BTS) retail season, we discuss the channels and retailers that consumers look set to shop this year, analyzing findings from a proprietary survey of US consumers. Data in this research report include: BTS shopping expectations by channel—online versus in-store Average planned spend per child on BTS shopping by channel—2023 vs. 2022 Where BTS shoppers plan to shop, by retailer—overall and breakdowns by school level and household income Where BTS shoppers plan to shop, by retailer—online versus in-store Additional survey findings from our weekly US Consumer Tracker—proportions of consumers shopping for nonfood products at selected retailers Companies mentioned in this report include: Amazon, Costco, Dollar General, Dollar Tree, Foot Locker, Kohl’s, Macy’s, Sam’s Club, Shoe Carnival, Target, TJX, Walmart Other related research: US Back to School 2023: Retail Outlook—Macro Context and Consumer Plans For more insights into consumer behaviors and expectations in US retail, click here to view our full collection of US Consumer Tracker and US Consumer Tracker Extra The Coresight Research US Consumer Tracker Databank provides insight into US consumer behaviors from our weekly tracker 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 Other research you may be interested in:The Tech-Driven Future of US Retail: AI To Power Smarter Supply Chains, Seamless Operations and Personalized ExperiencesHigh Hopes—Heightened Economic Optimism Entering the New Year: US Consumer Survey InsightsFreeze, Flight or Fight? How Retailers Can Strategically Navigate Tariff TurmoilAnalyst Corner: Decoding Blinkit’s Latest Numbers To Understand India’s Quick-Commerce Growth Story, with Manik Bhatia
Insight ReportAmazon India Prime Day 2023: Preview—A Focus on Convenience and Value, Plus Engagement Through Livestreaming and Gamification Arun Sriram, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research July 6, 2023 Reasons to ReadAmazon India will hold its seventh annual Prime Day shopping festival on July 15–16, 2023. We present five key insights ahead of the event, covering its focus areas, Amazon India’s continued support for SMBs (small and medium-sized businesses), headline discounts and more. Other relevant research: More Coresight Research coverage of Amazon’s Prime Day, including in the US and from past years The Coresight Research Amazon Databank brings together a range of proprietary data on Amazon, with a focus on its US retail operations. All our reports on shopping festivals/holidays and India 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 Other research you may be interested in:Weekly US Store Openings and Closures Tracker 2025, Week 38: Global Names, Including LEGO, Monos and Uniqlo, Continue to ExpandFebruary 2025 US Retail Sales Outlook: Growth Set for a Slowdown in February and MarchWeekly US Store Openings and Closures Tracker 2025, Week 40: Toys“R”Us Continues To ExpandThree Data Points We’re Watching This Week UK Store Openings and Closures—2024 Review and 2025 Outlook
Store TrackerUS Store Tracker Extra, June 2023: Walgreens Adds 2 Million Square Feet to Closures Aaron Mark Dsouza, Data Analyst July 5, 2023 Reasons to ReadThe US will see more than 60 million square feet of retail space close in 2023, with Walgreens contributing over 2 million square feet to that figure. 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 June 30, 2023. 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: Amazon, Casey’s General Stores, Dollar General, Gap Inc., Walgreens Boots Alliance 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 Store Tracker Databank offers our premium subscribers access to openings and closures data from 2012 to 2022 year to date, filterable by sector and year. 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 Other research you may be interested in:Holiday Shopping Starts in the Summer: Tariffs Trigger Ultra-Early Holiday Shopping in 2025—Data GraphicCES 2026: Pre-Conference Insights—Tech Markets, Key Technologies and Innovative New ProductsWeekly US Store Openings and Closures Tracker 2025, Week 53: Nearly 5,300 Stores Opened in 2025Weekly US Store Openings and Closures Tracker 2025, Week 42: 40 New Openings for Ross Stores Reflect Off-Price Encroachment
Insight Report1Q23 US Retail Inventory Tracker: Inventory Turnover Ratios Further Improve for Many Retailers Aditya Kaushik, Analyst July 5, 2023 Reasons to ReadIn our quarterly US Retail Inventory Tracker reports, we analyze inventory trends among US retailers listed in the Coresight 100. In this report, we look at the inventory levels of various retailers in 1Q23 and assess why levels may have changed from the year-ago period, across the following sectors: Apparel specialty retail—Academy Sports & Outdoors, American Eagle Outfitters, Burlington Stores, Gap Inc., Ross Stores, The TJX Companies and Urban Outfitters Beauty retail—Bath & Body Works and Ulta Beauty Department stores—Kohl’s, Macy’s and Nordstrom Discount stores—Big Lots and Dollar Tree Drugstores—CVS Health and Walgreen Boots Alliance Electronics retail—Best Buy Food and grocery retail—Albertsons Companies, Kroger, Sprouts Farmers Market, Weis Markets Home and home-improvement retail—Home Depot, Lowe’s Companies and Williams-Sonoma Jewelry retail—Signet Jewelers Luxury retail—Capri Holdings and Tapestry Mass merchandisers—Target and Walmart Warehouse clubs—BJ’s Wholesale Club and Costco Click here to read the previous report in the series, which looks at 4Q22. 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 Other research you may be interested in:Retail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UKKey Festivals and Holidays for Promotional Campaigns in China in 2026: CalendarRetail 2025: India Retail Predictions—Midyear Trends UpdateKey Festivals and Holidays for Promotional Campaigns in India in 2026: Calendar
Insight ReportRetail Around the World: Coresight Research Observations, 2Q23 Coresight Research July 4, 2023 Reasons to ReadCoresight Research is a global company with offices in seven cities across four continents, bringing unique points of view to our retail research. Our Retail Around the World series presents photographs of retail in action from across the globe, taken by members of the Coresight Research team. Companies mentioned in this research report include: Alibaba, Bloomingdales, Cartier, Guess?, JD.com, Saks Fifth Avenue, Sephora, Target Other relevant research: Retail Around the World: Coresight Research Observations, March 2023 Our coverage of physical retail and sustainability 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 Other research you may be interested in:Rolling Metric Stabilizes: Weekly US Consumer Sentiment, Week 38, 2025—InfographicHow Will Tariffs Impact China’s Singles’ Day 2025? Six Months To Go—What Brands and Retailers Need to KnowRapid Adoption of GenAI in Shopping: A Barometer for Agentic Commerce—Data Graphic4Q24 Retail Inventory Insights: Retailers Maintain Lean Inventories as Overall Inventory Ratio Remains Unchanged
Deep DiveJune 2023 US Housing Market Indicators: New Home Sales Continue To Shine Royce Baretto, Analyst July 4, 2023 Reasons to ReadThe Coresight Research US Housing Market Indicators series analyzes the current housing market landscape in the US, based on a range of metrics. We identify the factors influencing the industry and resulting in changes in supply and demand with inputs for the retail sector. This report analyzes the latest data available as of the end of June 2023. Data in this report include: US housing permits, starts and completions US existing home sales US Pending Home Sales Index US new home sales US Housing Affordability Index Other relevant research: The previous US Housing Market Indicators report Market Outlook: US Home-Improvement Retailing—Personalization and the Resurrection of In-Store Retail Our complete coverage of home and home-improvement retail View our full collection of monthly reports, which 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 Other research you may be interested in:Singles’ Day 2025: Three Trends To Look For as AI Moves Center StageShoptalk Fall 2025 Day Two: Scaling Pilots, Pivoting with Intelligence and Building Next-Gen Customer ExperiencesWeekly US Store Openings and Closures Tracker 2025, Week 18: Skechers To Close Multiple Stores; Whole Foods Market To Open Smaller-Format StoresAnalyst Corner: Three Technologies Driving the Future of US Retail, with Anand Kumar
