Insight ReportKroger and Albertsons To Divest 413 Stores to C&S Wholesale Grocers in a $1.9 Billion Deal Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research September 13, 2023 Reasons to ReadOn September 8, 2023, Kroger and Albertsons announced that, in connection with their $24.6 billion merger proposed in October 2022, they have entered into a definitive agreement with C&S Wholesale Grocers to sell physical locations in the US. We provide details of the agreement and the geographies that will likely see store divestitures, based on our analysis of the grocery companies’ store locations. Companies mentioned in this report include: Albertsons, Aldi, C&S Wholesale Grocers, Kroger, Walmart Other relevant research: Market Navigator: US Grocery Retailing—Exploring Growth, Inflation, Competition, Trends and Strategies Kroger and Albertsons Announce Merger: Details, Data and Implications Our previous report on Kroger’s and Albertsons’ store distribution Aldi To Acquire Winn-Dixie and Harveys Supermarket Banners for Major Southeastern US Expansion Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. 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 ReportGroceryshop 2023 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail Disruption Primel Konok, Analyst September 13, 2023 Reasons to ReadWe preview the Groceryshop 2023 “Shark Reef” Startup Pitch competition, presenting the 12 participating technology innovators, which span four areas of retail disruption. Key themes include artificial intelligence (AI), inventory management, supply chain and retail media. Coresight Research is a research partner of Groceryshop 2023. Are you attending Groceryshop? We’d love to meet with you! Click here to book a meeting with the team. Companies mentioned in this report are: 3mint, AndesML, Bevz, Crafted, Envelope, Guac, Instock.com, Luca, Mammoth, Native AI, Swish Brand Experiences, TAINR Other relevant research: Your Guide to Groceryshop 2023: How To Navigate Five Themes in Grocery Retail We will provide insights and highlights in regular coverage reports throughout the event. Keep up to date with all our coverage of Groceryshop. Market Navigator: US Grocery Retailing—Exploring Growth, Inflation, Competition, Trends and Strategies Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. 2023 Retail and Technology Outlook: Facing into the Headwinds Executive SummaryOn Tuesday, September 19, the “Shark Reef” Startup Pitch competition at Groceryshop 2023 in Las Vegas, Nevada, will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. Event Format and Judging Panel The event, emceed by Deborah Weinswig, CEO and Founder of Coresight Research, will comprise two rounds: all competitors will present for three minutes in the first round, followed by a short Q&A, after which six companies will progress to the next round. In round two, the finalists will each participate in a more in-depth Q&A session. The judges will select the Judges’ Choice winner, and the audience will have the opportunity to rate each company to determine the Audience Choice winner. Joining Weinswig on the expert panel of judges are Matt Nichols, General Partner at Commerce Ventures; Ashley Hartman, Managing Partner at Bluestein Ventures; and Carle Stenmark, General Partner at VMG Partners. Areas of Retail Disruption Coresight Research categorizes the 12 participating innovators into four areas of retail disruption: artificial intelligence (AI), inventory management and supply chain, marketing and loyalty, and e-commerce fulfillment. Participating Innovators The competing innovators are 3mint, AndesML, Bevz, Crafted, Envelope, Guac, Instock.com, Luca, Mammoth, Native AI, Swish Brand Experiences and TAINR. Introduction Coresight Research is a research partner of Groceryshop 2023, which will take place during September 19–21, 2023, in Las Vegas, Nevada, US. On Tuesday, September 19, the “Shark Reef” Startup Pitch competition will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards. The competition will span three sessions in Track 3, beginning at 3.15 p.m. and concluding at 5.35 p.m. PT (local time of the event). In this report, we preview the pitch competition, covering its format and the judging panel as well as an introduction to each participating innovator. Groceryshop 2023 “Shark Reef” Startup Pitch Competition: Preview Event Format and Judging Panel Deborah Weinswig, CEO and Founder of Coresight Research, will emcee the Groceryshop 2023 “Shark Reef” Startup Pitch competition as well as feature on the judging panel. The event will comprise two rounds: Round 1. All competitors will present for three minutes on how their innovative technologies are addressing important challenges in grocery. Weinswig will conduct a short Q&A session following each presentation. The audience will have the opportunity to rate each company, with six companies progressing to the next round based on the judges’ deliberation and audience ratings. Round 2. The finalists will each participate in a more in-depth, five-minute Q&A session with the judging panel. The judges will then decide the Judges’ Choice winner, and the audience ratings will determine the Audience Choice winner. Weinswig will be joined by three experts on the judging panel: Ashley Hartman, Managing Partner at Bluestein Ventures Matt Nichols, General Partner at Commerce Ventures Carle Stenmark, General Partner at VMG Partners Innovative Solutions Across Four Areas of Disruption in Retail The participating startups satisfy the following selection criteria: Business-to-business (B2B) solution Pre-Series A—funding of less than $8 million Founded within the last five years (since 2018) Scalable—strong growth prospects Highly differentiated—solving key industry challenges with innovative technology Coresight Research categorizes the 12 startups into four areas of disruption in retail. 1. Artificial Intelligence (AI) Innovators specializing in AI are helping retailers optimize their operations by providing insights and recommendations based on data analysis. AI is being used to optimize demand forecasting and pricing, as well as to improve personalization to enhance the overall customer experience. Startups: Guac, Luca, Native AI 2. Inventory Management and Supply Chain Companies focused on inventory management and supply chain visibility are using technology to help retailers reduce waste and enhance sustainability, optimize inventory levels and improve product availability. Startups: Envelope, Mammoth, TAINR 3. Marketing and Loyalty Startups in this category are helping retailers enhance customer engagement and loyalty by providing personalized marketing campaigns and loyalty programs. They are using data analytics to understand customer behavior and preferences and provide targeted recommendations through a variety of physical and digital channels. Startups: 3mint, AndesML, Crafted, Swish Brand Experiences 4. E-Commerce Fulfillment Companies focused on improving e-commerce fulfillment processes—including delivery and returns—are using technology to provide faster and more efficient delivery options and improve the overall customer experience. Startups: Bevz, Instock.com Figure 1. Groceryshop 2023 “Shark Reef” Startup Pitch: 12 Innovators Across Four Areas of Retail Disruption Source: Coresight Research The Competing Innovators 3mint Speaker: Tom Borgers, Founder and CEO Area of Disruption: Marketing and loyalty Year Founded: 2022 Headquarters: New York, New York, US CPG brands struggle to establish direct digital engagement channels with their customers to overcome their reliance on indirect retail channels. This makes it hard for consumer-packaged-goods (CPG) brands to drive customer loyalty because they cannot effectively communicate with their customers. 3mint’s omnichannel loyalty platform for CPG brands combines with an end-consumer wallet to enable brands and retailers to establish direct communication and engagement with customers in their largest sales channels—allowing shoppers to earn and redeem rewards through the same retail channels they already frequent. By capturing more first-party customer data and incorporating retail customers into their engagement funnel, 3mint’s platform empowers brands and retailers to build loyalty across online and offline channels, driving repurchase and increasing customer lifetime value. AndesML Speaker: Tomás Gazmuri, Co-Founder and CEO Area of Disruption: Marketing and loyalty Year Founded: 2021 Headquarters: Santiago, Region Metropolitana, Chile Retail advertising is undergoing a significant shift toward retail media networks (RMNs) due to changes in the privacy landscape and increased demand for more accountable advertising. AndesML aims to revolutionize e-commerce monetization by transforming businesses into multichannel advertisement networks using an AI-powered technology platform. The company offers a fast, cost-effective alternative to in-house builds, enabling online companies to introduce an advertisement-based revenue stream and optimize their ranking systems, working directly with their sellers to promote products on-site. Through proprietary algorithms, AndesML delivers a personalized experience to the end consumer, generating sales for third-party vendors as well as providing e-commerce marketplaces with a new revenue stream. Bevz Speaker: Jason Vego, Co-Founder and CEO Area of Disruption: E-Commerce Fulfillment Year Founded: 2020 Headquarters: Los Angeles, California, US Bevz is looking to revolutionize the snack and beverage industry at a hyper-local level through convenience stores. Convenience stores miss out on revenue opportunity every year due to mismanaged inventory and lost sales, both in-store and online. Bevz addresses this issue by offering an array of features that empower convenience stores to thrive in an increasingly competitive and omnichannel retail landscape. The company’s SaaS (software-as-a-service) platform automates convenience-store inventory purchasing from snack and drink distributors and transforms the way retailers sell in-store through their point of sale (POS) system and online through their e-commerce and delivery apps. Its inventory management tools enable store owners to have full control of inventory with one product library, adjust prices that update on delivery apps, accept orders from third-party delivery partners such as DoorDash, Uber Eats and Postmates, and get delivery-driver status updates from one centralized platform. Crafted Speaker: Sarah Nesheim, Co-Founder Area of Disruption: Marketing and loyalty Year Founded: 2021 Headquarters: New York, New York, US Crafted specializes in providing quality user-generated content (UGC) for food and beverage brands, aiming to increase brand awareness and conversion through authentic videos that offer social proof. The company’s platform connects brands with a vast network of food content creators, allowing them to scale their content needs as they launch in new retail locations. Crafted focuses on delivering high-performing content by implementing an internal video-review process that consistently produces videos that outperform other UGC providers and in-house content teams. The platform’s geo-targeted campaigns ensure that brands don’t waste money promoting products in locations where they aren’t available, further optimizing marketing efforts and maximizing return on investment. Envelope Speaker: Khuldoon Bukhari, Co-Founder and CEO Area of Disruption: Inventory management and supply chain Year Founded: 2020 Headquarters: Tallinn, Harjumaa, Estonia The retail landscape is currently faced with challenges in maintaining optimal on-shelf inventory availability. Envelope offers an AI-driven retail management platform, called enRetail, that leverages cameras to monitor shelves in real time, eliminating the need for manual shelf audits. The enRetail platform provides automated task management and on-shelf availability analysis and insights, enabling retailers to improve efficiency and productivity, reduce losses, maximize revenue and improve the customer experience. The platform offers features such as restocking alerts, staff performance analysis and stock level monitoring, making it easier for retailers to manage their inventory and staff. Guac Speaker: Euro Wang, Co-Founder and CEO Area of Disruption: AI Year Founded: 2020 Headquarters: San Francisco, California, US Food waste and inventory management are critical challenges in grocery retail. Guac specializes in AI-powered demand forecasting for grocery retailers, aiming to help retailers cut food waste, increase on-shelf availability and reduce manual ordering mistakes in order to increase revenue. By offering daily, SKU stock keeping unit)-level predictions for all departments, Guac enables grocers to optimize inventory management and streamline their ordering processes. By integrating machine-learning technology with hundreds of external data points tailored to individual stores, Guac’s algorithm delivers accurate predictions, enabling retailers to avoid over-ordering and maintain fuller shelves, ultimately leading to increased sales and improved customer loyalty. Instock.com Speaker: Yegor Anchyshkin, Co-Founder and CEO Area of Disruption: E-commerce fulfillment Year Founded: 2020 Headquarters: Burlingame, California, US Robotics-as-a-service company Instock.com aims to help retailers reduce the cost of picking and packing orders through automation. The company provides a robotic fulfillment solution that has a small footprint and is flexible and accessible for operators of all sizes. Instock.com’s system comprises grids, bins, autonomous robots (which are the only moving element of the system) and Incloud, cloud software that orchestrates the system’s fulfillment-related operations. Using the Instock.com system, retailers can use existing spaces to manage their orders, rather than building new warehouses on the outskirts of towns, which is particularly advantageous for e-commerce retailers looking to target consumers in urban areas. Instock.com has designed its robots to work effectively in small (1,000 square feet) and oddly shaped spaces, balancing handling many items with processing orders quickly. The company also offers a simulation environment where businesses can build a high-fidelity digital twin of their fulfillment site to quickly evaluate the economic benefits of working with Instock.com. Luca Speaker: Tanvi Surti, Co-Founder and CEO Area of Disruption: AI Year Founded: 2022 Headquarters: San Francisco, California, US Luca is an AI-powered co-pilot for enterprise retailers that identifies revenue- and profit-boosting opportunities in product pricing. Luca’s AI software recommends pricing increases and decreases across similar SKUs, specifying the opportunity size in both revenue and profit across dollar and percentage terms. Luca contextualizes each opportunity by giving a confidence level in the recommendation, based on availability of sales data for that product. The company’s technology is intended to be complementary to human decision-makers within retail organizations, bolstering their capabilities by converting large amounts of data about the business into clear and actionable recommendations. Luca enables retailers to refresh their pricing plans as often as needed, ensuring alignment with evolving financial objectives, with dynamic price adjustments driven by real-time demand and supply signals. Its monitoring system acts as a safeguard by alerting businesses to potentially harmful price changes. By responding to competitors’ moves, unveiling opportunities for product bundles and clearance sales, fine-tuning free shipping thresholds and crafting nuanced promotions, Luca empowers retailers to make data-driven decisions around pricing. Mammoth Speaker: Julia Cohen, Co-Founder and CEO Area of Disruption: Inventory management and supply chain Year Founded: 2022 Headquarters: New York, New York, US Grocery retailers face challenges in managing volatile global supply chains and adapting to unpredictable consumer demand patterns. Mammoth is an intelligent supply chain platform that leverages real-time data and AI to help high-growth food companies build more efficient, responsive and resilient supply chains. Embedding climate intelligence into day-to-day decision-making, Mammoth enables supply chain teams to reduce climate impact and risk while equipping commercial teams with the data they need for reporting to investors, retailers and consumers. The company’s platform helps businesses automate and optimize their supply chain across the areas of planning, procurement, management and measurement. By consolidating data and key performance indicators, automating and optimizing supply plans, and incorporating climate intelligence and risk assessment into planning and procurement workflows, Mammoth enables brands to navigate the rapidly changing business landscape effectively. In addition to enhancing supply chain efficiency, Mammoth’s platform also focuses on sustainability and resilience, helping companies reduce their environmental impact and mitigate risks associated with climate change. Native AI Speaker: Frank Pica, Co-Founder and CEO Area of Disruption: AI Year Founded: 2018 Headquarters: New York, New York , US Retail companies increasingly need access to reliable and timely consumer insights to make informed decisions about their products and services. Native AI is an always-on market intelligence platform that leverages generative AI to help businesses create enhanced customer experiences. The platform uses natural language processing (NLP) and AI to convert unstructured data into digestible visuals and actionable insights for brands. Native AI’s platform offers a comprehensive suite of solutions, including product cataloging, sentiment analysis, competitive scouting, persona building, message optimization and more. Native AI’s proprietary digital-twin technology uses generative AI to create clones of target customers using billions of parameters. This allows businesses to ask specific questions about their products and receive unbiased answers in minutes, compared to the weeks it would take to execute a focus group or survey. Swish Brand Experiences Speaker: Adam Stave, Founder and CEO Area of Disruption: Marketing and loyalty Year Founded: 2022 Headquarters: Northville, Michigan, US Swish Brand Experiences offers a data-driven product-sampling platform for brands and retailers. With a mission to modernize and optimize product sampling, the company aims to elevate customer loyalty, strengthen supplier relationships and seamlessly expand retail media capabilities, while rewarding shoppers. Harnessing real-time customer order data, Swish Brand Experiences integrates full-size complimentary products into online grocery orders on behalf of CPG brands. Managing this process end-to-end, the Sponsored Product Sampling platform offers tailored customer experiences, empowers brands with performance insights, and enables retailers to extend their retail media reach. TAINR Speaker: Kathy Silva, Founder and Chief Operating Officer Area of Disruption: Inventory management and supply chain Year Founded: 2021 Headquarters: Los Angeles, California, US TAINR is a package-refill technology provider. Its smart refill kiosks eliminate the need for single-use plastic packaging while addressing the inefficiencies that come from managing packaged goods: the kiosks automatically weigh and dispense shopper orders into plastic-free containers. TAINR gives brands and retailers the ability to track inventory data in real time, providing insights into shopper behavior to optimize supply and demand. TAINR’s packageless offerings also help brands and retailers become more operationally sustainable, aligning with a current market focus on sustainability, including among consumers and other stakeholders. Notes Groceryshop 2023 “Shark Reef” Startup Pitch details and participating innovators accurate as of September 13, 2023. This document was generated for
Insight ReportYour Guide to Groceryshop 2023: How To Navigate Five Themes in Grocery Retail Sunny Zheng, Analyst September 12, 2023 Reasons to ReadGroceryshop 2023 is nearly here! We offer a guide for attendees of notable sessions across the major themes of this year’s event, which will take place during September 19–21, 2023, in Las Vegas, US. We also highlight the “Shark Reef” startup pitch competition—look out for our full preview of this event. Coresight Research is a research partner of Groceryshop 2023. Are you attending Groceryshop? We’d love to meet with you! Click here to book a meeting with the team. Companies mentioned in this report include: Ahold Delhaize, Albertsons, Kroger, Mars, PepsiCo, Walmart Other relevant research: We will provide insights and highlights in regular coverage reports throughout the event. Keep up to date with all our coverage of Groceryshop. Market Navigator: US Grocery Retailing—Exploring Growth, Inflation, Competition, Trends and Strategies US Online Grocery Survey 2023: Insights into Shopper Behaviors, Quick Commerce and Meal Kits—plus our infographic of selected survey findings Five Strategies for Success in US Grocery Retail: Leveraging First-Party Data To Offer a Connected Shopping Experience Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. Executive SummaryGroceryshop is an annual conference that helps businesses navigate the evolving grocery landscape, exploring the latest business models, advanced technologies and shifting consumer behaviors. Taking place in Las Vegas, US, on September 19–21 this year, the conference will cover five major themes in grocery retail. Coresight Research Insights Notable Sessions Across Five Major Themes Unified shopping experience: The seamless convergence of online and offline shopping experiences will be a major trend in Groceryshop 2023. Consumers expect a smooth transition between digital platforms and physical stores, which demand unified inventory, pricing and personalized promotions across all touchpoints. Notable sessions related to this trend will feature speakers from DoorDash, The Kellogg Company, PepsiCo, Schnuck Markets and more. Game-changing efficiency and future-proofing: The adoption of advanced technologies such as artificial intelligence (AI), generative AI and automation will redefine grocery operations by improving efficiency, enabling data-driven decision-making, elevating customer experiences and transforming supply chain management. Notable sessions related to this trend will feature speakers from Ahold Delhaize USA, Freeosk, Obsess, Microsoft, Standard AI and more. New growth opportunities: Diversification beyond traditional offerings will unlock new revenue streams. Increased focus among stakeholders on sustainability, as well as trends in health-conscious consumption, meal kits and gourmet selections, present opportunities for brands and retailers. Notable sessions related to this trend will feature speakers from Albertsons Companies, Eat the Change, January Digital, NielsenIQ, Sam’s Club and more. Win-win relationships: Retailers can better adapt quickly to changing consumer behavior and market trends through effective shopper-centric collaboration with their suppliers, but shared goals and a single version of the truth are key. Another important pillar of win-win relationships lies in data sharing. Notable sessions related to this trend will feature speakers from Coca-Cola, Dollar General and more. Organizational evolution: A culture of adaptability and continuous learning will drive success for grocery retailers: grocers that foster an environment of innovation, empower their workforce and prioritize customer-centricity will be better positioned to navigate industry shifts effectively. Notable sessions related to this trend will feature speakers from L’Oréal, Mars Wrigley and more. “Shark Reef” Startup Pitch Competition We strongly urge attendees to join the “Shark Reef” Startup Pitch competition, which will take place on September 19 in Track 3. The event will span three sessions, comprising presentations and Q&A from early-stage startups whose technologies are addressing challenges in retail. The judges and audience will rate each company, to determine Judges’ Choice and Audience Choice winners. Deborah Weinswig, CEO and Founder of Coresight Research, will emcee the competition, in addition to participating as one of the judging panel. The participating innovators are 3mint, AndesML, Bevz, Crafted, Envelope, Guac, Instock.com, Luca, Mammoth, Native AI, Swish Brand Experiences and TAINR. What We Think Groceryshop 2023 will present a key opportunity for brands, retailers and technology providers to gain insights into the evolving grocery landscape and how to best position themselves for sustainable growth and success. Brands or Retailers Poised To Gain Advantage Brands and retailers such as Kroger and Kellogg’s that successfully integrate their online and offline operations will gain a competitive edge by providing convenience, flexibility and a consistent shopping journey that can enhance customer loyalty and satisfaction. Brands and retailers such as Ahold Delhaize, Nestlé and PepsiCo that are investing in game-changing technologies will enhance their operational agility, resulting in improved customer service and a more profitable bottom line. Grocers that embrace innovative product offerings aligned with changing consumer behavior will attract a broader customer base, boost sales and solidify their position in an evolving market. Some successful examples include Eat the Change, The Hershey Company and Mars. Brands or Retailers That Risk Losing Advantage Customers may find it frustrating to have a different experience in-store and online while shopping from traditional grocers, leading to decreased loyalty and satisfaction. A grocery chain that is not open to new technologies and instead sticks to manual processes and outdated systems may fail. Your browser does not support the video tag. Introduction Coresight Research is a research partner of Groceryshop 2023, which will take place during September 19–21, 2023, in Las Vegas, US. Groceryshop is an annual conference that helps businesses navigate the evolving grocery landscape, exploring the latest business models, advanced technologies and shifting consumer behaviors. This report offers a guide to notable sessions for attendees across five major themes identified by the Groceryshop team: unified shopping experience, game-changing efficiency and future-proofing, new growth opportunities, win-win relationships and organizational evolution. We also highlight the “Shark Reef” Startup Pitch competition (which will take place on the first day of Groceryshop). All times in this report are PT (local time of the event). To ensure you don’t miss out on critical insights, we will provide regular coverage of Groceryshop 2023 on coresight.com. Closing the event, leaders of the Groceryshop Content Team will host the “Groceryshop Key Takeaways” session in Track 4 at 3.00 p.m. on Thursday, September 21. Coresight Research will publish a wrap-up of everything you need to know from Groceryshop 2023 after the event. Dive into the US grocery retail market with our Market Navigator, which explores growth, inflation, competition, trends and strategies. Guide to Groceryshop 2023: Coresight Research Insights Notable Sessions Across Five Major Themes 1. Unified Shopping Experience A consumer-centric retail strategy takes full advantage of physical stores and consumer data to create engaging experiences. With the infinite choices available to today’s shoppers, good shopping experiences are a differentiator. Brands and retailers must remain consistent in their efforts to create memorable experiences for their customers both online and in physical stores, weaving hospitality into all consumer touchpoints. In building omnichannel experiences for consumers, retail companies must ensure data integration, inventory visibility, seamless checkout, a user-friendly website and mobile app, social commerce integration, flexible fulfillment options, analytics and employee training. Below, we present notable sessions relevant to this theme. Time Session Track Speakers/Panelists Tuesday, September 19 3.15 p.m. –3.55 p.m. Case Studies: Tactics for Unifying Online and In-Store Grocery 1. Creating Outstanding Shopping Experiences Steve Henig, Chief Customer Officer, Wakefern Food Corp Tammy Ackerman, VP, Retail E-Commerce, Treasury Wine Estates Manish Sharma, VP and GM Omni-commerce, The Kellogg Company Ben Miller, Director of Original Content, Groceryshop (Emcee) Wednesday, September 20 4.00 p.m. –4.40 p.m. Strategies for Omnichannel Fulfillment and Delivery 2. Optimizing the Grocery Supply Chain Jennifer McKeehan, SVP, End to End Delivery, Walmart US, Walmart Fuad Hannon, VP, New Business Verticals, DoorDash Mustafa Bartin, CEO, Migros Turkey Retail John Carroll, President of Digital Commerce & Advanced Analytics, Acosta Group (Interviewer) 4.50 p.m.–5.30 p.m. Breakthrough Physical Retail Experiences for Omnichannel Shoppers 1. Meeting Ever-Changing Consumer Needs Dave Steck, VP, IT Infrastructure & Application Development, Schnuck Markets Jody Wasbro, SVP, Strategy & Experience Design, WD Partners Ben Miller, Director of Original Content, Groceryshop (Presenter & Interviewer) Thursday, September 21 9.35 a.m.–10.15 a.m. Track Keynote: Serving the On-the-Go Consumer 3. The Convergence of Grocery, Convenience and QSR Cara Keating, Chief Customer Officer, Frito-Lay North America, PepsiCo Shefali Kapadia, Managing Editor, CPG Specialist, Financial Times (Interviewer) Related Coresight Research reports: BEST at Retail: Experiences—Consumer Centricity Boosts Engagement Five Strategies for Success in US Grocery Retail: Leveraging First-Party Data To Offer a Connected Shopping Experience How US Consumers Are Shopping for Groceries: Analyzing Traffic, Ticket, E-Commerce and Private Label Unified Commerce for the Channel-Agnostic Consumer Shifting Payment Infrastructure—The Path to Frictionless Checkout and Decentralized Commerce 2. Game-Changing Efficiency and Future-Proofing The adoption of advanced technologies such as artificial intelligence (AI), generative AI and automation will redefine grocery operations by improving efficiency, enabling data-driven decision-making, elevating customer experiences and transforming supply chain management. Coresight Research estimates that global retail revenues generated because of AI technologies will grow to $38.6 billion in 2030, representing a CAGR of 23.9% from 2023. In the same time frame, the global generative AI software market (service providers’ estimated revenue) will grow at a CAGR of 90.3%, to $74.8 billion, we estimate. The Coresight Research CORE framework for generative AI in retail serves as a navigation tool for retail companies exploring the use cases of generative AI in the industry. However, challenges such as data privacy, bias, hallucinations and a lack of customer trust must be addressed to successfully implement generative AI technologies. Ahold Delhaize is one of the leading retail companies investing heavily in technology. In its most recent earnings call on August 9, 2023, the company reported that it is doing so to fuel growth, enhance customer experiences and secure industry-leading margins. Initiatives involve embracing transformational changes in the operating model, with a focus on new business models, automation, technology and data. CEO of Ahold Delhaize USA, JJ Fleeman, will deliver a keynote speech on the first day of Groceryshop 2023. Below, we present notable sessions relevant to this theme. Time Session Track Speakers/Panelists Tuesday, September 19 10.40 a.m.–11.00 a.m. Keynote Keynote (Oceanside Ballroom) Rodney McMullen, Chairman & CEO, Kroger Melissa Repko, Retail & Consumer Reporter, CNBC (Interviewer) 12.45 p.m.–1.05 p.m. Moments that Matter: Delivering Connected Omnichannel Experiences Keynote (Oceanside Ballroom) JJ Fleeman, CEO, Ahold Delhaize USA Joe Laszlo, VP Content, Groceryshop (Interviewer) 4.55 p.m.–5.35 p.m. Track Keynote: Tapping Generative AI to Elevate Shopping Experiences 1. Creating Outstanding Shopping Experiences Surabhi Pokhriyal, Chief Digital Growth Officer, Church & Dwight Veeral Shah, Chief Digital & E-Commerce Officer, Nestlé USA Nick Handrinos, Vice Chairman, Retail & Consumer Products Leader, Deloitte (Interviewer) Wednesday, September 20 8.45 a.m.–9.25 a.m. Generative AI Tools for Grocery & CPG 3. Technology Solution Spotlight Kathleen Mitford, Corporate VP, Global Industry, Microsoft Matt Swalley, Co-Founder & Chief Business Officer, Omneky Jeff Erickson, Co-Founder & Chief Product Officer, Viable Graham Hogg, Co-Founder & CEO, see6 Rupal Parekh, Partner, Work & Co (Interviewer) 9.35 a.m.–10.15 a.m. Leveraging Automation Across the Organization 2. Achieving Operational Efficiencies Amitabh Mall, Chief Analytics Officer & Managing Director, wiq, Woolworths Group Prabash Coswatte, Chief Administrative Officer, Heritage Grocers Group Alicia LeBeouf, Head of Industry – Retail, Marketplaces, & Grocery, Meta Sebastian Bak, Partner & Managing Director, Boston Consulting Group (Interviewer) 4.00 p.m.–4.40 p.m. Technologies Transforming Store Operations and Empowering Associates 3. Technology Solution Spotlight David von Laskowski, President & CEO, Picadeli & Greenfood Group Jacqueline Claudia, CEO, SmarterX Brad Bogolea, Co-Founder & CEO, Simbe Robotics Jordan Fisher, Founder & CEO, Standard AI Tony Ward, Retail Leader, Ernst & Young (Interviewer) 4.50 p.m.–5.30 p.m. Technologies Powering Engaging Shopping Experiences 3. Technology Solution Spotlight Neha Singh, Founder & CEO, Obsess Devo Harris, Founder & CEO, Adventr Matt Eichorn, Co-Founder, President & CEO, Freeosk Shariq Siddiqui, Founder & CEO, Veeve Bernardine Wu, Executive Managing Director, OSF Digital (Interviewer) Related Coresight Research reports: Retail Challenges Drive Edge Technology Investment Supply Chain Optimization with Web3: Unlocking the Potential of Intelligent Retail Motivating Customer Action and Driving Business Growth with AI-Generated, Personalized Digital Marketing The Future of AI in Retail: What Technology Could Make Possible by 2030 All Coresight Research coverage of emerging technology and generative AI 3. New Growth Opportunities Diversification beyond traditional offerings will unlock new revenue streams. Increased focus among stakeholders on sustainability, as well as trends in health-conscious consumption, meal kits and gourmet selections, present opportunities for brands and retailers. Grocery brands and retailers are responding to evolving consumer preferences and lifestyles by changing how they stock and market their products, with many businesses offering new health and wellness products across the edible and non-edible subcategories or implementing clear labeling that highlights a product’s nutritional ingredients or sourcing journey, making it easier for consumers to make informed buying decisions. Below, we present notable sessions relevant to this theme. Time Session Track Speakers/Panelists Tuesday, September 19 11.00 a.m.–11.20 a.m. The Joys and Challenges of Scaling Mission-Driven Brands Keynote (Oceanside Ballroom) Seth Goldman, Co-Founder and CEO, Eat the Change Joe Laszlo, VP Content, Groceryshop (Interviewer) 3.15 p.m.–3.55 p.m. New Industry Research: Consolidation, Inflation and Other Trends Shaping Grocery 2. Thriving in a New Grocery Environment Scott Moses, Partner & Head of Grocery, Pharmacy & Restaurants Investment Banking, Solomon Partners Karen Short, Managing Director, Credit Suisse Lorelei Bergin, VP, North American Retail, NielsenIQ HG O’Connell, Content Director, Groceryshop (Emcee) 4.55 p.m.–5.35 p.m. Track Keynote: Embracing Innovation During Uncertain Times 2. Thriving in a New Grocery Environment Tim Simmons, Chief Product Officer, Sam’s Club Sarah Engel, President, January Digital (Interviewer) Kristen Riggs, President, Salty Snacks, The Hershey Company Melissa Repko, Retail & Consumer Reporter, CNBC (Interviewer) Wednesday, September 20 4.00 p.m.–4.40 p.m. Sustainability and Purpose-Driven Initiatives Generating Business Value 1. Meeting Ever-Changing Consumer Needs Beatrice Dixon, Founder, CEO & Chief Innovation Officer, The Honey Pot Brandon Vick, VP, North America Fabric Care, P&G Ben Eppler, Partner & Managing Director, Boston Consulting Group (Interviewer) Thursday, September 21 8.45 a.m.–9.25 a.m. Making Grocery Retail a Health and Wellness Destination 2. Unlocking New Growth Opportunities Rhasheda Boyd, VP, Better Choice Snacking Portfolio, Frito-Lay North America Ron Bonacci, VP of Advertising & Marketing, Rouses Markets Irina Pelphrey, VP, Health & Managed Care, Albertsons Companies Gary Hawkins, Founder & CEO, Center for Advancing Retail and Technology (CART) (Interviewer) 12.10 p.m.–12.30 p.m. Unlocking Growth in Grocery: A New Approach Keynote (Oceanside Ballroom) Aaron Wiese, President, Hy-Vee Donna Tweeten, President, Hy-Vee Ben Miller, Director of Original Content, Groceryshop (Interviewer) 9.35 a.m.–10.15 a.m. Winning Product Assortment Strategies 2. Unlocking New Growth Opportunities Chad Petersen, SVP, E-Commerce, Lowes Foods/Alex Lee Retail Jay Owen, Co-Founder & Chairman, Dom’s Kitchen & Market Jennie Perry, Chief Marketing Officer, Grove Collaborative Angus McOuat, Partner, McKinsey & Company (Interviewer) 1.50 p.m.–2.50 p.m. Merchandising Innovations that Drive Category Growth 2. Extended Research and Tactical Insights: Growth Opportunities Brandon Yahn, Co-Founder & Partner, Convivialité Ventures (Pernod Ricard) Jayme Jansky Beck, Head of Field Omni-Shopper Marketing, Unilever Frances Dillard, VP, Brand & Product Marketing, Driscoll’s Elizabeth Harris, Chief Strategy Officer, Arc Worldwide (Presenter & Interviewer) Related Coresight Research reports: Market Navigator: US Grocery Retailing—Exploring Growth, Inflation, Competition, Trends and Strategies US Grocery Retail and Recessions. Learnings from the Past and Recommendations for the Future RetailTech: How Consumers and Grocery Retailers Can Reduce Food Waste from Field to Fridge 4. Win-Win Relationships Amid changing market conditions such as fast-developing e-commerce and discount channels, retailers are under immense pressure to fulfill customer needs, forecast category demand, manage supply chain processes and generate growth. In grocery and adjacent sectors, it has become more important than ever for retailers to adapt quickly to changing consumer behavior and market trends. Retailers can achieve this through effective shopper-centric collaboration with their suppliers, but shared goals and a single version of the truth are key. Grocers and suppliers should also work closely to ensure efficient sourcing, sustainable practices and reduced environmental impact, benefiting both parties and addressing growing consumer concerns about ethics and sustainability. Kroger announced on August 15, 2023, that it is working with 80 Acres Farms, a global vertical farming company to bring fresh, clean produce to more households. 80 Acres Farms grows pesticide-free produce, including salad blends, herbs and tomatoes. Currently, the company operates production farms in Ohio and Kentucky, as well as research facilities in Arkansas and The Netherlands. Kroger brought 80 Acres Farms’ fresh produce to new geographies, including Georgia, Michigan and Tennessee in early 2023, and is continuing into the Mid-Atlantic and Delta regions in the fall. Another important pillar of win-win relationships lies in data sharing. Grocers can introduce and expand services such as fulfillment as a service, B2B (business-to-business) e-commerce and data analytics solutions to assist partners in their marketing and e-commerce endeavors while driving growth for their own businesses. Below, we present notable sessions relevant to this theme. Time Session Track Speakers/Panelists Wednesday, September 20 4.50 p.m.–5.30 p.m. Using Omnichannel Data to Fuel Personalization 4. Fresh Research and Tactical Insights: Marketing Channan Sawhney, Head, Global eCommerce, Kenvue Karin Chu, VP, Data Science & Digital Analytics, Peapod Digital Labs Sam Tomlinson, EVP of Strategy & Analytics, Warschawski (Presenter & Interviewer) Thursday, September 21 1.50 p.m.–2.50 p.m. Leveraging Tech and Data Prowess to Cultivate New B2B Partnerships 2. Extended Research and Tactical Insights: Partnerships Chad Fox, SVP & Chief Marketing Officer, Dollar General Daniel Lundh, Founder, Lifvs/Storekey Stewart Samuel, Director of Retail Futures, IGD (Presenter & Interviewer) 3.00 p.m.–4.00 p.m. Brand Perspectives on Effective Retail Media Strategies 1. Extended Research and Tactical Insights: Marketing Jie Cheng, VP & Global Head, Digital Commerce, Mondelēz International Simon Miles, VP, Global OmniChannel Commercial Strategy, The Coca-Cola Company Andrew Lipsman, Principal Analyst, Insider Intelligence (Presenter & Interviewer) Related Coresight Research reports: How Data Sharing and Collaboration Can Accelerate Decision-Making and Enhance Sustainability Winning with Retailer-Supplier Collaboration in Grocery and Drug Retail 5. Organizational Evolution A culture of adaptability and continuous learning will drive success for grocery retailers: grocers that foster an environment of innovation, empower their workforce and prioritize customer-centricity will be better positioned to navigate industry shifts effectively. We are seeing many businesses restructuring their teams and processes to better share data and insights, unify the organization and equip their workforce with new tools. For example, in March 2023, Kroger announced a more than $770 million incremental investment in its associates during 2023. The company will use this investment to raise average hourly rates, improve healthcare options, and build new training and development opportunities. Below, we present notable sessions relevant to this theme. Time Session Track Speakers/Panelists Tuesday, September 19 4.05 p.m.–4.45 p.m. Winning Organizational and Team Structures for Unified Commerce 1. Creating Outstanding Shopping Experiences Ajay Sharma, VP, E-Commerce & OmniChannel, North America, Bayer Consumer Health Damian Scott, EVP, Retail Media & Front-End Digital Development, Giant Eagle Deepak Jose, Global Head of One Demand Data & Analytics Solutions, Mars Wrigley Elizabeth Mayer, Partner, The Partnering Group (Interviewer) Wednesday, September 20 8.45 a.m.–9.25 a.m. Hiring and Upskilling Digital Talent 4. Interactive Q&As. Leadership, Diversity and Talent Luke Anderson, Chief Information Officer, Cub Jennifer Hopper, Chief Information Officer, Save A Lot Sarah Engel, President, January Digital (Interviewer) 9.35 a.m.–10.15 a.m. Track Keynote. Empowering Women and Diverse Leaders 4. Interactive Q&As. Leadership, Diversity and Talent Nathalie Gerschtein, President, Consumer Products Division, North America, L’Oréal Anne Mezzenga, Co-CEO, Omni Talk (Interviewer) Related Coresight Research reports: 2023 Retail and Technology Outlook: Facing into the Headwinds The C-Suite’s Evolution. Embracing Technology and Adapting to Hybrid Working in Retail RetailTech: Collaboration Tools for Retailers—Increasing Workplace Productivity Don’t Miss the Startup Pitch Competition! We strongly urge attendees to join the “Shark Reef” Startup Pitch competition, which will span three sessions on September 19 in Track 3, beginning at 3.15 p.m. and concluding at 5.35 p.m. The event will comprise presentations from and Q&A with early-stage startups whose technologies are addressing challenges in retail. The judges and audience will rate each company, to determine Judges’ Choice and Audience Choice winners. Deborah Weinswig, CEO and Founder of Coresight Research, will emcee the competition, in addition to participating as one of the judging panel. The other judges are: Ashley Hartman, Managing Partner, Bluestein Ventures Matt Nichols, General Partner, Commerce Ventures Carle Stenmark, General Partner, VMG Partners Representatives from the participating innovators that will compete in the Startup Pitch are: Tom Borgers, Founder and CEO, 3mint Tomás Gazmuri, Co-Founder and CEO, AndesML Jason Vego, Co-Founder and CEO, Bevz Sarah Nesheim, Co-Founder, Crafted Khuldoon Bukhari, Co-Founder and CEO, Envelope Euro Wang, Co-Founder and CEO, Guac Yegor Anchyshkin, Co-Founder and CEO, Instock.com Tanvi Surti, Co-Founder and CEO, Luca Julia Cohen, Co-Founder and CEO, Mammoth Frank Pica, Co-Founder and CEO, Native AI Adam Stave, Founder and CEO, Swish Brand Experiences Kathy Silva, Founder and Chief Operating Officer, TAINR Look out for our upcoming preview report on the Startup Pitch competition. What We Think Groceryshop 2023 will present a key opportunity for brands, retailers and technology providers to gain insights into the evolving grocery landscape and how to best position themselves for sustainable growth and success. Implications for Brands/Retailers Brands and retailers should focus on creating a unified, convenient and frictionless shopping journey to meet evolving customer expectations. Brands and retailers can leverage data to improve personalization with the aim of increasing customer engagement and loyalty. Brands and retailers must embrace and implement advanced technologies to modernize their operations. Investment in AI, generative AI and automation can improve efficiency and customer service while lowering operational costs. Brands and retailers should analyze consumer trends and preferences to diversify their product offerings. This could involve introducing health-conscious options, meal kits and gourmet selections. Brands and retailers must cultivate strong relationships with suppliers, focusing on transparency, sustainability and ethical practices throughout the supply chain. A culture of adaptability and continuous learning will drive success. Grocers that foster an environment of innovation, empower their workforce with digital skills, and prioritize customer-centricity will be best positioned to navigate industry shifts effectively. Brands or Retailers Poised To Gain Advantage Brands and retailers such as Kroger and Kellogg’s that successfully integrate their online and offline operations will gain a competitive edge by providing convenience, flexibility and a consistent shopping journey that can enhance customer loyalty and satisfaction. Brands and retailers such as Ahold Delhaize, Nestlé and PepsiCo that are investing in game-changing technologies will enhance their operational agility, resulting in improved customer service and a more profitable bottom line. Grocers that embrace innovative product offerings aligned with changing consumer behavior will attract a broader customer base, boost sales and solidify their position in an evolving market. Some successful examples include Eat the Change, The Hershey Company and Mars. Brands or Retailers That Risk Losing Advantage Customers may find it frustrating to have a different experience in-store and online while shopping from traditional grocers, leading to decreased loyalty and satisfaction. A grocery chain that is not open to new technologies and instead sticks to manual processes and outdated systems may fail. Implications for Technology Vendors We see opportunities for technology vendors that provide solutions for brands and retailers to seamlessly integrate online and offline touchpoints. Vendors can also offer robust data analytics and personalization solutions, helping brands and retailers gather customer insights, deliver tailored experiences and optimize post-purchase interactions. Generative AI promises enormous boosts in capabilities and productivity for retailers, presenting a key opportunity for application and platform providers. Generative AI could help grocers draft product descriptions, find insights in customer data and improve operational efficiency. Notes Groceryshop 2023 agenda details accurate as of September 11, 2023. This document was generated for
Deep DiveFewer Consumers Adjust Shopping Behavior To Cope with Inflation: US Consumer Survey Insights 2023, Week 37 Owen Riley, Analyst September 12, 2023 Reasons to ReadThe Coresight Research weekly US Consumer Survey Insights (formerly US Consumer Tracker) series takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data. This week, we also include our regular, four-weekly check on consumers’ responses to inflation. In this report, we present findings from our survey conducted on September 4, 2023. Data in this research report are our latest proprietary survey findings on: Consumers’ perceptions of and responses to inflation 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 Activities that consumers have done in the past two weeks Avoidance of public places, by type of public place—latest data and four-week PPT changes 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 DiveConsumers Return to Stores Without Slowing Online Shopping: China Consumer Survey Insights Echo Gong, Senior Analyst September 11, 2023 Reasons to ReadThe Coresight Research weekly China Consumer Survey Insights series (formerly 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 August 28, 2023. Data in this research report are: Activities that consumers have done in the past two weeks Avoidance of public places, by type of public place—latest data and one-and four-week PPT changes 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 Survey Insights 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
Analyst CornerWeinswig’s Weekly: Navigating the Challenging US Retail Landscape John Harmon, CFA, Managing Director of Technology Research September 10, 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, we uncovered opportunities in the US retail market (covering both online and offline channels) in our latest Market Navigator report. Each Market Navigator serves as a definitive guide to inform readers’ strategic decision-making and assist them in tapping opportunities and navigating disruption in retail and adjacent industries. So, what is happening in US retail that you need to understand? This week’s note, “From the Desk of Deborah Weinswig,” discusses the challenging state of the current US retail landscape, covering the impacts of inflation, excess inventory, market consolidation and more. Other relevant research: Market Navigator: US Retail and E-Commerce—Uncovering Opportunities in a Changing Landscape US Retail and Consumer Outlook, August 2023 Five Retail Opportunities Amid Economic Uncertainty The Coresight Research US Consumer Tracker Databank provides insight into US consumer behaviors from our weekly surveys. Read previous Weinswig’s Weekly reports, including last week’s, which previews the Labor Day holiday, drawing on proprietary Coresight Research consumer data This document was generated for
Event CoverageGoogle Cloud Next 2023: Opening Keynote—Generative AI in the Spotlight Royce Baretto, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research September 8, 2023 Reasons to ReadOn August 29–31, 2023, Google hosted its annual Google Cloud Next event in San Francisco, US. We present key insights from the opening keynote of the event, which focused on new, AI (artificial intelligence)-related product developments—including for machine-learning platform Vertex AI and generative AI Workspace tool Duet AI—as well as cybersecurity features. Other relevant research: Generative AI Latest: Nvidia at SIGGRAPH, the Rise of Google Cloud, US Consumer Concern on the Future Impacts of AI RetailTech: Cloud Computing—Amazon vs. Google vs. Microsoft All our coverage of emerging technology and generative AI Insights from last year’s event: Google Cloud Next ’22 Conference Keynote: Toppling the Tower of Babel with the Translation Hub More event coverage reports from Coresight Research 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 2023, Week 36: Wilko Drives UK Store Closures Past 1,000 Aaron Mark Dsouza, Data Analyst September 8, 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: Dollar General, Wilko 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 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
Insight ReportBEST at Retail: Experiences—Consumer Centricity Boosts Engagement Marie Driscoll, CFA, Managing Director of Beauty and Luxury September 7, 2023 Reasons to ReadIn our BEST at Retail series, Coresight Research examines how brands employ the elements of the BEST framework in their online and offline stores. Coresight Research relaunched our proprietary BEST framework in 2022, helping retailers rethink their approach to retail via brand building, experiences, service and technology integration with a consumer-centric approach to online and in-store retail. In this report, we offer strategies that companies can adopt to create engaging in-store experiences. We also examine how three iconic retailers—Adidas, Five Below and Nordstrom—maximize experiential shopping in their stores, offering insights from store visits completed in July 2023. Data in this report include: Proprietary survey data on what in-store experience US consumers want, overall and broken down by age group Companies mentioned in this report include: Adidas, Bloomingdale’s, Express, Five Below, Nordstrom, Samaritaine, Trader Joe’s Other relevant research: BEST Framework—A New Era in Retail Excellence BEST at Retail: Brand Building—Storytelling Drives In-Person Store Visits Analyzing the US Home and Home-Improvement Sector Through the Lens of the BEST Framework Our coverage of 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 TrackerUS Store Tracker Extra, August 2023: Retailers To Open 78 Million Square Feet of New Retail Space This Year Aaron Mark Dsouza, Data Analyst September 6, 2023 Reasons to ReadThe US will see 78 million square feet of new retail space open in 2023, with Dollar General contributing an estimated 10.8 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 September 1, 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: Bed Bath & Beyond, Burlington Stores, CVS Health, Dollar General, Dollar Tree, Tuesday Morning 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
Deep DiveInnovator Matrix: Web3 for Retail Primel Konok, Analyst Sector Lead: Steven Winnick, Vice President—Innovator Services September 6, 2023 Reasons to ReadThe Coresight Research Innovator Matrix series uncovers the top technology companies across key segments, helping retailers find technology partners, and investors discover promising retail-technology startups poised for growth. In this report, we discuss the US Web3 landscape and opportunity, and identify the next generation of retail innovators in the space. Web3 enables brands and retailers to sell products to consumers through tokenized digital assets in a secure, decentralized environment. We analyze, evaluate and score the top 10 companies based on their relative performance on a two-factor evaluation scale: level of innovation and market potential. We categorize the companies into three areas of innovation: Infrastructure and development Payments and transactions Security and compliance Companies mentioned in this report are: Alchemy Insights, Ava Labs, CertiK, Chainalysis, ConsenSys, Cultos, Fireblocks, MoonPay, Mysten Labs, Tezos Other relevant research: Retail-Tech Landscape: Web3 for Retail Supply Chain Optimization with Web3: Unlocking the Potential of Intelligent Retail More Innovator Research from Coresight Research, including previous reports in the Innovator Matrix series 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 DiveAugust 2023 US Housing Market Indicators: Mortgage Rate Increases to Highest in Over 21 Years Prerana P Kotian, Data Analyst September 6, 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 July 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
Deep DiveMall Visits Slump as Fall Nears: US Consumer Survey Insights 2023, Week 36 Owen Riley, Analyst September 5, 2023 Reasons to ReadThe Coresight Research weekly US Consumer Survey Insights (formerly US Consumer Tracker) series 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 August 28, 2023. Data in this research report are our latest proprietary survey findings on: 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 Activities that consumers have done in the past two weeks Avoidance of public places, by type of public place—latest data and four-week PPT changes 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
Insight ReportEarnings Insights 2Q23, Week 6: Five Below and Lululemon Report Solid Results; Academy Sports, Big Lots and Signet Jewelers See Sales Decline Aditya Kaushik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research September 5, 2023 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 second-quarter 2023 earnings. This week, there are highlights from companies that reported in the week ended September 3, 2023, across four sectors: apparel and footwear, discount stores, jewelry retailers 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: Academy Sports and Outdoors, Big Lots, Dollar General, Five Below, Lululemon Athletica, PVH, Signet Jewelers Other relevant research: Earnings Insights 2Q23, Week 5: Burlington, Dollar Tree, Petco and Ulta Beauty Report Strong Results; Foot Locker, Gap, Kohl’s, Macy’s and Nordstrom See Sales Decline Earnings Insights 2Q23, Week 4: JD.com, Ross Stores, TJX and Walmart Report Strong Results; Home Depot and Target See Sales Decline Earnings Insights 2Q23, Week 3: Alibaba Reports Double-Digit Growth; Capri Holdings, Hanesbrands, Qurate Retail and Under Armour See Sales Decline Earnings Insights 2Q23, Week 2: Columbia Sportswear, Clorox, Floor & Decor and Sprouts Farmers Market Post Solid Results; Amazon Sees Online Sales Improve 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 OutlookMarket Navigator: US Retail and E-Commerce—Uncovering Opportunities in a Changing Landscape Anand Kumar, Associate Director of Research September 5, 2023 Reasons to ReadEach Market Navigator report offers an in-depth, data-rich view of a retail, consumer or technology sector and is packed with data on sectors, segments, companies and consumers. Our analysts discuss at greater length the sector themes they are observing and the insights they are forming on their markets. We intend these definitive guides to serve as points of reference to those in the retail ecosystem, guiding readers’ strategic decision-making and assisting them in tapping opportunities and navigating disruption in retail and adjacent industries. In this Market Navigator report, Coresight Research explores the US retail and e-commerce market in the post-pandemic retail environment. We provide the size and trajectory of the US retail and e-commerce market for 2023 and beyond, as well as critical factors impacting market growth. We also discuss e-commerce penetration, distribution channels, the competitive landscape, key themes and innovators, and blue-sky thinking for the market. Data in this research report include: US retail and e-commerce market size and year-over-year growth rates for 2018–2027E Total US retail market sales by channel (online and offline) and sector for 2018–2027E Total US online retail sales and year-over-year growth rates for 2018–2027E Leading retailers in the US ranked by revenue, e-commerce revenue and total global operating margins for 2018–2022 Proprietary survey data on where consumers shop for food and nonfood products Companies mentioned in this report include: Albertsons Companies, Apple, Amazon, Costco Wholesale, CVS Health Corporation, Home Depot, Kroger, Lowe’s Companies, Target Corporation, Walgreens Boots Alliance, Walmart Other relevant research: Market Outlook: US and China E-Commerce—Growth To Slow Post Pandemic Five Retail Opportunities Amid Economic Uncertainty US Retail and Consumer Outlook, August 2023 Global Economic Outlook Looking More Positive: What’s New More Coresight Research coverage of e-commerce giants such as Alibaba, Amazon and JD.com, as well as the global e-commerce market More reports in the Coresight Research Market Navigator (and Market Outlook) series 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
