InfographicUS Social Commerce Survey 2023—Infographic: Video-Centric Platforms and Influencers Offer Opportunities for Brands Charlotte Rothschild, Analyst June 15, 2023 Reasons to ReadHow are US consumers shopping on social media? This infographic presents highlights from our latest annual social commerce survey, analyzing how shoppers engage with social media platforms and the trends shaping the future of social commerce. We provide valuable insights for brands and retailers to gain a competitive edge in developing and enhancing their social commerce strategies. In this infographic, we focus on opportunities in three areas: Video-based platforms Influencers Trust Data in this infographic, based on proprietary survey findings, include: Use of social media in the shopping process—platforms used, reasons for shopping on social media, and more Tapping the power of influencers/celebrities—reasons for following influencers and the impact of influencers on shopping behaviors Companies mentioned in this report include: Facebook, Instagram, TikTok, Twitter, YouTube Other relevant research: Read the full report for our complete survey analysis of consumer trends across product categories, social media platforms and consumer demographics. All Coresight Research coverage of digital 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
Deep DiveUS Social Commerce Survey 2023: Video-Centric Platforms and Influencers Offer Opportunities for Brands Charlotte Rothschild, Analyst Sector Lead: Philip Moore, Global Head of Data and Managing Director of Market Research June 15, 2023 Reasons to ReadHow popular is social commerce in the US, and how are consumers shopping on social media? Our latest annual social commerce survey analyzes consumer trends across product categories, social media platforms and consumer demographics. We provide valuable insights for brands and retailers to gain a competitive edge in developing and enhancing their social commerce strategies. Data in this research report, based on proprietary survey findings, include: Use of social media in the shopping process—social platforms used, purchase frequency, reasons for shopping on social media, prevalence of and reasoning behind abandoning purchases, and more Tapping the power of influencers/celebrities—types of influencers that consumers follow, their reasons for doing so, and the impact of influencers on shopping behaviors Companies mentioned in this report include: Facebook, Instagram, TikTok, Twitter, YouTube Other relevant research: View highlights from this report in our corresponding infographic. All Coresight Research coverage of digital 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
Deep DiveExploring International Home and Home-Improvement Sector Retailing in the UAE Royce Baretto, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research June 15, 2023 Reasons to ReadWe discuss international home and home-improvement retailers operating in the United Arab Emirates (UAE), drawing on data from Statista and the UN and the Coresight Research team’s interviews with retail executives and customers in the UAE. Data in this research report Include: UAE home and home-improvement market size and year-over-year growth, 2018–2027E UAE population size, population density and age demographics Coresight Research interviews with retail executives and customers in the UAE Companies mentioned in this research report are: Ace Hardware, Ashley Furniture HomeStore, IKEA, La-Z-Boy and Williams-Sonoma Other relevant research: E-Commerce Outlook: US Home-Improvement Market—Retailers Expand Their Online Offerings Home and Home-Improvement Retail: Key Factors Influencing US Shoppers How the US Home and Home-Improvement Market Can Target Millennials 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 ReportFive Things To Know About Generative AI in China Terence Ng, Senior Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research June 14, 2023 Reasons to ReadChina is racing against the US to become a prominent global leader in AI (artificial intelligence), with Chinese tech giants launching their own generative AI chatbots to compete with OpenAI’s ChatGPT. We present five things brands and retailers should know about China’s generative AI market, covering the latest technology developments, details of major chatbots and the business benefits and risks of generative AI. Data in this report include: New, proprietary estimates and projections for global generative AI software revenues, 2022–2027E Timeline of generative AI chatbot launches in China Companies mentioned in this report include: Alibaba, Baidu, JD.com, OpenAI, SenseTime Other relevant research: ChatGPT and Generative AI: Five Things Retailers Should Know Building Blocks of the Metaverse: Artificial Intelligence (AI) All Coresight Research coverage of emerging technology and China retail Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Event CoverageManhattan Momentum 2023 Conference: Manhattan Associates Adds RFID, Touts Cloud-Native Architecture, Generative AI Potential and Google Shopping Integration John Harmon, CFA, Managing Director of Technology Research June 14, 2023 Reasons to ReadThe Coresight Research team attended the Manhattan Momentum 2023 conference in Phoenix, Arizona, during May 22–25, hosted by software solutions provider Manhattan Associates. Catch up on the highlights from the event with our report, which covers developments from Manhattan Associates on RFID (radio-frequency identification), new software architecture, generative AI, Google integration and more. Other relevant research: RetailTech: Leading-Edge Loss Prevention—Tackling Theft and Fraud Through RFID, Video Surveillance and More ChatGPT and Generative AI: Five Things Retailers Should Know—Update More research reports on emerging technology All Coresight Research event coverage reports Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Deep DiveUS Watch Market: Traditional Watches Cede Share to Smartwatches, While Luxury Offerings Continue To Grow Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research June 14, 2023 Reasons to ReadWith professionals’ return to the office, consumers’ growing emphasis on active lifestyles and technological advancements driving watch purchases in the US, we examine the size and trajectory of the US watch market, examining both the smartwatch and traditional watch categories in detail. Additionally, we cover major factors impacting the market, the competitive landscapes and themes we are watching in the space in 2023 and beyond. Data in this research report include: US consumer spending on watches for 2018–2027E Year-over-year sales growth, both overall and by category, for the US watch market for 2018–2027E Year-over-year changes in the consumer price index of watches for April 2022–April 2023 Proprietary survey data on dollar amount spent per watch bought, watch brands shopped, important watch features and more Number of high-net-worth individuals by country Companies mentioned in this report include: Casio, Kering, LVMH, Richemont, Rolex, Tapestry and Timex Other relevant research: Market Navigator: US Apparel and Footwear Retailing—After the Bounce, What’s Next? Market Outlook: US Luxury Set for Solid Growth Why Now for YNAP? Farfetch’s Acquisition of YOOX Net-A-Porter Group Empowers Richemont To Focus on Jewelry and Watches 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 ReportThe Metaverse Is Not Dead: Defying the Rumors of Its Demise Terence Ng, Senior Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research June 13, 2023 Reasons to ReadWith recent attention shifting to generative AI (artificial intelligence) and the emergence of the “crypto winter,” are we seeing the demise of the metaverse? We explore recent metaverse-related developments—both positive and unfavorable—that paint a picture of the current state and long-term potential of the metaverse. We lay out what brands, retailers and solution providers need to know to drive success in the virtual world. Data in this report include: Proprietary survey data: how US consumers are using the metaverse Coresight Research estimates for the size and growth of global retail sales in the metaverse and virtual stores, 2022–2030E Companies mentioned in this report include: Apple, Coca-Cola, Deemos Technologies, Disney, Meta, Microsoft, Nestlé Cereals, Shiseido Other relevant research: US Metaverse Fashion Market: Rapid Growth Ahead, Six Challenges To Watch More research reports on the metaverse ChatGPT and Generative AI: Five Things Retailers Should Know—Update 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 DiveUS Metaverse Fashion Market: Rapid Growth Ahead Despite Six Key Challenges Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research June 13, 2023 Reasons to ReadThe US metaverse fashion market is set for huge growth from 2023, but what challenges do brands and retailers need to tackle to see success? This research report explores the state of the market and provides retail companies with essential insights into the positive and negative impacts on profitability of operating in the metaverse. We dive into the market’s size and trajectory, growth drivers, leading players, recent developments and key challenges. We also analyze proprietary survey data to assess US consumer awareness of, and engagement in, metaverse fashion. Data in this research report include: US metaverse fashion market size, 2022–2027E Proprietary Coresight Research survey data—US consumers’ awareness of metaverse fashion, categories and brands shopped, and amount shoppers would be willing to spend on a metaverse fashion item NFT revenue of top five fashion companies in the space Companies mentioned in this report include: Adidas, Alo Yoga, Bloomingdale’s, Coach, Dolce & Gabbana, Gucci, Levi’s, NIKE, Ralph Lauren, Tiffany & Co. Other relevant research: The Metaverse Is Not Dead: Defying the Rumors of Its Demise Metaverse Pioneers: Learnings for Fashion Brands from the Web 3.0 Strategies of Adidas and NIKE Metaverse Fashion Set To Boom, As Consumers Are Keen To Show Their Digital Styles and Identities More research reports on apparel and footwear retail and the metaverse Visit the Coresight Research Fashion and Luxury 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
Deep DiveTarget’s Gains, Consumer Activities and Mapping Amazon Shoppers: US Consumer Tracker 2023, Week 24 Owen Riley, Analyst June 13, 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 June 5, 2023. Data in this research report are our latest proprietary survey findings and four-week changes for: 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 Amazon’s food and nonfood retail penetration, by state Avoidance of public places, by type of public place Activities that consumers have done in the past two weeks 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 Tracker and US Consumer Tracker Extra 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
Event PresentationDiving into the Diverse Underserved US Beauty Market: Insights Presented at the Inside Beauty Forum Marie Driscoll, CFA, Managing Director of Beauty and Luxury June 12, 2023 Reasons to ReadIn today’s evolving beauty industry, businesses must stay ahead of the curve and tap into emerging market segments. There is immense potential to capitalize on the current inclusivity zeitgeist and cater to previously underserved consumers. On June 7, 2023, Coresight Research presented at the first annual Inside Beauty Forum, hosted by Drug Store News, on inclusivity in beauty. In this presentation, we delve into five under-explored market segments: ethnic and multi-ethnic, Gen Z, women aged 50+, male beauty and adaptive beauty. Data in this presentation include: US beauty retail market size and growth, 2017–2027E Trends in the US population (age, race) Coresight Research proprietary survey data on US beauty shoppers’ recent spending and shopping habits and preferences Companies mentioned in this presentation include: Apple, Lululemon, Nordstrom, Target, Walgreens Other relevant research: Diving into the Diverse, Underserved Segments of the US Beauty Market More research reports on inclusivity in retail All Coresight Research coverage of beauty retail Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight ReportChina’s 6.18 Shopping Festival 2023: Three Trends To Watch, Discounting To Entice Cautious Consumers Charlotte Rothschild, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research June 12, 2023 Reasons to ReadThe 6.18 shopping festival is the second largest annual online shopping festival in China. With sales periods for the event now well under way on major e-commerce platforms, we consider the challenges for e-commerce players this year and present our expectations for the event. We also look at early performance data and discuss key trends to watch, from discounting to the popularity of domestic brands. Data in this report include: Estimated GMV generated by e-commerce platforms during the 6.18 shopping festival 2022 Key dates and discounts for the 2023 festival across selected major e-commerce platforms Early performance data, with a focus on the luxury sector Discounting campaigns by selected e-commerce platforms Companies mentioned in this report include: Alibaba (Taobao/Tmall), Douyin, JD.com, Kuaishou Other relevant research: Coresight Research insights from the 6.18 shopping festival 2022 April 2023 China Retail Sales: Total Sales Accelerate Further as Most Sectors Continue To See Strong Growth Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar 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
Deep DiveRetailTech: Retail’s Green Revolution—Five Technologies Driving Sustainability Primel Konok, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research June 12, 2023 Reasons to ReadWith emphasis on sustainability in retail increasing, which technologies can retailers use to meet their environmental goals through the supply chain and gain a competitive edge? We explore five sustainability-enhancing technologies through the lens of the Coresight Research EnCORE framework, including environmental impact management platforms, clean-energy delivery vehicles and blockchain. This report is part of our ongoing RetailTech report series, which provides continued coverage of major technologies in retail. Companies mentioned in this research report include: Canoo, Google Cloud, IBM, IN BOLD PRINT., Microsoft, Nuro, SmarterX Other relevant research: The Coresight Research EnCORE framework for sustainability in retail The Secret to Unlocking a Sustainable Retail Future Through Blockchain Insights Video: Earth Day 2023—Sustainability in Retail More research reports on sustainability in retail Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Deep DiveAvoidance Stabilizes: China Consumer Tracker Echo Gong, Senior Analyst June 12, 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 May 29, 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: China’s 6.18 Shopping Festival 2023: Three Trends To Watch, Discounting To Entice Cautious Consumers Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar Retail 2023: 10 Trends in China E-Commerce Read the full series of China Consumer Tracker reports Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Analyst CornerWeinswig’s Weekly: Deploying Tech for Leading-Edge Loss Prevention in Retail John Harmon, CFA, Managing Director of Technology Research June 11, 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 the need for, and availability of, loss-prevention technologies in retail. Other relevant research: Our full report on the topic, sponsored by Sensormatic: RetailTech: Leading-Edge Loss Prevention—Tackling Theft and Fraud Through RFID, Video Surveillance and More. Retail-Tech Landscape: Loss Prevention Read last week’s Weinswig’s Weekly, which discusses learnings for retail from the Coresight Research BEST framework. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2023, Week 23: US Closures Up 61% Aaron Mark Dsouza, Data Analyst June 9, 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 and Poundland Other relevant research: Weekly US and UK Store Openings and Closures Tracker 2023, Week 22: B&M Drives UK Openings 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
