Insight ReportUS, UK, EU & China Quarterly Economic Update, 4Q22: Decelerating Indicators Point Toward Economic Slowdown Shivani Mehrotra, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research February 21, 2023 Reasons to ReadThe Coresight Research Quarterly Economic Update discusses macroeconomic indicators—GDP, consumer spending and inflation—from the US, the UK, the EU (European Union) and China. In this report, we look at the fourth quarter of 2022 (4Q22), using the latest data available as of February 15, 2023. Data in this report include: GDP—quarter-over-quarter changes in the US, the UK, France, Germany, the EU and China Consumer spending—quarter-over-quarter changes in US seasonally adjusted personal consumption expenditure, UK real household final consumption expenditure and real final consumption expenditure in France and Germany Inflation—three-month averages for US CPI annual rates, UK CPIH annual rates and annual inflation rates in the EU, France, Germany and China Other relevant research: The previous report in the series: January 2023 Monthly Consumer Update: US, UK and China Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on China, the UK and the US. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Deep DiveInnovator Matrix: Last-Mile Delivery Primel Konok, Analyst Sector Lead: Steven Winnick, Vice President—Innovator Services February 21, 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, the first of the new series, we discuss the US last-mile delivery landscape and opportunity, and identify the next generation of retail innovators in the space. By improving their last-mile delivery capabilities, retailers can offer their customers a superior end-to-end shopping journey that can drive customer loyalty and revenue. 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: Robotics and autonomous vehicles Delivery management platforms Warehousing, micro-fulfillment centers (MFCs) and courier delivery Companies mentioned in this report are: Bringg, Darkstore, Dropoff, FarEye, Locus Robotics, Nuro, Onfleet, Point Pickup, Starship Technologies, Veho Other relevant research: Retail-Tech Landscape: Last-Mile Delivery Solutions Robotics in Retail—Part 1: Autonomous Vehicles and Cobots Optimize the Supply Chain More Innovator Research from Coresight Research Look out for future reports in the new 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
Insight ReportJanuary 2023 UK Retail Sales: Sales Slow Amid Economic Uncertainty Shivani Mehrotra, Analyst February 20, 2023 Reasons to ReadUsing data from the Office for National Statistics, we analyze UK retail sales in January 2023, in total and by sector. Data in this report are: Year-over-year changes in UK total retail sales (excluding automotive fuel) for the past 13 months Year-over-year changes in retail sales by sector, January 2023, December 2022 and November 2022. Year-over-year changes in online retail sales for the past 13 months Other relevant research: Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on China, the UK and the US. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight Report2023 US Tax Tracker #1: IRS Issues $15.7 Billion in Refunds, Up by Almost Two-Thirds Aden Dillon D'Souza, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research February 20, 2023 Reasons to ReadEach year, the IRS (Internal Revenue Service) reports tax return filings and refunds on a weekly basis. This year, the filing deadline is on April 18. In our first US Tax Tracker report of the season, we look at what has happened in the 2023 tax filing season so far, as of February 3, 2023. Data in this report include: Number of returns filed and processed, and total and average refunds returned, as of February 3, 2023 Total annual refunds disbursed, 2015–2023YTD Other relevant research: Tax-filing metrics in the year-ago period: 2022 US Tax Tracker #1: IRS Issues $9.5 Billion in Refunds To Kick Off Filing Season Our wrap-up report on the 2022 filing season 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 DiveMarket Outlook: India E-Commerce—Online Adoption Expands to the Hinterlands Arun Sriram, Analyst Sector Lead: Swarooprani Muralidhar, Director of Research February 20, 2023 Reasons to ReadThe e-commerce sector in India is expanding due to growing digital adoption among lower-tier consumers and government-backed initiatives to make e-commerce more inclusive and accessible. In this Market Outlook, we discuss the size and trajectory of India’s online retail market, market factors, the competitive landscape, innovators and key themes we are watching in 2023 and beyond. Data in this report include: E-commerce market size in India and year-over-year change for 2019 through 2027 (estimated) E-commerce penetration in India for 2019 through 2027 (estimated) Segmentation of e-commerce retail sales in India for 2020 E-commerce market size by city tier in India for 2021 and 2022 Performance of the top e-commerce players in India by revenue and gross merchandise value for fiscal 2020 through fiscal 2022 Companies mentioned in this report include: Amazon, Flipkart, Reliance Industries, Tata Group and Walmart Other relevant research: Retail 2023: 10 Trends in India Retail India Retail Insights: The Open Network for Digital Commerce—Supporting Small Sellers and Curbing Digital Monopolies Key Festivals and Holidays for Promotional Campaigns in India in 2023: Calendar 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 4Q22, Week 4: Crocs Posts Strong Sales Momentum; Herbalife Sees Sales Declines Aditya Kaushik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research February 20, 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 fourth-quarter 2022 earnings. This week, there are highlights from companies that reported in the week ended February 19, 2023, across two sectors: apparel and footwear and consumer packaged goods. 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 are: Crocs and Herbalife Nutrition Other relevant research: Earnings Insights 4Q22, Week 3: CVS and L’Oréal Report Strong Sales Momentum; Capri, Coty and VF Corp See Declines Earnings Insights 4Q22, Week 2: Colgate-Palmolive, Deckers and Skechers Post Strong Results; Amazon’s Online Sales Slow Earnings Insights 4Q22, Week 1: Albertsons and Tractor Supply See Strong Momentum; Procter & Gamble and Levi Post Sales Declines 3Q22 US Earnings Season Wrap-Up: A Mixed Quarter for Retail Amid Inflationary Pressures 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
Analyst CornerWeinswig’s Weekly: Growing Signs of Economic Optimism John Mercer, Head of Global Research and Managing Director of Retail Research February 19, 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” (CEO and Founder of Coresight Research) looks at bright spots in the global economic outlook, with highlights from the US, China and the UK. Other relevant research: Global Economic Outlook Looking More Positive: What’s New January 2023 Leading Indicators of US Retail Sales January 2023 US Retail Sales: Most Sectors See Positive Year-over-Year Sales Growth Read last week’s Weinswig’s Weekly, which discusses how fashion brands and retailers can launch in the metaverse of today through established pre-Web 3.0 platforms Roblox and Fortnite. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2023, Week 7: UK Openings Up 46% Aaron Mark Dsouza, Data Analyst February 17, 2023 Reasons to ReadOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. Data in this 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 report include: Aldi, Amazon, Ashley HomeStore, Conn’s HomePlus, CVS Health, H Mart, Iceland, Lidl, New Balance, Sur La Table, Tapesrty and Under Armour. Other relevant research: Weekly US and UK Store Openings and Closures Tracker 2023, Week 6: UK Closures Up 65% Store Tracker Extra: US and UK Store Openings and Closures 2022 Review and 2023 Outlook The full collection of Weekly US and UK Store Openings and Closures Tracker reports Complementing our weekly report, 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. 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 ReportJanuary 2023 US Retail Sales: Most Sectors See Positive Year-over-Year Sales Growth Daniel Rodden, Analyst Sector Lead: Swarooprani Muralidhar, Director of Research February 16, 2023 Reasons to ReadUsing data from the US Census Bureau, we analyze US retail sales in January 2023, in total and by sector. Data in this report are: Year-over-year changes in US total retail sales (excluding gasoline and automobiles), January 2022–January 2023 Year-over-year changes in retail sales by sector, December 2022 and January 2023 Other relevant research: Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on China, the UK and the US. Complementing our monthly reports, the Coresight Research US Retail Sales Databank brings together retail sales data to help you understand the scale and trajectory of US retail. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Deep DiveCGI and 3D Product Imagery: The Future of Visual Merchandising in E-Commerce Terence Ng, Senior Analyst Sector Lead: Steven Winnick, Vice President—Innovator Services February 16, 2023 Reasons to ReadComputer-generated imagery (CGI), also known as 3D rendering, can provide a competitive advantage for retail companies in producing and managing product visuals for e-commerce. We analyze proprietary survey findings to identify the challenges that brands and retailers face when producing and managing product visuals. We examine AI (artificial intelligence) and CGI as potential solutions for next-generation imagery to help retail companies navigate in a competitive marketplace and realize benefits such as reduced returns and increased speed to market. This free report is sponsored by Nfinite, a visual e-merchandising software-as-a-service (SaaS) platform. Data in this report, based on proprietary survey findings, include: Retail companies’ current and intended use of product visuals for e-commerce Challenges that companies face when managing and producing product visuals Companies’ investment in CGI to produce product visuals, by region and by retail vertical Benefits of investing in CGI Companies’ current investment and plans to invest in AI to automate product visual content on online channels Non-subscribers can access the report by completing the form on this page. The report will arrive in your inbox upon completion of the form. Other relevant research: See Coresight Research and Nfinite’s free infographic on this topic! Previous Coresight Research x Nfinite research, Innovator Intelligence: CGI Provides Benefits for Retail That Traditional Photography Cannot Match More Innovator Research from Coresight Research. In our webinar on March 22, 2023, Coresight Research and Nfinite explored the major challenges that e-commerce merchandisers are facing and how new technologies such as artificial intelligence (AI) and machine learning (ML) can help solve them. Watch the on-demand replay of this event here! Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Event CoverageFashinnovation’s Worldwide Talks 8: Entrepreneurship, Sustainability and Technology To Drive Fashion in 2023 Marie Driscoll, CFA, Managing Director of Beauty and Luxury February 16, 2023 Reasons to ReadA member of the Coresight Research team attended and spoke at Fashinnovation’s Worldwide Talks 8, a day-long, invitation-only event held in New York City on February 7. We present key themes and ideas presented during the event. Companies mentioned in this report are: Birimian Ventures, Fashinnovation, The ID Factory, Lectra, Perfect Corp, WAYE and WGSN Other relevant research: More Coresight Research coverage of the apparel and footwear sector Our reports on emerging technology in retail Further insights into 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
Insight ReportRevisiting Dubai Retail: New Developments Paint a Promising Scene in Dubai and the Persian Gulf Region Charlotte Rothschild, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research February 16, 2023 Reasons to ReadFollowing a recent visit to the Emirate of Dubai by a member of the Coresight Research team, we assess changing conditions which will likely positively contribute to retail growth in the region in the coming years. Data in this report are: Estimated retail sales for the Gulf Cooperation Council (GCC) for 2022 and 2026 CAGR of tourist arrivals in GCC member states for 2021 through 2026 (estimated) Estimated duty-free sales at select GCC airports for 2022 Total airport flight capacity at Dubai International Airport for January and February 2023 Attendance data from the Dubai Expo 2022 Other relevant research: Market Outlook: Emerging Markets—Localization To Boost Luxury Retailing Travel Retail and Beauty: Conversion Rates of Dreams 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
Free Data GraphicCoresight Bites: How US Consumers Spent in 2022—Pandemic-Fueled Imbalance Is Yet To Be Corrected Coresight Research February 15, 2023 Coresight Bites provide free snapshots of Coresight Research data and findings. This graphic presents selected insights from our Data Dive on US consumer spending in 2022. Subscribers can access the full research here. To find out how to subscribe, click here. The Covid-19 pandemic interrupted the multiyear shift in consumer spending away from discretionary retail categories and toward discretionary services. Exceptional three-year growth in spending on durable goods in 2022, versus low-single-digit growth in spending on services, implies potential for a future meaningful rebalancing of consumer discretionary spending toward services. Click the image below to read the full Data Dive report, which analyzes recent data on US consumer spending in 2022, with a focus on discretionary goods versus discretionary services. This document was generated for
Deep DiveRetail Challenges Drive Edge Technology Investment John Harmon, CFA, Managing Director of Technology Research February 15, 2023 Reasons to ReadRetailers must find ways to grow revenues, manage costs and improve efficiency despite facing brisk headwinds in 2023. We leverage proprietary survey findings to explore the perceived impacts of various business components on US retailers’ revenues and assess retailers’ current and planned investment levels in in-store technology. This free report is sponsored by VMware, an industry leader in multi-cloud services and infrastructure. Proprietary data in this report include: US retailer spending on information technology in 2021 US retailers’ plans for technology investments over the next three years, compared to now Retail technologies that retailers are currently using or planning to use The potential revenue impact of five major business components, including operational efficiency and customer engagement Other relevant research: Coresight Research coverage of retail technology More Innovator Research from Coresight Research. Non-subscribers can access the report by completing the form on this page. The report will arrive in your inbox upon completion of the form. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Deep DiveMarket Outlook: UK Apparel and Footwear Retailing—Market Softens, Industry Players Seek To Improve Margins Sunny Zheng, Analyst February 14, 2023 Reasons to ReadWe discuss the growth trajectory of the apparel and footwear market in the UK amid the country’s sluggish economic conditions and inflationary pressures. We also explore how industry players are adjusting cost structures, changing supply chain strategies and looking for M&A (mergers and acquisitions) to stay competitive. Data in this report include: Apparel and footwear spending in the UK for 2018 through 2027 (estimated) Year-over-year change of apparel and footwear consumer spending in the UK for 2018 through 2027 (estimated) UK apparel sales by category for 2017 through 2026 (estimated) Year-over-year change of the Apparel and Footwear consumer price index in the UK for 2022 E-commerce share of total fashion sales in the UK for 2017 through 2027 (estimated) Companies mentioned in this report include: ASOS, Boohoo, Frasers Group, JD Sports Fashion and Marks & Spencer Other relevant research: Head-to-Head in UK Apparel Retailing: Marks & Spencer vs. Next Market Outlook: Apparel Specialty Retail in the US, the UK and China Market Outlook: UK Department Stores—Slimmed Down and Shaping Up Complete Coresight Research coverage of the apparel and footwear sector 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
