Insight ReportGlobal Economic Outlook Looking More Positive: What’s New John Mercer, Head of Global Research and Managing Director of Retail Research February 14, 2023 Reasons to ReadIn recent weeks, conversations, forecasts and data around global economic growth have generally turned more positive. We discuss recent economic metrics, projections and discussions, with a focus on the US, China and the UK. Data in this report are: Projections for economic growth in 2023 for the US, China and the UK Other relevant research: Data Dive: How US Consumers Spent in 2022—and Why Services Are Yet To Fully Bounce Back The Coresight Research monthly reports 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 DiveUS Consumer Tracker: Inflation Awareness Reaches Record High Owen Riley, Analyst February 14, 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 February 6, 2023. Data in this 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 Avoidance of public places, by type of public place Activities that consumers have done in the past two weeks What products consumers have bought in-store and online in the last two weeks Companies mentioned in this report include: Aldi, Amazon, Albertsons, Ahold Delhaize, Costco, Dollar General, Dollar Tree/Family Dollar, Kohl’s, Kroger, Macy’s, Target, Walmart Other relevant research: Read the full series of US Consumer Tracker reports 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 3: CVS and L’Oréal Report Strong Sales Momentum; Capri, Coty and VF Corp See Declines Aditya Kaushik, Analyst February 14, 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 12, 2023, across four sectors: apparel and footwear, beauty, drugstores and luxury. 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: Capri Holdings, Coty, CVS Health, L’Oréal and Ralph Lauren Other relevant research: 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
Free Data GraphicThree Things You Need To Know: Inclusivity in Retail—Opportunities for 2023 Coresight Research February 13, 2023 Our Three Things You Need To Know series provides free snapshots of Coresight Research data and findings. This graphic presents selected opportunities for brands and retailers to expand their inclusive offerings. Subscribers can access the full research behind this graphic here. To find out how to subscribe, click here. Click the image below to read the full report, which discusses major inclusivity themes, developments in 2022 and our view of the retail impact for 2023. This document was generated for
Insight ReportChinese New Year 2023 Review: Early Signs of Consumption Recovery Appear Charlotte Rothschild, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research February 13, 2023 Reasons to ReadIn this report, we review retail performance during the 2023 Chinese New Year holiday, also known as Lunar New Year, which lasted from January 22 to January 29. Data in this report include: Chinese New Year domestic tourism revenue for 2018 through 2023 Total retail sales in China during Chinese New Year, 2011 through 2023 Total number of tourist trips taken during Chinese New Year 2023 Average daily sales during Chinese New Year 2023 in the province of Hainan Categories and sectors which saw the highest year-over-year sales increases during this year’s Lunar New Year holiday, per Alibaba and JD.com Companies mentioned in this report are: Alibaba, JD.com, Taobao and Tmall International Other relevant research: Chinese New Year 2023 Preview: Travel Boost Expected as Government Lifts Zero-Covid Policy Chinese New Year 2022 Review: Increased Travel and Winter Olympics Boost Retail Sales—But Underlying Weak Trajectory Likely Unchanged Retail 2023: 10 Trends in China E-Commerce Key Festivals and Holidays for Promotional Campaigns in China 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
Analyst CornerWeinswig’s Weekly: Roblox and Fortnite Set the Stage for the Developing Metaverse John Mercer, Head of Global Research and Managing Director of Retail Research February 12, 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) discusses how fashion brands and retailers can launch in the metaverse of today through established pre-Web 3.0 platforms Roblox and Fortnite. Companies mentioned in this report include: Adidas, Alo Yoga, Beyond Creative, Forever 21, Fortnite, Givenchy, Ralph Lauren, Roblox, Timberland Other relevant research: Metaverse Pioneers: Learnings for Fashion Brands from the Web 3.0 Strategies of Adidas and NIKE Metaverse Fashion: Inclusivity and Realism in Avatar Wearables, plus Survey Findings from Roblox Metaverse Fashion Set To Boom, As Consumers Are Keen To Show Their Digital Styles and Identities All Coresight Research coverage of the metaverse Read last week’s Weinswig’s Weekly, which discusses Temu, the Chinese cross-border e-commerce platform that is gaining popularity among US consumers for its low prices and free shipping. This document was generated for
Insight ReportShein in Fast Fashion—Update: Establishing Dominance Through New Strategies and Business Expansion Plans Anand Kumar, Associate Director of Research February 10, 2023 Reasons to ReadShein gained ground as a leading player in the fast-fashion market in 2022, and we believe that the company is well positioned to expand in 2023. We present a company overview and explore Shein’s strategies and business expansion plans, covering incubating new brands, testing an e-commerce marketplace model, opening new distribution centers and extensively growing the Shein X incubator program. We also discuss Shein’s new funding and US IPO plans, ESG (sustainability) initiatives, physical store launches and other recent developments. Data in this report include: Proprietary US consumer survey data—retailers from which US apparel shoppers have purchasing clothing or apparel accessories in the past three months Express order delivery times—ASOS, Boohoo and Shein Companies mentioned in this report include: ASOS, Boohoo, Inditex (Zara), SHEGLAM, Shein Other relevant research: This report is an update to our previous Shein in US Fast Fashion report Global Fast Fashion: Market Poised for Strong Growth, but Sustainability Challenges Remain All Coresight Research coverage of the specialty apparel 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
Deep DiveJanuary 2023 US Housing Market Indicators: Total Home Sales Fall Sharply Royce Baretto, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research February 10, 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 data from December 2022 (the latest data available as of the end of January 2023). Data in this report include: US housing permits, starts and completions, December 2021–December 2022 US existing home sales, December 2021–December 2022 US Pending Home Sales Index, overall and by region, December 2021–December 2022 US new home sales and year-over-year change, December 2021–December 2022 US Housing Affordability Index, November 2021–November 2022 Other relevant research: The previous US Housing Market Indicators report Market Outlook: US Home-Improvement Retailing—Personalization and the Resurrection of In-Store Retail How the US Home and Home-Improvement Market Can Target Millennials Read our complete coverage of the home and home-improvement sector. View our full collection of monthly reportsthat 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
Event PresentationHow To Enhance the Customer Experience with Next-Generation Product Information Management and AI Coresight Research February 10, 2023 Reasons to ReadOn February 9, 2023, Coresight Research hosted a webinar with Digital Wave Technology to explore the importance of effective product information management (PIM) and product experience management (PXM) in enhancing the customer experience. Deborah Weinswig, CEO and Founder of Coresight Research, and Lori Schafer, CEO of Digital Wave Technology, offered key insights on the following: Why is PIM/PXM a must-have in today’s modern retail landscape? How does a modern AI platform help accelerate speed to market, leveraging tools, automation and smarts to do the heavy lifting? How does layering on artificial intelligence (AI) optimize and elevate product experiences to a whole new level for customers? Don’t miss out! Read our full presentation below, and click here to watch the webinar replay! Other relevant research: Next-Generation Product Information Management: From Spreadsheets to AI, a free report from Coresight Research and Digital Wave Technology Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2023, Week 6: UK Closures Up 65% Aaron Mark Dsouza, Data Analyst February 10, 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, Bed Bath & Beyond, JD Sports, Levi Strauss & Co, Lidl and Skechers USA. Other relevant research: Weekly US and UK Store Openings and Closures Tracker 2023, Week 3: US Closures Down 24% 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
Free Data GraphicCoresight Bites: US Department Stores—Market Outlook Coresight Research February 9, 2023 Coresight Bites provide free snapshots of Coresight Research data and findings. This graphic presents selected insights from our Market Outlook on the US department store sector. Subscribers can access the full research here. To find out how to subscribe, click here. Coresight Research estimates that overall department store sector revenue in 2023 will decrease by 0%–1.0%, year over year, to around $85 billion. We anticipate that from 2022 to 2024, revenue growth will remain between 0% and (1.0)% and will begin to swing into positive territory in 2025; in 2027, we expect that revenues will be approximately 8% below pre-pandemic 2019 revenues. Click the image below to read the full Market Outlook report, which offers our analysts’ definitive view of the US department store sector, including key themes we are watching. This document was generated for
Deep DiveInclusivity in Retail: Trends from 2022, Opportunities for 2023 Erin Schmidt, Senior Analyst February 9, 2023 Reasons to ReadInclusivity—providing equal access for people who might otherwise be excluded or marginalized—is a key trend in retail. We explore progress in 2022 and present our expectations for the development of inclusivity in retail in 2023, across areas such as adaptive, gender-free and extended-size offerings. We discuss recent product launches in retail categories including apparel and footwear, beauty, jewelry, and luxury. Companies mentioned in this report include: Balmain, BloomChic, DeBeers, The Diigitals, L’Oréal, Mielle Organics, Microsoft, Thirteen Lune, Tiffany & Co. Other relevant research: Our Inclusive Beauty series, covering beauty for diverse ages, ethnicities and races, and gender (including male beauty) Think Tank: Adaptive Apparel in the US US Women’s Extended-Size Apparel Market The Evolving Gender-Free Category Inclusivity in Retail: Trends from 2021, Learnings for 2022 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 ReportData Dive: How US Consumers Spent in 2022—and Why Services Are Yet To Fully Bounce Back John Mercer, Head of Global Research and Managing Director of Retail Research February 9, 2023 Reasons to ReadEach report in our Data Dive series offers an essential briefing on topical, need-to-know data. In this report—the first in the new series—we analyze recent data on US consumer spending in 2022, with a focus on discretionary goods versus discretionary services. Data in this report are: Major discretionary categories’ spending split of retail goods versus services, 2000–2023E Selected categories recording 25+% real three-year growth in consumer spending, 2022 US consumer spending across selected major categories (YoY and Yo3Y change, and growth by quarter), 2022 Other relevant research: The Coresight Research weekly US Consumer Tracker takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data. Look out for further reports in our new Data Dive 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
Free Data GraphicCoresight Bites: Which US Consumers Are Most Sensitive to Inflation? Coresight Research February 8, 2023 Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here. Consumer awareness of inflation is widespread, but more acute outside urban areas. Click the image to read more about the topic. This document was generated for
Deep DiveChina Consumer Tracker: Avoidance Drops Ahead of Chinese New Year Echo Gong, Senior Analyst February 8, 2023 Reasons to ReadThe Coresight Research biweekly China Consumer Tracker takes a regular temperature check on Chinese consumers’ behaviors and sentiment, based on exclusive proprietary survey data. In this report, we present findings from our survey conducted on January 20, 2023. Data in this report are: Avoidance of public places, by type of public place—latest data and two-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 since December 2022 Other relevant research: Read the full series of China Consumer Tracker reports China Consumer Tracker Preview: Early Data on Shopper Behavior and Sentiment 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
