Insight ReportChina Consumer Tracker Preview: Early Data on Shopper Behavior and Sentiment Coresight Research December 21, 2022 Reasons to ReadWe introduce our new China Consumer Tracker series, which will regularly take a temperature check on Chinese consumers’ behaviors, attitudes and sentiment. In 2023, our China Consumer Tracker will be a regular series based on exclusive Coresight Research survey data. In this report, we present findings from our survey conducted on December 13, 2022, exploring sentiment and shopping behavior among Chinese consumers. We also outline selected Covid-19 policy changes in China in December 2022. Data in this report are: Avoidance of public places Consumer sentiment Expectations for discretionary retail and services spending in the next two weeks Other relevant research: 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
Event CoverageCES 2023: A First Look at the Show, Keynotes and Sessions Coresight Research December 21, 2022 Reasons to ReadThe Coresight Research team will attend CES (formerly the Consumer Electronics Show), hosted by the Consumer Technology Association (CTA) in Las Vegas in January 2023. We present an early look at the show’s Media Days, keynotes and sessions. Companies mentioned in this report include: Instacart, John Deere, Netflix, Stellantis, UnitedHealthcare Other relevant research: CES 2023 Preview: Metaverse To Be Pervasive in Las Vegas in January Insights from last year’s CES event Coresight Research coverage of the metaverse Executive SummaryCoresight Research Insights Press conferences from major global tech companies and keynote addresses from a wide spectrum of industries will indicate expectations for the major direction of technology in 2023. Coresight Research will attend conference sessions and meet with a variety of innovators from around the world, as well as touring the innovator exhibits, to offer insights into emerging technologies and trends for the future. Three product showcases will offer hands-on experience of new products and an opportunity to meet with inventors and tech company executives. What We Think The metaverse and its building blocks will likely be the shiniest addition to CES, with an area devoted to Web 3.0 and the metaverse in the Central Hall of the Las Vegas Convention Center. In addition, we expect to see an increased focus on all kinds of autonomous vehicles (air, land and sea), as well as a diversified focus on other industries such as retail and healthcare, as tech is starting to permeate practically every other industry. Introduction The Coresight Research team will attend CES 2023 (formerly the Consumer Electronics Show), hosted by the Consumer Technology Association (CTA) in Las Vegas, with the exhibits running during January 5–8, 2023, following two Media Days. In this report, we provide an early look at the show’s media days, keynotes and sessions, including three major product showcases. For more on what to expect from CES 2023, read our separate preview report. Look out for upcoming reports in January 2023, when we will present our insights from the show. CES 2023: First Look—Coresight Research Insights The 2023 iteration of CES will follow the annual conference’s typical format, comprising five major components: Media Days, featuring press conferences from major technology leaders Keynote addresses, featuring remarks from current and emerging key technology segments The conference program, which includes presentations on a wide variety of tech topics Three product showcases: CES Unveiled, Pepcom and Showstoppers The trade show, which spans three exhibit halls and features booths and demos from established companies and innovators around the world Media Days: Presentations from Global Tech Powerhouses (January 3–4) The Media Days will kick off with a presentation on “Trends to Watch” by Steve Koenig, VP of Market Research at CTA, who will outline global tech trends. The first day will also see the CES Unveiled product showcase (discussed later in this report). The second day will be replete with press conferences from global tech companies, which are only open to media and industry analysts. Coresight Research plans to catch as many of the press conferences as possible, including from Hisense, LG Electronics, Panasonic, Samsung, Sony and TCL. Read our coverage of last year’s event: CES 2022: 10 Insights from the Media Days. Keynotes: The Expansion of Tech into Other Sectors, Particularly Automotive (January 4–5) In Figure 1, we show selected keynotes from CES 2023 from the available agenda (as of December 20, 2022). Although it is typical for CES to offer keynotes from the electronics industry, the 2023 event will see keynotes featuring three speakers from the automotive/transportation industry. It is also notable to see speakers from retail and healthcare, indicating the spread of tech into other industries. Figure 1. CES 2023: Selected Major Keynotes (PST) Date/Time Speaker Sector Wed., Jan. 4, 6:30 p.m. Dr. Lisa Su Chair and CEO, AMD Semiconductors Wed., Jan. 4, 8:00 p.m. Oliver Zipse Chairman of the Board of Management, BMW AG Automotive Thu., Jan. 5, 8:30 a.m. John May Chairman and CEO, John Deere Industrial Thu., Jan. 5, 11:00 a.m. Ed Bastian CEO, Delta Air Lines Transportation Jeremi Gorman President, Global Advertising, Netflix Media Laura Jones Chief Marketing Officer, Instacart Retail Thu., Jan. 5, 2:00 p.m. Carlos Tavares CEO, Stellantis Automotive Thu., Jan. 5, 4:00 p.m. Panel: Carlos M. Nunez, M.D. Chief Medical Officer, ResMed Dr. Anne Docimo Chief Medical Officer, UnitedHealthcare Dr. Stephen Klasko Executive in Residence, General Catalyst Dr. Vidya Raman-Tangella Chief Medical Officer, Teladoc Dr. Susan Turney CEO, Marshfield Clinic Health System Healthcare Source: CTA The Metaverse Is the New Major Addition to CES (January 4–7) The 2023 conference program will cover typical topics such as fitness and wearables, home entertainment, smart cities, smart home and startups. However, it will also feature several metaverse-related topics, including: Augmented and virtual reality (AR/VR) Cryptocurrency and NFTs (non-fungible tokens) Web 3.0 and metaverse Other key topics at CES will include: Food technology Space technology Vehicle technology, which has been expanded beyond electric cars to encompass vehicles that traverse land, sea and air CES will also focus on several social topics in 2023, including: Human security for all The good that tech can do Diversity and inclusion Three Major Product Showcases: CES Unveiled, Pepcom and Showstoppers Three product showcases will take place at CES 2023, presenting curated selections of the 4,500 exhibitors presenting in the conference halls. All three showcases take place in a large exhibit hall and feature booths where vendors demonstrate and explain their products, offering hands-on experience of new products and an opportunity to meet with inventors and tech company executives. CES Unveiled will take place on January 3, after the “Trends to Watch” presentation. (Read our insights from last year: CES 2022: Five Cool Products Seen at CES Unveiled.) Pepcom Digital Experience! is set to be held on January 4. Pepcom is a marketing organization for tech companies that holds several showcases per year in New York City in addition to the Las Vegas showcase. (Read our insights from last year: CES 2022: 10 Innovative Startups from Pepcom Digital Experience!.) Showstoppers is a PR and digital events company that presents an annual product showcase at CES, which will be held on January 5 at the 2023 event. (Read our insights from last year: CES 2022 Showstoppers Exhibit: 10 Innovations from Technology Startups.) The World’s Largest Trade Show—Focus on the New West Hall and Eureka Park Company exhibits will be hosted in two main locations: The Las Vegas Convention Center, which contains exhibits in the three historical halls plus the newly completed West Hall (which was open for CES 2022), will be dedicated to mobility (air, land and sea), especially automotive products. The Venetian Expo (formerly Sands), which is part of the Venetian-Palazzo complex and contains Eureka Park, where most of the innovators are located. We plan to meet innovators from Israel, Hong Kong, France and other countries. The Venetian Expo is one of the most innovative areas of CES; these emerging companies provide a good picture of what will become major trends in future years. What We Think It is always a challenge to absorb the mind-boggling amount of new information and technology presented at every CES show. We will present key messages from the event in our daily coverage reports, as well as highlight exciting products and emerging innovators, so that both attendees and those unable to travel to Las Vegas won’t miss out on anything! We characterize this year’s show as evolutionary, rather than revolutionary (i.e., showing applications of existing technologies rather than introducing new, groundbreaking ones), with one major exception: the metaverse. We expect to see numerous demonstrations of metaverse technology, as well as its foundational technologies such as cryptocurrencies, NFTs, virtual reality and haptics, and other physical sensors and devices. In addition, we expect to see an increased focus on all kinds of autonomous vehicles (air, land and sea), as well as a diversified focus on other industries such as retail and healthcare, as tech is starting to permeate practically every other industry. This document was generated for
Deep DiveUS Fashion Resale Market: E-Commerce and Luxury Capture Greater Share Coresight Research December 21, 2022 Reasons to ReadWe analyze the growth trajectory of the US fashion resale market, presenting market factors, a competitive landscape, themes we are watching and industry players’ profitability. Data in this report include: US fashion resale market size and share of total fashion market, 2018–2026 US fashion resale market sales by distribution channel and year-over-year growth, 2018–2026 US fashion resale market e-commerce penetration and online sales year-over-year growth, 2018–2026 US consumers use of, and plans to buy, secondhand clothing, footwear and accessories, October 2022 Resale services used by resale fashion shopper in the past 12 months as of October 2022, by service provider Companies mentioned in this report include: Goodwill Industries, Facebook Marketplace, Poshmark, The RealReal, StockX, ThredUP Other relevant research: Playbook: Succeeding with Alternative Models in Retail—Resale, Subscription and Rental Market Outlook: US Apparel and Footwear Retailing—Fashion Spend Grows Even as Shoppers Tighten Their Belts All Coresight Research coverage of apparel and footwear 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 ReportCountdown to Holiday 2022: Holiday Homestretch—Key Insights into US Consumer Behavior, Traffic and More Coresight Research December 21, 2022 Reasons to ReadCoresight Research takes stock of the latest metrics on US holiday trading, including in our survey data and shopper traffic data. This is the final report in our Countdown to Holiday 2022 series. Data in this report include: US retail sales growth—nominal and real—in the fourth quarter of 2022 Proprietary US consumer survey data—including changes in grocery and nongrocery shopping habits due to inflation, and the latest picture on what and where consumers are purchasing Retailers’ sales growth versus inflation—grocery and apparel Store traffic in the holiday season across selected retail sectors Companies mentioned in this report include: Amazon, Dollar Tree/Family Dollar, Target, TJX, Walmart Other relevant research: All coverage of US holiday retail Our full series of US Consumer Tracker and US Consumer Tracker Extra survey 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
Free Data GraphicCoresight Bites: US Handbag Retailing—Inflation To Impact Market Growth Before Normalization Coresight Research December 21, 2022 Coresight Bites provide free snapshots of Coresight Research data and findings. This graphic presents selected insights into the US handbag market. Subscribers can access the full research here. To find out how to subscribe, click here. Following a substantial pandemic-led decline in 2020, the US handbag market recovered strongly in 2021, with total sales exceeding pre-pandemic levels. Price rises have driven growth in consumer spending on handbags in 2022. We expect that economic pressures including the impacts of inflation overall will see unit volumes down year over year in 2023—resulting in a low-single-digit percentage decline in the market’s value. Click the image below to read our full report on US handbag retailing, which explores market drivers, the competitive landscape and themes we are watching in the market. This document was generated for
Deep DiveMarket Outlook: UK Grocery Retailing—Inflation Pressures Stunt Market Growth Coresight Research December 20, 2022 Reasons to ReadEach Market Outlook offers our analysts’ definitive view of their sector. This research report includes proprietary forecasts, analysis of company metrics, exclusive consumer-survey data, and our analysts’ consideration of factors and themes in the market. Market Outlooks for major covered sectors are updated twice a year. Data in this report include: Total UK grocery retail sales and YoY sales growth Proportion of UK consumers reporting their cost of living has increased over the last month UK online grocery: total sales and YoY sales growth Top six UK grocery retailers’ store count UK grocery market share by retailer, 2020–2022 Companies mentioned in this report include: Aldi, Asda, Getir, Gorillas, Gopuff, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco, Waitrose Other relevant research: New Customer Loyalty Tactics: Insights Presented at Groceryshop 2022 Seizing the Grocery Livestreaming Opportunity: Insights Presented at Groceryshop 2022 Tesco company profile Ocado company profile Sainsbury’s company profile 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 ReportTravel Retail and Beauty: Conversion Rates of Dreams Coresight Research December 20, 2022 Reasons to ReadAfter being derailed by the Covid-19 pandemic, travel retail is starting to once again approach 2019 productivity levels. We examine current trends in the travel retail market, including future opportunities for beauty brands and retailers. Data in this report include: Global duty-free and travel retail sales Duty-free and travel retail sales by category and region Market shares of duty-free and travel retail sales by region Top 10 global duty-free retailers and their 2020 and 2021 revenues and market shares Product categories travel retail shoppers most want to buy from Companies mentioned in this report include: Coty, Dufry, Estée Lauder, L’Oréal, LVMH Other relevant research: Market Outlook: US Beauty Retailing—Clean Beauty and Premiumization Drive Growth Market Outlook: Asia Luxury Market To Drive Global Luxury Growth China National Day Golden Week 2022 Wrap-Up: Zero Covid Depresses Tourism Revenue and Trips During Week-Long Holiday 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 ReportNovember 2022 US Retail Traffic and In-Store Metrics: Holiday Traffic Declines Coresight Research December 20, 2022 Reasons to ReadIn our monthly report on US retail traffic and in-store metrics, we review weekly shopper traffic trends through the month, as well as traffic by retailer vertical, region and retailer location type. November 2022’s data shows traffic declined by 0.9% year over year. Data in this report are: Year-over-year change to US store-based traffic and sales US store-based nonfood metrics, including shopper yield, unit per transaction and average unit retail Weekly shopper traffic trends Traffic by retailer vertical Regional traffic trends Traffic by retailer location type Other relevant research: Coresight Research US Retail Sales Databank Coresight Research’s 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
Insight ReportLeveraging Customer Data in US Home and Home-Improvement Retailing: Moving Toward a Customer Data Platform Coresight Research December 20, 2022 Reasons to ReadCollecting and deploying customer data is a challenge for all retailers. We analyze how a customer data platform (CDP) can make these processes more effective, especially in the home and home-improvement sector. Data in this report include: US home and home-improvement specialist retailers’ sector size and year-over-year change, 2017–2026 Proportion of respondents willing to share information with other home-furnishings and home improvement retailers, as of September 2022 Companies mentioned in this report include: Adobe, Amazon, Apple, Google, Home Depot, Lowe’s Other relevant research: Salesforce’s Dreamforce 2022: Data Unification, Collaboration, Digitalization and Web 3.0 Amazon AWS re:Invent 2023: Keynote Address–AWS Enters the Enterprise Software Category with Two New Products Market Outlook: US Furniture and Home Furnishings Sees Rise in Omnichannel and Immersive Retailing Market Outlook: US Home-Improvement Retailing—Personalization and the Resurrection of In-Person Retailing 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 Dive3Q22 US Earnings Season Wrap-Up: A Mixed Quarter for Retail Amid Inflationary Pressures Coresight Research December 20, 2022 Reasons to ReadThis report offers analysis of the third quarter of 2022 performance of Coresight 100 companies mostly based in the US. We assess the recent performance of selected retailers, brands and e-commerce platforms in terms of revenues, earnings per share and comps, considering consensus estimates and year-over-year changes. Data in this report include: 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, Amazon, the Clorox Company, Foot Locker and Signet Jewelers Other relevant research: 2Q22 US Earnings Season Wrap-Up: Many Retailers Post Negative Sales Growth as Demand for Discretionary Goods Erodes Earnings Insights 3Q22, Week 6: Dollar General, Kroger and Ulta Beauty Post Strong Results; Big Lots and PVH See Sales Decline Earnings Insights 3Q22, Week 5: Dollar Tree, Foot Locker and Guess? Raise Sales Guidance; Burlington and Nordstrom See Sales Decline Earnings Insights 3Q22, Week 4: Bath & Body Works, BJ’s, Macy’s and Walmart Raise Guidance; Alibaba and Target See Slow Growth 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 ReportNovember 2022 UK Retail Sales: Volumes Remain Deeply Negative but Some Sectors See Value Growth Strengthen Coresight Research December 20, 2022 Reasons to ReadWe analyze UK retail sales, by sector and total, for October 2022. We also cover online retail sales and penetration. Data in this report are: Total UK retail sales, excluding automotive fuel and unadjusted, year-over-year change, November 2021–November 2022 UK retail sales by sector, year-over-year change, September 2022–November 2022 Online retail sales as a percent of total retail sales, November 2021–November 2022 Other relevant research: Coresight Research’s 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. Click here to view our full collection of monthly 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 Grocery Discounters: Price Competition Intensifies Coresight Research December 20, 2022 Reasons to ReadWe discuss the US grocery discounter landscape, focusing on prominent players Aldi, Save A Lot, Grocery Outlet and Lidl. We assess their growth momentum, store expansion strategies and e-commerce initiatives, and the implications for other grocery retailers. Data in this report include: Grocery discount channel vs. total US grocery market YoY % growth Selected discounters’ estimated annual sales Selected discounters’ and total US grocery store visits YoY growth Selected discounters’ store visit duration breakdown Aldi US, Save A Lot, Grocery Outlet and Lidl US: total store count and maps Companies mentioned in this report include: Albertsons, Aldi, Grocery Outlet, Lidl US, Kroger, Save A Lot Other relevant research: E-Commerce Outlook: US Grocery—Inflation Triggers Slowdown in Growth The Future of US Grocery Retail: Quantifying US Grocery Market Dynamics Through 2030 Seizing the Grocery Livestreaming Opportunity: Insights Presented at Groceryshop 2022 Market Outlook: US Grocery—Surging Inflation Disrupts Grocery 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 DiveUS Consumer Tracker: Shoppers Turn to Stores Coresight Research December 20, 2022 Reasons to ReadThe Coresight Research weekly US Consumer Tracker presents a detailed update on US consumers’ behavior and expectations, with a focus on the implications for US retail. This week, we assess shopper behavior as the holiday approaches. Data in this report are: Public places consumers are currently avoiding Activities consumers have done in the last two weeks Which retailers consumers have bought food and nonfood products from in the last two weeks What products consumers have bought in the last two weeks in-store and online Companies mentioned in this report include: Amazon, Dollar General, Dollar Tree/Family Dollar, Target, Walmart Other relevant research: Read our full series of US Consumer Tracker and US Consumer Tracker Extra 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 ReportMixed-Use Real Estate—London’s Battersea Power Station Renewed with Retail Relevance Coresight Research December 19, 2022 Reasons to ReadMembers of the Coresight Research team visited Battersea Power Station, a historic, decommissioned power station that recently reopened as a mixed-use center with dining, entertainment and shopping options, as well as residences and forthcoming workspaces. We review the amenities available at Battersea Power Station and the destination’s retail potential. Companies mentioned in this report include: Apple, Battersea Power Station Development Co., Genesis and Ralph Lauren 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 ReportMetaverse Fashion: Inclusivity and Realism in Avatar Wearables, plus Survey Findings from Roblox Coresight Research December 19, 2022 Reasons to ReadLeading virtual world and pre-Web 3.0 gaming platform Roblox recently released its “2022 Metaverse Fashion Trends” report, detailing trends in digital avatars and wearables for Gen Z users. We present key findings from the report and analyze implications for fashion brands in the metaverse heading into 2023. Data in this report are: Findings on digital wearable trends from a Roblox survey of Gen Z users in the US Companies mentioned in this report include: Burberry, Carolina Herrera, Gucci, NIKE Other relevant research: Metaverse Latest: Decentraland’s Fashion Week Metaverse Fashion Set To Boom, As Consumers Are Keen To Show Their Digital Styles and Identities All Coresight Research coverage of the metaverse 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