Reasons to Read

On February 3–4, 2021, ULI (Urban Land Institute) Asia Pacific hosted a virtual conference, “Experience the Experience,” for which Coresight Research was an innovator sponsor.

Deborah Weinswig, CEO and Founder of Coresight Research, and Echo Gong, Head of Greater China Advisory at Coresight Research, joined more than 40 thought leaders from 12 countries across Asia Pacific, Europe and Americas to tackle the issues in retail, hospitality, technology and real estate.

In this free report, we present key insights from the event, from retail innovation to consumer engagement and more.

This report is available for free and can be accessed by registering for a free account.

CONTENTS

ULI Aisa Pacific: Experience the Experience—Eight Key Insights

  1. Digitalization Is Key to Weathering the Current Environment
  2. Retailers Must Consider Data Privacy in Analyzing Customer Data
  3. Omnichannel Retail Provides a Seamless Shopping Experience
  4. The Tenant Mix in Malls Shifts to Experiential/Lifestyle Concept
  5. Food-Delivery Services and Cloud Kitchens See Tailwinds
  6. Retailers Can Win by Increasing Engagement with Young Consumers
  7. Local Appreciation Is a New Trend for Gen Z
  8. Responsible Consumers Are on the Rise

 

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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. We cover:

  • A week-by-week comparison of store openings and closures in the US and UK year to date in 2021
  • What is happening in retail in the US and UK this week
  • Year-to-date 2021 major US and UK store openings and closures

This week, there are highlights from Aldi, At Home, Five Below, Gertrude Hawk Chocolates, Kmart, Murphy USA, Sears, Skechers, Trader Joe’s and Weis Markets  in the US and Aldi, Boohoo, Clarks, Dermstore and The Hut Group in the UK.

Click here to view our full collection of Weekly US and UK Store Openings and Closures Trackers.

Complementing our weekly report, the Coresight Research Retail Store Databank offers our premium subscribers access to openings and closures data from 2012 to 2021 year to date, filterable by sector and year. Click here to view.

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Reasons to Read

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain.

In this free report, we profile Nexite, provider of the Connected Merchandise Platform that provides real-time insights to retailers to help optimize the consumer journey.

Coresight Research collaborated with Nexite to offer insights into the company’s business model and offerings.

This report is available for free and can be accessed by registering for a free account.

CONTENTS

What’s the Story?

Why It Matters

Nexite: In Detail

What Problem Is the Company Solving?

  1. Contactless, frictionless experiences
  2. Visibility into the customer journey

How the Covid-19 Pandemic Has Impacted Business

Competitive Advantages

Upcoming Developments

What We Think

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Reasons to Read

The Coresight Research team attended Nordstrom’s virtual Investor Day on February 4, 2021. We present our top takeaways from the event, including the company’s views of the shifting retail landscape and Nordstrom’s three initiatives under its digital-first “Closer to You” market strategy.

Click here to read more Coresight Research coverage of Nordstrom.

CONTENTS

What’s the Story?

The Shifting Retail Landscape: Customers Are Younger; Spending Is Polarized; Digital is Driving Decisions

“Closer to You” Strategy: Three Initiatives

  1. Winning in Its Most Important Markets
  2. Broadening the Reach of Nordstrom Rack
  3. Increasing Digital Velocity

Financial Outlook

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  • Resale, especially fashion resale, is becoming increasingly mainstream as consumers seek out value options. Although the US fashion resale market declined in 2020, we expect it to recover to a pre-crisis level in 2021.
  • According to Coresight Research’s US Consumer Tracker, US consumers have become more focused on sustainability following the Covid-19 crisis: Some 29.0% of respondents said that the pandemic has made environmental sustainability more of a factor in their shopping choices, which indicates demand opportunities for the resale market in the near future.

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Reasons to Read

New York based brand Ulla Johnson saw the potential of a cross-border strategy and embraced the channel to grow its brand presence. This webinar examines the successful cross-border approach of Ulla Johnson, featuring Senior Manager Nikki Davidson, who discusses why they decided to expand globally and how they deliver localized experiences to provide delightful experiences for all of their customers, international and domestic alike. Flow CEO Rob Keve contributes as a thought leader examining the broader market and trends driving success of the cross-border e-commerce industry as a whole. This interview driven presentation is led by Deborah Weinswig, CEO & Founder of Coresight Research, who presents a view of a successful strategy demonstrating how other online retailers can also execute a global strategy to drive business.

To access these insights and join future events, subscribe to Coresight Research.

Click here to view a recording of the event.

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Reasons to Read

Coresight Research’s quarterly report series keeps you up to date on the latest economic data from the US and China.

In this report, we look at recently released data for the fourth quarter of 2020, which show a slowdown in the growth rebound in the US and a continued strong recovery in China.

We discuss the following key macroeconomic indicators:

  • Changes in US GDP, industrial production and personal consumption expenditure
  • Changes in China’s GDP, industrial production and per capita expenditure

Click here to read the previous report in this series, from November 2020.

Click here to read our latest report on key consumer indicators in the US, China and the UK—part of our Monthly Consumer Update series.

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Reasons to Read

On February 9, 2021, Deborah Weinswig, CEO and Founder of Coresight Research, hosted an exclusive Coresight Connect event for Coresight Research premium subscribers. Our analysts presented key insights from two of the biggest events in the retail industry: CES and NRF.

The topics we dive into in this presentation include the following:

  • Personalization in online customer engagement
  • Benefits that retailers can reap from integrating their data
  • Technology-driven ways of reimagining the store
  • The promise of 5G wireless
  • Tech industry-leading advances in diversity and inclusion

To access these insights and join future Coresight Connect events, subscribe to Coresight Research.

Click here to view a recording of this webinar.

Coresight Research also published select highlights from each day of CES 2021 and NRF 2021, which are free to read.

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Reasons to Read

The US resale market, from apparel to furniture and toys, is set to boom in 2021. We provide an overview of the US resale market, with a focus on fashion resale. This report also includes the following key topics:

  • Our estimates for US fashion resale growth in 2021, as well as fashion resale’s anticipated share of the total US fashion market
  • Major resale business models and key players—including overviews of how Etsy, Poshmark and ThredUP operate their resale businesses
  • Opportunities in the US luxury resale market, with insights on the Coresight Research Hourglass Model of Retail
  • Headwinds faced by US resale platforms

Click here to read our report on how companies are tapping demand in rental, subscription and resale in the US.

To read about the digital recommerce market for pre-owned products in China, click here.

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  • The Coresight Research US Apparel and Beauty Spending Tracker provides a monthly update on the trajectory of consumer spending on beauty, clothing and footwear. The data are sourced from the US Bureau of Economic Analysis (BEA).
  • Consumer spending on clothing and footwear saw a deep year-over-year decline of in December 2020. The trend may reflect early shopping ahead of the final holiday peak and renewed stay-at-home orders that were issued in early December in the US.

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Executive Summary

Coresight Research’s key global retail and consumer trends for 2021 fall under five umbrellas: the new consumer; the future of physical retail; the evolution of digital retail; doing good is good business; and discovering ways of transacting.

 The trends range from some of the biggest, multiyear, multicategory trends such as wellness and sustainability to more nascent or niche trends such as livestreaming and experiential e-commerce. 

 In this presentation, we outline our predictions and discuss the impact of each trend on various retail sectors and regions.

 Click here to read the full, free report, which explores each global retail trend in more detail.

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Reasons to Read

The Coresight Research US Apparel and Beauty Spending Tracker provides a monthly update on the trajectory of consumer spending on beauty, clothing and footwear.

Coresight Research’s monthly reports keep you up to date on US and UK retail sales, US retail traffic and in-store metrics and key global consumer indicators. Click here to view our full collection of Monthly Reports.

Using data from the US Bureau of Economic Analysis, we discuss clothing declines in December 2020, and the moderation of beauty spending growth during the month. This report covers the following:

  • US consumer spending on clothing and footwear—year-over-year change
  • US consumer spending by subcategory, including children’s and infant’s clothing, men’s and boy’s clothing, and women’s and girl’s clothing—year-over-year change
  • US consumer spending on footwear—year-over-year change
  • US consumer spending on selected beauty categories—year-over-year change

 

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Reasons to Read

On January 28, 2021, the Council of Fashion Designers of America (CFDA) hosted its third panel in a series on adaptive fashion. Deborah Weinswig, CEO and Founder of Coresight Research, and Erin Schmidt, Senior Analyst at Coresight Research, joined the other leading researchers in the field of adaptive apparel to discuss the current retail opportunity in the market.

In this free report, we present five key insights from the panel. We provide details about the panelists at the end of the report.

For more Coresight Research coverage of adaptive apparel in the US, read our free report on market highlights and look out for our upcoming deep dive, Think Tank: US Adaptive Apparel Market.

CONTENTS

CFDA on Adaptive Fashion: Learning from the Researchers—Five Key Insights

1. Adaptive Apparel Is a White-Space Retail Opportunity

2. Beyond the Product: Improving the Shopping Experience for People with Disabilities

3. Market Headwinds: Lack of Awareness and Consistency

4. Breaking Down Barriers for People with Disabilities

5. Elevator Pitch for Adaptive Apparel

Panelists

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We present Three Things You Need To Know on Market Outlook: Understanding India’s $800 Billion Retail Sector. Find the full report here.

Reasons to Read

Our weekly Earnings Insights reports feature highlights from recent management commentary at major US retailers within our Coresight 100 coverage list, as they report fourth-quarter 2020 earnings.

We condense what retail companies are reporting regarding the following key content:

  • Management commentary on demand trends in the fourth quarter (where reported)—including comparable sales growth, details on consumer demand by category or channel, and qualitative insights
  • The impact of the Covid-19 pandemic on recent performance
  • The outlook for demand, as reflected in revenue guidance or more qualitative commentary

This week, there are highlights from companies that reported in the week ended February 7, 2021, namely Alibaba, Amazon, Brookfield Property Partners, Canada Goose, Capri Holdings, eBay, Ralph Lauren and Tapestry.

Click here to read the final report in the Earnings Insights 3Q20 series.

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