Reasons to Read

This week, as we move into the last couple of weeks of the 2020 holiday season, we analyze consumers’ holiday shopping expectations for the final time. Our findings cover the following:

  • Consumers’ expectations for holiday spending compared to last year—including the categories they expect to spend less on
  • When and how consumers expect to shop for the holiday 2020 season

We also present findings on shoppers’ current online spending habits and avoidance of public places, as well as what activities they expect to do in the next two weeks.

If you do not have a premium subscription, you can access select findings in a complimentary abridged report.

Click here to view additional coverage of the impact of Covid-19 on retail, which includes US consumer survey findings from previous weeks.

CONTENTS

What’s the Story?

Holiday-Season Shopping Update

Less Than Half of Respondents Expect To Spend Less

Three in 10 Shift Their Holiday Shopping from Stores to Online

What Shoppers Are Doing and Where They Are Going

More Consumers Had Bought Apparel Online in the Past Two Weeks

Slightly More Consumers Expect To Buy Apparel In-Store than Actual Behavior Indicates

Over Eight in 10 Are Currently Avoiding Public Places

Reviewing Trend Data in Current Purchasing Behavior

What Consumers Are Currently Buying More Of and Less Of

Over Three-Quarters Are Switching Spending Online

What Consumers Are Currently Buying More Of Online

What We Think

Methodology

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Reasons to Read

In each report in the Weinswig’s Weekly series, Coresight Research CEO and Founder Deborah Weinswig reflects on a topical theme in retail. This week’s note “From the Desk of Deborah Weinswig” discusses how major US retailers will face a cost reckoning in the new year for the holiday e-commerce boom.

Each report also includes recent retail and technology headlines from Asia, Europe and the US.

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Reasons to Read

On December 8, 2020, Deborah Weinswig, Coresight Research CEO and Founder, emceed Retailers United’s second pitch event, in which five US retail startups competed for a $10,000 grant.

In this report, we reveal the winner of the “Help America Stay Open” digital pitch competition and provide highlights from the presentations of the five competing startups, as well as from the pitches of the three participating RevTech Ventures-backed companies.

Read our separate reports profiling the five competing startups and the three RevTech Ventures-backed companies, which we published prior to the event.

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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 2020
  • What is happening in retail in the US and UK this week
  • Year-to-date 2020 major US and UK store openings and closures

This week, there are highlights from Francesca’s, Dollar General, Sephora and Wayfair in the US and Cath Kidston and Debenhams in the UK. We also discuss quarterly store opening and closure settlements following the release of quarterly company filings this week.

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

Complementing our weekly Tracker report, the Coresight Research Retail Store Databank offers our premium subscribers access to openings and closures data from 2012 to 2020 year to date, filterable by sector and year. Click here to view.

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Reasons to Read

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.

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.

In this report, we assess US retail traffic in November 2020, covering the following:

  • Weekly shopper traffic trends
  • Traffic by retailer vertical
  • Regional traffic trends
  • Traffic by retailer location type
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Reasons to Read

On December 10, 2020, John Harmon, Senior Analyst at Coresight Research, presented an update on the holiday season homestretch at a virtual webinar hosted in partnership with business weather intelligence firm Planalytics.

This presentation covers the following:

  • Holiday retail update
  • Key retail themes for the 2020 holiday season homestretch

Evan Gold, EVP of Global Partnerships at Planalytics also presented weather-driven insights for the holiday season.

Click here to read more coverage of US retail sales.

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  • Brick-and-mortar retail continues to see severely reduced shopper visits amid the pandemic. Although we saw an improving traffic trend over the first three weeks of November, we saw a deeper decline of 41.3% in the fourth week, which included Black Friday weekend.
  • The deep decline was in the context of sustained high levels of Covid-19 infection and hospitalizations, suggested restrictions on holiday travel and further potential restrictions in some states.
  • Home retailers consistently saw less severe declines in traffic through the month than apparel, footwear and jewelry retailers.
  • We are on course for a digital December as physical store traffic remains deeply negative and online demand is highly elevated. We expect digital sales across nonfood retail to rise in the low-30s-percent range, totaling $220 billion, or 27.6% of all nonfood retail sales, in the holiday quarter. We continue to expect an approximate one-third (33.5%) rise in total holiday-quarter online retail sales.

Reasons to Read

Beauty has always been a popular category on Singles’ Day, and this year, it continued to witness strong sales growth across various Chinese e-commerce platforms, including Alibaba’s Tmall and JD.com.

We assess beauty brands’ and retailers’ performance and explore the key beauty trends that came to the fore during the Singles’ Day 2020 shopping festival.

This free report is brought to you in partnership with CEW—conversation leaders in the beauty industry and community. Our joint insights highlight the strategies that beauty brands and retailers implemented for Singles’ Day 2020 and the learnings that brands can apply in future festivals and beyond to capture share of the fast-growing beauty market in China.

Click here to read the previous Coresight Research x CEW Beauty Insights report, which explores group buying in the beauty market.

Content

What’s the Story?

Why It Matters

Sales Performance of the Beauty Category During Singles’ Day 2020

Bestselling Beauty Brands

Beauty Continues to Dominate the Cross-Border E-Commerce Channel

DTC Beauty Brands Record Success

Beauty Brands’ Strong Marketing Campaigns for Singles’ Day 2020

Livestreaming

The Alibaba Business Operating System

Key Beauty Trends During Singles’ Day 2020

CBD and Clean Beauty

Home-Use Beauty Devices

Male Beauty

What We Think

Implications for Beauty Brands and Retailers

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Reasons to Read

This report is part of The 12 Weeks of Holidays series, in which we present key data, trends and observations as we count down to the peak holiday season. In this report, we present our expectations for a digital December and analyze the implications for US retailers.

We cover recent retail traffic trends, mobile commerce and digital selling tools, popular online product categories, and online-order fulfillment and last mile-delivery.

Click here to read the previous report in the 12 Weeks of Holidays series, which explores trends in footfall to retail stores among US shoppers.

Click here to read all Coresight Research coverage of US holiday retail.

CONTENTS
What’s the Story?
Why It Matters
Our Predictions for a Digital December in US Retail: In Detail

Physical Retail Traffic Drops, While Online Sales Surge

Mobile Commerce: Retailers and Brands That Optimize Digital Selling Techniques Will Convert Shoppers This Holiday

Top Online Product Categories: Apparel and Electronics Prove Popular

Online-Order Fulfillment and Last-Mile Delivery: Opportunities for Competitive Advantage

What We Think

 

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Reasons to Read

Coresight Research’s Retail Robustness Index, first published on March 26, evaluates the 100 largest US retailers (by revenue) on their ability to weather dramatic shifts in demand as the Covid-19 lockdowns began. This report updates the scores based on financial reports and store-reopening announcements.

We rank the companies according to four metrics: financial health, sales capacity, product mix and management tenure.

This report also includes the following key content:

  • Monthly changes in the index
  • November index outlook
  • The top 10 retailers in our ranking and commentary on the companies that have seen the biggest score changes
  • Retail robustness by segment

The appendix details our methodology of calculating index scores.

This report follows the Retail Robustness Index: November 2020 Update.

Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak.

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Reasons to Read

Our Consumer Tech Briefing series discusses recent developments in the world of technology. This month, we look at the following new tech and funding developments:

  • Lululemon’s introduction of products from tech startup Mirror in its stores
  • Recent funding raising rounds for home fitness technology brands Tonal and Zwift

We also discuss our expectations for the future of the post-pandemic home fitness market.

Click here to read our previous Consumer Tech Briefing report, which discusses new 5G tech releases from Apple and OnePlus.

Click here to read more Coresight Research coverage of consumer technology.

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Reasons to Read

With the Covid-19 pandemic having significantly accelerated the growth of e-commerce, the global e-commerce logistics market is booming as platforms strive to meet consumer demands for delivery.

In this report, we look at recent investments into logistics capabilities by select e-commerce platforms—including Amazon, Alibaba, Flipkart and JD.com—across six key areas, from facilities to autonomous delivery technologies and last-mile delivery.

Click here to read about holiday hiring drives among US retail and logistics firms.

CONTENTS

What’s the Story?

Why It Matters

E-Commerce Platforms Upgrade Logistics: A Deep Dive

Six Key Investment Areas

  1. Facilities
  2. Recruitment of Logistics Staff
  3. Partnerships with Logistics Firms
  4. Last-Mile Delivery
  5. Autonomous Delivery Technologies
  6. Cross-Border Fulfillment
What We Think

Implications for Brands/Retailers

Implications for Technology Vendors

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We present Three Things You Need To Know on US CPG Sales Tracker: CPG E-Commerce Climbs 66%, Driven by Strong Growth in Online Food Sales. Find the full report here.

 

Reasons to Read

China’s male beauty market is on the rise and still has huge growth potential. In this report, we outline the market and discuss its key growth drivers. We explore how beauty brands can better reach Chinese male consumers, through esports sponsorship and brand collaboration.

Click here to read the previous report in our Insights from China series, which explores the success of Freshippo, Alibaba’s grocery chain, considering the impact of the Covid-19 pandemic this year.

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Reasons to Read

Coronavirus vaccines are now in production, and there are indications that the US economy is on the road to recovery from the global pandemic. In this report, we analyze six ways in which pandemic-driven changes to the economy, retail and consumer behavior will impact the US retail industry moving forward.

These include repercussions from unemployment rates on spending power (which vary across consumer income groups), the effects of changed business operations, such as work-from-home practices and reduced travel, and how a vaccine will influence the outlook for the service industry.

We discuss the implications of these impacts for retailers.

Click here to view additional coverage of the impact of Covid-19 on retail, which includes Coresight Research’s proprietary US consumer survey findings.

CONTENTS

What’s the Story?

Why It Matters

Six Ways Covid-19 Will Continue To Impact US Retailers and Consumers: A Deep Dive

  1. The Unemployment Rate Is Moving in the Right Direction, but Recovery May Slow in the Short Term
  2. Lower-Income Consumers Will Have Their Spending Constricted in the Short Term
  3. Higher Earners May Spend More Freely
  4. Birth Rates Will Drop Significantly, Impacting Childcare and Education Spending in the Long Term
  5. The Surge in Homebuying Will Drive Retail Sales but Should Wane in the Medium Term
  6. A Vaccine Will Prompt a Switch Back to Services in the Medium and Long Term

What We Think

Implications for Brands/Retailers

Implications for Real Estate Firms

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