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 the state of the retail real-estate sector—with second-quarter data from Simon Property Group, one of the industry’s largest real-estate investment trusts.

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

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Reasons to Read

Coresight Research hosted Matt Alexander, Co-Founder and CEO of Neighborhood Goods, in an exclusive fireside chat presented by RevTech Ventures on August 5, 2020.

We present insights from our conversation, focused on three key topics:

  1. People-centric stores—prioritizing customers, employees and experiences
  2. Complementing face-to-face interactions with interactive technology
  3. Weathering the pandemic—booming digital sales

We summarize the key takeways from Neighborhood Goods’ experiences during the Covid-19 crisis.

To register for future digital events hosted by Coresight Research, please click here.

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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
  • 2020 major US retail bankruptcies
  • New non-store-closure news

This week, there are highlights from Dick’s Sporting Goods, Stein Mart and Sur La Table in the US, and Jigsaw and River Island 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 new 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 July 2020, covering weekly shopper traffic trends, traffic by retailer vertical, regional traffic trends and traffic by retailer location type.

Highlights from our July 2020 Retail Traffic report:

  • July saw a deep year-over-year decline in store traffic, worsening from June as many states rolled back reopening plans due to a rise in the number of Covid-19 cases.
  • The footwear sector experienced the greatest decline in traffic, followed by jewelry and apparel.
  • Declines varied by region due to the phased approaches to retail reopening (and reversals) taken by different states.
  • With the coronavirus surging, non-enclosed storefront locations performed better than traditional enclosed shopping centers.
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Reasons to Read

Coresight Research hosted a webinar with Glenn Allison, VP Information Technology at Tractor Supply Company, on August 5, 2020.

We present insights from our conversation, focused on three key topics:

1. Flexibility—Meeting consumer demand in challenging times by rolling out innovative fulfillment models

2. Workforce—Supporting talented employees and ensuring health and safety

3. Technology—Ironing out inefficiencies and collecting actionable business intelligence data, such as through advanced analytics

We summarize Allison’s key takeways from Tractor Supply’s experiences during the Covid-19 crisis.

Click here to watch the video recording of this webinar.

To register for future Coresight Conversations webinars, please click here.

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Reasons to Read

In our Reshaping Supply Chains for the 2020s series, we analyze the technologies and trends that are enabling the evolution of the supply chain. In this report, we discuss changes in retail warehousing needs and how technology solutions are helping to meet demand and optimize operations.

This report considers the following key topics:

  • Implications of e-commerce growth for warehousing—including recent examples of warehouse investment
  • Why malls are turning over retail space to create warehousing facilities
  • The application of key technologies to improve warehouse and supply chain efficiency—as well as to meet current coronavirus-related requirements
  • Sustainability in warehousing

Read previous reports in our Reshaping Supply Chains for the 2020s series for more information on the evolution of manufacturing, demand forecasting and the consumerization and digitalization of product design.

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Reasons to Read

In our Retail Reimagined series, we offer a thematic outlook to the post-crisis world, identifying and discussing key retail trends that are likely to prevail and exploring how retail may be reimagined in response to shifts in demand and supply.

The coronavirus pandemic resulted in a surge of online shopping amid temporary store closures, prompting brands and retailers to rethink last-mile delivery—with safety and convenience for consumers being top of mind.

In this report, we discuss the ongoing acceleration of improvements in last-mile delivery and fulfillment in retail, as well as our expectations for how advancing technologies will further innovation in this area in the future. We explore the following topics:

  • Autonomous delivery robots and drones—with examples from Amazon in China and CVS in the US
  • Smart parcel lockers
  • Route-optimization software
  • Ship-from-store fulfillment and dark stores

We detail examples of innovative approaches to last-mile delivery amid the Covid-19 crisis—such as by JD.com in China—and present the implications of changing last-mile delivery trends for brands, retailers and technology vendors.

Click here to read the previous report in our Retail Reimagined series, which explores the innovative ways in which brands and retailers can create compelling products for consumers.

Click here to read Coresight Research’s ongoing coverage of the coronavirus pandemic.

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We present Three Things You Need To Know on US Survey Update: How Consumers Spent and Plan To Spend Stimulus Checks. Find the full report here.

Reasons to Read

With increased interest in beauty and health, Chinese consumers are fueling a boom in the wellness retail market. We look the significant growth of China’s wellness market in recent years—including insights into its recovery following the coronavirus crisis.

In this report, we also explore three key trends that present opportunities for brand and retailers in this market:

  1. Edible beauty for skin wellness
  2. Physical wellness through fitness
  3. Wellness for mental health

Click here to read the previous report in our Insights from China series, which explores the pet economy.

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Reasons to Read

Amazon’s Prime Day in India took place on August 6–7, 2020. We present key insights from the event across the following key topics:

  • Amazon’s preparations for the event this year, in the context of the Covid-19 pandemic—including remote working, season hiring, increased storage capacity and adjusted delivery services
  • Headline deals across multiple categories
  • Consumer challenges during the event—including inadequate discounts, long wait times and technical issues

We discuss how the event in India is a precursor to Amazon’s Prime Day in other markets later in the year, and its implications for brands and retailers.

Click here to read further Coresight Research coverage of Amazon Prime Day events.

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Reasons to Read

Our US Back to School 2020 series explores the back-to-school (BTS) and back-to-college (BTC)—which we will collectively refer to as to “back-to-class”— season, considering consumer shopping behaviors amid the coronavirus crisis and the implications for retail.

In this report, we provide an update on consumer attitudes toward the back-to-school (BTS) season as well as their expected shopping and spending behaviors, based on our survey of US consumers conducted on August 5, 2020.

We discuss our findings across three key topics, with a focus on in-school versus online learning:

1. BTS shoppers’ spending ability and what they expect to spend on

2. BTS shoppers’ concerns about the Covid-19 pandemic

3. BTS shoppers’ attitudes about in-store versus online shopping

Click here to read the previous report in our US Back to School 2020 series, which explores how uncertainty around varied school and college reopening models will redefine the back-to-class shopping basket.

 

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Reasons to Read

With three months to go until Singles’ Day 2020, we explore how brands and retailers can use Weitao, Alibaba’s built-in social feed for Tmall and Taobao, to prepare for China’s biggest e-commerce festival.

This report presents insights into the following:

  • The opportunity that Singles’ Day presents to brands and retailers—boosted by the booming social commerce market in China
  • Key marketing strategies on the Weitao platform—including the use of short-format video content, influencers and dedicated campaigns
  • The implications of leveraging Weitao for brands and retailers

Click here to read the previous report in our countdown to Singles’ Day, which provides key strategies for how brands and retailers can increase their presence and exposure on Alibaba’s Tmall platform in the lead-up to the shopping festival.

Click here to read more about Singles’ Day 2020 as we count down to the event, as well as further Coresight Research coverage of past Singles’ Day events.

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Reasons to Read

In our Retail Reimagined series, we offer a thematic outlook to the post-crisis world, identifying and discussing key retail trends that are likely to prevail and exploring how retail may be reimagined in response to shifts in demand and supply.

The coronavirus pandemic has significantly impacted consumer demand and spending behavior, so it is more important than ever for brands and retailers to create appealing products to drive excitement and, ultimately, conversion.

In this report, we explore the following key topics:

  • Innovative ways in which brands and retailers can create exciting products for consumers—including cross-brand collaboration and data-driven customization
  • How brands can leverage celebrities and social media influencers to develop and market new products
  • The growth of the C2M business model in China
  • Recent examples of innovative product creation in China and the US.
  • The implications of innovative product creation trends for brands, retailers and technology vendors.

Click here to read the previous report in our Retail Reimagined series, which explores how retailers are implementing contact-light retail operations.

Click here to read Coresight Research’s ongoing coverage of the coronavirus pandemic.

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QUESTION OF THE WEEK: How Can AI and Machine Learning Solve Retail Category Managers’ Pain Points?

Artificial intelligence (AI) and machine learning can help retail category managers to quickly act on changing market trends by adapting to consumer demand in real time.

Reasons to Read

US apparel store closures are rising amid the coronavirus crisis, and the sector has witnessed Chapter 11 bankruptcy filings by a number of major retailers so far in 2020.

In this report, we discuss the following key topics:

  • Year-to-date announced apparel store closures—such as by Ascena Retail Group, Brooks Brothers and Tuesday Morning
  • Year-to-date apparel retailer bankruptcies—including Centric Brands, J.Crew Group and True Religion Apparel
  • Our outlook for brick-and-mortar apparel retail, considering findings from Coresight Research proprietary surveys of US consumers
  • Potential acquisitions of struggling apparel retailers by mall owners such as Simon Property Group
  • The implications of rising store closures and bankruptcies for apparel brands/retailers and real-estate firms

Click here to read our US Store Closures 2020 Outlook.

Read our separate reports on US department store closures and our expectations for the acceleration of bankruptcy filings through the remainder of the year.

Click here to read Coresight Research’s ongoing coverage of the coronavirus pandemic, and visit our Coronavirus Tracker for more information on temporary store closures and key developments.

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