Deep DiveInnovator Intelligence: Decoding Customer Data To Redefine Success in Category Management Coresight Research July 28, 2020 Reasons to ReadWe discuss key trends impacting retail category management and how retailers and manufacturers can leverage technologies such as big data and artificial intelligence to become more shopper-centric. This report includes insights and discussion around the following topics: Category management problems—including what product to carry, how to understand consumer demand and when to act on changing market trends The top digital priorities of technology vendors in the changing retail landscape Key skills for succeeding in category management—according to proprietary Coresight Research survey data The challenge of harnessing real-time data for CPG manufacturers The implications of incorrect category management decisions—and the benefits of effective category management We also explore Centricity, an analytics company that leverages AI and machine learning to understand changing shopper demand in real time: Centricity’s analytics platform—how it can help CPG manufacturers and retailers, and how the platform functions Competitive advantage matrix Business model and recent announcements This report is sponsored by Centricity. 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 ReportUS Back to School 2020: The Outlook for Retail amid Uncertainty and a Gloomy Economic Backdrop Coresight Research July 28, 2020 Reasons to ReadIn this first report of our US Back to School 2020 series, we provide an outlook for US retail this season, which is being shaped by the coronavirus crisis. We present our estimates for consumer spending on shopping for school and college, and discuss the four core market drivers behind our expectations: 1. Consumer focus on health and safety amid Covid-19, which will affect what they spend on and how they shop 2. The impact of the crisis on discretionary retail 3. Potential school and college reopening models, which may vary across states and districts—including distance learning 4. The economic backdrop—considering factors such as unemployment, home prices and consumer sentiment We also look at the announced plans of several major US retailers in regard to the back-to-school season, including American Eagle Outfitters, Kohl’s and VF Corporation. 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 ReportRetail Reimagined: Using Shopping Festivals To Boost Sales Coresight Research July 28, 2020 Reasons to ReadIn 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 the ways in which consumers engage in retail, with many retailers looking to shopping festivals as a new and innovative way to generate interest in products, boost brand awareness and drive sales. In this report, we explore the festivalization of retail, covering the following key topics: How shopping festivals in China are helping the retail industry to move beyond the crisis Expanding and diversifying shopping festival offerings beyond flash sales and discounts Examples of innovative approaches to shopping festivals during the crisis in China and how these retail tactics can be applied in the US Our expectations for the role of shopping festivals in the future—and the implications for brands, retailers and technology vendors Click here to read the previous report in our Retail Reimagined series, which explores how social media can be leveraged by brands and retailers to drive consumer engagement and spending. Click here to read Coresight Research’s ongoing coverage of the coronavirus pandemic. 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 TrackerUS Retail Bankruptcies: Store Closures Set To Spike amid Acceleration in Bankruptcy Filings Coresight Research July 28, 2020 Reasons to ReadIn the wake of the coronavirus crisis, a number of US retailers have filed for bankruptcy. We outline recent developments and their implications for the retail industry, as well as our expectations for the acceleration of bankruptcy filings and store closures through the remainder of the year. This report covers the following content: The impact of bankruptcies on the retail industry Year to date bankruptcy filings from major US retailers—most notably in the department-store and apparel sectors Consumer avoidance behavior and its significance for struggling retailers Moves by mall owners to acquire bankrupt retailers Implications for brands, retailers and real-estate firms Click here to read our US Store Closures 2020 Outlook. Click here to read our separate report that further explores how REITs are looking to acquire struggling retailers. 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. 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
Flash ReportUS Survey Update: Consumers Increasingly Avoiding Public Places and Shifting More Apparel Spending Online (Select Findings) Coresight Research July 27, 2020 Reasons to ReadThis report provides select findings from Coresight Research’s July 22 survey of US consumers on the coronavirus crisis. We asked respondents about the impact of the pandemic on their behaviors and expectations, with a focus on implications for retailers. This report is available for free and can be accessed by registering for a free account. Selected findings in this report include: Whether respondents are currently avoiding public areas or travel. Whether respondents are buying more apparel online than they used to. Whether respondents expect to retain behaviors from the coronavirus outbreak period over the long term. Our full report is available to premium subscribers and includes further findings: A full list of the public areas or travel that consumers are avoiding What activities respondents have done in the past two weeks and what they expect to do in the next two weeks Whether respondents are buying more or less of any retail categories as a result of the Covid-19 outbreak and, if so, which types of products Whether US shoppers are making more purchases online during the coronavirus outbreak and, if so, which categories Our latest research provides an update to our previous reports, which were based on surveys undertaken on July 15, July 8, July 1, June 24, June 17, June 10, June 3, May 27, May 20, May 13, May 6, April 29, April 22, April 15, April 8, April 1, March 25 and March 17–18. In addition to this survey, Coresight Research is publishing ongoing coverage on the coronavirus outbreak, which can be accessed here. This document was generated for
Deep DiveUS Survey Update: Consumers Increasingly Avoiding Public Places and Shifting More Apparel Spending Online (Full Report) Coresight Research July 27, 2020 Reasons to ReadCoresight Research’s July 22 survey provides a detailed update on US consumers’ behaviors, concerns and expectations amid the coronavirus crisis, with a focus on the implications for US retail. This week, saw consumers’ concerns increase again, stemming from a rising number of new coronavirus cases in the US. We discuss a number of survey findings on consumers’ current and expected behaviors, covering the following: Whether respondents are currently avoiding public areas or travel—and which types of places or travel they are avoiding What activities respondents have done in the past two weeks and what they expect to do in the next two weeks We also provide trended data for a number of our regular weekly questions on spending and shopping: Whether respondents are buying more or less of any retail categories as a result of the Covid-19 outbreak and, if so, which types of products Whether US shoppers are making more purchases online and, if so, which categories Whether respondents expect to retain behaviors from the coronavirus outbreak period over the long term—and if so, which behaviors The findings provide an update to our previous reports, which were based on surveys undertaken on July 15, July 8, July 1, June 24, June 17, June 10, June 3, May 27, May 20, May 13, May 6, April 29, April 22, April 15, April 8, April 1, March 25 and March 17–18. If you do not have a premium subscription, you can access select findings in a complimentary abridged report. In addition to this survey, click here to view additional coverage of the coronavirus outbreak. 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 ReportJune 2020 UK Retail Sales: Reopening of Nonessential Stores Drives Strong Recovery in Discretionary Sectors Coresight Research July 27, 2020 Reasons to ReadUK retail sales saw significant improvement in June and almost reach pre-lockdown levels following the reopening of nonessential stores and the release of pent-up consumer demand. We review the monthly data for UK retail in total and by sector: We chart the trend in total value and volume retail sales growth over the last 13 months. We show value sales growth for 20 sectors across food and nonfood retail, for each of the latest three months. We discuss growth in online retail sales, by major sector. 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. 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
Question of the WeekHow Much Do Consumers Spend on Small Electric Household Appliances in the US? Coresight Research July 27, 2020 QUESTION OF THE WEEK: How Much Do Consumers Spend on Small Electric Household Appliances in the US? US consumers spent $9.4 billion on small electric household appliances in 2019, up 5.3% year over year, according to the Bureau of Economic Analysis. Spending in this category grew at a CAGR of 5.6% between 2016 and 2019, and we estimate year-over-year growth of 3.8% in 2020, taking spending to $9.7 billion. This document was generated for
Analyst CornerWeinswig’s Weekly: July 26, 2020—Holiday 2020 Won‘t Be the Same, or Will It? Coresight Research July 26, 2020 Reasons to ReadIn 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 impact of the coronavirus crisis on the holiday season in the US this year. Each report also includes recent retail and technology headlines from Asia, Europe and the US. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2020, Week 30: Ascena Retail Files for Bankruptcy; Tailored Brands Plans To Close up to 500 Stores Coresight Research July 24, 2020 Reasons to ReadOur 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 Aldi, Amazon and Ascena Retail in the US, and Jigsaw, Johnson Shoes and Stella McCartney in the UK. 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. 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 ReportRetail Reimagined: Leveraging Social Media To Drive Consumer Engagement and Conversion Coresight Research July 23, 2020 Reasons to ReadIn 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 the ways in which consumers engage in retail, and marketing through social media has gained traction as retailers look to engage with consumers and provide seamless shopping experiences. In this report, we explore the following key topics: The importance of social media as a marketing channel for brands to showcase their products and drive conversion—particularly in the context of increased reliance on digital channels due to recent Covid-19 retail shutdowns The shoppability of social media platforms and its impact on purchasing behavior The power of social media influencers over consumers’ spending decisions, and the opportunity that this presents for brands Examples of innovative social media marketing amid the Covid-19 crisis—with highlights from Haus, Robert Mondavi, Lululemon and NIKE. Our expectations for the role of social media in retail in the future—and its implications for brands, retailers and technology vendors Click here to read the first report in our Retail Reimagined series, which explores the use of gamification to attract shoppers. Click here to read Coresight Research’s ongoing coverage of the coronavirus pandemic. 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 ReportREITs Becoming Retailers: Mall Owners Are Looking To Acquire Struggling Retailers Coresight Research July 23, 2020 Reasons to ReadAmid the rise of bankruptcies in the retail industry and increasing brick-and-mortar store closures due to the coronavirus pandemic, we discuss a selection of US retailers that are potentially facing acquisition by mall owners—and we analyze the strategy behind REITs becoming retailers. In doing so, we explore the following topics: How mall owners could benefit from acquiring retailers such as JCPenney Current acquisition talks and REIT joint ventures—including those involving Simon Property Group and Brookfield Property Partners Recent retail acquisitions by mall owners—including of Aéropostale and Forever 21 Implications for brands, retailers and real-estate firms Read our recent report on the US department-store sector for more information on the post-coronavirus retail outlook. 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 CoverageKey Insights from CEW’s State of the Beauty Industry Conference: Spectacular Retail and Self-Sufficiency Coresight Research July 23, 2020 Reasons to ReadGlobal beauty executives came together in July for the annual Cosmetic Executive Women (CEW) State of the Beauty Industry conference, which was hosted online for the first time. We present key insights from the presentations given by industry leaders during the event, covering the following topics: Beauty markets in the age of Covid-19 Spectacular retail—successful beauty retail strategies in China Consumer behavior shifts and category preferences Redefined perceptions of beauty wellness Outlooks for the future based on emerging consumer trends—such as self-sufficiency and decreased interest in cosmetics This document was generated for
Three Things You Need To Know: Coronavirus Insights—US Survey Update—Holiday Early Read with Consumers Expecting To Shop Early and Spend Less Coresight Research July 23, 2020 We present Three Things You Need To Know on Coronavirus Insights: US Survey Update—Holiday Early Read with Consumers Expecting To Shop Early and Spend Less. Find the full report here. This document was generated for
Insight ReportLivestreaming E-Commerce Takes Off in the US Coresight Research July 22, 2020 Reasons to ReadChina has a relatively mature livestreaming e-commerce market, but we are now also seeing momentum in the US as brands and retailers further explore the use of social media platforms to engage with consumers and boost sales. In this report, we discuss the following key topics: The market in China versus the US Selected retailers’ and social media platforms’ moves into livestreaming e-commerce in the US Livestreaming platforms in the US—including Amazon, Facebook, Instagram and TikTok In-video checkout functionality and its impact on purchasing conversion The power of social media influencers over consumer shopping behavior Multi-channel networks—proliferation in China and opportunity in the US We have explored livestreaming e-commerce in other recent reports, covering opportunities in the China market and the lessons that can be learned from beauty retail in China amid Covid-19. For more on the topic of social commerce, click here to read our findings from a 2019 Coresight Research survey of US social media shoppers. 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
