Store TrackerWeekly US and UK Store Openings and Closures Tracker 2020, Week 22: L Brands To Close Stores Coresight Research May 29, 2020 Reasons to ReadOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. We cover: 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 L Brands and The TJX Companies in the US. 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. 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
Three Things You Need To Know: Coronavirus Insights—US Survey Update—Consumers Remain Cautious and Selective Toward Post-Lockdown Activities Coresight Research May 28, 2020 We present Three Things You Need To Know on Coronavirus Insights: US Survey Update—Consumers Remain Cautious and Selective Toward Post-Lockdown Activities. Find the full report here. This document was generated for
Insight ReportBeauty Insights: The Future of Home Hair Color as Salons Reopen Coresight Research May 28, 2020 Reasons to ReadSalons are reopening across the US as coronavirus lockdowns are lifted. We assess the impacts of the Covid-19 lockdown and recovery on the home hair color product category and explore the possible future reality of the hair color sector over the next year. We discuss the influence of the following key consumer trends: Beauty services are a priority for US consumers post lockdown, according to a Coresight Research proprietary survey Home hair color product usage surged during lockdowns—with beauty brands reinventing content to engage with consumers online This report presents examples of digital content strategies by Madison Reed and L’Oréal—including virtual try-ons, tutorials and livestreaming. This report is part of our Beauty Insights series, which explores prominent or emerging themes and trends in the global beauty market. Click here to read about the lessons that can be learned from the livestreaming trend in 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
Deep DiveSocial Commerce Platforms: Diverse Opportunities for Brands and Retailers Coresight Research May 28, 2020 Reasons to ReadWe present the social commerce landscapes in China and the US, discussing major platforms across areas such as social media, livestreaming, group buying and e-commerce. This report highlights the broader scope of the Chinese market and the learnings that Western companies could take from China’s alternative social commerce models, as well as the opportunities for brands and retailers in the sector. This market research report considers the influence of the coronavirus pandemic in changing consumers’ social commerce habits. We also explore the following key content: Social media platforms with e-commerce functions in the US—including Facebook and Instagram Social media platforms with e-commerce functions in China—including Little Red Book and short-video apps Douyin and Kwai Group-buying platforms in the US and China—including Pinduoduo Supplier-to-business-to-consumer platforms in China—including Beidian Social media functionality on e-commerce platforms—including Amazon, Taobao and JD.com As part of this market overview, we outline the estimated growth of the social commerce sectors in China and the US over the next few years. 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 PresentationRetail Reimagined: New Retail Opportunities Coresight Research May 27, 2020 Executive Summary Current state of US retail Learnings from China’s experience Retail reimagined: new retail opportunities 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 CoverageOpen for Business with Brad Burgess, Global Affairs Executive: Digital and Supply Chain Strategies during a Crisis and Beyond Coresight Research May 27, 2020 Reasons to ReadPart of the Coresight Research & Blue Yonder Open for Business webinar series, we present the transcript from our conversation with Brad Burgess, Global Head of Corporate Affairs at JD.com, on April 29, 2020. As business leaders are managing their companies through the coronavirus crisis, we are working to stay engaged with, and facilitate an open dialogue for, companies of all sizes. This webinar offered insights into supply chain challenges and technological innovations in the context of the coronavirus pandemic and beyond. In addition to detailing the history and radical strategies that underpin JD.com’s success, Burgess discussed the following key topics: The challenges in the supply chain presented by the Covid-19 outbreak and how JD.com was well positioned to handle them—including its operations during each Chinese New Year holiday The technological innovations used to combat supply chain issues—including omnichannel fulfillment and drones Dynamics of the workforce during the pandemic In addition, we reviewed responses from webinar attendees to a live poll around supply chain pain points and demand forecasting. A Q&A session also prompted conversation around customer service, end-to-end logistics and east-to-west learnings. Burgess noted changes in Chinese consumer behavior and looked ahead to trends in a post-coronavirus environment, such as livestreaming. Click here to watch the video recording of this webinar. To register for future Coresight Conversations webinars, please click here. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Deep DiveUS Generations and Spending: The Future of Millennials’ Consumer Behavior, Influenced by Covid-19 Coresight Research May 27, 2020 Reasons to ReadIn this first report in our US Generations and Spending series, we focus on the buying behaviors of millennials, which have recently been altered by the coronavirus lockdown. We explore how these changes may impact millennials’ spending in the long term. This report covers the following key content: Product categories that US millennials have been buying more of during the coronavirus lockdown Ways in which millennial consumers expect to change their behavior after the outbreak ends The size of the millennial demographic in the US and its expected growth through 2030 Millennial households’ share of total US spending—and average expenditure on different retail categories We discuss the implications for retailers and the actions that they could take to adapt their assortment and selling strategies to reflect millennials’ changed spending behaviors moving forward. Click here to read Coresight Research’s coverage of the Covid-19 crisis, which includes weekly surveys on US consumers’ behaviors, concerns and expectations, with a focus on the implications for US 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
Insight Report2020 Tax Tracker, Week 16: Tax Filings Down, IRS Issues $258 Billion in Economic Impact Payments Coresight Research May 27, 2020 Reasons to ReadEach year, the IRS reports tax return filings and refunds on a weekly basis, starting at the end of January until the April 15 deadline. This year, the US Department of the Treasury extended the deadline to file (and more importantly, to pay) July 15. In this report, we look at what happened in the 16th week of the 2020 tax filing season, including: How the extended deadline has affected filings and refunds so far. The impact of the coronavirus shutdown on IRS operations. The current status of returns filed, processed and refunds issued. The total number and amount of Economic Impact Payments to date. Read the 2020 Tax Tracker for week 15 here. 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
Three Things You Need To Know: Inside the World of Amazon’s Private-Label Offering Coresight Research May 26, 2020 We present Three Things You Need To Know on Inside the World of Amazon’s Private-Label Offering. Find the full report here. This document was generated for
Flash ReportRetail 2020: 10 China E-Commerce Trends—Update, Shaped by Covid-19 Coresight Research May 26, 2020 Reasons to ReadWe update our 10 trends for China e-commerce for 2020 to incorporate five new trends that have emerged in the context of the coronavirus pandemic and consequent changes in Chinese consumer behavior. New e-commerce trends include community buying, off-price luxury and supply-chain transparency—adding to the previously identified trends that we believe will persist, such as the continuing growth of livestreaming and the increasing adoption of advanced technologies for logistics in retail. We discuss the implications for brands and retailers of the 10 e-commerce trends in China. This report is available for free and can be accessed by registering for a free account. Coresight Research is publishing ongoing coverage on the coronavirus outbreak, which can be accessed here. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Insight ReportNew Retail Briefing: Tmall Debuts a Luxury Discount Platform, Enabling Brands To Clear Inventory Coresight Research May 26, 2020 Reasons to ReadThis report is part of a monthly series in which we discuss developments in China under the banner of “New Retail.” We offer insights into recent news, with a focus on digitalization and strategic collaborations. This month, highlights include the new initiatives that brands and e-commerce platforms have launched to generate sales in the wake of the coronavirus pandemic—such as Tmall’s new luxury discount channel and Decathlon’s success on its Tmall Super Brand Day. Tencent has also set up its own mini program to capitalize on the group-buying trend in China’s lower-tier markets. Furthermore, Shanghai kicked off a new, two-month-long “55 (Double Five) Shopping Festival” to revive the economy post coronavirus lockdowns, which we discuss in a separate report. The appendix of this report details the last 12 months of New Retail developments in China. Click here to read the previous report in the New Retail Briefing series, which looked at retail firsts on e-commerce platform Tmall—specifically, the use of livestreaming for Shanghai Fashion Week and the launch of Huda Beauty’s flagship store. Click here to view Coresight Research’s ongoing 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 ReportApril 2020 UK Retail Sales: Huge Declines in Discretionary Sectors Conceal Meaningful Sales Retention through E-Commerce Coresight Research May 25, 2020 Reasons to ReadTotal UK retail sales further declined in April—as we predicted in our March monthly sales report—largely due to the enforced closure of nonessential retailers due to the coronavirus pandemic. However, deep declines conceal a meaningful retention of sales through e-commerce. 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, selected US retailers’ same-store sales 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
Insight ReportEarnings Insights 1Q20, Week 1: What US Retailers Are Reporting on the Coronavirus Impact and Outlook Coresight Research May 25, 2020 Reasons to ReadOur weekly Earnings Insights reports feature highlights from recent management commentary at major US retailers within our Coresight 100 coverage list, as they report first-quarter 2020 earnings. We condense what retail companies are reporting regarding the following key content, with a focus on the impact of the coronavirus crisis: Management commentary on demand trends in the first quarter and subsequent weeks (where reported)—including comparable sales growth, details on consumer demand by category or channel and qualitative insights Sales retention rates through e-commerce as nonfood retailers have been forced to temporarily close nonessential stores Details on early performance of reopened stores, where these have been provided The outlook for demand, as reflected in revenue guidance or more qualitative commentary on the shape or strength of demand—helping to build a picture of what US retail expects the recovery in consumer demand to look like This week, there are highlights from companies that reported in the weeks ended May 17 and May 24, including Best Buy, 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
Question of the WeekHow Has the Coronavirus Pandemic Impacted Chinese Tourists’ Travel Plans? Coresight Research May 25, 2020 QUESTION OF THE WEEK: How Has the Coronavirus Pandemic Impacted Chinese Tourists’ Travel Plans? In our April 2020 proprietary survey of Chinese tourists, around 87.2% of all respondents had canceled planned vacation trips due to the Covid-19 pandemic. Furthermore, 83.4% had changed their travel plans in other ways, of which 36.2% switched their trip destinations from international to domestic—representing a meaningful shift to domestic tourism. This document was generated for
Deep DiveCoronavirus Insights: US Survey Update—Consumers Remain Cautious and Selective Toward Post-Lockdown Activities (Full Report) Coresight Research May 25, 2020 Reasons to ReadCoresight Research’s May 20 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. We discuss a number of survey findings on expected behavior after lockdowns end, including: What consumers expect to do in the month after lockdowns end—such as shopping, dining out, grooming and socializing. Whether respondents expect to avoid public areas or travel once lockdowns end—and which types of places or travel they will avoid. How long consumers expect to avoid public places or travel for. When respondents expect their purchasing levels to return to normal. How long consumers expect the impacts of the Covid-19 crisis to last in the US. Whether respondents expect to retain behaviors from the coronavirus outbreak period—and if so, which behaviors and for how long. 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; we provide trended data for a number of categories such as apparel, beauty and furniture/home products. Whether US shoppers are making more purchases online during the coronavirus outbreak and, if so, which categories. We also asked respondents about their concerns surrounding job and income prospects. The findings provide an update to our previous reports, which were based on surveys undertaken on May 13, May 6, April 29, April 22, April 15, April 8, April 1, March 25 and March 17–18. We provide week-over-week comparisons for most metrics. 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
