Reasons to Read

Coresight Research’s May 13 survey provides a detailed update on US consumer 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 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.

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Reasons to Read

This report provides select findings from Coresight Research’s May 13 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:

  • What activities consumers most expect to do once lockdowns end.
  • Whether consumers expect to avoid public places or change travel arrangements once the coronavirus lockdowns are eased and businesses reopen—we look at week-over-week changes.
  • US shoppers’ expectations of the length of the outbreak’s impact on everyday life in the US—we show the trend over the past nine weeks.

Our full report is available to premium subscribers and includes further findings:

  • The types of places respondents expect to avoid after lockdowns end, and how long consumers expect to retain avoidance behaviors for.
  • When respondents expect their spending levels to return to normal.
  • Whether respondents expect to retain behaviors from the coronacirus outbreak period—and if so, which behaviors.
  • How long consumers expect the impacts of the Covid-19 crisis to last in the US.
  • 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.
  • We also asked respondents how worried they were about the outbreak and about their concerns surrounding job and income prospects.

Our latest research provides an update to our previous reports, which were based on surveys undertaken on 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.

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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, selected US retailers’ same-store sales and key global consumer indicators. Click here to view our full collection of Monthly Reports.

Highlights from our April 2020 US Retail Sales Report:

With nonessential retail shut down for the full month of April due to the coronavirus, US retail sales nosedived in discretionary sectors, following deep declines in March. Lower levels of food stockpiling by consumers also saw growth slow in the grocery sector.

Using data from the US Census Bureau, this report looks at which retail sectors saw sales surge and which did not do well in April 2020.

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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” looks at a number of recent data points on European discretionary retail sales, with a focus on apparel.

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

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Reasons to Read

As some US states begin to reopen businesses and lift stay-at-home orders, the need for increased testing has become a focal point to slow the spread of the coronavirus. We discuss how the concept of drive-thru testing is undergoing mass expansion across the nation, due to the efforts of drugstore chains and pharmacy retailers.

This report highlights the setup of drive-thru testing locations by CVS, Kroger, Walgreens and Walmart, outlining their plans to increase testing capacity across additional locations in the coming month.

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

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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:

  • 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 GNC, Loves Furniture and Stage Stores in the US 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 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

Coronavirus-related lockdowns have impacted consumption behavior around the world. As China emerges from the crisis, there are three areas of altered consumer behavior that we expect to impact future spending patterns.

We discuss the following key insights and what they mean for brands and retailers:

  • Consumers are saving money and adopting a rational spending mindset.
  • Consumers will expect more omnichannel experiences following the migration of activities online during lockdown.
  • Stocking up and group buying may continue to be trends going forwards.

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

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

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Reasons to Read

The Coresight Research Legends in Retail webinar series features real-time conversations with industry leaders. We present the transcript from our conversation with retail legend and business turnaround specialist Michael Appel on March 27, 2020. This webinar highlighted the importance of having a sound retail/consumer goods business model: Appel shared his five-pronged strategy for how retailers can survive the current coronavirus crisis and look ahead to the future—with emphasis on the key pillars of technology and liquidity.

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

We explore the use of radio-frequency identification (RFID) systems in retail, with applications of this 70-year-old technology still expanding due to recent innovations.

This report highlights key developments in the following areas:

  • Extension of product categories using RFID—through microwave-safe tags
  • Loss prevention and frictionless returns
  • Predictive analytics and real-time insights into merchandise availability
  • Data analytics and inventory tracking

We also discuss a major initiative in Japan, through which convenience-store retailers such as 7-Eleven and FamilyMart have committed to introducing RFID tags across their entire inventory portfolio.

Click here to read more about RFID and NFC technology in retail.

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We present Three Things You Need To Know on Coronavirus Insights: US Survey Update—Hints of Return to Retail, but Shoppers Expect Long-Term Impacts through the Holiday Season. Find the full report here.

Reasons to Read

On May 13, 2020, Coresight Research presented

 

  • Evolution of China retail business models during lockdown
  • What’s changed in China
  • China consumer survey data insights
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Reasons to Read

The 2020 coronavirus pandemic has seen governments across the globe impose lockdowns and restrictions to curb the spread of the virus and protect their citizens, and India is no exception. We discuss the wide-ranging impacts of the ongoing lockdown on India’s retail sector and explore how retailers have responded to the crisis.

This report covers the following key topics:

  • Total number of coronavirus cases and deaths in India to date
  • The retailer sector’s share of GDP and employment in India—and retailers’ expectations for recovery from the coronavirus lockdown
  • How India’s retail sector has adapted during lockdown—including strategic partnerships and delivery services in the grocery sector, as well as consumer-engagement efforts by nonfood retailers
  • Challenges that lie ahead on the road to recovery—such as inefficiencies in supply chains and shopper caution

We present our recommended approach for retailers to survive the post-coronavirus reocovery period and emerge stronger, which comprises three actions:

  • Examining costs
  • Redesigning physical spaces
  • Refocusing resources to digital commerce

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

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Reasons to Read

Each 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 14th 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 13 here.

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We present Three Things You Need To Know on US Online Grocery Survey 2020: Many More Shoppers Buying More Categories from More Retailers. Find the full report here.

Reasons to Read

Target is set to acquire technology from delivery services provider Deliv in May 2020. This report includes the following content:

  • An outline of Deliv’s capabilities and the benefits that its technology will offer Target
  • A discussion of Target’s previous acquisitions in the delivery space—such as Shipt

A full timeline of Target’s key events is available here.

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