Insight Report2020 Tax Tracker, Week 9: Tax Filings Slow Down, Average Refund Up $35 from Last Year Coresight Research April 8, 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 (of which the IRS is a part) announced the deadline to file (and more importantly, to pay) has been extended to July 15, but has closed assistance centers and suspended in-person tax assistance meetings. In this report, we look at what happened in the ninth 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. Read the 2020 Tax Tracker for week 8 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
Insight ReportUS Easter Retail Preview 2020: Retailers Must Offer Optimism and Seize the Few Opportunities amid Coronavirus Crisis Coresight Research April 8, 2020 Reasons to ReadWith Easter just around the corner, we assess the planned spending of US consumers on the holiday this year amid the coronavirus crisis. We consider the outlook for retail this Easter in light of current shopping trends. In this report, we look at how retailers could leverage key opportunities in the Easter period to positively engage with consumers to drive sales in the short term as well as increase brand perception for long-term gains. 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
Flash ReportGap Cancels Shipments of Summer Orders and Stops Fall Production due to the Coronavirus Pandemic: Retailers Prepare for the Long Haul Coresight Research April 8, 2020 Reasons to ReadFollowing the temporary closure of all of its stores from March 19, Gap Inc. is reportedly going to cancel shipments of summer order and halt fall production due to the impacts of the ongoing coronavirus pandemic. We outline the measures that the company is said to be taking, including furloughs of store workers. We also consider the wider disruption of the outbreak on retail supply chains and the retailers that have already announced vensor or customer order cancellations. See the Coresight Research Coronavirus Tracker for regularly updated details of announced temporary store closures or reduced opening hours by major US retailers in response to the pandemic. 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 ReportAI in Retail: Accelerating Digital Transformation Coresight Research April 7, 2020 Reasons to ReadThis report, part of our AI in Retail series, discusses the growing adoption of AI technologies, covering the following topics: Total funding raised globally by AI startups over the past four years Examples of AI technology applications in brick-and-mortar retail Recent developments in AI in the context of the current coronavirus pandemic Click here to view more of our reports on AI in 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
Deep DiveNew Retail Models in the Global Beauty Market Coresight Research April 7, 2020 Reasons to ReadThis is the second report of a series in which we explore new models of retailing across different sectors and channels. In this report, we focus on the innovative capabilities being developed by beauty retailers and brands, with highlights from major players Sephora and Ulta Beauty, among others. In the global beauty market, retailers and brands are: Using technologies to enhance the customer experience—including livestreaming functions, virtual try-ons and digital storefronts. Offering extended features to better serve customers—such as save-a-sale programs and alternative payment options. Embracing cross-channel retail to drive shopper engagement. Using consumer data to target consumers and forming partnerships to diversify offerings. Launching social media video marketing strategies and adopting social commerce to increase brand awareness. Click here to read the first report in the series, which explores new retail models in e-commerce. 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: Beauty Activism Represents the Next Wave of Brand Differentiation Coresight Research April 7, 2020 We present Three Things You Need To Know on Beauty Activism Represents the Next Wave of Brand Differentiation. Find the full report here. This document was generated for
Question of the WeekHow Worried Are US Consumers about the Coronavirus Outbreak? Coresight Research April 6, 2020 QUESTION OF THE WEEK: How Worried Are US Consumers about the Coronavirus Outbreak? Over half of US consumers (52.6%) are now extremely concerned about the coronavirus outbreak, up 6.9 percentage points from last week. A total of 89% of respondents are now either somewhat or extremely concerned about the coronavirus, up from 85% a week earlier. This document was generated for
Insight ReportCoronavirus Insights: Learnings from NIKE’s and Lululemon’s China Experiences Coresight Research April 6, 2020 Reasons to ReadWith China embracing signs of recovery from the coronavirus crisis, we look at the lessons that NIKE and Lululemon have learned from their experiences in the country. We consider how the two athletic apparel companies might use this knowledge to inform their approaches to other markets being affected by the pandemic. At the end of March 2020, both NIKE and Lululemon reported favorable earnings amidst the coronavirus outbreak. We discuss coronavirus-related highlights from the companies’ reports, covering the following key content: NIKE’s four-phase coronavirus playbook and Lululemon’s two-workstream approach The use of digital channels—such as activity apps and social media—to engage with consumers and encourage them to stay active The growth of e-commerce through digital marketing Product innovation and creativity in new product launches How NIKE and Lululemon have maintained positions of strength through the coronavirus crisis 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
Deep DiveUS Social Commerce Survey: How Consumers Use Social Media for Shopping—Overview Coresight Research April 6, 2020 Reasons to ReadThis is the final report of a four-part series that explores the use of social media by US shoppers. Based on data from a Coresight Research proprietary survey, we provide an overview of our key insights across the following topics: The most popular social media platforms for researching, discovering and buying products across multiple categories The categories most shopped on social media Discretionary spending by US social media shoppers The impact of social media influencers on shopping behavior The abandoning of purchases due to a lack of platform functionality The sharing of content by social media shoppers after they make a purchase Implications for brands Read more about the impact of social media on shopping behavior and US consumers’ use of Instagram in the shopping journey. 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
Analyst CornerWeinswig’s Weekly—April 5, 2020 Coresight Research April 5, 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” looks at how US retail sales could shape up during and after the coronavirus crisis. Each report also includes recent retail and technology headlines from Asia, Europe, Latin America and the US. 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
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2020, Week 14: GameStop Announces Store Closures Coresight Research April 3, 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 Fairway Market, GameStop and Shoe Carnival in the US and BrightHouse and Jack Wills 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. See the Coresight Research Coronavirus Tracker for regularly updated details of announced temporary store closures or reduced opening hours by major US retailers. 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 ReportCoronavirus Insights: US Survey Update—Shoppers Cut Back Further, with Apparel Bearing the Brunt (Select Findings) Coresight Research April 3, 2020 Reasons to ReadThis report provides select findings from Coresight Research’s April 1 survey of US consumers on the coronavirus crisis. We asked respondents about the impact of the pandemic on their behaviors and their expectations. This report is available for free and can be accessed by registering for a free account. This report features extracts from our full survey, including: How concerned respondents are about the coronavirus outbreak. Whether consumers are increasing or decreasing their spending in certain categories. The challenges facing the US apparel market from shopper cutbacks. The impact, or expected impact, on respondents’ jobs and incomes. Our full report is available to premium subscribers and provides additional survey findings including: How concerned US consumers are about the coronavirus outbreak, what they are worried about, and how long they think the severe impacts of the outbreak will last. Whether shoppers 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 consumers expect to make more purchases online during the coronavirus outbreak and, if so, which categories. Respondents’ concerns about jobs and incomes. What proportion of US consumers are now avoiding public places or travel, and what kind of places they are avoiding. Whether respondents expect to retain changed behaviors even after the COVID-19 outbreak ends and, if so, which. Our latest research provides an update to our previous reports, which were based on surveys undertaken on March 25 and March 17–18. We provide week-over-week comparisons for many metrics. In addition to this survey, 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
Deep DiveCoronavirus Insights: US Survey Update—Shoppers Cut Back Further, with Apparel Bearing the Brunt (Full Report) Coresight Research April 3, 2020 Reasons to ReadCoresight Research’s latest survey on the coronavirus crisis provides a detailed update on US consumers’ behaviors, concerns and expectations. Among the subjects we surveyed consumers on are: How concerned they are about the coronavirus outbreak, what they are worried about, and how long they think the severe impacts of the outbreak will last. Whether they 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 they are making more purchases online during the coronavirus outbreak and, if so, which categories. Their concerns about job and income prospects. Whether they are avoiding public spaces or travel and the types of places there are avoiding. Whether they expect to retain changed behaviors even after the COVID-19 outbreak ends and, if so, which. The research for this report was undertaken on April 1, and the findings provide an update to our previous report, which was based on surveys undertaken on 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
Deep Dive4Q19 US Retail Inventory Tracker: Higher Inventory Turnover Due to Solid Holiday Sales and Disciplined Approaches Coresight Research April 2, 2020 Reasons to ReadIn our quarterly US Retail Inventory Tracker reports, we analyze inventory trends among those US retailers listed in the Coresight 100. We look at the inventory levels of various retailers in 4Q19 and assess why levels may have changed from the year-ago period, across the following sectors: Apparel specialty retail—including Ascena Retail and Burlington Stores Department stores—including JCPenney, Kohl’s and Macy’s Food, drug and mass retail—including Target and Walmart Home and home-improvement retail—including Home Depot and Lowe’s Luxury retail—including Ralph Lauren and Tapestry Beauty retail—Ulta Beauty While we note some positive trends in this report, we make the obvious caution that the quarter under review will be no guide to 2020 due to the impacts of the global 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 ReportCoronavirus Insights: China Embraces Signs of Recovery Coresight Research April 2, 2020 Reasons to ReadSince the coronavirus broke out in Wuhan in January, China has implemented unprecedented measures to control the spread of the virus. The nationwide lockdown looks to have been a success—we discuss signs that indicate the country is now on the road to recovery: Resuming business operations and employees returning to work The reopening of stores in mainland China, following temporary closures by many multinational companies, including NIKE and Starbucks The release of pent-up demand in shopping malls We consider the implications of the pandemic and recovery for brands, as well as what the “new normal” might look like for China’s residents and businesses as the nation looks to move on from the coronavirus. 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
