Deep DivePinduoduo: What’s Driving Growth for China’s Group-Buying Platform Coresight Research April 1, 2020 Reasons to ReadPinduoduo launched in 2015 and is now the fastest-growing e-commerce platform in China. Pinduoduo’s GMV surged sixfold from 2017 to 2019, dramatically faster than (still robust) 52% growth on Alibaba’s Tmall and Taobao platforms and JD.com’s 61% growth during the same time period. This report looks at how Pinduoduo has moved so quickly to take on the established market leaders, including: Strategies to tap into faster growth in China’s lower-tier cities. How the upstart has overtaken Alibaba and JD.com in GMV growth. How Pinduoduo uses its partnership with WeChat. Tactics to leverage B2C and gamification to attract and engage consumers. 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 8: Average Refund Size Increases Slightly Over Last Year Coresight Research April 1, 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 eighth 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 and online traffic to its site. The current statusof returns filed, processed and refunds issued. 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 ReportAR and VR Technologies in Retail: New Applications in a Coronavirus World Coresight Research April 1, 2020 Reasons to ReadThe global coronavirus outbreak is causing supply chain disruptions and widespread home quarantines, which have implications for the augmented and virtual reality technologies market. We consider the impacts of the pandemic on supply and demand, as well as the potential boost it may provide in commercial adoption. We discuss the growth of the global AR and VR market and expected spending in 2020. In addition to employee training and customer engagement, we offer examples of further applications of AR and VR technologies in retail, including the following: AR mobile gaming, which drives traffic in physical stores In-app purchasing functionality VR stores and showrooms in the fashion sector VR headsets for consumers Read more in our deep dive into the use of reality technologies in the home sector: Can AR and VR Be Game Changers in Furniture 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
Three Things You Need To Know: Amazon India and Flipkart—Head to Head Coresight Research March 31, 2020 We present Three Things You Need To Know on Amazon India and Flipkart: Head to Head. Find the full report here. This document was generated for
Deep DiveCoronavirus Insights: A Look Back To Look Ahead—The Great Recession of 2007–2009 and Today Coresight Research March 31, 2020 Reasons to ReadThis report looks back at the Great Recession of 2007–2009, to apply learnings from the sales performance of the US retail industry to the current coronavirus situation. We offer insights into US shopping behavior today and consider consumer confidence during the 2007–2009 recession. We discuss the impact of the Great Recession on US retail sales and its implications for how the retail industry will fare the coronavirus pandemic. We break down our analysis according to the following sectors: Department stores—including JCPenney, Kohl’s and Macy’s Clothing and accessories—including American Eagle Outfitters and Gap Inc Mass merchandising—including Costco, Target and Walmart Home furnishing and appliances—including Best Buy and Home Depot 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: Where Social Media Users Shop and How Much They Spend Coresight Research March 31, 2020 Reasons to ReadThis is the third 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 discuss where consumers shop, away from social media, as well as their monthly spending behaviors. 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
Question of the WeekHow Long Do US Consumers Expect the Coronavirus Crisis To Last? Coresight Research March 30, 2020 QUESTION OF THE WEEK: How Long Do US Consumers Expect the Coronavirus Crisis To Last? When we surveyed US consumers on March 25, the majority of respondents (almost 64%) said that they expect the severe impact of the coronavirus outbreak to last between one and four months. However, the total proportion that expects the crisis to last three months or more stood at 56% on March 25 versus 52% one week earlier. This document was generated for
Insight ReportFebruary 2020 Monthly Consumer Update: US, UK and China Coresight Research March 30, 2020 Reasons to ReadCoronavirus was the overarching theme across all consumer spending numbers in this month’s report as the outbreak spread across the globe, disrupting consumer behavior (and hammering retail) as it went. This report looks at: How retail in China fared amid the outbreak, and what that may mean for the West. What drove a surge in US retail, including some odd sector changes. Shifts in the UK economy. 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 ReportEast-to-West Learnings: How Grocery Retailers in China Have Addressed Labor Shortages During the Coronavirus Crisis Coresight Research March 30, 2020 Reasons to ReadThe first report in our East-to-West Learnings series looks at the labor imbalance in China that has been caused by the coronavirus pandemic. We discuss how supermarket chains and grocery retailers are responding to the impact on their workforce by launching co-employment initiatives with restaurant chains, using examples from Alibaba’s Freshippo and JD.com’s 7Fresh brands. We consider how retailers in the US could learn from China’s new employment models as the coronavirus situation worsens in the West. 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 ReportFebruary 2020 UK Retail Sales: The Calm Before the Storm Coresight Research March 30, 2020 Reasons to ReadFebruary was soft for UK retail sales, but the month is unlikely to be indicative of current and future trends given the widespread shutdown of UK industry and a national lockdown in March. This report looks at: What drove UK retail sales growth in February. How small retailers fueled growth. Grocery sector growth—and what we expect to report for March. How clothing stores fared, and what we expect to report for March. 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
Analyst CornerWeinswig’s Weekly—March 29, 2020 Coresight Research March 29, 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 what major retailers are doing to mitigate the impact of the coronavirus outbreak. Each report also includes the following content: Recent retail and technology headlines from Asia, Europe, Latin America and the US—this week’s highlights include Dollar General, Morrisons and JD.com. Macroeconomic updates for Asia, Europe, Latin America and the US. An earnings calendar for Coresight 100 companies. A calendar of upcoming retail events. 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 ReportCoronavirus Insights: US Grocery Retail Poised for a Double-Digit Upswing, with Much Stronger Growth Online Coresight Research March 27, 2020 Reasons to ReadWith restaurants and coffee shops closed across the US, billions of dollars in food spend is set to migrate to grocery retailers. We are also seeing surging demand for online grocery. This report profiles: How much food and beverage spending will move from food-services to food retailers such as supermarkets, including dollar estimates and as a proportion of food retail sales. The latest proprietary Coresight Research consumer survey data for online grocery shopping. Our recommendations to US food retailers faced with surging demand online and in stores. 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
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2020, Week 13: RTW Retailwinds Announces Store Closures Coresight Research March 27, 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 Five Below, Ollie’s Bargain Outlet and RTW Retailwinds in the US and Frasers Group and Laura Ashley in the UK. We also discuss quarterly store opening and closure settlements following the release of quarterly company filings this week. This report considers the impact of the coronavirus pandemic on the store portfolios of retailers in the US and 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
Flash ReportCoronavirus Insights: US Survey Update—Shopper Worries Increase, Prompting More To Cut Retail Spending (Select Findings) Coresight Research March 27, 2020 Reasons to ReadThis report provides select findings from Coresight Research’s latest survey on the coronavirus crisis. We asked US consumers 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 of our full survey, including: How concerned respondents are about the coronavirus outbreak. The impact, or expected impact, on respondents’ jobs and incomes. Whether consumers are making cutbacks in retail spending. What proportion of consumers are avoiding public places or travel, and which types of places they are avoiding. 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. Respondents’ concerns about job and income prospects. · Whether respondents are avoiding public spaces or travel, and the types of places they are avoiding. 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. Whether respondents expect to retain changed behaviors even after the COVID-19 outbreak ends and, if so, which. Whether US consumers think stores should be forced to close, and whether they are concerned about healthcare availability. Our latest research provides an update to our previous report, which was based on a survey undertaken one week earlier. We provide week-over-week comparisons on most 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
Insight ReportCoronavirus Insights: US Survey Update—Shopper Worries Increase, Prompting More To Cut Retail Spending (Full Report) Coresight Research March 27, 2020 Reasons to ReadCoresight Research’s latest survey on the coronavirus crisis asked US consumers about the impact of the pandemic on their behaviors and their 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. Their concerns about job and income prospects. Whether they are avoiding public spaces or travel, and the types of places they are avoiding. 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 expect to make more purchases online during the coronavirus outbreak and, if so, which categories. Whether they expect to retain changed behaviors even after the COVID-19 outbreak ends and, if so, which. Whether they think stores should be forced to close, and whether they are concerned about healthcare availability. The research for this report was undertaken on March 25, and the findings provide an update to our previous report, which was based on a survey undertaken one week earlier, on March 17–18. We provide week-over-week comparisons on most metrics. Our most recent findings suggest US consumers are increasingly worried, are expecting disruption over many months and a growing number are cutting discretionary purchases. If you do not have a premium subscription, you can access select findings in a complementary 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
