Insight Report2020 Tax Tracker, Week 5: Tax Refunds Down Versus Last Year Coresight Research March 11, 2020 Reasons to ReadAs of week five of the US tax-refund season, volumes of refunds are returning to normal after a one-week aberration in which the number and value of refunds was down significantly over last. However, week-five statistics show a decline in the total value of tax refunds. We review the data published by the Internal Revenue Service. Meanwhile, a consumer survey revealed some interesting insights into taxpayer behavior and perceptions: Nearly 45% of those who hire a tax preparer only “glance” at the return. Around 16% sign without reviewing at all. Over half (54%) incorrectly believe the tax preparer is responsible for defending an audit. Almost 36% incorrectly believe tax preparers are responsible for additional payments in case of preparer errors. Millennials and Gen Zers are more likely than any other age group to file a paper return. 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 US Retail Traffic and In-Store Metrics: Traffic Decline Steepens as Coronavirus Fears Impact Shopper Behavior Coresight Research March 11, 2020 Reasons to ReadUS store traffic slid at its fastest rate in years since May 2019, accelerating sharply from the decline seen in January as coronavirus fears increasingly affected consumer behavior, mainly the desire to avoid crowded locations such as stores. This report looks at how coronavirus-affected shopping is manifesting, including: Retail traffic slid, but those who did venture out came with the intention to buy. Transaction volume also slid far more quickly than in January. The Northeast saw the sharpest decline in traffic, but the slowest decline in sales as people stocked up. 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 ReportInsights from China: How Brands Can Leverage Chinese Quora-Like Platform Zhihu Coresight Research March 10, 2020 Reasons to ReadZhihu is a Chinese online Q&A forum that has grown in popularity among well-educated consumers. The social platform has introduced enhanced features that can be leveraged by brands and retailers to drive brand awareness and consumer engagement. This report discusses the marketing opportunities that Zhihu offers to retailers: Official company accounts allow brands to initiate discussions around its services and products. Key opinion leaders can be engaged as product spokespeople. Livestreaming and article publication features enable brands such as Amazon to create comprehensive Zhihu marketing campaigns. Multiple advertising options mean that retailers can monetize content. 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 Briefing: China’s PMI Slumps as Disruption Continues in Supply Chain; International Demand Could Be the Next Challenge Coresight Research March 10, 2020 Reasons to ReadThe effects of the coronavirus outbreak on retail are being felt across the globe. With supply-chain disruption continuing, China’s PMI has slumped, with factory activity falling to an all-time low in February 2020. We consider the impact of the virus to China’s exports market going into the second quarter of the year. This report includes recent updates from retailers operating in China. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak. 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
Question of the WeekWhat New Retail Models Are Emerging in E-Commerce? Coresight Research March 9, 2020 QUESTION OF THE WEEK: What New Retail Models Are Emerging in E-Commerce? E-commerce platforms, particularly in China and the US, are developing new ways of retailing. Innovations include forming partnerships with video platforms and museums, launching creative initiatives such as shoppable fashion TV shows and leveraging consumer data to achieve more effective target marketing. This document was generated for
Insight ReportFebruary 2020 US Same-Store Sales: Costco Comp Growth Increases on the Back of Coronavirus Buying Coresight Research March 9, 2020 Reasons to ReadCoronavirus has landed in the US in a big way, not necessarily the number of cases but in terms of public perception, which is driving some dramatic changes in consumer behavior: Costco management said that coronavirus-related buying added three points to February same-store sales. Our monthly US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato. This report looks at February same-store sales for these three retailers: Costco’s same-store sales growth rate doubled in February over January, and online sales surged. Buckle, which carries a very different product line, did not grow as strongly. Cato’s same-store sales contracted. 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 ReportInternational Women’s Day 2020 Update: Brands Across the Globe Launch Marketing Campaigns To Celebrate and Capitalize On the Event Coresight Research March 9, 2020 Reasons to ReadInternational Women’s Day 2020 took place on March 8. We discuss how brands and retailers around the world used the event as an opportunity to tap into consumer awareness of women’s right campaigns and thus increase their exposure and sales potential. Strategies included the formation of partnerships between e-commerce platforms and apparel brands and the launch of women’s empowerement marketing campaigns. In addition, shopping malls in China turned to social media to engage with consumers online during the coronavirus outbreak. This report follows our International Women’s Day Preview, where we highlighted how retailers and e-commerce companies in China use the event as a shopping festival. 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 DiveRetail Innovators: Home-Furnishing Retailers Coresight Research March 9, 2020 Reasons to ReadThe Coresight Research Retail Innovators series examines how key players and startups are disrupting different retail sectors. In this report, we focus on three innovators in the home-furnishing market: DTC brand Burow, furniture rental startup Fernish and design platform Modsy. We discuss these relatively new industry players in the context of changing consumer preferences in the furniture sector, including increasing demand for convenience and a heightened emphasis on sustainability. We provide company profiles and consider the following key topics for each innovator, covering e-commerce and physical retail: How the company has disrupted the market Brick-and-mortar presence Landscape and tailwinds Impact on traditional players 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 8, 2020 Coresight Research March 8, 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 the latest fronts in the battle between Walmart and Amazon. 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 Sephora, Puig and Prada. 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 Report2020 Tax Tracker, Week 4: Tax Filings Set To Catch Up with Last Year Coresight Research March 6, 2020 Reasons to ReadAs of week four of the US tax refund season, volumes of refunds are returning to normal after a one-week aberration that saw a significant year-over-year decrease in the number of refunds issued as well as the total value of those refunds. This report looks at where we are as of week four in terms of refunds—and what that may mean for the rest of the season. We are seeing slow but steady growth in total refunds since 2015, as well as increasing number of taxpayers filing electronically. 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 10: Stage Stores To Close Stores; Ross To Open More Stores Coresight Research March 6, 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 Dick’s Sporting Goods, 7-Eleven and Stage Stores in the US and BrightHouse and McColl’s in the UK. We also discuss quarterly store openings/closures 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
Event CoverageHighlights from the AAFA Executive Summit 2020: Environmental Stewardship and Digital Transformation Coresight Research March 6, 2020 Reasons to ReadExecutives from apparel, footwear and fashion accessory brands and retailers such as Target came together for two days of discussion, seeking to tackle the issues facing their businesses. We present key insights from the AAFA Executive Summit 2020: Environmental stewardship involvessustainability and transparency. Retailers need to formally commit to sustainabilityand take action. Collaboratingwith others—even competitors—to share expertise can help jump-start result The early adoptionof technology could provide a competitive edge. 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
Three Things You Need To Know: What Beauty Retailers Can Learn from the Dynamic Retail Ecosystems of Asia Coresight Research March 5, 2020 We present Three Things You Need To Know on What Beauty Retailers Can Learn from the Dynamic Retail Ecosystems of Asia. Find the full report here. This document was generated for
Flash ReportCoronavirus Briefing: What Have China’s Shoppers Been Buying Online? Coresight Research March 5, 2020 Reasons to ReadThe coronavirus outbreak impacted consumer behavior in China over the Chinese New Year public holiday: People are staying in their homes and placing increased emphasis on personal hygiene and wellness. With e-commerce sales booming, we assess the best-selling products online across a number of retail sectors: grocery, home cleaning, personal care, medicine and electronics. This report includes recent store closures and updates from retailers operating in China. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak. 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
Market Navigators/Market OutlookMarket Overview: Apparel—Changing Consumer Attitudes Drive E-Commerce and Socially Engaged Business Coresight Research March 5, 2020 Reasons to Read Our Market Overview for apparel offers a data-rich analysis of the global clothing market, with more detailed metrics for the US, the UK and China. Data points included in this report include apparel market sizes for the US, the UK and China; e-commerce penetration rates for the US, the UK and China; market-share data for apparel brands and retailers; channels-of-distribution data; and, consumer-survey data showing where US shoppers buy clothing and footwear. In addition, our analysts offer their perspectives on the fashion market in 2020 and further ahead. For years we’ve watched as forces such as the rise of social media, the increasing importance of sustainability and the emergence of omnichannel shopping have shifted the apparel retail landscape. These trends are not new, but have reached a new stage of maturity. This report looks at the trends shaping clothing and footwear retail, including: The more digitally connected (and more digitally reliant) fashion consumer. The more socially and environmentally aware clothing shopper. The apparel consumer accustomed to being able to find any product at any time. 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
