Reasons to Read

Total UK retail sales saw accelerated growth in January 2020 versus December 2019, fueled by online retailers and small chains. Large retailers, on the other hand, saw growth slow.

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 the 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.

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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 At Home and Pier 1 Imports in the US and Beales and Marks & Spencer in the 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.

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Reasons to Read

With the number of cases of coronavirus continuing to rise, we assess the potential impact of the outbreak on global beauty companies that have a presence in China—focusing on Estée Lauder, L’Oréal, LVMH (Sephora) and Shiseido.

We consider the following key topics:

  • The importance of Chinese consumers for selected global beauty companies
  • The impact of the coronavirus on physical store locations and online operations
  • The detrimental effect of the outbreak on the beauty travel retail segment in the near term
  • The potential overall impact of the coronavirus for selected global beauty companies

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

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Reasons to Read

Salesforce was founded in 1999 in Marc Benioff’s apartment in San Francisco, along with co-founders Parker Harris, Dave Moellenhoff and Frank Dominguez. Benioff, who was a rising star at Oracle, left the company to pursue a new business concept: providing software as a service (SaaS) hosted on the Internet. In 2014, Salesforce raised over $125 million in an IPO, and in FY2020 is expected to report revenues of $1.8 billion.

This report looks at Salesforce’s meteoric rise, including how the company:

  • Holds an estimated 15% share of an addressable market worth $12 billion.
  • Successfully competes against large global players such as Microsoft, Oracle and SAP.
  • Has grown to hold more than three times the market share of its nearest competitor.
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We present Three Things You Need To Know on Cannabis Insights: The CBD Consumer. Find the full report here.

Reasons to Read

Factories in China have been operating at partial capacity due to the coronavirus outbreak, impacting on supply chains globally. With the duration of the outbreak still uncertain, we consider the potential short- and long-term effects of labor shortages and transportation restrictions on the apparel and smartphone market segments in particular.

We discuss China’s dominant role in the global exports market and the actions that brand owners and retailers could take to minimize their reliance on production in China—and therefore reduce future risk associated with events such as 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

Each year, the IRS reports tax return filings and refunds on a weekly basis, starting from the end of January until the April 15 deadline. In this report, we look at what happened in the first week of the 2020 tax filing season.

  • The IRS is processing returns more quickly, although returns are also coming in more slowly
  • Average refunds are slightly higher than last year
  • The prospects for refunds to stimulate consumer spending look weak: The majority of recipients plan to either save the money or use it to pay down debt
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Reasons to Read

Our Consumer Tech Briefing series discusses recent developments in the world of technology.

This month, highlights include Pinterest’s launch of its shoppable virtual makeup feature, the introduction of augmented reality into the John Lewis app and the opening of a tech-enabled concept store by home-furnishings company Crate and Barrel.

Read about artificial intelligence-driven products and parallel reality in the previous Consumer Tech Briefing report.

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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 January 2020 Retail Traffic report:

January 2020 saw US retail traffic continue its losing streak, declining (albeit more slowly) for the third straight month. However, the rate of decline is slowing: Not good news, just less-bad news. And, shopper yield has also been on the rise: So while fewer people make the trek to a physical store, they spend more when they do.

This report shows:

  • All regions posted traffic declines in January, although the South experienced the largest drop while the Midwest reported the slowest.
  • The Northeast and West reported modest sales increase.
  • Weather in these locations likely influenced shopper inclination to venture out.
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Reasons to Read

On February 14, 2020, Delta Air Lines announced that it will commit $1 billion over the next decade to reduce its impact on the environment. We outline the airline’s three-part plan to becoming the first carbon-netural airline, which includes using sustainable fuels and working in coalition with key stakeholders.

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QUESTION OF THE WEEK: How Much Do Chinese Consumers Contribute to the Global Luxury Goods Market? 

Chinese consumers accounted for 35% of total worldwide sales of personal luxury goods in 2019, up from 33% in 2018; Bain forecasts this share to reach 46% in 2025. Using Bain data, Coresight Research estimates that 70% of the total luxury spend by Chinese consumers in 2019 was outside of China.

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 January 2020 US Retail Sales Report:

We analyze the latest monthly retail sales data from the US Census Bureau. Total retail sales grew year over year in January—but far more slowly than in December. Calendar shifts pushed Black Friday and Cyber Monday six days later than in 2018, contributing to December’s strong year-over-year growth.

  • Nonstore retailers grew sales significantly in December 2019; that growth slowed but remained healthy in January.
  • Department store sales fell again in January, although not as steeply as in December.
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Reasons to Read

The Xcel Brands x Coresight Research Monthly Fashion Trend Report highlights fashion trends with accelerated and steady growth. First, the team analyzes search patterns, looking for growth in specific areas this year compared to last year, then searches pattern growth over the prior three months. Then, the team analyzes total search volume compared to the prior month. The result is an earlier emerging trend prediction, providing information on sustained and accelerated fashion trend growth.

The Monthly Fashion Trend Report shows:

  • The top growing and accelerating fashion silhouettes and print trends.
  • What consumers are searching for in dresses, tops, pants and sweaters.
  • Which fashion trends are accelerating, which are steadily growing—and which are slowing.
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Reasons to Read

We assess China’s e-commerce landscape, which has evolved over the years to become more diverse, encompassing various verticals, cross-border commerce and social media. Exploring this increasingly congested landscape, we discuss the following key topics:

  • The different types of platforms and the major players in each category
  • The ways in which Chinese platforms—such as Alibaba and JD.com—are looking to drive traffic and better serve consumers, including by introducing livestreaming and embracing group buying
  • The opportunities in the China market that e-commerce platforms are offering brands and retailers

To read more about this innovative and expanding market, see Coresight Research’s 10 trends for China e-commerce in 2020 here.

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Reasons to Read

The Xcel Brands x Coresight Research Monthly Fashion Trend Report highlights fashion trends with accelerated and steady growth. First, the team analyzes search patterns, looking for growth in specific areas this year compared to last year, then searches pattern growth over the prior three months. Then, the team analyzes total search volume compared to the prior month. The result is an earlier emerging trend prediction, providing information on sustained and accelerated fashion trend growth.

The Monthly Fashion Trend Report shows: 

  • The top growing and accelerating fashion silhouettes and print trends. 
  • What consumers are searching for in dresses, tops, pants and sweaters.  
  • Which fashion trends are accelerating, which are steadily growing—and which are slowing. 
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