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 looks at whether this year could be the tipping point for sustainability in fashion.

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

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Reasons to Read

With the Chinese government advising people to stay indoors and avoid public places, the coronavirus outbreak is driving four key retail trends in China as retailers look to provide alternative access to their products for consumers.

We discuss the rise in popularity of fresh-produce vending machines and the introduction of innovative logistics and delivery methods, including drones. We also consider moves by supermarkets to take on staff from the restaurant and entertainment sectors, which have had their operations suspended.

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

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Reasons to Read

In the US, Valentine’s Day 2020 is set to break records for spending, with consumers buying up flowers, chocolates, cards and meals. But how sustainable is Valentine’s Day?

  • Starting the month before Valentine’s Day, hundreds of rose-laden cargo planes fly from Colombia and Ecuador burning over 25 million gallons of fuel.
  • Turning cocoa into chocolate uses 4,500 liters of water per pound of chocolate.
  • US Consumers will spend $1.3 billion on greeting cards—most not made from recycled paper nor supplied from sustainable forests.
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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 Skechers and Under Armour in the US and Beales 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

Google Cloud’s $2.6 billion acquisition of analytics company Looker is the latest move by the company to expand the capabilities of its fast-growing cloud business to offer clients more cloud-based, innovative business solutions.

This deal adds a number of key capabilities to the company’s portfolio and strengthens its position in the market, including:

  • Adding business intelligence and data-visualization capabilities
  • Enhancing its ability to compete with AWS and Microsoft

The acquisition underscores the importance of business intelligence and data visualization for enterprises and retailers.

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We present Three Things You Need To Know on Amazon Apparel Update: An Analysis of Listings on Amazon Fashion. Find the full report here.

Reasons to Read

With the coronavirus on the verge of becoming a pandemic, we compare its outbreak to the swine flu pandemic of 2009, to assess the potential threat it could pose to the global economy.

We include the following key content:

  • A comparison of the coronavirus and swine flu, including symptoms, number of cases, government actions and economic impact
  • A timeline of the swine flu pandemic from its outbreak in 2009, considering the measures taken by governments
  • A discussion of the impact of swine flu on the global economy, and how the coronavirus could compare

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

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Reasons to Read

The Coresight Research team participated in Tmall Global’s webinar on February 12 to learn more about the Alibaba ecosystem and how Western companies can leverage the platform as a springboard to entering the China market. 

This report highlights the opportunities for global brands in the China market, Tmall Global’s consumer demographics and livestreaming as a fast-growing e-commerce trend. We offer examples from North America of brands that are effectively leveraging Tmall Global to access the China market 

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Reasons to Read

The 4-5-4 US retail calendar is a guide to the fiscal year ending January 30, 2021. The calendar is used by many US retailers; it ensures comparability between years by dividing the year into months based on a ‘4 weeks–5 weeks–4 weeks’ format. We note major holidays and calendar events within each week across the year and compare when these fall compared to 2019–20.

Click here to view the 4-5-4 US retail calendar, 2019 vs. 2018.

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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.

  • Filings are slightly down from this time last year
  • Average refunds are slightly higher than last year
  • The IRS rolled out some new features, including a question (and accompanying form) about cyber currencies—and a form just for the over 65
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Reasons to Read

With the ongoing coronavirus outbreak showing no signs (yet) of slowing, Chinese outbound tourism has evaporated. The Chinese government has placed its own restrictions, as have others barring entry from China.

This is how global luxury has responded:

  • Most have closed stores in China
  • Most have experienced a drop in overall business
  • All rely on Chinese consumers—especially tourists—for meaningful portions of their revenues

This report looks at the impact on luxury, and how brands and retailers are responding.

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

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Reasons to Read

Simon Property Group’s $3.6 billion acquisition of 80% of Taubman Realty represents a vote of confidence in the sector: At $52.50 per share in cash, the deal represents a 51% premium to Taubman’s closing price on February 7.

This report looks at the value Taubman brings to Simon’s portfolio.

  • Taubman is engaged in ownership, management and/or leasing of 26 super-regional shopping centers in the US and Asia.
  • Chairman, President and CEO Robert Taubman will stay on.
  • Simon expects the deal to improve Taubman’s ability to invest in innovative retail.

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Reasons to Read

With Thanksgiving coming late in 2019, we saw the shortest possible number of shopping days before Christmas. Retailers saw shifts in normal November and December patterns which have spilled into January in the form of tough prior month comparisons:

  • Cyber Monday was pushed into December, and took most of its online sales with it.
  • Costco, Buckle and Cato all continued to do well in January.
  • Growth rates were moderated by an exceptional December, but all three retailers continued to do well.

This report looks at January same-store sales and what it means for these three retailers.

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.

Our monthly US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato.

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Reasons to Read

In the furniture sector, e-commerce continues to grow rapidly as cross-channel shopping trends evolve. The shopping journey is therefore becoming more complex, and retailers are being forced to rethink how they engage with customers. We explore how major players in the home furnishing market are investing in omnichannel transformation:

  • Traditional retailers—such as IKEA, Home Depot and Williams-Sonoma—are enhancing their digital capabilities and launching alternative store formats.
  • Digital-first retailers are betting on omnichannel for growth.
  • RH is bucking the trend by focusing on its brick-and-mortar presence.

We also discuss the challenges of omnichannel implementation, including technological infrastructure, data synchronization and channel conflicts.

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Reasons to Read

The Coresight Research team heard many insightful ideas at the Fashinnovation conference in New York City on February 5. The event brought together thought leaders from all parts of the industry to discuss the latest trends in fashion innovation. 

This report looks at: 

  • How consumers are increasingly making purchase decisions based on their perceptions of a brand’s level of corporate social responsibility 
  • What brands can do to meet rising consumer expectations 
  • How even luxury shoppers are increasingly considering the impact of their purchases 

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