Flash ReportCoronavirus Briefing: Assessing the Impact on the Global Luxury Market Coresight Research February 12, 2020 Reasons to ReadWith 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. This document was generated for
Flash ReportSimon Property Group To Acquire Taubman Centers for $3.6 Billion Coresight Research February 12, 2020 Reasons to ReadSimon 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. This document was generated for
Insight ReportJanuary 2020 US Same-Store Sales: Costco Sales Remain Strong as Holiday Momentum Fades Coresight Research February 12, 2020 Reasons to ReadWith 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. 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 DiveIs Omnichannel the Future for Furniture Retail? Coresight Research February 11, 2020 Reasons to ReadIn 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. 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 CoverageFashinnovation Event Showcases Exciting New Trends in Fashion Innovation Coresight Research February 11, 2020 Reasons to ReadThe 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 This document was generated for
Question of the WeekWhat Will Be the Key Trends in China’s E-Commerce Market in 2020? Coresight Research February 10, 2020 QUESTION OF THE WEEK: What Will Be the Key Trends in China’s E-Commerce Market in 2020? In 2020, we expect China’s e-commerce market to be driven by innovation, robust expansion into recommerce and faster delivery. We also expect that livestreaming will gain increased prominence as a sales medium, there will be growth in group buying and the landscape of cross-border e-commerce will change. This document was generated for
Insight ReportUS and China Quarterly Economic Update: Growth Stagnates in Both Countries in 4Q19 Coresight Research February 10, 2020 Reasons to ReadThis report looks as the latest economic data from the US and China, showing how the cumulative effects of the trade dispute between the two countries—followed by a virus outbreak that remains ongoing—put downward pressure on both economies. US GDP growth has rebounded from its trough in 4Q18, and growth has levelled off. China’s GDP growth has been moderating in recent years, but in 2019 it took a hit from trade tensions. Now, China’s economy faces the ongoing coronavirus outbreak. If the outbreak is contained by the end of February, we expect it will shave around two points off first-quarter growth. 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 ReportGlobal Tourism: Improved Infrastructure and Enhanced Shopping Experiences Are Driving Airport Retail Sales Coresight Research February 10, 2020 Reasons to ReadOur quarterly Global Tourism series discusses domestic and international tourism themes and trends. In this report, we explore the key factors contributing to the growth of the booming airport retail market by considering the following topics: The struggle of brick-and-mortar stores versus increasing global airport retail sales The influence of Chinese travelers and the potential impact of the coronavirus outbreak The rise of budget airlines Improved airport infrastructure Enhanced shopping experiences and customer engagement, including examples from LVMH and Shiseido Price advantage and convenience, including the introduction of vending machine by Benefit Cosmetics and Best Buy 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—February 9, 2020 Coresight Research February 9, 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 looks at Macy’s new turnaround plan and discusses how brick-and-mortar retailers selling discretionary goods can position themselves for survival. 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 This document was generated for
Flash ReportCoronavirus Briefing: Assessing the Near-Term Impact on China’s Economy Coresight Research February 7, 2020 Reasons to ReadThe World Health Organization has called on scientists from around the world to join a global research forum on February 11–12 to create a global plan to tackle the ongoing coronavirus outbreak. Despite China’s efforts, the number of cases continues to climb so it remains unclear when it may be contained. This report looks at: The economic impact of the outbreak on China’s economy, looking at two possible containment timelines. How this outbreak compares to the last given the changes to the domestic economy since SARS. Measures the central, provincial and local authorities are taking to contain the spread. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak in China. This document was generated for
Event CoverageMacy’s Investor Day 2020: Plans To Optimize Fleet Through Closure of 125 Stores, Continued Backstage Expansion Coresight Research February 7, 2020 Reasons to Readcompany unveiled an ambitious turnaround plan called Polaris. Naturally, management devoted much of the day to offering more details on the new plan. This report outlines the highlights of the day and the bold vision management put forward, including: Building its omnichannel capabilities. Strengthening customer engagemet through loyalty programs. Testing new store formats in non-traditional locations. A series of restructuring and cost-cutting measures including closing underperforming stores and office consolidation. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2020, Week 6: Macy’s To Close Stores; Sephora Plans Store Expansion Coresight Research February 7, 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 Amazon, Macy’s and Sephora in the US and Hawkin’s Bazaar 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
Flash ReportCoronavirus Briefing: China’s Food-Service Firms Shutter Stores and Turn to Contactless Services Coresight Research February 6, 2020 Reasons to ReadThis report outlines possible consequences of the current coronavirus outbreak on China’s food-service industry. Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak in China. This document was generated for
Insight ReportUS Valentine’s Day 2020 Preview: Americans Set To Spend Record-Breaking $27.4 Billion Coresight Research February 6, 2020 Reasons to ReadValentine’s Day spending has been on a (more or less) steady rise for the last decade, nearly doubling in expected total spend from 2010 to 2020, with average spend per person also nearly doubling over the same period. This report looks at the key factors driving this growth trend, including: Total and average per person expected spend, broken down by age and what they plan to buy. Category expansion that is seeing more consumers buy gifts for non-traditional recipients. The rise of experience gifts—with room for continued growth as more people want them than plan to give them. 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: Rental, Subscription and Resale—How Companies Are Tapping Demand Coresight Research February 6, 2020 We present Three Things You Need To Know on Rental, Subscription and Resale: How Companies Are Tapping Demand. Find the full report here. This document was generated for
