InfographicSupreme Court Ruling on Tariffs: Assessing Consumer Awareness and Sentiment—Data Graphic Aditya Kaushik, Analyst February 26, 2026 Reasons to ReadUnderstand how the Supreme Court ruling on tariffs is impacting consumer sentiment in 2026. Read this infographic/report to discover answers to these and other questions: How many US consumers are aware of the Supreme Court ruling on tariffs and what are their reactions? How do younger, higher-income consumers respond to the ruling compared to older, lower-income groups? What is the relationship between income levels and satisfaction with the ruling? How is consumer sentiment expected to evolve in the coming weeks, considering ongoing tariff-related debates? Data in this research report include: Share of US consumers aware of the Supreme Court ruling; demographic breakdowns of reactions to the ruling by income and age. Find our full selection of US Consumer Survey Insights reports and data graphics here. 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 Other research you may be interested in:High Hopes—Heightened Economic Optimism Entering the New Year: US Consumer Survey InsightsInnovator Profile: ShopVision—Paving the Way for Intelligent E-Commerce with an AI TeammateDeepSeek: The Chinese AI Startup That Has Overtaken ChatGPT on Apple’s App StoreConsumer Sentiment Improves Entering the New Year: US Consumer Survey Insights
Insight ReportThe New Coresight 100: Setting the Direction for Global Retail in 2026 Anand Kumar, Associate Director of Research February 26, 2026 Reasons to ReadWe are excited to present the latest edition of the Coresight 100, a curated list highlighting 100 of the most impactful and influential retailers and brand owners shaping the global retail landscape. The Coresight 100 serves as a cornerstone of our annual research strategy, identifying key sectors and companies that align with our analytical expertise and research priorities. This report outlines our selection methodology, highlights what is new in the 2026 Coresight 100, and provides a detailed breakdown of the list by sector and geography. Other relevant research: The Coresight 100 list 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 Other research you may be interested in:Holiday Shopping Starts in the Summer: Tariffs Trigger Ultra-Early Holiday Shopping in 2025—Data GraphicGroceryshop 2025 Day One: AI Drives Smarter Operations as Shoppers Seek Value and WellnessAnalyst Corner: Three Consumer-Focused Predictions for US Retail for the Second Half of 2025, with Anand KumarShoptalk Fall 2025 Day Three: From Constraints to Catalysts—Technology Driving the Next Era of Retail
Insight ReportCEO Brief: Early Holiday 2026 US Retail Expectations John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 25, 2026 Reasons to ReadGain insights into early expectations for the 2026 holiday season and understand key factors influencing consumer spending trends. Read this report to discover answers to these and other questions: How is total retail sales growth projected to perform in 4Q26? What factors are driving consumer spending optimism, especially among higher-income households? What potential impacts could the 2026 midterm elections have on consumer sentiment and retail spending? Companies mentioned in this report include: Burlington Stores, Levi Strauss & Co., Lowe’s Companies, Macy’s, Ross Stores, Shein, The Home Depot, The TJX Companies, Temu Data in this report include: Retail sales projections for 4Q26; Consumer spending expectations across income groups; Impact of tax refunds, interest rates, and elections on consumer confidence 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 Other research you may be interested in:AI in Retail: What’s Now and What’s Next—Premium Subscriber Call, November 2025Sector Focus: Off-Price Shopping—Data GraphicWeekly US Store Openings and Closures Tracker 2026, Week 4: Amazon To Close All Amazon Fresh Stores as Total Closures Surge by 1,000Analyst Corner: Three Themes Transforming US Apparel and Footwear Retail in 2025, with Anand Kumar
Deep DiveFinancial Optimism Hits Six-Month High; Consumers Adapt to Tariffs and Inflation: US Consumer Survey Insights Aditya Kaushik, Analyst February 24, 2026 Reasons to ReadDiscover how US consumers are reacting to shifting economic conditions, inflation pressures and tariffs in the new year. Read this report to discover answers to these and other questions: How is consumer sentiment diverging across income groups—and what does this mean for premium versus value retail performance. To what extent are shoppers still concerned about tariffs and how are those concerns reshaping spending habits? Which categories are seeing pull-forward demand and where might retailers expect softness later in the year? How entrenched is trading down and what specific inflation-related behaviors are dominating in food and nonfood purchases? Data in this research report include: Consumer sentiment by income and time; consumer tariff concerns and behavioral responses; shopping changes due to inflation; and retailer and category-level shopping data. Other relevant research: Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys. 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 Other research you may be interested in:Retail 2025: China Retail Predictions—Midyear Trends UpdateRolling Metric Continues Upward Trend: Weekly US Consumer Sentiment, Week 30, 2025—InfographicStore Tracker Extra: UK Store Openings and Closures—2024 Review and 2025 OutlookSeasonal Shopping, 1Q26—Expectations for Valentine’s Day and Presidents’ Day: US Consumer Survey Insights Extra
InfographicTariffs + Consumer Sentiment: A Timeline, 2026—Data Graphic Coresight Research Sector Lead: John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 24, 2026 Reasons to ReadIn this infographic, we present a timeline of tariff-related developments by the US and other nations. We also offer highlights from our proprietary survey findings on US consumers’ sentiment and their perceptions of the impacts of tariffs. Bookmark this page! We first published this infographic on April 4, 2025, and will continue to update its content as developments unfold. The latest update was made on February 24, 2026. Data in this research report include proprietary US consumer survey findings on: Expectations for the economy over the next 12 months (economic sentiment) Expectations for personal finances over the next 12 months (financial sentiment) Perceptions of tariffs—impacts on their personal finances and the economy; greatest concern around tariffs; top benefit of tariffs Other relevant research: The Impacts of US Tariffs: Assessing Companies’ International Sourcing Exposure by Country Mapping the US’s Reciprocal Import Tariffs: Which Nations Are Affected? All our coverage of tariffs The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys. Our Weekly US Consumer Sentiment infographic series complements our survey reports with selected findings on consumers’ financial and economic expectations each week. Visit our Methodology page to read more context for understanding the results of Coresight Research surveys. 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 Other research you may be interested in:Mass Merchandisers, Warehouse Clubs and Discount Stores: Themes, Concepts and Innovators—Target at a Crossroads, Dollar Stores Revive and Warehouse Clubs Gain MomentumShoptalk Spring 2025: Day Two—Next-Generation Search and the Leading Edge of Storytelling, from Influencers to Lived ValuesWeekly UK Store Openings and Closures Tracker 2025, Week 19: Store Closures Down 25% Year Over YearThree Data Points We’re Watching This Week UK Store Openings and Closures—2024 Review and 2025 Outlook
Insight ReportRetail-Tech Landscape: Advanced AI Solutions Abhinav Tagore, Analyst Sector Lead: Steven Winnick, Vice President—Innovator Services February 23, 2026 Reasons to ReadDiscover the leading companies that are utilizing advanced AI to revolutionize retail operations and consumer experiences. Read this report to discover answers to these and other questions: Which companies are pioneering the use of advanced AI solutions across retail functions? How are AI-powered tools improving product discovery, personalization, and customer service in retail? What are the key trends shaping the future of AI in retail today? How is agentic commerce transforming consumer product discovery and decision-making? In what ways is AI driving the shift from traditional search to searchless, AI-mediated shopping experiences? Companies mentioned in this report include: Walmart, Target, Estée Lauder, Ada, Auxia, Competera, Dynamic Pricing AI, and many more. Other relevant research: All our Retail-Tech Landscapes spotlighting innovators that are disrupting the retail industry Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. 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 Other research you may be interested in:Innovator Profile: Autolane—Operating Infrastructure for Autonomous Curbside LogisticsShoptalk Spring 2026 “Shark Reef” Startup Pitch: Preview—10 Innovators Driving Customer Experience and Operational EfficienciesHoliday 2025 Survey Insights: Government Shutdown Impacts One-Third of Holiday ShoppersKey Festivals and Holidays for Promotional Campaigns in China in 2026: Calendar
Analyst CornerAnalyst Corner: US Retail Inflation Rises to Its Highest Level in 2.5 Years, with John Mercer John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 22, 2026 Reasons to ReadDiscover key insights into the latest US retail inflation trends and their impact on consumer spending in 2026. Read this report to discover answers to these and other questions: What is Coresight Research’s estimate of retail-specific inflation, and how has that changed? How is inflation specifically impacting retail categories like general merchandise and apparel? What is driving the acceleration in retail inflation, and why is it expected to rise in early 2026? What are the expectations for inflation in 2026, and how will this affect consumer behavior and discretionary retail spending? Data in this report include: Retail-specific inflation, Consumer Price Index trends for key retail categories, consumer data. 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 Other research you may be interested in:Highlights from NextGen 2025: Retail, Real Estate & the New Consumer—InfographicInnovator Profile: Relocalize—Hyper-Local Production with Autonomous Micro-Factories to Cut Costs and Reduce WasteWeekly UK Store Openings and Closures Tracker 2026, Week 5: Game Over; But Aldi To Open 40 StoresGlobal Luxury—Real Estate Insights: Brands Move from Tenants to Landlords, with Innovative, Experience-Rich Flagships
Insight ReportReturn to Uncertainty for Retail: Supreme Court Strikes Down US Tariffs John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 20, 2026 Reasons to ReadUnderstand the latest impacts of US tariff policies on retail, investments and consumer sentiment. Read this report to discover answers to these and other questions: How does the US Supreme Court ruling on tariffs influence future trade policy and retail sourcing decisions? What potential outcomes are there for tariff reversals or refunds, and how might that benefit retailers? How have retailers been impacted by the current tariff rates, and how are they adapting to the changes? How might the tariff uncertainty affect retailers’ holiday season planning and manufacturing orders? What are the broader economic implications of the US government’s tariff revenue, and how does it shape future fiscal policies? 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 Other research you may be interested in:Earnings Insights 1Q25, Week 3: E-Commerce Sees Solid Results as Amazon, Coupang, Zalando and More Report Growth—InfographicMapping the US’s Reciprocal Import Tariffs: Which Nations Are Affected?2026 Sector Outlook: US Retail—Steady Retail Expansion in a More Stable Economic Environment4Q24 Earnings Season Wrap-Up: Which Companies Missed, Beat and Fell in Line with Expectations?—Infographic
Store TrackerWeekly UK Store Openings and Closures Tracker 2026, Week 7: The Original Factory Shop Closes Stores Aaron Mark Dsouza, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 20, 2026 Reasons to ReadDiscover the latest trends in UK retail store openings and closures for 2026, and gain insights into the evolving market landscape. Read this report to discover answers to these and other questions: How many store closures and openings have UK retailers announced year to date in 2026, and how do these totals compare with the same period in 2025? Which retailers are driving the latest changes in our 2026 Major UK Store Closures and Openings tracker? How do full-year 2025 store closures and openings compare with 2026 year-to-date trends? Companies mentioned in this report include: Coop, Coach, HMV, Läderach, Longchamp, Lovisa, lululemon athletica, Matalan, Michael Kors, Pop Mart, Poundstretcher, Rituals, Shoe Zone, Sofa.com, Tapi Carpets & Floors, T.M.Lewin, The Original Factory Shop, The White Company, Waterstones. Data in this report include: week-by-week comparisons of UK store closures and openings for 2026 and 2025; rankings of major retailers by total store closures; rankings of major retailers by total store openings; tabulated confirmed versus planned store activity by retailer and sector. Other relevant research: The full collection of Store Tracker reports, including our US-focused series The US and UK Store Tracker Databank is the definitive resource for information on store openings and closures by sector in the US and UK retail industries. The Corporate and Financial Developments Databank includes details of management changes, financial guidance updates, retail and tech layoffs and capital raised by major retail companies. The Retail Bankruptcies Databank details bankruptcies of US and UK retail companies, restaurants and gyms since March 2020. 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 Other research you may be interested in:Lower-Income Sentiment Continues to Weaken; Plus, Off-Price and Dollar Stores in Focus: US Consumer Survey InsightsSeptember 2025 US Retail Sales Outlook: Retail Outlook Score Plummets; Holiday-Quarter Growth Projection ModeratesAmazon To Close Amazon Fresh and Amazon Go Grocery ChainsNRF 2025: Retail’s Big Show: Day One—Agentic AI in Focus for Nvidia; Retail Revolution for Amazon and Macy’s
Store TrackerWeekly US Store Openings and Closures Tracker 2026, Week 7: Aritzia and Trader Joe’s Announces Store Openings Aaron Mark Dsouza, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 20, 2026 Reasons to ReadUncover the latest shifts in the retail landscape and stay ahead of key trends that impact store openings, closures, and the broader consumer market. Read this report to discover answers to these and other questions: What are the top store openings and closures in the US for 2026 so far? Which retailers are expanding in 2026, and which brands are downsizing? How do store closures and openings compare between 2025 and 2026 in key retail sectors? Companies mentioned in this report include: Alo Yoga, Aritzia, Crocs, IKEA, Kiokii and…, Lidl, Rouses Markets, Royal Farms, The Fresh Market, Toys“R”Us, Trader Joe’s. Data in this report include: weekly totals of US store closures and openings for 2026 and 2025; retailer-level breakdowns of announced versus confirmed closures/openings; total store counts by retailer; total US retail bankruptcies year to date. Other relevant research: The full collection of Store Tracker reports, including our UK-focused series The US and UK Store Tracker Databank is the definitive resource for information on store openings and closures by sector in the US and UK retail industries. The Corporate and Financial Developments Databank includes details of management changes, financial guidance updates, retail and tech layoffs and capital raised by major retail companies. The Retail Bankruptcies Databank details bankruptcies of US and UK retail companies, restaurants and gyms since March 2020. 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 Other research you may be interested in:Weekly US Store Openings and Closures Tracker 2025, Week 20: Bob’s Discount Furniture Announces Store-Expansion PlanTrends and Predictions for 2025 with Updates from CES and NRF: Premium Subscriber Call, January 2025Three Data Points We’re Watching This Week, Week 10: Inflation, Tariffs and Consumer SentimentUS Store Tracker Extra, April 2025: JD Sports and 7-Eleven Drive Total Opened Retail Space to Over 67 Million Square Feet
Insight ReportFebruary 2026 US Retail Sales Outlook: Positive Indicators Signal Robust Growth Ahead Prerana P Kotian, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 19, 2026 Reasons to ReadGain valuable insights into the US retail sector’s performance and future outlook with this comprehensive Retail Sales Outlook report. Read this report to discover answers to these and other questions What is the 2026 growth outlook for the US retail sector, and which key indicators are driving it? How will consumer sentiment, wage growth, and interest rates impact retail sales in the coming months? How are retail sales projections evolving for January and February 2026, and what are the key factors influencing them? What macroeconomic forces—including labor market trends, inflation, and shifting consumer spending patterns—are affecting the retail sector’s short-term performance? Data in this report include: US retail sales forecasts; model-predicted vs. actual retail growth; labor force, wage, and inflation metrics; consumer sentiment and disposable income trends; housing market data. Alongside this report, you can access the data behind key charts and tables in the Excel download above. Other relevant research: Coresight Research’s monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators in the US. All our coverage of tariffs The US Retail Sales Databank features retail sales values and year-over-year growth, in total and by sector, by year and by month. This Databank is updated monthly. The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys. Our Weekly US Consumer Sentiment infographic series complements our survey reports with selected findings on consumers’ financial and economic expectations each week. 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 Other research you may be interested in:December 2025 US Retail Sales: Strong Conclusion to Holiday Season, with 4% GrowthWeekly US and UK Store Openings and Closures Tracker 2025, Week 10: US Store Openings Exceed 2,000The Impacts of US Tariffs: Assessing Companies’ International Sourcing Exposure by CountryConsumer Sentiment Improves Entering the New Year: US Consumer Survey Insights
Deep DiveFinancial Optimism Remains Firm Since the Start of the Year: US Consumer Survey Insights Aditya Kaushik, Analyst February 18, 2026 Reasons to ReadDiscover how US consumers are reacting to shifting economic conditions, inflation pressures and tariffs in the new year. Read this report to discover answer to this question: How is consumer sentiment diverging across income groups—and what does this mean for premium versus value retail performance? Data in this research report include: Consumer sentiment by income and time; and retailer and category-level shopping data. Other relevant research: Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys. 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 Other research you may be interested in:Consumer Sentiment Peaks Ahead of Singles’ Day—Then Stabilizes: China Consumer Survey InsightsShoptalk Fall 2025 Day Two: Scaling Pilots, Pivoting with Intelligence and Building Next-Gen Customer ExperiencesEarnings Insights 4Q24, Week 3: Gucci Sales Slump 21%, Plus Updates from Ahold, Amazon, Coty and MoreAI Insights: Instacart CEO Fidji Simo To Join OpenAI as CEO of Applications
Insight ReportRetail Crime and Shrink: Lawmakers Step Up Enforcement; Retailers Double Down on Technology Deployments Sujeet Naik, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Data-Driven Research February 18, 2026 Reasons to ReadDiscover the latest trends in retail crime, shrink and loss prevention technologies driving industry change, in our quarterly Retail Crime and Shrink report. Read this report to discover answers to these and other questions: How are self-checkout regulations evolving in the US and affecting retailers? What impact has organized retail crime (ORC) had on law enforcement and retailer strategies? How are emerging technologies, like computer vision and AI, improving loss prevention? Which US retailers are seeing positive results from shrink reduction efforts, and what’s driving these gains? Companies mentioned in this report include: Academy Sports + Outdoors, Ahold Delhaize, Dollar General, Five Below, Ulta Beauty, Tesco, Walgreens, Walmart and others. Data in this report include: Shrink levels across various retailers, shoplifting offenses in the UK and survey data on self-checkout theft behaviors. 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 Other research you may be interested in:Weekly US Store Openings and Closures Tracker 2026, Week 4: Amazon To Close All Amazon Fresh Stores as Total Closures Surge by 1,000Earnings Insights 4Q24, Week 3: Gucci Sales Slump 21%, Plus Updates from Ahold, Amazon, Coty and MoreFreeze, Flight or Fight? How Retailers Can Strategically Navigate Tariff TurmoilFinancial Optimism Hits Six-Month High; Consumers Adapt to Tariffs and Inflation: US Consumer Survey Insights
Deep DiveAI Insights: How World Models, VLA and Physical AI Advance Retail Automation Charlie Poon, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research February 16, 2026 Reasons to ReadDiscover how world models and physical AI are redefining retail automation from reactive workflows to fully autonomous, adaptive operations. Read this report to discover answers to these and other questions: How can world models turn retail supply chains from reactive to proactive? How does physical AI unlock robotics to become adaptive with embodied agents? What does full-stack physical AI mean for a fully autonomous supply chain and in-store experience? How is physical AI transforming in-store experience and dynamic merchandising through shelf intelligence and customer insights? Other relevant research: Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. 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 Other research you may be interested in:Shoptalk Spring 2025: Day Three—Community Building, Earning Loyalty and Enhancing Search Are Top of MindWeekly UK Store Openings and Closures Tracker 2025, Week 42: Store Closures Exceed 1,000Weekly US Store Openings and Closures Tracker 2025, Week 25: Furniture Frenzy—At Home’s Bankruptcy, Ashley’s Store Renewal and Openings from IKEA, Wayfair and MoreWeekly US Store Openings and Closures Tracker 2026, Week 3: 457-Store Francesca’s Reportedly Liquidating
Event PresentationAgentic Commerce: The Next Frontier of Consumer-Led Retail: Insights Presented at CMA|SIMA Coresight Research February 16, 2026 Reasons to ReadCoresight Research presented at CMA|SIMA Elevate 2026. In this presentation, explore how agentic AI is transforming retail by enabling autonomous shopping agents that collapse the funnel, reduce decision friction and power seamless, context-aware purchasing journeys. In this presentation, we provide insights into agentic commerce, including for the CPG and grocery retail sectors. Understand what’s happening, what’s next and our ROI framework for agentic commerce. Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. 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 Other research you may be interested in:Consumer Sentiment Climbs from July Trough, as Tariff Truce Extended: China Consumer Survey InsightsHead-to-Head in Beauty Retailing: Sephora vs. Ulta BeautyUS Beauty Retailing: Themes, Concepts and Innovators—Personalization, Tech Integration and Wellness To Drive ChangeWeekly US Store Openings and Closures Tracker 2025, Week 42: 40 New Openings for Ross Stores Reflect Off-Price Encroachment