Reasons to Read

We examine the state of the health of US consumers, focusing on the most common health issues impacting adults in the country, such as chronic and mental health conditions, as well as challenges stemming from an aging population (among other market factors). Explore what conditions garner the largest portion of consumer spending, and which hold the greatest relevance for both retailers and healthcare companies in 2024 and beyond.

Data in this research report include:

  • Total personal healthcare spending and year-over-year changes, 2018–2028E
  • Most common chronic conditions among US adults
  • Annual healthcare spending in the US, by condition
  • Share of adults in the US with obesity, 2019, 2024E and 2028E
  • Inflation on hospital-related services, medical care, medicinal drugs and professional services, 2019–August 2024

Companies mentioned in this report include/are: Cigna Group, CVS Health, Eli Lilly And Co, JP Morgan, Novo Nordisk, Pfizer, Rite Aid, UnitedHealth Group, Walgreens Boots Alliance

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Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. This week, we highlight the huge rise in US store closures and detail recent announcements from major retailers. Non-store-closure news includes the appointment of a new CEO at Ross Stores.

This report presents data up to week 44 of 2024, ended November 1, 2024.

Data in this research report include:

  • Week-by-week comparisons of announced store closures and openings in the US and the UK—2024 vs. 2023
  • Major US and UK store closures and openings, 2024
  • Major US and UK retail bankruptcies—2024 and 2023

Companies mentioned in this research report include: Amazon, Holland & Barratt, Nordstrom Rack, Ross Stores, Skechers USA, The Entertainer

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Our RetailTech Bites series spotlights key data related to retail technology.

In this graphic, we highlight proprietary survey findings on US consumers’ awareness and perceptions of electronic shelf labels, facial-recognition software and GenAI (generative artificial intelligence).

Methodology: The data in this graphic are informed by two online surveys of US consumers aged 18+, conducted by Coresight Research—400 respondents surveyed in September 2024 and 403 respondents surveyed in August 2024. At a total level, the results have a margin of error of +/- 5%, at a 95% confidence level.

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While they were originally developed for the treatment of diabetes, GLP-1 (glucagon-like peptide-1) medications, including Ozempic and Wegovy, have rapidly gained attention for their weight-loss effectiveness.

We explore the implications of GLP-1 drugs on the US healthcare industry, as well as various retail sectors, examining their role in driving retail growth and redefining modern healthcare approaches.

Data in this research report include:

  • Proprietary survey data on US consumers reasons for taking GLP-1 medications and their behavior changes
  • Total size and year-over-year growth of the US obesity drug market, 2020–2028E
  • Recent revenue results of major GLP-1 medications, including Ozempic and Mounjaro
  • Year-over-year changes in the share prices of major GLP-1 manufacturers, January 2023–August 2024

Companies mentioned in this report include: Amazon, Amgen, Bayer, Cigna Group, Costco, Kroger, Eli Lilly, NIKE, Novo Nordisk, Pfizer, Walmart

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Our weekly Earnings Insights reports feature highlights from recent management commentary from major US retailers within our Coresight 100 coverage list as they report third-quarter 2024 earnings.

This week, there are highlights from companies that reported in the week ended October 27, 2024, across six sectors: apparel and footwear, consumer packaged goods, drugstores, food and grocery, home and home-improvement, and warehouse clubs.

Data in this report are:

  • Quarterly data from companies, including gross margins and sales data by brand (where applicable), channel and geography

Companies mentioned in this report include: Albertsons, Costco Wholesale, Kimberly-Clark Corporation, Levi Strauss & Co, Procter & Gamble, Tractor Supply Company, Walgreens Boots Alliance

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Reasons to Read

The Coresight Research monthly US Consumer Survey Insights Extra series offers a more detailed or specific take on trends and data from our weekly surveys of US consumers.

How much do consumers care about sustainability in retail? What aspects of sustainability are they most concerned about?

In this report, we provide our annual deep dive into sustainability, analyzing how consumers factor sustainability into their shopping decisions when purchasing essential and discretionary products. We compare results to our surveys from 2023 and 2022. We break down our findings on consumers’ attitudes to sustainability by age, income and region.

The appendix of this report provides results on consumers’ shopping behaviors and sentiment from our weekly survey questions aggregated in four-week increments over the past few months.

Data in this research report are our latest proprietary survey findings on:

  • To what extent the issue of sustainability affects which retailers consumers purchase from
  • The extent of influence of sustainability on choice of retailer when shopping essentials, by demographic—breakdowns by age, income and region
  • The extent of influence of sustainability on choice of retailer when shopping discretionary products, by demographic—breakdowns by age, income and region
  • Aspects of sustainability that consumers are most concerned about—in total and breakdowns by age, income and region
  • Appendix—aggregated monthly data on activities, shopping behavior and consumer sentiment over the past six months

Other relevant research:

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Coresight Research was a research partner of Shoptalk Fall 2024, which took place during October 16–18 in Chicago, Illinois. Shoptalk Fall is a new conference that builds on the success of the annual Shoptalk event held earlier in the year (which has been rebranded as Shoptalk Spring).

We present our top takeaways from the conference, across vital retail themes, such as artificial intelligence (AI), product assortments, loyalty programs and unified commerce experiences, among others.

Companies mentioned in this report include: Build-A-Bear Workshop, Crate & Barrel Holdings, The Home Depot, Kohl’s, L’Oréal, Lowe’s, Macy’s, McDonald’s, Signet Jewelers, Target, ThredUp, Ulta Beauty, Walmart, Wayfair

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Reasons to Read

The Coresight Research FRESH framework is designed to help guide grocery retailers in strategically scaling up their AI (artificial intelligence) capabilities to upgrade fresh food operations, maximize margins and reduce food waste.

Deborah Weinswig, CEO and Founder of Coresight Research, first launched the FRESH framework in a presentation delivered at Groceryshop 2024.

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The Coresight Research FRESH framework is designed to help guide grocery retailers in strategically scaling up their AI (artificial intelligence) capabilities to upgrade fresh food operations, maximize margins and reduce food waste.

Deborah Weinswig, CEO and Founder of Coresight Research, first launched the FRESH framework in a presentation delivered at Groceryshop 2024.

In this report, we detail the five components of the framework and present key insights on how AI can revolutionize food retailing.

Data in this research report include:

  • Unsold food in US grocery retail—breakdown by category
  • Proprietary survey findings—US food shoppers’ top reasons for choice of grocery retailer

Companies mentioned in this report include: Afresh Technologies, Ametller Origen, Competera, Cub Foods, RELEX Solutions, Simbe, SpartanNash, Unilever

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The Coresight Research weekly US Consumer Survey Insights series takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data.

This week, in addition to our usual weekly findings on consumer sentiment, activities and shopping patterns, we dive into findings on holiday shopping specifically. Which retailers are popular, and what are holiday shoppers buying? Track US consumers’ shopping behavior through the holiday season in this report series.

Data in this research report are our latest proprietary survey findings on:

  • Whether consumers have started their holiday shopping yet, and whether they have made any holiday purchases in the past seven days
  • Popular retailers and product categories among holiday shoppers
  • Where consumers have bought food and nonfood products from in the last two weeks
  • What consumers have bought in-store and online in the last two weeks
  • Activities that consumers have done in the past two weeks
  • Consumers’ expectations for the economy overall and for their own personal financial situation—plus, breakdowns of our findings by income

Companies mentioned in this research report include: Amazon, Dollar Tree/Family Dollar, Target, TJX, Walmart

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Diwali, also known as the Festival of Lights, offers opportunity for retailers around the world to capture spending from consumers looking to celebrate. Discover which major retailers are offering specialized products and promotions for India’s biggest festival.

Data in this research report include:

  • Estimated GMV online and in-store in India for the 2024 festive season

Companies mentioned in this report include: Alibaba, Bed, Bath & Beyond, Amazon, Flipkart, M&S, Target, Walmart

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We assess the trends and challenges that we expect to affect last-mile shipping during the 2024 holiday season—defined by Coresight Research as the entire fourth quarter of the year (October–December)—as well as which retailers are likely to benefit from prior last-mile investments.

Data in this research report include:

  • Total and e-commerce nominal holiday-quarter retail sales (excluding gas and auto sales), 2023 and 2024E
  • Proprietary survey data on what fulfillment methods US holiday shoppers plan to use
  • Peak holiday shipping surcharges for FedEx and UPS, 2023 and 2024

Companies mentioned in this report include: Amazon, American Eagle Outfitters, Costco, FedEx, Gap, Kroger, Target, United Parcel Service (UPS), Walmart

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Our Holiday Survey Bites series for 2024 spotlights proprietary survey data and analysis for the end-of-year holiday season.

This series covers US consumer expectations for holiday spending, the shape and scale of demand, and trends in shopper behavior during the holidays.

In this graphic, we highlight proprietary survey findings on whether the availability of AI (artificial intelligence) chatbots and AR/VR (augmented/virtual reality) features influences US consumers’ online shopping preferences for the holiday season—in total, and broken down by age.

Methodology: The data in this graphic are informed by an online survey of 1,485 US respondents aged 18+ who typically spend on the holiday season, conducted by Coresight Research in October 2024. At a total level, the results have a margin of error of +/- 2%, at a 95% confidence level.

Other relevant research:

  • Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology.
  • View all Coresight Research coverage of US holiday retail, including more Holiday Survey Bites graphics.
  • Click here to access our US Holiday Retail 2024 Databank.
  • The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys.
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Welcome to Analyst Corner! Every Sunday, a member of the Coresight Research team discusses upcoming or recent research and their thoughts on interesting topics in their area of expertise.

This week, Charlie Poon, Analyst, offers an outlook for GenAI (generative artificial intelligence). Understand why GenAI is causing a stir and discover tech leaders’ expectations for GenAI moving forward.

We also highlight our key research from the past week and reports to look out for in the coming week, so you don’t miss out.

Companies mentioned in this report include: LinkedIn, OpenAI, Stability AI

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