Reasons to Read

Our Three Data Points We’re Watching This Week series spotlights key data points from this week’s research.

Discover data points we are watching in week 28 of 2024, with a focus on US retail. From beauty and apparel sales to social commerce, we offer key metrics from our research.

Dive into the full research reports behind these data points:

  1. US CPG Sales Tracker: Nonfood CPG Rebounds, with E-Commerce and In-Store Growth Accelerating
  2. Social Commerce in Focus—Beauty Leads the Way: US Consumer Survey Insights
    • Read the full series of US Consumer Survey Insights and US Consumer Survey Insights Extra reports.
  3. Market Navigator: US Apparel and Footwear Retailing—Discounters Poised for Growth Amid Challenging Backdrop
    • Keep up to date with all our research reports on US retail.
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Reasons to Read

Currently, consumer shopping behaviors are shifting due to a wide variety of factors, including digital advancements, changing demographics and evolving cultural dynamics; as such, luxury brands and retailers must reassess their traditional approaches and embrace new strategies to remain relevant and competitive. We explore three key trends that are driving growth in global luxury retailing and major players’ recent responses to changing market forces, providing valuable insights into the modern luxury market.

Data in this research report include:

  • The size and growth of the global luxury market, broken down by geography, 2019–2028E
  • Overseas tourist visits to Japan, 2019–March 2024
  • Worldwide year-over-year high-end fashion travel spending growth for March 2024

Companies mentioned in this report include: Alibaba, Amazon, Burberry, Canada Goose, Capri Holdings, Compagnie Financière Richemont, JD.com, Kering, LVMH, Tapestry, Walmart

Other relevant research:

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Reasons to Read

Each Market Navigator report offers an in-depth, data-rich view of a retail, consumer or technology sector and is packed with data on sectors, segments, companies and consumers. Our analysts discuss at greater length the sector themes they are observing and the insights they are forming on their markets. We intend these definitive guides to serve as points of reference to those in the retail ecosystem, guiding readers’ strategic decision-making and assisting them in tapping opportunities and navigating disruption in retail and adjacent industries.

In this Market Navigator, Coresight Research explores the US apparel and footwear market. Dive in today to gain insights into emerging ideas and opportunities in apparel and footwear retailing, understand the growth trajectory of the market and explore the competitive landscape. You will also discover key insights about market factors and consumer behavior and preferences, based on proprietary survey findings. We also discuss key themes we are watching in the US apparel and footwear market, aligning with our RESET framework. Key topics covered in this report include the importance of apparel customization options and hyper-personalized shopping journeys, the impact of artificial intelligence (AI) and machine learning (ML) on the apparel and footwear space, and growing consumer interest in sustainability, inclusivity and resale options, among many others.

Included with this Market Navigator

  • Grab quick access to charts, data points and conclusions in the presentation download
  • Access the data behind key charts and tables in the Excel download

Data in this research report include:

  • Total and online market sizes and year-over-year growth rates, 2019–2028E
  • Market breakdowns by category, distribution channel and segment, 2019–2028E
  • US Consumer Price Index for the apparel and footwear, food and gasoline categories, 2017–2023
  • Revenues, operating margins and store counts of leading brands and retailers from across the US apparel and footwear market
  • Proprietary survey data on where US consumers are shopping for apparel and footwear products, and which brands and product types they are purchasing

Companies mentioned in this report include: Amazon, American Eagle Outfitters, Burlington Stores, Dick’s Sporting Goods, Foot Locker, Gap, Hanesbrands, Kohl’s, Lululemon Athletica, Marks and Spencer, Ralph Lauren, Ross Stores, Target, The TJX Companies, Under Armour

Other relevant research:

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Reasons to Read

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 (with the latest data from our July 1, 2024, survey), we present new data on the role of social media in the shopping process, diving into the popularity of social commerce and the social media platforms and product categories that are leading the way.

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

  • Whether consumers have used social media as part of the shopping process in the past three months
  • Popular social media platforms and product categories among social media shoppers
  • Activities that consumers have done in the past two weeks
  • 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
  • Consumers’ expectations for the economy overall and for their own personal financial situation

Companies mentioned in this research report include: Amazon, Facebook, TikTok, Walmart

Other relevant research:

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Visual content (product imagery or illustrations that market or sell a product to the consumer) plays a fundamental role in determining success for online brands and retailers.

In this report, we examine the importance of optimal visual content in US e-commerce and analyze the challenges and benefits for brands and retailers in elevating their visual content strategy.

Stand out in the competitive online landscape by implementing our key recommendations to achieve success with your visual content strategy, and understand the role of technology (including AI) in supporting your e-commerce goals. Dive into critical insights from Coresight Research surveys of consumers and brands/retailers.

This report is produced and made available to non-subscribers of Coresight Research in partnership with Vizit, a visual analytics company that leverages computer vision and AI to empower brands and retailers to test, measure and optimize product visuals for maximum effectiveness with any audience.

Data in this research report include:

  • US online retail sales and e-commerce penetration, 2023–2028E
  • US brands and retailers (survey analysis)—number of channels used for sharing product visuals, benefits of visual content testing, challenges and benefits of leveraging technology, challenges that brands and retailers face in collaborating to elevate their visual content strategy, and more!
  • US consumers (survey analysis)— influence of the quality of product imagery on purchase decisions

Other relevant research:

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Reasons to Read

Amazon’s Prime Day shopping event will be held on July 20–21 this year in India.

We present five key insights into Prime Day 2024 ahead of the event, from deals to delivery to affordable Prime membership.

Other relevant research:

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Reasons to Read

The Coresight Research and Circana monthly US CPG Sales Tracker provides our data-driven insights into online sales trends in the US CPG industry—covering the product categories of food & beverages, health & beauty, and general merchandise & homecare.

This report presents key insights for the four weeks ended June 16, 2024.

Data in this research report include:

  • CPG sales growth—e-commerce, in-store and in total
  • E-commerce and total CPG sales growth by category type
  • Food & beverages department breakdown by category: e-commerce and total sales growth
  • Nonfood department breakdowns by category: e-commerce and total sales growth

Other relevant research:

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Reasons to Read

Our quarterly US Retail Inventory Insights series analyzes inventory trends in US retail.

In this report, delve into trends by sector and inventory turnover ratios among major US retailers in the first quarter of 2024 (1Q24), and discover key management commentary on inventory levels.

The sectors covered in this report are beauty, department stores, discount, drugstores, electronics, food and grocery, home and home improvement, jewelry, luxury, mass merchandise, specialty apparel and footwear, and warehouse clubs.

The companies featured in this series are among those listed in the Coresight 100.

Data in this report include:

  • Inventory turnover ratios by quarter for the latest quarter and the prior eight quarters
  • Year-over-year changes in inventory values of covered US retailers for the latest quarter and the prior quarter

Among the 40 companies discussed in this report are: Academy Sports + Outdoors, Bath & Body Works, Best Buy, Capri Holdings, Costco, Dollar Tree, Foot Locker, Gap Inc., Home Depot, Kohl’s, Kroger, Macy’s, Nordstrom, Tapestry, Target, TJX, Ulta Beauty, Walmart

Other relevant research:

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Reasons to Read

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.

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.

This week, Sunny Zheng, Analyst, discusses three key learnings in luxury retail: the shift to the direct-to-consumer (DTC) channel in the West, the importance of e-commerce in the East, and the global growth of duty-free travel retail.

Other relevant research:

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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies.

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: Alimentation Couche-Tard, Bob’s Stores, Netflix, Walgreens Boots Alliance, Watches of Switzerland

Other relevant research:

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Reasons to Read

Our Three Data Points We’re Watching This Week series spotlights key data points from this week’s research.

Discover data points we are watching in week 27 of 2024, from the store closures we have tracked in Canada for 2024 to consumer survey insights on the Olympics and Chinese economy.

Dive into the full research reports behind these data points:

  1. Canada Store Openings and Closures Tracker 2024: Best Buy To Double Canada Store Count This Year—the first report in our new series
  2. Seasonal Shopping, 3Q24—Expectations for Paris Summer Olympics and More: US Consumer Survey Insights Extra
    • Read the full series of US Consumer Survey Insights and US Consumer Survey Insights Extra reports.
  3. Is Financial and Economic Optimism Waning?: China Consumer Survey Insights
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The Coresight Research monthly China Consumer Survey Insights series takes a regular temperature check on Chinese consumers’ behaviors and sentiment, based on exclusive proprietary survey data.

In this research report, we present findings from our latest weekly surveys, with the most recent undertaken on June 24, 2024.

Data in this research report are:

  • Consumers’ expectations for economic conditions and personal finances in the next 12 months
  • Activities that consumers have done in the past two weeks
  • Avoidance of public places, by type of public place
  • What products consumers have bought in-store and online in the last two weeks

Other relevant research:

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Reasons to Read

Planned and announced US store openings for 2024 total more than 4,200, outpacing store closures by 20% and resulting in nearly 78 million square feet of new retail space, we estimate.

Discover US retailers’ latest store closure and opening announcements, as well as the square-footage impacts of these developments.

This report is part of our monthly US Store Tracker Extra series; it represents a midyear update as we offer insights into announced developments as of June 28, 2024.

Data in this report are:

  • Year-to-date (YTD) US store closures and openings estimates for 2024, by retailer—total number of store closures/openings and their square-footage impact
  • US announced store closures and openings: week-by-week data for 2024 versus the comparable period in 2023

Companies mentioned in this report include: Bath & Body Works, Casey’s, Dollar General, Dollar Tree, Foot Locker, Gap Inc.

Other relevant research:

  • View our full collection of store tracker reports.
  • The Coresight Research 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. For the US, the Databank includes store openings and closures from 2012 to 2024 YTD; for the UK, data span 2017 to 2024 YTD.
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Reasons to Read

Dive into the world of retail media! We provide long-form highlights from the many sessions on the topic that our analysts attended at Shoptalk Europe 2024.

Discover the retailer perspective, the brand perspective, new in-store opportunities and more. Executives from leading retail companies offer their take on the retail media landscape and strategies in Europe.

Data in this research report include:

  • US and UK retail media market sizes, 2022–2028E

Companies mentioned in this report include: Amazon, Carrefour, Criteo, Deloitte, Instacart, Kraft Heinz, PepsiCo, Unimitail, Walmart

Other relevant research:

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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.

This month, we continue our quarterly Seasonal Shopping series. We assess consumers’ holiday shopping expectations for calendar events in the third quarter of 2024 (3Q24, July–September): the Fourth of July, Amazon’s Prime Day, Summer Olympics and Labor Day. We also look ahead to the 2024 end-of-year holiday season.

This report includes a recap of 2Q24 holidays, analyzing how consumers celebrated Mother’s Day, Father’s Day and Memorial Day, and comparing their actual behavior to their earlier plans.

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

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

  • Whether US consumers expect to celebrate and spend on key holidays in 3Q24
  • How much consumers expect to spend on key holidays in 3Q24—compared to last year and in dollar terms
  • What activities consumers plan to do to celebrate the 3Q24 events
  • Consumers’ spending expectations for the 2024 holiday season
  • Consumers’ behavior and spending during key holidays in 2Q24

Other relevant research:

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