Reasons to Read

Using data from the US Census Bureau, we analyze US retail sales in May 2024, in total and by sector.

Data in this research report are:

  • Year-over-year changes in US total retail sales (excluding gasoline and automobiles), May 2023–May 2024
  • Year-over-year changes in retail sales by sector, April and May 2024

Other relevant research:

  • Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators in the US.
  • Complementing our monthly reports, the Coresight Research US Retail Sales Databank brings together retail sales data to help you understand the scale and trajectory of US retail.
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Introduction

On Wednesday, June 26, 2024, in New York City, Coresight Research will host an exclusive, one-day conference, NextGen Commerce. This transformative event will bring together a distinguished gathering of senior executives from top retailers, brands and technology innovators to explore the groundbreaking technologies that are transforming how we shop, eat and play!

NextGen Commerce—Event Preview: Coresight Research Insights

Our in-person NextGen Commerce conference promises insightful discussions on the impact of AI (artificial intelligence), retail media, RFID (radio-frequency identification), AR/VR (augmented and virtual reality) and more on the current and future landscape of commerce.

This exciting event is sponsored by leading companies including Alvanon, Amazon Ads, AWS (Amazon Web Services), Cimulate, Digital Wave Technology, Intel, Omnistream, Treasure Data and Tymely.

Network, Learn and Sharpen Your Competitive Edge

The NextGen Commerce event features a fantastic lineup of speakers and a dynamic community of delegates. Attendees will engage with top experts, innovators, retailers and commerce leaders who are shaping the world of AI, discussing everything from groundbreaking innovations to advanced optimization strategies. Do not miss this chance to network and collaborate with the best in the field!

By attending the conference, you will gain the opportunity to:

  • Learn how next-generation technology, including GenAI (generative AI), impacts the decisions and strategies of key C-suite executives.
  • Discover new options for deploying next-generation technologies and the ways these new technologies can enhance the customer experience, streamline operations, improve employee satisfaction and drive growth.
  • Engage in interactive conversations centered around use cases and demos provided by industry experts and major retailers.
  • Dive into the real-world applications and case studies of AI in retail with leading retail companies and technology leaders, covering a range of topics, including personalization and the ROI (return on investment) of AI investments.

Agenda Highlights

The captivating panels and keynotes at NextGen Commerce will see leaders from across the commerce and technology ecosystems reveal insights into tackling critical questions around AI and advanced technologies and how they are fueling market disruption and innovation.

Among other engaging sessions, conference highlights will offer attendees the chance to:

  • Take a deep dive into crafting customer experiences that not only captivate your customers but also unlock organizational efficiencies. Explore the emotional triggers and strategies that forge deep brand connections, and learn how to design seamless touchpoints across all channels that build brand loyalty.
  • Learn the art of e-commerce persuasion, from website design and user experience to targeted marketing campaigns. Explore strategies for creating a seamless connection with your physical store through placemaking principles, blending the best of online and offline experiences.
  • Explore the shift toward health and wellness in the retail sector, driven by AI-enabled tools that empower consumers to actively engage with their health.
  • Discover the power of data-driven personalization and unlock strategies to transform casual customers into brand fanatics. Learn how to create captivating experiences that resonate deeply with your target audience, predict their needs and exceed their expectations.
  • Explore the shifting grocery landscape and discover strategies to win over today’s mindful shoppers.
  • Discuss the evolution of retail real estate in a world shaped by e-commerce and changing consumer habits. Discover strategies for creating futureproof retail spaces that resonate with the next-generation consumer, foster community and drive business success.
  • Explore the growing importance of sustainable practices and learn how businesses can integrate environmental and social responsibility into their operations, from sourcing materials to product delivery. Discover strategies for reducing waste, minimizing environmental impact, and building a more ethical and sustainable future for your brand.

Esteemed speakers include senior executives from AmeriCo Group, AWS, Dollar General, Lush Décor, Mars, PacSun, PIM Brands, and many more.

  • You can view the full conference agenda here.

Post-Conference Cocktail Party

Our carefully curated cocktail party is designed to encourage the exchange of ideas and foster new relationships among leaders, innovators and influencers. Whether you are a seasoned industry expert or a budding entrepreneur, our cocktail party will offer an unmissable opportunity to explore the forefront of retail innovation and unlock valuable connections with fellow professionals and entrepreneurs alike.

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 June 10, 2024, survey), we present new data on the beauty sector specifically, diving into where beauty shoppers make purchases and what they buy.

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

  • Whether consumers have purchased beauty products in the past three months
  • Popular retailers and product categories among beauty 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: Aldi, Amazon, Albertsons, Ahold Delhaize, Costco, Dollar General, Dollar Tree/Family Dollar, Kohl’s, Kroger, Macy’s, Target, 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, Sujeet Naik, Analyst, discusses key findings from our seventh annual US Online Grocery Survey, including insights on Amazon and Walmart’s competitive positioning, consumers’ order-fulfillment preferences and the reasons why shoppers choose a particular retailer.

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 24 of 2024. This week, we focus on key, proprietary survey findings, covering US consumers’ attitudes to theft-prevention measures, their back-to-school shopping plans and their responses to inflation.

Dive into the full research reports behind these data points:

  1. Retail Shrink and ORC: Losing Inventory, Losing Customers—US Consumers’ Response to Theft
  2. US Back to School 2024: How and Where Will Consumers Shop?—Uncovering the Channels and Retailers Set To Capture Share
  3. Responses to Inflation—Fewer Shoppers Are Changing Their Spending Habits: US Consumer Survey Insights
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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: Abercrombie & Fitch, Best Buy, Dollar Tree, Lululemon Athletica

Other relevant research:

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Reasons to Read

What will consumers buy this back-to-school (BTS) season? We continue our US Back to School 2024 series of reports by diving into proprietary survey findings on the product categories that consumers look set to shop this season.

We also explore consumers’ apparel shopping expectations and preferences in more detail, identifying the apparel brands that are likely to capture spending.

Data in this research report include:

  • Product categories that BTS shoppers expect to buy
  • BTS shoppers’ expectations for spending on product categories compared to last year
  • Apparel brands that consumers plan to buy this BTS season
  • Popular apparel and fashion trends for BTS

We break down our overall findings by school level and household income.

Companies mentioned in this report include: Adidas, Amazon, NIKE, Old Navy, Target, Under Armour, Walmart

Other relevant research:

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Reasons to Read

Major drugstore chains play a significant role in the US real estate market, shaping commercial properties across the country. The strategic locations chosen by these establishments not only influence property values and real estate market trends, but also cater to the healthcare needs of their local communities.

We explore the real estate impact of drugstores’ and pharmacies’ evolving business models. We also dive into ongoing store closures in the sector, store traffic at major drugstore chains, and how drugstores and pharmacies are combating retail theft.

Data in this research report include:

  • US drugstores and pharmacies’ total sales and YoY% change, 2018–2027E
  • Total US retail space and estimated net-selling space for major US drugstore retailers
  • Announced store closures and openings for major US drugstore companies, 2020–2023 YTD
  • Store traffic data for major US drugstore retailers, January 2023–March 2024

Companies mentioned in this research report include: Albertsons, Amazon, CVS Health, Hy-Vee, Kroger, Rite Aid, Target, Walgreens Boots Alliance, Walmart

Other relevant research:

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Reasons to Read

Continuing our regular series on retail shrink and organized retail crime (ORC), we focus this month on US consumers’ response to theft. Plus, dive into recent developments on shrink from the US and the UK, as well as recent earnings commentary from major US retailers.

Data in this research report include:

  • Proprietary survey findings—US consumers’ perceptions of and responses to shoplifting and theft-prevention measures

Companies mentioned in this report include: Dick’s Sporting Goods, Dollar General, Dollar Tree, Five Below, The Home Depot, Kroger, Lowe’s, The TJX Companies, Ulta Beauty

Other relevant research:

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Reasons to Read

How and where will consumers shop for back-to-school (BTS) products? We continue our US Back to School 2024 series of reports by diving into proprietary survey findings on the channel and retailers set to capture share this BTS season.

Data in this research report include:

  • BTS shopping expectations by channel—online versus in-store
  • Average planned spend per child on BTS shopping by channel—2023 vs. 2022
  • Where BTS shoppers plan to shop, by retailer—overall and breakdowns by school level and household income
  • Where BTS shoppers plan to shop, by retailer—online versus in-store

Companies mentioned in this report include: Amazon, American Eagle Outfitters, Dollar Tree, Dollar General, Gap, Target, Walmart

Other relevant research:

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Reasons to Read

We kick off our US Back to School 2024 series of reports by diving into proprietary survey findings on US consumers’ spending expectations for the BTS (back-to-school) season!

How much will BTS shoppers spend, and what will influence their purchase decisions? Find out in this comprehensive analysis of consumers’ plans for and attitudes to BTS shopping.

Data in this research report include:

  • When consumers will shop for BTS, 2024 vs. 2023
  • How much consumers expect to spend on BTS per child
  • Whether inflation will impact BTS shopping
  • How much consumers expect to spend on BTS compared to 2023—overall (in dollar and volume terms) and breakdowns by income, geography and school level
  • What consumers plan to buy
  • Where consumers plan to shop
  • Attitudes to BTS shopping—including key influences on purchasing decisions

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

Other relevant research:

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Reasons to Read

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

This week, there are highlights from companies that reported in the week ended June 9, 2024, across five sectors: apparel and footwear, beauty, discount stores, specialty apparel 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: Bath & Body Works, Big Lots, Costco Wholesale, Dollar Tree, Five Below, Lululemon, PVH Corp.

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 & beverage, health & beauty, and general merchandise & homecare.

This edition of the report presents key insights from the four weeks ended April 21, 2024.

Data in this research report include:

  • CPG e-commerce, in-store and total sales growth
  • E-commerce CPG sales growth by category type
  • Food & beverage departments: e-commerce and total sales growth
  • Nonfood departments: e-commerce and total sales growth

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.

In this report, our new findings are from a survey conducted on June 3, 2024. We dive into consumers’ perceptions of and responses to inflation.

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

  • Consumers’ perceptions of and responses to inflation, and its impact on grocery and nongrocery spending
  • 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: Aldi, Amazon, Albertsons, Ahold Delhaize, Costco, Dollar General, Dollar Tree/Family Dollar, Kohl’s, Kroger, Macy’s, Target, Walmart

Other relevant research:

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Reasons to Read

Discover key technology-related insights from the 2024 RICE conference. Dive into the technologies support loss prevention, the need for standardization in retail media, the opportunities for tying together digital gaming and retail, and more!

Companies mentioned in this report include: Albertsons, Mattel, RevTech Ventures, The Home Depot

Other relevant research:

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