Analyst CornerAnalyst Corner—Is GenAI Changing the World? Part One: An Optimistic Outlook, with Charlie Poon Charlie Poon, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research October 27, 2024 Reasons to ReadWelcome 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 Other relevant research: The Coresight Research CORE Framework for Generative AI in Retail All Coresight Research coverage of GenAI in retail Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. Read previous Analyst Corner reports, including last week’s report, which discusses the potential downfall of US drugstore and pharmacy retailers. 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
InfographicThree Data Points We’re Watching This Week, Week 43: US Holiday Focus John Mercer, Head of Global Research and Managing Director of Retail Research October 25, 2024 Reasons to ReadOur Three Data Points We’re Watching This Week series spotlights key data points from this week’s research. Discover key data points we are watching in week 43 of 2024. This week, we focus on the US holiday season, offering findings from proprietary consumer surveys on shopping behavior and expectations as well as our projection for retail sales growth. Dive into the full research reports behind these data points: Holiday 2024—Half of Holiday Shoppers Buy from Amazon: US Consumer Survey Insights Holiday 2024: US Consumer Survey and Retail Outlook—Early Shopping and Deal-Seeking To Define the Season October 2024 US Retail Sales Outlook: Projecting 3% Retail Sales Growth at the Start of the Holiday Season All Coresight Research coverage of US holiday retail The Coresight Research US Holiday Retail 2024 Databank tracks key retail metrics for the holiday season. The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2024, Week 43: Bye Bye, buybuy Baby (Again); Welcome Back, Bed Bath & Beyond Aaron Mark Dsouza, Data Analyst October 25, 2024 Reasons to ReadOur Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. This week, highlights include opening and closure news from Bed Bath & Beyond and buybuy Baby, respectively. This report presents data up to week 43 of 2024, ended October 25, 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: Bed Bath & Beyond, buybuy Baby, CVS Health, Ulta Beauty Other relevant research: The full collection of Store Tracker reports 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 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
Deep DiveRetail-Tech Landscape: Store Associate Enablement Vijay Doijad, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research October 24, 2024 Reasons to ReadStore associate enablement solutions help retailers to improve the efficiency of employees in a retail store, with benefits spanning customer service, employee satisfaction and the retailer’s competitive positioning. Read this Retail-Tech Landscape to understand store associate enablement technology functionality and market trends, and discover technology companies globally that provide solutions across six categories, including customer engagement, task automation, and training and upskilling. Data in this research report include: Total US retail sales and in-store sales penetration and growth trajectory, 2023–2028E Companies mentioned in this report include: Avery Dennison, Impact Analytics, Microsoft, RELEX Solutions, Simbe Robotics, Target, Trax, Walmart, Zebra Technologies 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
Insight ReportUS Dollar Stores Face a Slowdown—Is Temu To Blame? Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research October 24, 2024 Reasons to ReadWhile, historically, dollar stores have been known to thrive during tough economic times, leading US dollar-store chains are currently experiencing sluggish growth. Is Temu a principal reason for the weakness seen at Dollar General and Dollar Tree? We analyze proprietary Coresight Research survey data to assess whether Temu has played a role in the recent underperformance of dollar stores, as well as what Temu means for the US retail space at large. Data in this research report include: Average age and household income of nonfood shoppers at various retailers, including Dollar General, Dollar Tree and Temu, 2024 Proportion of dollar stores shoppers buying nonfood products on Temu and share of total US consumers shopping on Temu, October 2023–September 2024 Proportion of shoppers who switched part of their nonfood spending from another retailer to Temu, October 2024 Companies mentioned in this report include: Amazon, Dollar General, Dollar Tree, Target, Temu, Walmart Other relevant research: Market Outlook: Off-Price Is On Top as Growth Continues Temu Growth and Challenges in the US Market: A Six-Month Follow-Up Weinswig’s Weekly: Temu vs. Shein 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 ReportOctober 2024 US Retail Sales Outlook: Projecting 3% Retail Sales Growth at the Start of the Holiday Season Madhav Pitaliya, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research October 23, 2024 Reasons to ReadThe monthly Coresight Research US Retail Sales Outlook series tracks several major macroeconomic indicators and their likely effect on US retail sales. In this report, we analyze the latest available data as of October 21, 2024. Alongside this report, you can access the data behind key charts and tables in the Excel download above. Data in this research report include: Our projections for retail sales growth by month for the next 12 months US actual retail sales versus model-predicted sales US unemployment rate and labor force participation rate US average hourly wages for all private-sector employees US annualized real disposable income per capita Other relevant research: September 2024 US Retail Sales Outlook: Projecting 4% Sales Growth After Interest Rate Cut The Coresight Research US Retail Sales Databank Click here to view our full collection of monthly reports 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 CoverageChina Consumer 2024: Hearing About Consumer Sentiment, Lifestyle Trends, Social Commerce and Market Entry John Mercer, Head of Global Research and Managing Director of Retail Research October 23, 2024 Reasons to ReadThe Coresight Research team attended China Consumer 2024, an event focused on the consumer economy, hosted by the China-Britain Business Council (CBBC), in London, UK, on October 14, 2024. We discuss key insights from the event, covering consumer sentiment , long-term market opportunities, and more. Other relevant research: Is China’s Stimulus Package Boosting Consumer Sentiment?: China Consumer Survey Insights Letting Growth Off the Leash in China’s Pet Industry: China Retail Insights All Coresight Research coverage of China retail The China Retail Sales Databank brings together retail sales data to help you understand the trajectory of retail in China. This Databank is updated monthly. 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 DiveHoliday 2024—Half of Holiday Shoppers Buy from Amazon: US Consumer Survey Insights Aditya Kaushik, Analyst October 23, 2024 Reasons to ReadThe 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 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 Companies mentioned in this research report include: Amazon, Target, Walmart Other relevant research: Holiday 2024: US Consumer Survey and Retail Outlook—Early Shopping and Deal-Seeking To Define the Season All our coverage of US holiday retail, including our Holiday Survey Bites series of infographics The 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
Insight ReportUS CPG Sales Tracker: In-Store Sales Drive Total CPG Growth Acceleration Prerana P Kotian, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research October 23, 2024 Reasons to ReadThe 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 October 6, 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: More reports in our US CPG Sales Tracker series Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles 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 CoverageGroceryshop 2024: Wrap-Up—Exciting Tech Abounds, but the Physical Store Remains the Center of Commerce John Harmon, CFA, Managing Director of Technology Research October 22, 2024 Reasons to ReadGroceryshop 2024 took place during October 7–9, 2024, in Las Vegas, Nevada, US. Groceryshop is an annual conference that helps businesses navigate the evolving grocery landscape, exploring the latest business models, advanced technologies and shifting consumer behaviors. We present our top takeaways from the conference, across vital themes in the grocery space, such as artificial intelligence (AI), retail media, unified shopping experiences, new growth opportunities, and collaboration and partnerships, among others Coresight Research is a research partner of Groceryshop 2024. Companies mentioned in this report include: Alimentation Couche-Tard, BJ’s Wholesale Club Holdings, Instacart, Mars, McCormick & Company, Mondelēz International, PepsiCo, Reckitt Benckiser, Walmart Other relevant research: We provided insights and highlights in regular coverage reports throughout the event. See all our coverage of Groceryshop 2024. Access all of our coverage of Groceryshop’s related events, under the Shoptalk banner Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. This document was generated for
Event CoverageShoptalk Fall 2024 Day Three: Tech and Personalization Power the Store Experience and Foster Customer Loyalty John Harmon, CFA, Managing Director of Technology ResearchMax Kahn, President October 21, 2024 Reasons to ReadDive into our insights from Shoptalk Fall 2024! The conference, which took place in Chicago, Illinois, during October 16–18, 2024, explored the latest trends, innovations, challenges and opportunities in the retail industry. In this report, we present highlights from the third and final day of Shoptalk Fall 2024, covering unified commerce, personalization, the customer experience, applications of GenAI (generative artificial intelligence) and more. Coresight Research is a research partner of Shoptalk Fall 2024. Companies mentioned in this report include: Bain Capital Ventures, Build-A-Bear Workshop, Dermalogica, Ever/Body, KEEN Footwear, McDonald’s Corporation, PetSmart, Studs, ThredUp, Ulta Beauty, The Wendy’s Company Other relevant research: Access all of our coverage of Shoptalk Fall 2024 and look out for our upcoming wrap-up report to reflect on all our learnings from the entire conference this year. From Omnichannel to Unified Commerce: Elevating Cross-Channel Customer Experiences to the Next Level All Coresight Research coverage of GenAI in retail Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. This report is available for free and can be accessed by registering for a free account. This document was generated for
InfographicHoliday Survey Bites: Resale Shopping and Secondhand Selling John Mercer, Head of Global Research and Managing Director of Retail Research October 21, 2024 Reasons to ReadOur 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 expectations related to resale. Discover US consumers’ plans for secondhand shopping and selling—in total, and broken down by gender and age. Methodology: Insights in the Holiday Survey Bites series draw on findings from online surveys of US consumers aged 18+, conducted by Coresight Research. The data in this graphic are informed by an October 2024 survey of 1,931 respondents who typically spend on the holiday season. At a total level, the results have a margin of error of +/- 2%, at a 95% confidence level. Other relevant research: Secondhand Chic: US Fashion Resale Market Growth Driven by Vintage and Luxury Demand; Signs of Profitability 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. 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 CornerAnalyst Corner: Has the Downfall of US Drugstores Begun?—with Madhav Pitaliya Madhav Pitaliya, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research October 20, 2024 Reasons to ReadWelcome 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, Madhav Pitaliya, Analyst, discusses concerning developments from major drugstore and pharmacy retailers, and dives into the various issues that they are grappling with, including regulatory pressures, low reimbursement rates, and competition from the direct-to-consumer (DTC) model. 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: CVS Health, Eli Lilly, Pfizer, Rite Aid, Walgreens Boots Alliance, Walmart Other relevant research: US Drugstores and Pharmacies: Real Estate Insights—Closures Lead to 8 Million Square Feet of Shuttered Retail Space in 2024 Digital Services and Omnichannel Strategies: Global Learnings in Drugstore and Pharmacy Retailing All Coresight Research coverage of drugstore retailing The Market Sizes Databank offers an overview of key retail market or sector sizes, including Coresight Research projections for future years. Read previous Analyst Corner reports, including last week’s report, which discusses US consumers’ spending expectations for shopping events in the fourth quarter of 2024, based on proprietary survey analysis. This document was generated for
Deep DiveHoliday 2024: US Consumer Survey and Retail Outlook—Early Shopping and Deal-Seeking To Define the Season Aditya Kaushik, Analyst October 18, 2024 Reasons to ReadWhere, when and how will US consumers spend for holiday 2024? We analyze findings from our proprietary Holiday 2024 US Consumer Survey to offer critical insights on the shape of demand and consumers’ shopping expectations for the holiday season. We present our holiday sales projections, examine how shopper behavior will differ this year from last, and assess how the current economic and inflationary environment will impact spending. Data in this research report include proprietary survey findings on: When consumers expect to start holiday shopping Consumers’ holiday spending relative to 2023 Purchase expectations by product category Where consumers expect to shop and their preferred payment methods Companies mentioned in this research report include: Amazon, Kohl’s, Target, TJX, Walmart Other relevant research: All Coresight Research coverage of US holiday retail The 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 Purchase this report. Buy Now This document was generated for
Event CoverageShoptalk Fall 2024 Day Two: Understanding Supply Chain Trends and Enhancing Sustainability Drives Business Success John Harmon, CFA, Managing Director of Technology ResearchMax Kahn, PresidentSteven Winnick, Vice President—Innovator Services October 18, 2024 Reasons to ReadDive into our insights from Shoptalk Fall 2024! Taking place in Chicago, Illinois, during October 16–18, 2024, this new conference from the Shoptalk team explores the latest trends, innovations, challenges and opportunities in the retail industry. In this report, we present highlights from the second day of Shoptalk Fall 2024, covering the supply chain, sustainability, AI (artificial intelligence) strategies and more. Coresight Research is a research partner of Shoptalk Fall 2024. Companies mentioned in this report include: Abercrombie & Fitch, Build-A-Bear Workshop, Fabletics, Havenly, J.Crew Group, Macy’s, McDonald’s, Pinterest, Soona, Target, True Religion, Walmart Other relevant research: Strategic Guide to Shoptalk Fall 2024: Six Key Themes Shaping Retail’s Future Access all of our coverage of Shoptalk Fall 2024 All Coresight Research coverage of sustainability and the supply chain This report is available for free and can be accessed by registering for a free account. This document was generated for
