Reasons to Read

The US Federal Trade Commission (FTC) has sued to block Tapestry’s acquisition of Capri Holdings. How would the proposed deal impact global luxury retail competition and consumer choice? We explore the merger’s implications and consider the FTC’s claims, leveraging proprietary US consumer survey analysis.

Data in this research report include:

  • Capri Holdings and Tapestry’s combined revenues and market share—global and US
  • Proprietary US consumer survey findings—brands that luxury shoppers have purchased

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Consumer packaged goods (CPG) brands and grocery retailers are currently operating in a volatile environment, one that presents unique challenges and numerous opportunities. To succeed in this unpredictable environment, brands and retailers must observe and analyze both the broad trends and subtle shifts in consumer behavior to uncover valuable insights that can help them make more informed decisions. We discuss key ongoing consumer shopping trends in the US grocery landscape, using proprietary Coresight Research consumer survey data, as well as data from Circana and Placer.ai. We also examine store traffic, dwell time, sales and price-per-unit data, as well as trends in the private-label space.

Data in this research report include:

  • Proprietary survey data on how consumers are changing their grocery shopping habits in response to inflation
  • Year-over-year changes in weekly grocery store visits and average dwell time
  • Year-over-year growth in dollar and unit sales for the food and nonfood categories
  • Year-over-year changes in the price-per-unit of CPG products

Companies mentioned in this report include: Albertsons, Aldi, Costco Wholesale, Grocery Outlet, The Kroger, Sprouts Farmers Market, Target

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How is “Just Walk Out” technology progressing? Discover developments and trends in AI, (artificial intelligence) RFID (radio-frequency identification), computer vision and more that are enabling frictionless checkout at retail stores. We discuss self-checkout, retail shrink, the latest news from Amazon, and more.

This report is part of our RetailTech series, which explores developments, insights and implications related to established and emerging technologies that are shaping the retail landscape.

Data in this research report include:

  • US market size for checkout and payment technology, 2017–2027E
  • US shrink rates for transactions via self-checkout versus cashier, according to Grabango

Companies mentioned in this report include: Amazon, AiFi, Aldi, Grabango, Sensormatic, Target, Trigo, Uniqlo, Walmart

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Ross Stores announced that it plans to open more than 2 million square feet of retail space in 2024. Explore the details of its recently announced store opening plan and discover other US retailers’ store closure and opening announcements from April 2024, including their square-footage impact, in this report.

This report is part of our monthly US Store Tracker Extra series, and we offer insights into announced developments as of April 26, 2024.

Data in this report are:

  • Year-to-date (YTD) announced 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: 99 Cents Only Stores, 7-Eleven, Express, Publix Super Markets, Ross Stores, Urban Outfitters, Walmart, Wayfair

Other relevant research:

  • View our full collection of Weekly US and UK Store Openings and Closures Tracker and monthly US Store Tracker Extra
  • 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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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 April 28, 2024, across five sectors: apparel and footwear, beauty, CPG, food and grocery, and home and home improvement.

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, Columbia Sportswear, Kimberly-Clark Corporation, Levi Strauss & Co, L’Oréal, Procter & Gamble (P&G), Skechers, Tractor Supply Company

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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.

In this report, our latest findings are from a survey conducted on April 22, 2024.

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

  • How long consumers could cover their bills after losing their income
  • Unsecured debt as a proportion of monthly household income
  • Consumers’ expectations for the economy overall and for their own personal financial situation
  • 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

Companies mentioned in this research report include: Amazon, Albertsons, Dollar General, Dollar Tree/Family Dollar, Kohl’s, Kroger, Macy’s, Target, Walmart

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On April 27, 2024, Deborah Weinswig, CEO and Founder of Coresight Research, presented on AI (artificial intelligence) at the NACDS Annual Meeting 2024. What happened during her session, “The AI Revolution: Unveiling Opportunities for Growth and Innovation”?

  • Insightful analysis: Deborah provided a comprehensive overview of how AI is revolutionizing the retail industry, offering new opportunities for growth.
  • Engaging discussion: The presentation sparked a lively discussion, showcasing the keen interest in AI’s potential.
  • Expert guidance: With her deep industry knowledge, Deborah outlined actionable strategies for businesses to harness AI effectively.
  • Future outlook: The session touched upon the future of retail, emphasizing agility and innovation as key drivers for success.

Data in this presentation include:

  • US retail outlook
  • Economic impact of GenAI (generative AI)

Weinswig presents at the NACDS Annual Meeting 2024
Source: NACDS

 

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Coresight Research estimates that Amazon sold over $56 billion in clothing, footwear and apparel accessories in the US in 2023—over 70% more than its nearest competitor.

We present highlights from our seventh annual Amazon Apparel US Consumer Survey research report, which explores the preferences and habits of US clothing and footwear shoppers on Amazon.com.

In this infographic, we answer three key questions:

  • How popular is Amazon.com among apparel shoppers?
  • Does Prime membership influence apparel shopping?
  • Why do apparel shoppers buy from Amazon?

Proprietary survey data in this infographic include:

  • Proportions of US shoppers who have bought and expect to buy apparel from Amazon.com, 2018–2024
  • Change in apparel spending on Amazon.com by Amazon apparel shoppers compared to one year earlier, 2020–2024
  • Proportion of US apparel shoppers who made an apparel purchase—breakdown by Prime membership status, 2024
  • Apparel shoppers’ reasons for shopping on Amazon.com, 2024

Other relevant research:

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Since 2018, we have conducted an annual survey of US consumers to shed light on their clothing and footwear shopping patterns and habits on Amazon.com. Our seventh annual survey of clothing and footwear shoppers was undertaken in March 2024 and featured 2,001 US consumers. We examine our survey’s findings in detail, as well as provide valuable insights that draw from our comprehensive, seven-year dataset.

Proprietary survey data in this research report include:

  • The proportion of US shoppers who have bought apparel from Amazon over the past year
  • The proportion of US shoppers who expect to buy apparel from Amazon over the coming 12 months
  • The proportion of US apparel shoppers who made an apparel purchase via a Prime membership over the past year
  • Apparel shoppers’ reasons for shopping on Amazon.com
  • The most purchased brands on Amazon.com
  • Where US shoppers have purchased apparel from in the past 12 months (including Amazon)

Companies mentioned in this research report include:  Amazon, NIKE, Target, Shein, Temu, Walmart

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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, Manik Bhatia, Head of Custom Research, discusses the complexities of retail pricing and the opportunity for AI (artificial intelligence) integration.

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: Express, Poundland, Urban Outfitters, Walmart

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

From consumer views on the US economy to retail sales growth projections to consumer use of AI, discover the key data points we are watching in week 17 of 2024.

Dive into the full research reports behind these data points:

  1. Revealing Divisions in Consumer Sentiment: US Consumer Survey Insights Extra
  2. April 2024 US Retail Sales Outlook: Projecting Low-Single-Digit Growth Amid Growing Disposable Income
  3. What Do US Consumers Think About Generative AI?
  • Click here to explore more research on US retail and technology.
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The need for demand for advanced demand-forecasting tools has evolved with the digitalization, increasing complexity and heightened competition of the retail landscape today.

We discuss demand-forecasting trends for retail (including the impacts of generative AI) and present selected technology providers globally that provide software solutions for demand forecasting and planning—from enterprise software to grocery-focused solutions to supply chain management technology.

Companies mentioned in this report include: Afresh, HIVERY, Impact Analytics, Microsoft, Oracle, Prevedere, RELEX Solutions

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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 explore how US consumer sentiment has changed over the last six months, as discussed in our US Consumer Survey Insights report published last week. We analyze consumer sentiment around whether consumers expect their household financial situation to improve or worsen over the next 12 months, as well as their expectations for the US economy over the coming year.

This report also includes 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:

  • Consumers’ expectations for the US economy over the next 12 months, broken down by income, age group and geography
  • Consumers’ expectations for their own financial situation over the next 12 months, broken down by income, age group and geography
  • Aggregated monthly data on activities, avoidance, online and in-store shopping, and food and nonfood retailers consumers shopped with, September 2023–April 2024

Other relevant research:

  • Read the full series of US Consumer Survey Insights and US Consumer Survey Insights Extra reports.
  • The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys.
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RFID (radio-frequency identification) enables inventory accuracy, but what else does it offer? Discover the technology’s numerous benefits—for retailers, associates and consumers—in this report.

This report is part of our RetailTech series, which explores developments, insights and implications related to established and emerging technologies that are shaping the retail landscape.

Data in this research report include:

  • Global RFID market size, 2024E–2028E

Companies mentioned in this report include: Avery Dennison, Amazon, Burlington, Canada Goose, Impinj, Oracle, PervasID, Walmart, Zebra Technologies

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