Deep DiveFrom Omnichannel to Unified Commerce: Elevating Cross-Channel Customer Experiences to the Next Level Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research September 11, 2024 Reasons to ReadToday, consumers wish to seamlessly navigate between online, mobile and in-store channels—moreover, they desire a consistent, personalized experience across all touchpoints. To meet these modern, evolving demands, retailers are beginning to move beyond “omnichannel” and toward the integration of all channels and touchpoints onto a single platform, also known as “unified commerce.” In this research report, we dive into the ways in which consumers are blending their online and offline shopping habits. We also analyze the impact of multiple purchasing channels on consumer behavior and discuss key technologies driving the unified commerce trend. This report is made available to non-subscribers of Coresight Research through its sponsorship by Locus. Data in this research report include proprietary survey analysis of: US consumers’ shopping habits across multiple channels and their channel preferences Reasons why US consumers use BOPIS (buy online, pick up in-store), curbside pickup and social media shopping options Key challenges faced by brands and retailers in the last mile Companies mentioned in this report include: Academy Sports + Outdoors, American Eagle Outfitters, Kroger, Locus, NIKE, Salsify, Target, Ulta Beauty, Walmart Other relevant research: Style and Substance Through Value-Add Services and Omnichannel Strategies: Global Learnings in Apparel Retailing The High-Tech High End: Solutions Elevating Supply Chain and Operations in Luxury Retailing RetailTech: RFID Is the Technology That Keeps on Giving to Retailers (and Associates and Consumers) Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. Non-subscribers can access the report by completing the form on this page. The report will arrive in your inbox upon completion of the form. 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 DiveResponses to Inflation—Frugal Habits Continue: US Consumer Survey Insights Aditya Kaushik, Analyst September 10, 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 (with the latest data from our September 2, 2024, survey), we dive into consumers’ responses to inflation. Data in this research report are our latest proprietary survey findings on: Consumers’ perceptions of 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: Amazon, Dollar Tree/Family Dollar, Walmart Other relevant research: 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
Deep DiveAI and Unified Data: Empowering Next-Generation Product and Shopper Intelligence Vijay Doijad, Analyst Sector Lead: Steven Winnick, Vice President—Innovator Services September 10, 2024 Reasons to ReadThe integration of AI (artificial intelligence) and modern product intelligence platforms is essential for retailers to unlock new efficiencies, deepen customer relationships and position themselves ahead of competitors in today’s digital-first environment. In this report, we detail the importance for companies in consumer industries (including retail and healthcare) to embrace a next-generation technology architecture focused on innovation, productivity and profitability. Key Learnings: Navigate the complex technological landscape by understanding critical challenges that consumer companies face in managing data Explore the key characteristics and operational features of modern data-management platforms Discover the critical business benefits of AI and unified data through modern platforms to gain a competitive edge in consumer industries Data in this research report include: Estimated global GenAI hardware and applications market size and growth trajectory Proprietary survey data on pricing and promotion inefficiencies among US brands and retailers This report is produced and made available to non-subscribers of Coresight Research in partnership with Digital Wave Technology, an AI solutions provider for brands and retailers, focusing on data management, product experience and marketing. Other relevant research: Revolutionize Your Product Launch Strategy: Leveraging Generative AI Applications for Enhanced Speed and Profitability—a free research report from Coresight Research and Digital Wave Technology Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. Read more reports on retail management and generative AI More Innovator Research from Coresight Research Non-subscribers can access the report by completing the form on this page. The report will arrive in your inbox upon completion of the form. 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 CoverageYour Guide to Groceryshop 2024: Five Key Themes Driving Growth and Innovation in Grocery and CPG Retail Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research September 9, 2024 Reasons to ReadCoresight Research is a research partner of Groceryshop 2024, an annual conference that helps businesses navigate the evolving grocery landscape, exploring the latest business models, advanced technologies and shifting consumer behaviors. The conference will take place during October 7–9 in Las Vegas, Nevada, US. Plan your time at Groceryshop 2024 with this essential guide to key sessions across five themes in grocery and CPG retail, from retail media to unified shopping experiences. We also highlight the “Shark Reef” Startup Pitch competition (which will take place on the first day of Groceryshop), as well as the sessions in which Coresight Research will participate. Don’t miss out on opportunities to drive growth and innovation in your business! We look forward to seeing you at Groceryshop 2024. This report was first published on September 9, 2024. We updated some details on October 2, 2024. Other relevant research: Complementing this guide, the Coresight Research Retaili$tic podcast previewed Groceryshop 2024 in an episode released on September 24, 2024 (S4, Ep37). Tune in to hear critical insights from Deborah Weinswig, CEO and Founder of Coresight Research, on a range of grocery and CPG retail topics! Catch up on insights from previous Groceryshop events and look out for our daily coverage of Groceryshop 2024 here. Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. All our coverage of retail media This document was generated for
Analyst CornerAnalyst Corner—Electronic Shelf Labels Are Here To Stay, with John Harmon John Harmon, CFA, Managing Director of Technology Research September 8, 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, John Harmon, Associate Director of Technology Research, discusses consumer sensitivity to the notion that electronic shelf labels in grocery stores could be used to implement surge pricing and gouge already price-weary consumers. 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. Other relevant research: Retail-Tech Landscape—Food Technology Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. 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 rise of GLP-1 drugs for weight loss in the US. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2024, Week 36: Foot Locker To Close Nearly 150 Stores Aaron Mark Dsouza, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research September 6, 2024 Reasons to ReadOur 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: Dollar General, Foot Locker, Gap Inc., 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
InfographicThree Data Points We’re Watching This Week: US Real Estate Focus John Mercer, Head of Global Research and Managing Director of Retail Research September 6, 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 36 of 2024, with a focus on US real estate. Dive into the full research reports behind these data points: 1 & 2. US Store Tracker Extra, August 2024 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. US Healthcare: Real Estate Insights—Gyms, Malls, Grocers and More Enter the Retail Health Space Premium subscribers can access more research on real estate here. This document was generated for
Store TrackerUS Store Tracker Extra, August 2024: Big Lots and Macy’s Contribute to 83 Million Square Feet of Total Closed Retail Space for 2024 Aaron Mark Dsouza, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research September 4, 2024 Reasons to ReadAnnounced store closures by Big Lots and Macy’s in August contribute a combined 20+% to the planned 83 million square feet of closed retail space for 2024, Coresight Research estimates. 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; we offer insights into announced developments as of August 30, 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 US retail bankruptcies, 2024 vs. 2023 Companies mentioned in this report include: Big Lots, Harbor Freight Tools, LL Flooring, Macy’s, Rite Aid Other relevant research: Read more research reports covering physical retail 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. 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
Insight ReportEarnings Insights 2Q24, Week 6: Mixed Results from Bath & Body Works, Best Buy and Burlington Madhav Pitaliya, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research September 3, 2024 Reasons to ReadOur weekly Earnings Insights reports feature highlights from recent management commentary from major US retailers within our Coresight 100 coverage list as they report second-quarter 2024 earnings. This week, there are highlights from companies that reported in the week ended September 2, 2024, across six sectors: apparel and footwear, beauty, department stores, discount stores, electronics retailers and specialty apparel. 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: Best Buy, Bath & Body Works, Burlington, Dollar General, Kohl’s Other relevant research: Explore all our Earnings Insights reports, including quarterly wrap-ups. 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 DiveDepartment Stores in Focus—Kohl’s and Macy’s Lead the Way: US Consumer Survey Insights Aditya Kaushik, Analyst September 3, 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 (with the latest data from our August 26, 2024, survey), we present new data on the department store sector specifically, diving into where department-store shoppers make purchases and what they buy. Data in this research report are our latest proprietary survey findings on: Whether consumers have purchased products at department stores in the past three months Popular retailers and product categories among department-store 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: CVS, Rite Aid, Walgreens Boots Alliance, Walmart Other relevant research: US Department Stores—Retail 2024 Sector Outlook Macy’s Announces 150 Store Closures—A Turnaround Effort To Drive Performance More research coverage of department stores Every 12 weeks, we survey consumers about each major retail sector, and we include that data in full in our US Consumer Survey Insights Databank. Look out for focused analysis on more retail sectors in future reports in our US Consumer Survey Insights report series. 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 DiveUS Healthcare: Real Estate Insights—Gyms, Malls, Grocers and More Enter the Retail Health Space Madhav Pitaliya, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research September 2, 2024 Reasons to ReadBuilding on our recent Market Navigator on the US healthcare market, Coresight Research explores the impact that growing retail health offerings are having on the real estate footprints of retailers across various sectors. Data in this research report include: Personal healthcare spending in the US, and year-over-year changes, 2019–2028E Proprietary survey data on why US consumers would visit a retail health clinic and what factors would contribute to their selection of a clinic Proprietary survey data on the use of GLP-1 drugs among US consumers Average price per clinic at selected major retail clinics Companies mentioned in this report include: Amazon, CVS Health, Kroger, Lululemon Athletica, NIKE, Target, Walgreens Boots Alliance, Walmart Other relevant research: Market Navigator: US Healthcare—Evolving To Become More Personalized and Consumer-Focused US Drugstores and Pharmacies: Real Estate Insights—Closures Lead to 8 Million Square Feet of Shuttered Retail Space in 2024 Generative AI for US Retail Pharmacies and Healthcare: Satisfying Customers through Automation and Personalization AI Is Revolutionizing Healthcare: Four Applications, Countless Benefits 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—Inside the GLP-1 Boom in the US, with Madhav Pitaliya Madhav Pitaliya, Analyst September 1, 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 at Coresight Research, discusses the state of the GLP-1 drug market in the US. Understand key data on obesity rates and recent sales results for weight-loss drugs in this free research report. 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. Other relevant research: Decoding the GLP-1 Trend: How Is the Ozempic Economy Impacting CPG Retail? What the Ozempic Economy Means for US Retail Data Dive: The Global Obesity Economy—Shaped by the Spending of 1 Billion Consumers Read previous Analyst Corner reports, including last week’s report, which discusses headline data about China’s declining population. This document was generated for
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2024, Week 35: US Store Closures Up 44% Year Over Year Aaron Mark Dsouza, Data Analyst August 30, 2024 Reasons to ReadOur 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: Amazon, JCPenney, Macy’s, Williams-Sonoma 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
InfographicThree Data Points We’re Watching This Week Coresight Research August 30, 2024 Reasons to ReadOur Three Data Points We’re Watching This Week series spotlights key data points from this week’s research. Discover key US-focused data points we are watching in week 35 of 2024, covering CPG sales growth, shopper penetration for luxury brand Dior, and US store closures. Dive into the full research reports behind these data points: US CPG Sales Tracker: CPG E-Commerce Registers Highest Growth Rate Since August 2022 Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. Luxury Shopping in Focus: US Consumer Survey Insights Visit the Coresight Research Fashion and Luxury Hub to explore sector data, reports and company profiles. Weekly US and UK Store Openings and Closures Tracker 2024, Week 35 Access the Coresight Research Retail Industry Databanks for comprehensive, global data on store developments, consumer behavior, financial guidance updates, market sizes and more! This document was generated for
Deep DiveDigital Services and Omnichannel Strategies: Global Learnings in Drugstore and Pharmacy Retailing Aditya Kaushik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research August 29, 2024 Reasons to ReadThe digital revolution is significantly transforming the drugstore sector globally, but drugstores and pharmacy retailers continue to face challenges. Building on our Market Navigator on drugstore retailing, we explore how leading sector retailers in the US, the UK, Europe, India and China are navigating the dynamic market landscape. Dive into the innovative strategies that retailers are employing to gain and maintain a competitive edge, from retail media to omnichannel practices and technology integration. Data in this research report include: Estimated market size and growth trajectories through 2028—Pharmacies market in the US, the UK, Europe, China and India; US retail media market Companies mentioned in this report include: Advertima, Alibaba, Atida, BD Rowa, CVS Health, JD.com, MedPay, TopPharm, Walgreens Boots Alliance Other relevant research: Market Navigator: US Drugstore and Pharmacy Retailers—A Strong Focus on Healthcare Expansion in 2024 and Beyond US Drugstores and Pharmacies: Real Estate Insights—Closures Lead to 8 Million Square Feet of Shuttered Retail Space in 2024 Top Tech for US Drugstores and Pharmacies: A Prescription for Digitally Enabled Success Drugstore and Pharmacy Shopping in Focus—CVS and Walgreens Are the Top Choices: US Consumer Survey Insights More 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. 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
