Reasons to Read

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

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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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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

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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 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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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 24, 2024. We focus on consumers’ outlook for their personal financial situation and the economy.

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

  • Consumers’ expectations for the economy overall and for their household finances in the next 12 months
  • 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

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

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Our new Canada Store Openings and Closures Tracker reports on store openings and closures in Canada.

This report is the first in the series, presenting tracked and announced store openings and closures for calendar 2024, with data as of April 30, 2024. As this is the inaugural report, we also provide a summary analysis of our data for 2023.

Data in this research report include:

  • Tabulated data—major store closures and openings by retailer, 2024
  • Details of tracked and announced developments for 2024 and existing store bases, by retailer
  • 2023 overview—closures and openings by sector and top retailers (charted and tabulated)

Companies mentioned in this research report include: Best Buy, Factory Direct, Loblaws

Other relevant research:

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Read this Retail-Tech Landscape to understand the development and functionality of ERP. We discuss three major sector trends—specialized packages for retailers, its technology transition to cloud-based software-as-a-service packages and the potential benefits of GenAI (generative artificial intelligence).

Discover selected technology companies globally that provide ERP software solutions across four categories: retail, human capital management, large enterprises, and manufacturing and other sectors.

Data in this research report include:

  • Estimated global ERP software market size, 2024–2028

Companies mentioned in this report include: Citrix Systems, Infor, Microsoft, Oracle, Sage Group, SAP, Workday

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.
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On June 26, 2024, Coresight Research hosted the NextGen Commerce conference, which saw industry experts, retailers, brands and technology innovators come together to explore the future of retail.

From shifting power dynamics to the new frontier in omnichannel retail to the AI (artificial intelligence) opportunity landscape, this transformative conference delved into the technology-powered transformation of retail.

This presentation from NextGen Commerce details the conference agenda, sponsors and esteemed speakers.

For those of you who attended the conference, we enjoyed seeing you! For those of you who weren’t able to make it, we hope you will join our next event in December. Stay tuned to coresight.com for the details.

Other relevant research:

  • Read in-depth insights from the NextGen Commerce conference in our comprehensive recap report. Not a subscriber? Read our free event highlights here.
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The NextGen Commerce conference, hosted by Coresight Research in New York on June 26, 2024, brought together industry experts, retailers, brands and technology innovators to explore the future of retail.

In this free report, Deborah Weinswig, CEO and Founder of Coresight Research, offers selected highlights from the event, covering critical topics such as AI (artificial intelligence) and e-commerce.

Are you a premium subscriber? Read more in-depth, exclusive insights from NextGen Commerce in our separate report.

Other relevant research:

  • View the accompanying infographic for this report, which presents highlights from the event, by clicking the download link above!
  • Listen to the Retaili$tic podcast (S4.EP25) for more on the NextGen Commerce conference.
  • More research reports on generative AI and sustainability
  • Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology.
  • Keep up to date with future events here to make sure you don’t miss out.

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, Anand Kumar, Associate Director of Retail Research, discusses e-commerce giant Amazon’s massive investment commitments in its AWS European Sovereign Cloud.

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Reasons to Read

The NextGen Commerce conference, hosted by Coresight Research in New York on June 26, 2024, brought together industry experts, retailers, brands and technology innovators to explore the future of retail.

This report, exclusively available to Coresight Research premium subscribers, provides key insights from the full event. Catch up on what you missed, or reflect on what you heard, by diving into our comprehensive coverage.

Explore shifting power dynamics, discover the new frontier in omnichannel retail, understand the AI (artificial intelligence) opportunity landscape, and reshape retail through sustainability. Be part of the technology-powered transformation of retail with Coresight Research!

Not a subscriber? Become one to access our exclusive insights! In the meantime, read our free event highlights here.

Other relevant research:

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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: Harbor Freight Tools, Lidl, Menards, Zara

Other relevant research:

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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 26 of 2024, with a focus on shopping festivals and holiday retail. Discover our projection for US holiday retail sales as well as insights on Amazon’s Prime Day and China’s 6.18 shopping festival.

Companies mentioned in this graphic include: Amazon, Douyin

Dive into the full research reports behind these data points:

  1. Amazon Prime Day 2024: Preview—Five Key Insights
  2. China’s 6.18 Shopping Festival 2024: Sales Model Shifts, Low-Price Strategies, New Brands and Livestreaming
  3. Holiday 2024: Early US Retail Outlook
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Our Market Navigator series offers in-depth, data-rich views of a retail, consumer or technology sector. This Research Preview provides an early look at our upcoming Market Navigator report on US apparel and footwear retailing.

Gain insights into emerging ideas and opportunities in the US apparel and footwear market, understand the competitive landscape, and explore survey data. We also provide a sneak peek of the themes we are watching in the market, aligning with our proprietary RESET framework.

Look out for our full report in two week to explore these topics in further detail and to discover key insights about market factors, the macro context and more.

Companies mentioned in this report include: Adidas, Amazon, Burlington Stores, Deckers Outdoor, Foot Locker, Lululemon Athletica, Macy’s, Nordstrom, Ralph Lauren, Ross Stores, Target, Urban Outfitters, Walmart, Zalando

Other relevant research:

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Take an early look at the likely trajectory in retail demand for the 2024 holiday season! We present our retail sales growth projections and discuss consumer sentiment, inflation, the holiday calendar and more.

Data in this research report include:

  • Year-over-year change in total US retail sales—actual and projected, May 2023–May 2025
  • Proprietary survey findings—US consumers’ spending expectations and actual behavior for the holiday season, 2023 vs. 2024; expectations for their personal financial situation and the economy; changes in shopping habits in response to inflation
  • Latest metrics for leading indicators of US retail sales—including unemployment rate, wages and consumer sentiment
  • US CPI, October 2023–May 2024
  • November and December 2024 calendars
  • Seasonal weather forecast

Companies mentioned in this report include: Amazon, Burlington Stores, Kohl’s, Macy’s, Shein, Target, Temu, The TJX Companies, Walmart

Other relevant research:

  • All Coresight Research coverage of US holiday retail
  • Our full series of US Consumer Tracker and US Consumer Tracker Extra survey reports
  • Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators in the US.
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