Deep DiveHome and Home-Improvement Shopping in Focus—Sam’s Club Gains in Latest Quarter: US Consumer Survey Insights Aditya Kaushik, Analyst June 26, 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 June 17, 2024, survey), we present new data on the home and home-improvement retail sectors specifically, diving into where home-furnishing and home-improvement/DIY shoppers make purchases and what they buy. Data in this research report are our latest proprietary survey findings on: Whether consumers have purchased home-furnishing or home-improvement products in the past three months Popular retailers and product categories among home and home-improvement 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: Amazon, Bed Bath & Beyond, Costco, Home Depot, Lowe’s, Target, Walmart Other relevant research: All our research reports on home and home-improvement retailing Our monthly US Retail Sales Outlook reports cover the state of the US housing market 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
InfographicNavigating Digital Transformation: Infographic—Global Hospitality Operations Manik Bhatia, Head of Cobranded Research Sector Lead: Steven Winnick, Vice President—Innovator Services June 26, 2024 Reasons to ReadGiven the combination of consumers’ heightened demand for leisure and travel, the tight labor market, rising unforeseen expenses and volatile macroeconomic conditions, understanding and effectively managing costs and margins has become more crucial than ever. In this infographic, we present research highlights on the challenges and expectations around cost and margin management in the hospitality sector—including hotels, restaurants and other hospitality industries (such as fitness centers and theme parks)—through the lens of digital transformation technologies. Discover how to harness technology to improve cost and margin management! Our analysis is based on a Coresight Research survey of key decision-makers at hospitality businesses globally. This infographic is produced and made available to non-subscribers of Coresight Research in partnership with Workday, a leading cloud-based financial and human capital management software platform. Data in this infographic include: Costs that hospitality businesses found most difficult to control, and unexpected costs they encountered, over the past 12 months—overall and breakdown by geography Technology solutions currently used to manage costs and margins, and top three challenges in using those technologies Top technology that will most positively impact hospitality companies’ ability to proactively identify unexpected costs, and areas in which AI (artificial intelligence) will benefit cost and margin management Other relevant research: Read the full report from Coresight Research x Workday: Navigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and Growth Navigating Digital Transformation: Optimizing Retail Operations Amid Margin Pressure: Coresight Research x Workday View the other infographics in this series, which focus on retailing in North America, Europe and Australia/New Zealand. Workday is a member of our updated Tech 25 focus list, covering retail-technology companies to watch. Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. See all Coresight Research coverage of emerging technology More Innovator Research from Coresight Research This document was generated for
Insight ReportAmazon Prime Day 2024: Preview—Five Key Insights Aditya Kaushik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research June 25, 2024 Reasons to ReadAmazon’s Prime Day shopping event will be held on July 16–17 this year in major countries where Prime services are available (except India). We present five key insights into Prime Day 2024 ahead of the event. Data in this research report include: A comparison of Prime Day metrics over the past three years Proprietary US consumer survey findings—expectations to browse/spend on Prime Day promotions, categories that Prime Day shoppers will shop, the impacts of the back-to-school season, Prime membership rates Other relevant research: More Coresight Research coverage of Amazon’s Prime Day, including from past years Amazon Apparel US Consumer Survey 2024—full report and infographic The Coresight Research Amazon Databank brings together a range of proprietary data on Amazon, with a focus on its US retail operations. All our reports on shopping festivals and holidays 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
InfographicNavigating Digital Transformation in Retail: Infographic—North America in Focus Manik Bhatia, Head of Cobranded Research Sector Lead: Steven Winnick, Vice President—Innovator Services June 25, 2024 Reasons to ReadThe retail landscape is undergoing a significant transformation, driven by the unpredictable economic environment and shifting consumer preferences—given these turbulent and unprecedented times, understanding and effectively managing costs and margins has become more crucial than ever. In this infographic, we present research highlights on the strategies and challenges of cost and margin management in the retail sector via the lens of digital transformation technologies. Discover the path to enhanced profitability in in-store retailing for North American retailers! Our analysis is based on a Coresight Research survey of key decision-makers at medium to enterprise retailers globally. This infographic is produced and made available to non-subscribers of Coresight Research in partnership with Workday, a leading cloud-based financial and human capital management software platform. Data in this infographic include: Costs that retail businesses found most difficult to control over the past 12 months Challenges encountered by retail companies when making their operations adaptive to a fast-changing environment Current investment in technology solutions to manage costs and margins Areas where retailers believe that AI (artificial intelligence) will be beneficial to cost and margin management Other relevant research: Read the full report from Coresight Research x Workday: Navigating Digital Transformation: Optimizing Retail Operations Amid Margin Pressure View the other infographics in this series, which focus on retailing in Europe and Australia/New Zealand, as well as on hospitality operations globally. Navigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and Growth: Coresight Research x Workday Workday is a member of our updated Tech 25 focus list, covering retail-technology companies to watch. Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. See all Coresight Research coverage of emerging technology More Innovator Research from Coresight Research This document was generated for
InfographicNavigating Digital Transformation in Retail: Infographic—Australia and New Zealand in Focus Manik Bhatia, Head of Cobranded Research Sector Lead: Steven Winnick, Vice President—Innovator Services June 25, 2024 Reasons to ReadThe retail landscape is undergoing a significant transformation, driven by the unpredictable economic environment and shifting consumer preferences—given these turbulent and unprecedented times, understanding and effectively managing costs and margins has become more crucial than ever. In this infographic, we present research highlights on the strategies and challenges of cost and margin management in the retail sector via the lens of digital transformation technologies. Discover the path to enhanced profitability in in-store retailing for retailers in Australia and New Zealand! Our analysis is based on a Coresight Research survey of key decision-makers at medium to enterprise retailers globally. This infographic is produced and made available to non-subscribers of Coresight Research in partnership with Workday, a leading cloud-based financial and human capital management software platform. Data in this infographic include: Costs that retail businesses found most difficult to control over the past 12 months Challenges encountered by retail companies when making their operations adaptive to a fast-changing environment Challenges encountered in managing store staffing in times of fluctuating demand Top three current investment in technology solutions to manage costs and margins Other relevant research: Read the full report from Coresight Research x Workday: Navigating Digital Transformation: Optimizing Retail Operations Amid Margin Pressure View the other infographics in this series, which focus on retailing in North America and Europe, as well as on hospitality operations globally. Navigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and Growth: Coresight Research x Workday Workday is a member of our updated Tech 25 focus list, covering retail-technology companies to watch. Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. See all Coresight Research coverage of emerging technology More Innovator Research from Coresight Research This document was generated for
InfographicNavigating Digital Transformation in Retail: Infographic—Europe in Focus Manik Bhatia, Head of Cobranded Research Sector Lead: Steven Winnick, Vice President—Innovator Services June 25, 2024 Reasons to ReadThe retail landscape is undergoing a significant transformation, driven by the unpredictable economic environment and shifting consumer preferences—given these turbulent and unprecedented times, understanding and effectively managing costs and margins has become more crucial than ever. In this infographic, we present research highlights on the strategies and challenges of cost and margin management in the retail sector via the lens of digital transformation technologies. Discover the path to enhanced profitability in in-store retailing for European retailers! Our analysis is based on a Coresight Research survey of key decision-makers at medium to enterprise retailers globally. This infographic is produced and made available to non-subscribers of Coresight Research in partnership with Workday, a leading cloud-based financial and human capital management software platform. Data in this infographic include: Costs that retail businesses found most difficult to control over the past 12 months Challenges encountered by retail companies when making their operations adaptive to a fast-changing environment Current investment in technology solutions to manage costs and margins Top advanced technologies that retailers think will help proactively identify unexpected costs Other relevant research: Read the full report from Coresight Research x Workday: Navigating Digital Transformation: Optimizing Retail Operations Amid Margin Pressure View the other infographics in this series, which focus on retailing in North America and Australia/New Zealand, as well as on hospitality operations globally. Navigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and Growth: Coresight Research x Workday Workday is a member of our updated Tech 25 focus list, covering retail-technology companies to watch. Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. See all Coresight Research coverage of emerging technology More Innovator Research from Coresight Research This document was generated for
Event PresentationWhy the Future of Pricing Is Customer-Centric Coresight Research Sector Lead: Steven Winnick, Vice President—Innovator Services June 25, 2024 Reasons to ReadOn June 18, 2024, Competera hosted Coresight Research for a webinar on the future of pricing in retail. Competera is a pricing solution company that empowers retailers to set and maintain optimal pricing in retail time using AI (artificial intelligence). A Coresight Research survey found that, on average, 52% of retailers cannot execute at least 10% of their promotional campaigns properly, and retailers misprice 10% of their products in any given selling period. This presentation delves into the problem of ineffective pricing and promotion planning, leveraging our proprietary survey findings, and explores the importance and benefits of an optimal pricing strategy. From the reality of AI (artificial intelligence)-driven pricing to the benefits of its adoption, discover how to transform your price planning operations with advanced technology! Featured speakers during the webinar: Alex Galkin, CEO & Co-Founder at Competera Steven Winnick, Vice President of Innovator Services at Coresight Research Manik Bhatia, Head of Custom Research at Coresight Research Don’t miss out! Read the full presentation below. Other relevant research: The Future of Pricing: How AI Is Transforming Price Planning in Retail—a free research report from Coresight Research and Competera All our coverage of emerging technology and retail management More Innovator Research from Coresight Research 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 ReportChina’s 6.18 Shopping Festival 2024: Sales Model Shifts, Low-Price Strategies, New Brands and Livestreaming Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research June 24, 2024 Reasons to ReadThe 6.18 shopping festival is the second largest annual online shopping festival in China. We take a look at Chinese consumer spending and trends during the 2024 event, including sales model shifts, low-price strategies, new brands and livestreaming. Data in this research report include: Timing of the 6.18 shopping festival, by platform Reported 6.18 performance data from Tmall and JD.com Year-over-year growth in sales and daily active users on major platforms during the first phase of the 6.18 shopping festival 2024 Companies mentioned in this report include: Alibaba (Taobao/Tmall), Douyin, JD.com, Kuaishou, Pinduoduo Other relevant research: Key Festivals and Holidays for Promotional Campaigns in China in 2024: Calendar Retail 2024: 10 Trends in China Retail More research reports on e-commerce and China retail 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. 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 ReportThe Power of First-Party Data: Five Ways To Maximize Business Success Sunny Zheng, Analyst Sector Lead: Steven Winnick, Vice President—Innovator Services June 24, 2024 Reasons to ReadFirst-party data (data collected directly from customers or users by a company or organization) present huge opportunities for US brands and retailers to enhance customer satisfaction, boost loyalty and drive revenue growth. In this report, we delve into the ways in which first-party data can maximize the sustainable growth and long-term success of retail businesses. Gain a strategic advantage in today’s hypercompetitive market landscape by understanding the power of first-party data and strategic partnerships with technology providers. From GenAI (generative artificial intelligence) to retail media to technology solutions such as CDPs (customer data platforms), explore the wide-ranging applications and business benefits of first-party data. This report is produced and made available to non-subscribers of Coresight Research in partnership with Treasure Data, an AI (artificial intelligence)-powered customer data platform built for the world’s largest retailers and CPG companies. Data in this research report include: Global GenAI hardware and applications market size, 2024E–2028E US retail media market size, 2022–2028E B2B survey analysis—top-priority business aims, level of confidence regarding future customer loyalty, views on the skillsets of the C-suite US consumer survey analysis—views on data privacy Other relevant research: Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. See all Coresight Research coverage of emerging technology 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
Analyst CornerAnalyst Corner—Speed Shopping: The Quick-Commerce Surge in India, with Manik Bhatia Manik Bhatia, Head of Cobranded Research Sector Lead: Anand Kumar, Associate Director of Retail Research June 23, 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. 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 India’s quick-commerce market, considering its development, competitive edge and future prospects in the e-commerce space. Other relevant research: More Coresight Research reports on India retail and quick commerce Read previous Analyst Corner reports, including last week’s, which discussed key findings from our seventh annual US Online Grocery Survey. This document was generated for
Insight ReportJune 2024 US Retail Sales Outlook: Projecting Further Retail Resilience in the Second Half of 2024 Madhav Pitaliya, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research June 21, 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 June 20, 2024. Data in this research report include: Proprietary Coresight Research 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: May 2024 US Retail Sales: Solid Growth Continues as Department Stores Rebound 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
InfographicThree Data Points We’re Watching This Week John Mercer, Head of Global Research and Managing Director of Retail Research June 21, 2024 Reasons to ReadOur 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 25 of 2024, from our projections for the global generative AI market to trends in US beauty e-commerce. Companies mentioned in this graphic include: TikTok Dive into the full research reports behind these data points: AI Models: Risky Business—Navigating the Challenges of Using AI US CPG Sales Tracker: E-Commerce Growth Accelerates, But Not for Beauty Beauty Shopping in Focus—TikTok Gains in Latest Quarter: US Consumer Survey Insights Access all our US Consumer Survey Insights reports for more on the trends we are seeing from week to week. 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
Store TrackerWeekly US and UK Store Openings and Closures Tracker 2024, Week 25: Casey’s To Open 100 Stores Aaron Mark Dsouza, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research June 21, 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: Casey’s, JCPenney, Torrid, Walmart Other relevant research: The full collection of Weekly US and UK Store Openings and Closures Tracker reports Complementing our weekly 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 year to date (YTD); for the UK, data span 2017 to 2024 YTD. 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 ReportUS Back to School 2024: Retail Outlook John Mercer, Head of Global Research and Managing Director of Retail Research June 20, 2024 Reasons to ReadContinuing our US Back to School 2024 series of reports, we present our retail outlook for the back-to-school (BTS) season, including our spending projections. What should retailers expect this season? Discover the consumer context and its implications for retail to get a step ahead. Data in this research report include: Estimated US BTS consumer spending, by category, 2020–2024E Year-over-year (YoY) change in US retail sales—actual and projected, May 2023–May 2025E Latest figures for leading indicators of US retail sales, including wages, unemployment rate, savings rate Inflation—YoY change in US consumer prices for selected retail categories Proprietary US consumer survey data—expectations for the state of personal finances and the economy; strategies to deal with inflation; BTS purchasing expectations Companies mentioned in this report include: American Eagle Outfitters, Best Buy, Target, Walmart Other relevant research: US Back to School 2024: Preparing for Class—Unveiling Consumer Spending Expectations US Back to School 2024: How and Where Will Consumers Shop?—Uncovering the Channels and Retailers Set To Capture Share US Back to School 2024: Popular Products and Classroom Chic—Which Categories and Apparel Brands Will Dominate the Season? The Coresight Research US Consumer Survey Insights Databank provides insight into US consumer behaviors from our weekly surveys. Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators in the US. The Coresight Research US Retail Sales Databank 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: E-Commerce Growth Accelerates, But Not for Beauty Prerana P Kotian, Data Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research June 20, 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 & beverage, health & beauty, and general merchandise & homecare. This edition of the report presents key insights for the four weeks ended May 19, 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: More reports in our US CPG Sales Tracker series Beauty Shopping in Focus—TikTok Gains in Latest Quarter: US Consumer Survey Insights 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
