What's Inside

We examine what major US, European and Australian retail companies are reporting on capital expenditures (capex)—their investments in physical infrastructure such as stores, distribution and technology.

We also consider how the themes called our in capex activities by the covered retailers (selected Coresight 100 companies) overlap with much of our proprietary BEST framework for retail excellence.

This report is part of our Data Dive series, in which each report offers an essential briefing on topical, need-to-know data.

Data in this research report include:

• Capex and revenues of covered companies—including previous years’ totals, year-over-year changes and current-year guidance
• Capex commentary highlights

Companies mentioned in this research report include: Amazon, BJ’s Wholesale Club, Dollar General, Dollar Tree, Five Below, H&M, Inditex, Lowe’s, Ulta Beauty, Walmart, Wayfair, Weis Markets

Other relevant research:

• The Coresight 100 focus list of retailers and brands
• The Coresight Research BEST framework for retail excellence
• 4Q22 US Earnings Season Wrap-Up: Retailers See Mixed Results as Discretionary Demand Remains Weak
• More reports on capital markets
• The previous report in our Data Dive series, UK Retail Sales Outlook 2023