Reasons to Read

The Coresight Research US Apparel and Beauty Spending Tracker provides a monthly update on the trajectory of consumer spending on beauty, clothing and footwear. Our latest report covers spending from July 2023, showing that clothing and footwear spending increased by 3.1% year over year.

Data in this report include:

  • US consumer spending on clothing and footwear year-over-year percentage change, July 2022–July 2023
  • US consumer spending on clothing by category year-over-year percentage change, July 2022–July 2023
  • US consumer spending on footwear year-over-year percentage change, July 2022–July 2023
  • US consumer spending on selected beauty categories year-over-year percentage change, July 2022–July 2023

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Reasons to Read

The Coresight Research Quarterly Economic Update discusses macroeconomic indicators—GDP, consumer spending and inflation—from the US, the UK, the EU (European Union) and China.

In this report, we look at the second quarter of 2023 (2Q23), using the latest data available as of August 24, 2023.

Data in this report include:

  • GDP—quarter-over-quarter changes in the US, the UK, France, Germany, the EU and China
  • Consumer spending—quarter-over-quarter changes in US seasonally adjusted personal consumption expenditure, UK real household final consumption expenditure and real final consumption expenditure in France and Germany
  • Inflation—three-month averages for US CPI annual rates, UK CPIH annual rates and annual inflation rates in the EU, France, Germany and China

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The Coresight Research team attended eTail Boston 2023 during August 21–24, 2023. The conference brought together retail leaders to discuss disruptive strategies and innovative ideas in the field of e-commerce and omnichannel retail.

Catch up on the highlights from the event with our report; we present our top five insights, exploring the retail industry’s focus on omnichannel, experiential, data-driven retail.

Companies mentioned in this report include: Aetrex, ChannelEngine, Crocs, Hivessence, Kohl’s, Lowe’s, Sweetwater, Tailored Brands

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Reasons to Read

The Generative AI Latest series provides regular updates on generative AI (artificial intelligence) developments globally—from retailers, governments, and platform and solution providers.

Learn about key trends in the space; topics in this report include Nvidia’s new solutions (announced at SIGGRAPH 2023), the rise of Google as a preferred cloud provider, and US consumer concern around the future impacts of generative AI.

Companies mentioned in this report include: FiscalNote, ForwardLane, Google, IBM, Innit, Lumi AI, Nvidia, OpenAI

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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:

  • 2023 week-by-week comparisons of announced store closures and openings in the US and the UK
  • 2022 week-by-week comparisons of announced store closures and openings in the US and the UK
  • 2023 major US store closures and openings
  • 2023 major UK store closures and openings

Companies mentioned in this research report include: Family Dollar, Clintons

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Reasons to Read

Using data from RetailNext, we analyze US retail traffic and in-store metrics in July 2023, in total and by sector, region and location type.

Data in this report include:

  • Year-over-year changes in US store-based traffic and sales for the past 13 months
  • Year-over-year changes in US store-based nonfood retail metrics for the past 13 months—including conversion, ATV, shopper yield and average unit retail
  • Year-over-year changes in US retail traffic for selected industry verticals, for the past 13 months

Other relevant research:

  • Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on China, the UK and the US.
  • Complementing our monthly reports, the Coresight Research US Retail Sales Databank brings together retail sales data to help you understand the scale and trajectory of US retail.
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Reasons to Read

The monthly Coresight Research Leading Indicators of US Retail Sales series tracks several major macroeconomic indicators and their likely effect on US retail sales. This report analyzes the latest available data as of August 28, 2023.

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

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On August 29, 2023, Google hosted its “Think Retail on Air” virtual event focused on preparing businesses for the holidays. Coresight Research presented on how retailers should rethink their strategy for the 2023 holiday season and beyond.

Read our presentation for a macro view of holiday 2023 and to discover our survey-driven insights on consumer attitudes and expectations. We debunk three myths of holiday readiness to help you get ahead for the holiday season.

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Reasons to Read

Our 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 2023 earnings.

This week, there are highlights from companies that reported in the week ended August 27, 2023, across eight sectors: apparel and footwear, beauty, department stores, discount stores, home and home-improvement, pet care, specialty apparel and warehouse clubs. 

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: Coty, BJ’s Wholesale Club, Burlington Stores, Dollar Tree, Lowe’s, Petco Health and Wellness Company, Guess?, Kohl’s, Macy’s, Nordstrom, Ulta Beauty, Urban Outfitters

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Reasons to Read

The Coresight Research monthly US Consumer Tracker Extra series offers a more detailed or specific take on trends and data from our weekly surveys of US consumers.

In this report, we offer an analysis of different demographics’ shopping patterns online and in-store based on our proprietary survey data in year-to-date 2023.

We also include results from our weekly survey questions through August 21 aggregated in four-week increments over the past seven months,  increasing the sample size of each period from about 400 to about 1,600. These aggregated results will be included in each US Consumer Tracker Extra from now on.

Data in this research report are:

  • Food and nonfood shopper profiles for each major retailer, broken down by age and household income, YTD 2023
  • Total urban vs rural ratings of each retailer’s food and nonfood consumer base
  • Aggregated monthly data on activities, avoidance, online and in-store shopping, and food and nonfood retailers consumers shopped with YTD in 2023

Companies mentioned in this 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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Reasons to Read

Our Monthly Consumer Update analyzes key consumer indicators from the US, the UK and China. In this report, we examine the latest data as of August 28, 2023, covering inflation, earnings, retail sales and more.

Data in this research report are: 

  • Average weekly earnings versus consumer prices in the US and the UK
  • Per capita disposable income versus consumer prices in China
  • Consumer prices for food at home and gasoline (automotive fuel) in the US, the UK and China
  • Total retail sales (ex. automobiles and automotive fuel) in US, the UK and China

Other relevant research:  

  • The Coresight Research US Retail Sales Databank brings together retail sales data to help you understand the scale and trajectory of US retail.
  • Our full collection of monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on the US, the UK and China
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Reasons to Read

The Coresight Research weekly US Consumer Tracker takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data.

In this report, we present findings from our survey conducted on August 21, 2023.

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

  • Which retailers consumers have bought food and nonfood products from in the last two weeks
  • What products consumers have bought in-store and online in the last two weeks
  • Activities that consumers have done in the past two weeks
  • Avoidance of public places, by type of public place—latest data and four-week PPT changes

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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Reasons to Read

The Coresight Research weekly China Consumer Tracker 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 survey conducted on August 14, 2023.

Data in this research report are:

  • Activities that consumers have done in the past two weeks
  • Avoidance of public places, by type of public place—latest data and one-and four-week PPT changes
  • What products consumers have bought in-store and online in the last two weeks
  • Expectations for economic conditions and personal finances in the next 12 months
  • A timeline of selected Covid-19 policy changes in China

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Reasons to Read

Each report in the Weinswig’s Weekly series reflects on a topical theme in retail. We also highlight our key research from the past week and upcoming reports to look out for, so you don’t miss out.

This week’s note, “From the Desk of Deborah Weinswig,” discusses the US beauty market. We assess trends and factors affecting growth in the US beauty retail market for 2023 and beyond.

Other relevant research:

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Reasons to Read

In this Insights Video, Swarooprani Muralidhar, Director of Research and Managing Director of Health Care, and John Mercer, Head of Global Research and Managing Director of Data-Driven Research, present highlights from the Coresight Research Market Navigator on US beauty retailing. They discuss growth drivers and the competitive landscape of the market, and explore key themes in US beauty.

Data in this Insights Video include:

  • US beauty market size and year-over-year growth rates for 2018–2027E
  • Category shares for the US beauty market for 2017, 2022 and 2027E
  • Online sales as a percentage of total sales for the US beauty market for 2018–2027E
  • Proprietary survey data on where and why US consumers buy their beauty products

Companies mentioned in this Insights Video include: Estée Lauder, Sephora, Target, Ulta Beauty, Walmart

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