Reasons to Read

We analyze China’s retail sales for July 2023, in total and by sector, as well as online retail sales and penetration.

Data in this research report are:

  • Year-over-year changes in China total retail sales (ex. food service; incl. automobiles and gasoline) for the past 13 months
  • Year-over-year changes in retail sales by sector—May, June and July 2023
  • Online retail sales as a proportion of total retail sales, 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.
  • More Coresight Research coverage of retail in China, including our China Consumer Tracker weekly survey reports
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Reasons to Read

The Coresight Research Think Tank series delve into the trends and segments that we have identified as presenting growth opportunities in retail.

In this Think Tank, we provide a reference guide for businesses to understand generative AI (artificial intelligence) and its foundational AI technologies. We discuss retail use cases of generative AI as well as challenges and strategies for AI technology implementation. We explore the technological prerequisites that have paved the way to the advanced AI and generative AI we see today.

Key technologies covered in this report include machine learning, neural networks and deep learning.

Data in this research report include:

  • Global retail revenues generated through AI
  • Global generative AI software market size and growth estimates

Companies mentioned in this report include: Google, IBM, Nvidia, OpenAI

Other relevant research:

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Reasons to Read

We provide an update on retailers and retail-adjacent companies filing for bankruptcy in the US and the UK.

Data in this research report are:

  • Major US and UK retail bankruptcies in 2Q23 and 3Q23 to date

Companies mentioned in this report include: B&M, CPI Luxury Group, Home Bargains, Lunya, Pepco Group (Poundland), Rockport, Tuesday Morning, Wilko

Other relevant research:

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Reasons to Read

Radio-frequency identification (RFID) technology has already led to significant advancements in the fashion industry, and we expect its applications to continue to grow in the future. In this report, we dive into the current state of RFID in fashion, including factors impacting growth, the competitive landscape and potential headwinds for fashion brands and retailers.

Data in this research report include:

  • The global RFID market size for 2022, 2023E and 2028E
  • Proprietary survey data on issues IT decision makers believe impact net revenue
  • Key reasons for shrinkage losses in US retail

Companies mentioned in this report include: Adidas, Avery Dennison, Dick’s Sporting Goods, H&M, Macy’s, NIKE, Walmart, Zara

Other relevant research: 

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Reasons to Read

Following Alipay’s and WeChat Pay’s announcements that they will allow international (non-Chinese) payment cards to be linked to their payment systems for the first time, we assess how these new payment systems announced by WeChat Pay and Alipay will unlock international tourists’ spending, affecting both Chinese and international retailers.

Data in this research report are:

  • International and domestic flight volumes in China, current vs pre-pandemic
  • Pre-pandemic international travelers’ reasons for visiting China
  • Main attractions for pre-pandemic international travelers

Other relevant research:

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Reasons to Read

Using data from the US Census Bureau, we analyze US retail sales in July 2023, in total and by sector.

Data in this research report are:

  • Year-over-year changes in US total retail sales (excluding gasoline and automobiles), July 2022–July 2023
  • Year-over-year changes in retail sales by sector, June 2023 and July 2023

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 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 July 31, 2023.

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

  • Consumer financial health—respondents’ ability to cover bills after losing income, levels of debt and expectations for a financial windfall
  • 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 report include: Aldi, Amazon, Albertsons, Ahold Delhaize, Costco, Dollar General, Dollar Tree/Family Dollar, Kohl’s, Kroger, Macy’s, Target, Walmart

Other relevant research:

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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 13, 2023, across four sectors: apparel and footwear, e-commerce, food and grocery, and luxury. 

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: Alibaba, Capri Holdings, Hanesbrands, Ralph Lauren, Quarte Retail, Under Armour, Weis Markets

Other relevant research: 

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Reasons to Read

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 report on US beauty retailing, in which we will explore the size and trajectory of the US beauty retail market in 2023 and beyond, as well as critical factors impacting market growth. We also discuss e-commerce penetration, distribution channels, the competitive landscape, and key themes and innovators, as well as presenting blue-sky thinking for the market.

Look out for the full report, which will publish on August 21, 2023.

Data in this research report include:

  • Coresight Research estimates on the US beauty retail market’s scale and opportunity for 2023 and beyond

Companies mentioned in this report include: Bath & Body Works, Estée Lauder, L’Oréal, Sephora, Ulta Beauty

Other relevant research:

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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 July 31, 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

Other relevant research:

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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 our outlook for US retail and the consumer economy through the remainder of 2023.

We look at leading indicators of US retail sales, sales growth in the past few years and more.

Other relevant research:

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Reasons to Read

On August 12, 2023, Coresight Research presented at NACDS Total Store Expo 2023 on the topic of generative AI (artificial intelligence) in retail and healthcare.

In this presentation, we discuss the market size of global generative AI software and explore use cases of the technology, leveraging our CORE framework.

Find out which innovator partners can help your generative AI journey—from communicating creatively to enhancing experiences.

Companies mentioned in this report include: AiCure, Digital Wave Technology, Firework, Kroger, Nfinite, Nvidia, Obsess, SAP, Sensormatic, Shopify, Unilever

Other relevant research:

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Reasons to Read

We explore the details and implications of Tapestry’s acquisition of Capri Holdings, announced on August 10, 2023.

Data in this research report on Capri Holdings and Tapestry include:

  • Revenues and revenue growth, FY19–FY23
  • Global reach and product offerings
  • DTC (direct-to-consumer) penetration
  • Brand revenues and operating profit margins
  • Proprietary US consumer survey data—brands purchased by luxury shoppers (May 2023 vs. November 2022)

Companies mentioned in this report include: Capri Holdings, Coach, Kate Spade New York, Jimmy Choo, Kering, LVMH, Prada, Richemont, Stuart Weitzman, Tapestry, Versace

Other relevant research:

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Reasons to Read

Singles’ Day, the largest online shopping festival in the world, is just three months away! As live video has become an increasingly popular shopping channel among Chinese consumers, we look at the latest trends in livestreaming e-commerce to inform brands’ and retailers’ Singles’ Day 2023 preparations.

Data in this report include:

  • Coresight Research estimates on the size of the livestreaming e-commerce market in China, 2023E–2027E

Companies mentioned in this report include: Alibaba (Taobao/Tmall), Apple, Douyin, Little Red Book, Meituan, WeChat

Other relevant research:

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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: Under Armour, Wilko

Other relevant research:

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