Reasons to Read

The Coresight Research team attended Oracle’s annual Retail Cross Talk event, which was held on July 17–19, 2023.

We present key insights from the event, covering the company’s recent developments in AI, its integration with Uber, and more.

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Reasons to Read

How can generative AI (artificial intelligence) drive benefits in pharmacy retail and healthcare?

Learn about the opportunities that generative AI presents in addressing key challenges for retail pharmacies and healthcare services providers, covering labor shortages, drug shortages, a proliferation of manual processes and more.

We also discuss how technology startups can help US retail pharmacies and healthcare providers implement generative AI.

Data in this research report include:

  • Coresight Research estimates on the global generative AI software market, 2022–2027

Companies mentioned in this report include: Amazon, Botco.ai, CVS, DignaMed, Huma.AI, Mayo Clinic, Nuance Communications (Microsoft), Olive, Walgreens

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The Coresight Research US Livestreaming Tracker is a quarterly series that provides updates on trends in the live-video e-commerce space. We analyze findings from proprietary US consumer surveys on the role of livestreaming in the shopping journey.

In this report, we present data from our 3Q23 survey, conducted in July 2023, which asked consumers about their engagement with “shoppable livestreams” (live, online videos focused on promoting and selling products) in the past three months.

Data in this report, based on proprietary survey findings, include:

  • Use of livestream shopping—participation rates, reasons for cart abandonment, frequency of watching shoppable livestreams and reasons for watching
  • Livestream shopping platforms—platforms used to watch shoppable livestreams (and breakdowns by age groups and platform type) and product categories that viewers have watched vs. purchased via livestreaming
  • Livestreaming content—formats that viewers prefer to watch, degree of influence of livestream technology and host characteristics on purchase decisions, and future expectations for content

Companies mentioned in this report include: Costco, Dollar General, Facebook, Home Depot, IKEA, Instagram, Kohl’s, Sam’s Club, Sephora, Target, TikTok, Ulta Beauty, Walmart, YouTube

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Reasons to Read

We present our outlook for US retail and the consumer economy, updating our previous outlook from March 2023.

In this report, we consider why the consumer economy resembles a game of chutes and ladders, whether real declines in retail sales will continue, whether US retail is overinflated and why we may be entering an era of renewed services spending.

Data in this report include:

  • US retail sales—recent growth rates, real multi-year expansion and Coresight Research growth projections
  • Proprietary Coresight Research US survey data on consumers’ reactions to inflation in retail
  • The balance between consumer spending on retail goods and discretionary services
  • Consumers’ excess savings levels and the pace of depletion
  • Coresight Research survey data on US consumers’ savings firepower
  • Consumer credit levels

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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.

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
  • Consumer preferences in holiday shopping ahead of Holiday 2023

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 Innovator Matrix series uncovers the top technology companies across key segments, helping retailers find technology partners, and investors discover promising retail-technology startups poised for growth.

In this report, we discuss the US workforce management landscape and opportunity, and identify the next generation of retail innovators in the space. By working with advanced workforce management solutions empowered with artificial intelligence (AI) and machine learning (ML), brands and retailers will be able to better handle staff schedules, automate tasks, assign suitable workers to a task and make more accurate workload forecasts.

We analyze, evaluate and score the top 10 pre-IPO companies based on their relative performance on a two-factor evaluation scale: level of innovation and market potential. We categorize the companies into three areas of innovation:

  • Communication and deskless workforce management
  • Payroll and task management
  • Scheduling, time and attendance tracking

Companies mentioned in this report are: Beekeeper, Connecteam, Deel, Legion, Papaya Global, Quinyx, Rippling, WorkForce Software, WorkJam, Yoobic

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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 6, 2023, across six sectors: apparel and footwear, consumer packaged goods, drugstores, e-commerce, food and grocery, and home and home-improvement. 

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: Amazon, Carter’s, The Clorox Company,  Columbia Sportswear Company, CVS Health, Gildan Activewear, Sprouts Farmers Market, VF Corporation, Wayfair

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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 24, 2023.

Data in this research report are:

  • Activities that consumers have done in the past two weeks—latest data and one-and four-week PPT changes
  • Avoidance of public places, by type of public place
  • 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,” looks at new Coresight Research data on who shops across channels and which types of consumers stick to single-channel shopping.

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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: Primark (Associated British Foods), Greggs

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Reasons to Read

The Coresight Research US Housing Market Indicators series analyzes the current housing market landscape in the US, based on a range of metrics. We identify the factors influencing the industry and resulting in changes in supply and demand with inputs for the retail sector.

This report analyzes the latest data available as of the end of July 2023.

Data in this report include:

  • US housing permits, starts and completions
  • US existing home sales
  • US Pending Home Sales Index
  • US new home sales
  • US Housing Affordability Index

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Reasons to Read

Each Market Outlook offers our analysts’ definitive view of their sector. This research report includes proprietary forecasts, analysis of company metrics, exclusive consumer survey data and our analysts’ consideration of factors and themes in the market.

In this Market Outlook, we explore the size and trajectory of the UK grocery retail sector and key factors impacting growth. We detail the overall market’s competitive landscape, and present key themes we are watching in 2023 and beyond.

Data in this research report include:

  • Total sales and year-over-year sales growth in the UK grocery retail sector, 2018–2027E
  • Year-over-year growth in non-specialized food store sales, by value and volume
  • Breakdown of UK food retail sector by channel type, 2021–2022
  • Total online sales and year-over-year online sales growth for UK food retailers, 2017–2026E
  • Inflation for food and non-alcoholic beverages
  • UK offline grocery market share breakdown by retailer, 2018 vs. 2022
  • Top 10 UK grocery retailers’ revenue, 2017–2022

Companies mentioned in this report include: Aldi, Asda, Lidl, Marks & Spencer, Morrisons, Sainsbury’s, Tesco, Waitrose

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Reasons to Read

The US will see more than 60 million square feet of retail space close in 2023, with Walgreens contributing over 2 million square feet to that figure.

The US Store Tracker Extra monthly series offers insight into retailers’ store closure and opening announcements, including their square-footage impact. In this report, we detail announced closures and openings as of July 28, 2023.

Data in this report are:

  • Year-to-date announced US store closures and openings estimates for 2023, by retailer
  • Year-to-date announced 2023 US store closures and openings estimates in gross square feet, by retailer
  • US announced store closures and openings: week-by-week data for year-to-date 2023 versus the comparable period in 2022

Companies mentioned in this report include: 7-Eleven, Albertsons, Alimentation Couche-Tard, Christmas Tree Shops, Lidl, Save A Lot, Walmart

Other relevant research:

  • View our full collection of Weekly US and UK Store Openings and Closures Tracker and monthly US Store Tracker Extra reports.
  • The Coresight Research US Store Tracker Databank offers our premium subscribers access to openings and closures data from 2012 to 2022 year to date, filterable by sector and year.
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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 24, 2023.

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

  • Consumers’ perceptions of and responses to inflation
  • 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
  • Avoidance of public places, by type of public place—latest data and four-week PPT changes
  • Activities that consumers have done in the past 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

Other relevant research:

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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.

In this report, we also discuss three key trends:

  • The expansion of generative AI use cases, including Coresight Research survey data on the areas in which US consumers believe the technology can have a positive impact
  • New regulations and commitments for responsible use in the US and China
  • Meta’s continuous investment in AI

Companies mentioned in this report include: Adobe, Google, Gucci, KPMG, Meta, Microsoft, Pinecone, Shutterstock, Ssense, Swiggy, xAI

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