Reasons to Read

At the “AI in Fashion Retail” event, hosted by 3DLOOK and Shopify, Coresight Research moderated a panel featuring speakers from 3DLOOK, Clientricity and Trove. We present insights from the panel on the impact of AI on fashion retail, spanning recommerce, sustainability, customer experience and personalization.

Companies mentioned in this report are: 3DLOOK, Clientricity, Lululemon and Trove

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Reasons to Read

On March 1, 2023, Coresight Research presented its outlook for US retail and the consumer economy.

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

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 and asset-price changes

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Reasons to Read

Coresight Research is a research partner of Shoptalk 2023. On March 26, 2023, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of the “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards.

In the lead-up to the event, we are profiling the participating innovators. In this report, we present Factored Quality, a platform that helps consumer goods brands streamline their quality control processes across their global supply chains.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain.

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Reasons to Read

Salesforce announced its new Einstein GPT generative AI (artificial intelligence) technology at its TrailblazerDX developer conference in March 2023. We discuss this announcement and related developments.

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Reasons to Read

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

Data in this report are:

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

Walmart Health plans to expand into two more US states and open 28 new Walmart Health centers in 2024, bringing its US total to over 75 centers. We explore dive into where the company will expand, what the new centers will offer and what other retailers are doing in the healthcare segment.

Data in this report include:

  • Projected US healthcare expenditure, including out-of-pocket specifics, for 2022 and 2026
  • Size specifications for the new Walmart Health centers
  • Details on various retailer acquisitions in the healthcare space, including acquisitions by Amazon, CVS Health and Walgreens

Companies mentioned in this report include: Amazon, Best Buy, CVS Health, Walgreens and Walmart

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Reasons to Read

Each Market Navigator report offers an in-depth, data-rich view of a retail, consumer or technology sector and is packed with data on sectors, segments, companies and consumers. Our analysts discuss at greater length the sector themes they are observing and the insights they are forming on their markets. We intend these definitive guides to serve as points of reference to those in the retail ecosystem, guiding readers’ strategic decision-making and assisting them in tapping opportunities and navigating disruption in retail and adjacent industries.

We launch our Market Navigator series with this report on US apparel and footwear retailing, covering physical retail and e-commerce, with analysis of the menswear, womenswear and childrenswear segments.

We explore market growth factors, the competitive landscape, consumer survey analysis, themes we are watching, retail innovators in the space, and more. Key topics include inflation, sustainability, private label, M&A, the metaverse and retail media.

Data in this report include:

  • US apparel and footwear market size and year-over-year change, 2018–2027E—plus growth and penetration of specialty retailers’ sales and the online sector
  • Breakdown of apparel and footwear sales by segment, 2018–2022
  • Estimated distribution of apparel and footwear sales by channel, 2018–2022
  • Market sizes and growth for the menswear, womenswear and childrenswear segments, 2018–2027E
  • Store numbers and store traffic metrics for leading retailers in the market
  • Proprietary US consumer survey analysis—retailers, brands and categories that apparel and footwear shoppers have shopped in the past three months

Companies mentioned in this report include: Amazon, American Eagle Outfitters, Dick’s Sporting Goods, Foot Locker, Gap Inc., Macy’s, NIKE, Nillio, Obsess, Poshmark, Ralph Lauren, Savitude, Shein, Target, T.J. Maxx, Victoria’s Secret, Walmart, Zegna

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Reasons to Read

Coresight Research is a research partner of Shoptalk 2023. On March 26, 2023, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of the “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards.

In the lead-up to the event, we are profiling the participating innovators. In this report, we present Frate, a returns management software provider that aims to reduce the impacts of returns on profitability and the environment.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain.

Other relevant research: 

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Coresight Bites provide free snapshots of Coresight Research data and findings.

This graphic presents selected insights from our March 6, 2023, survey of US consumers.

 Subscribers can access the full research here. To find out how to subscribe, click here.

  • Every four weeks, we ask consumers if they had noticed price increases in retail recently. For a second consecutive month, consumers reported record-high inflation awareness.
  • In grocery, all strategies to combat inflation that involve trading down saw increases in adoption, while the proportion of consumers buying fewer products in both food and nonfood bounced back after sliding last month.

Click the image below to read the full US Consumer Tracker report, which provides further analysis of US consumers’ behaviors and sentiment.

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 February 2023.

Data in this report include:

  • US housing permits, starts and completions
  • US existing home sales
  • US Pending Home Sales Index, overall and by region
  • US new home sales and year-over-year changes
  • US Housing Affordability Index

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Reasons to Read

Coresight Research is a research partner of Shoptalk 2023. On March 26, 2023, Deborah Weinswig, CEO and Founder of Coresight Research, will emcee and feature on the judging panel of the “Shark Reef” startup pitch competition, which will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards.

In the lead-up to the event, we are profiling the participating innovators. In this report, we present Wink, a software-as-a-service (SaaS) biometric identity and payments platform.

This report forms part of our Innovator Profile series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain.

Other relevant research:

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Our Three Things You Need To Know series provides free snapshots of Coresight Research data and findings.

This graphic presents selected insights on Temu, the new e-commerce marketplace taking the US by storm.

Subscribers can access the full research behind this graphic here. To find out how to subscribe, click here.

Temu is a new, cross-border marketplace that can be accessed by app and website. It was launched in September 2022 by multinational commerce group PDD Holdings and has quickly become popular in the US. Temu offers products at extremely low prices across 250 categories, including apparel, beauty, electronics and home and home-improvement.

We examine recent proprietary consumer survey data to understand consumers’ usage and reception of Temu in the US e-commerce space.

 

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 fourth-quarter 2022 earnings.

This week, there are highlights from companies that reported in the week ended March 12, 2023, across four sectors: beauty, e-commerce, 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 are: BJ’s Wholesale, Dick’s Sporting Goods, Gap, JD.com and Ulta Beauty

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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 March 6, 2023.

Data in this report are our latest proprietary survey findings and four-week changes for:

  • Consumers’ perceptions of inflation, broken down by age and geography
  • Which retailers consumers have bought food and nonfood products from in the last two weeks
  • Avoidance of public places, by type of public place
  • Activities that consumers have done in the past two weeks
  • What products consumers have bought in-store and online in the last two weeks

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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