Reasons to Read

Computer-generated imagery (CGI), also known as 3D rendering, can provide a competitive advantage for retail companies in producing and managing product visuals for e-commerce.

We analyze proprietary survey findings to identify the challenges that brands and retailers face when producing and managing product visuals. We examine AI (artificial intelligence) and CGI as potential solutions for next-generation imagery to help retail companies navigate in a competitive marketplace and realize benefits such as reduced returns and increased speed to market.

This free report is sponsored by Nfinite, a visual e-merchandising software-as-a-service (SaaS) platform.

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

  • Retail companies’ current and intended use of product visuals for e-commerce
  • Challenges that companies face when managing and producing product visuals
  • Companies’ investment in CGI to produce product visuals, by region and by retail vertical
  • Benefits of investing in CGI
  • Companies’ current investment and plans to invest in AI to automate product visual content on online channels

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In our webinar on March 22, 2023, Coresight Research and Nfinite explored the major challenges that e-commerce merchandisers are facing and how new technologies such as artificial intelligence (AI) and machine learning (ML) can help solve them. Watch the on-demand replay of this event here!

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Reasons to Read

A member of the Coresight Research team attended and spoke at Fashinnovation’s Worldwide Talks 8, a day-long, invitation-only event held in New York City on February 7. We present key themes and ideas presented during the event.

Companies mentioned in this report are: Birimian Ventures, Fashinnovation, The ID Factory, Lectra, Perfect Corp, WAYE and WGSN

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Reasons to Read

Following a recent visit to the Emirate of Dubai by a member of the Coresight Research team, we assess changing conditions which will likely positively contribute to retail growth in the region in the coming years.

Data in this report are:

  • Estimated retail sales for the Gulf Cooperation Council (GCC) for 2022 and 2026
  • CAGR of tourist arrivals in GCC member states for 2021 through 2026 (estimated)
  • Estimated duty-free sales at select GCC airports for 2022
  • Total airport flight capacity at Dubai International Airport for January and February 2023
  • Attendance data from the Dubai Expo 2022

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

 This graphic presents selected insights from our Data Dive on US consumer spending in 2022.

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  • The Covid-19 pandemic interrupted the multiyear shift in consumer spending away from discretionary retail categories and toward discretionary services.
  • Exceptional three-year growth in spending on durable goods in 2022, versus low-single-digit growth in spending on services, implies potential for a future meaningful rebalancing of consumer discretionary spending toward services.

Click the image below to read the full Data Dive report, which analyzes recent data on US consumer spending in 2022, with a focus on discretionary goods versus discretionary services.

Reasons to Read

Retailers must find ways to grow revenues, manage costs and improve efficiency despite facing brisk headwinds in 2023. We leverage proprietary survey findings to explore the perceived impacts of various business components on US retailers’ revenues and assess retailers’ current and planned investment levels in in-store technology.

This free report is sponsored by VMware, an industry leader in multi-cloud services and infrastructure.

Proprietary data in this report include:

  • US retailer spending on information technology in 2021
  • US retailers’ plans for technology investments over the next three years, compared to now
  • Retail technologies that retailers are currently using or planning to use
  • The potential revenue impact of five major business components, including operational efficiency and customer engagement

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Reasons to Read

We discuss the growth trajectory of the apparel and footwear market in the UK amid the country’s sluggish economic conditions and inflationary pressures. We also explore how industry players are adjusting cost structures, changing supply chain strategies and looking for M&A (mergers and acquisitions) to stay competitive.

Data in this report include:

  • Apparel and footwear spending in the UK for 2018 through 2027 (estimated)
  • Year-over-year change of apparel and footwear consumer spending in the UK for 2018 through 2027 (estimated)
  • UK apparel sales by category for 2017 through 2026 (estimated)
  • Year-over-year change of the Apparel and Footwear consumer price index in the UK for 2022
  • E-commerce share of total fashion sales in the UK for 2017 through 2027 (estimated)

Companies mentioned in this report include: ASOS, Boohoo, Frasers Group, JD Sports Fashion and Marks & Spencer

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Reasons to Read

In recent weeks, conversations, forecasts and data around global economic growth have generally turned more positive. We discuss recent economic metrics, projections and discussions, with a focus on the US, China and the UK.

Data in this report are:

  • Projections for economic growth in 2023 for the US, China and the UK

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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 February 6, 2023.

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

  • 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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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 February 12, 2023, across four sectors: apparel and footwear, beauty, drugstores 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: Capri Holdings, Coty, CVS Health, L’Oréal and Ralph Lauren

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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 opportunities for brands and retailers to expand their inclusive offerings.

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Click the image below to read the full report, which discusses major inclusivity themes, developments in 2022 and our view of the retail impact for 2023.

Reasons to Read

In this report, we review retail performance during the 2023 Chinese New Year holiday, also known as Lunar New Year, which lasted from January 22 to January 29.

Data in this report include:

  • Chinese New Year domestic tourism revenue for 2018 through 2023
  • Total retail sales in China during Chinese New Year, 2011 through 2023
  • Total number of tourist trips taken during Chinese New Year 2023
  • Average daily sales during Chinese New Year 2023 in the province of Hainan
  • Categories and sectors which saw the highest year-over-year sales increases during this year’s Lunar New Year holiday, per Alibaba and JD.com

Companies mentioned in this report are: Alibaba, JD.com, Taobao and Tmall International

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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” (CEO and Founder of Coresight Research) discusses how fashion brands and retailers can launch in the metaverse of today through established pre-Web 3.0 platforms Roblox and Fortnite.

Companies mentioned in this report include: Adidas, Alo Yoga, Beyond Creative, Forever 21, Fortnite, Givenchy, Ralph Lauren, Roblox, Timberland

Other relevant research:

Read last week’s Weinswig’s Weekly, which discusses Temu, the Chinese cross-border e-commerce platform that is gaining popularity among US consumers for its low prices and free shipping.

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Reasons to Read

Shein gained ground as a leading player in the fast-fashion market in 2022, and we believe that the company is well positioned to expand in 2023.

We present a company overview and explore Shein’s strategies and business expansion plans, covering incubating new brands, testing an e-commerce marketplace model, opening new distribution centers and extensively growing the Shein X incubator program.

We also discuss Shein’s new funding and US IPO plans, ESG (sustainability) initiatives, physical store launches and other recent developments.

Data in this report include:

  • Proprietary US consumer survey data—retailers from which US apparel shoppers have purchasing clothing or apparel accessories in the past three months
  • Express order delivery times—ASOS, Boohoo and Shein

Companies mentioned in this report include: ASOS, Boohoo, Inditex (Zara), SHEGLAM, Shein

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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 data from December 2022 (the latest data available as of the end of January 2023).

Data in this report include:

  • US housing permits, starts and completions, December 2021–December 2022
  • US existing home sales, December 2021–December 2022
  • US Pending Home Sales Index, overall and by region, December 2021–December 2022
  • US new home sales and year-over-year change, December 2021–December 2022
  • US Housing Affordability Index, November 2021–November 2022

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Reasons to Read

On February 9, 2023, Coresight Research hosted a webinar with Digital Wave Technology to explore the importance of effective product information management (PIM) and product experience management (PXM) in enhancing the customer experience.

Deborah Weinswig, CEO and Founder of Coresight Research, and Lori Schafer, CEO of Digital Wave Technology, offered key insights on the following:

  • Why is PIM/PXM a must-have in today’s modern retail landscape?
  • How does a modern AI platform help accelerate speed to market, leveraging tools, automation and smarts to do the heavy lifting?
  • How does layering on artificial intelligence (AI) optimize and elevate product experiences to a whole new level for customers?

Don’t miss out! Read our full presentation below, and click here to watch the webinar replay!

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