Reasons to Read

Each year, the IRS reports tax return filings and refunds on a weekly basis. This year, the filing deadline was on April 18, 2022. In the final Tax Tracker for this year’s tax season, we look at what occurred during the 2022 tax filing season.

This report covers the following:

  • Number of returns filed and processed, and total and average refunds returned, as of April 22, 2022
  • A comparison of the 2022 and 2021 tax seasons
  • Total annual refunds disbursed, 2016–2022YTD

Click here to read our wrap-up report on the 2021 tax filing season.

Click here to read last month’s 2022 US Tax Tracker.

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Our Three Things You Need To Know series provides free snapshots of Coresight Research data and findings. Subscribers can access the full research behind this graphic here. To find out how to subscribe, click here.

Coresight Research has identified corporate evolution, which includes mergers and acquisitions (M&A), as a key trend to watch in retail and a component trend of Coresight Research’s RESET framework for change.

We expect strong momentum in M&A activity in the US jewelry retail market. Read our deep dive for more detail on the three key focus areas for growth through M&A. We discuss notable examples as well as the factors driving M&A activity.

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Reasons to Read

In Coresight Research’s Supply Chain Briefing series, we examine key challenges and developments on retail’s supply side and their implications for the retail environment.

In this report, we examine how the lockdowns in Shanghai (home to the world’s largest container port), Shenzhen and other parts of China have impacted the already strained global supply chain.

We also look at Party City’s and Costco’s decisions to charter their own freighters, plus the US government’s announcement that it would provide $2.7 billion in funding to bolster US ports and waterways.

Click here to read the previous report in the series, in which we explore the global impacts of the Russia-Ukraine war on supply chains and FedEx’s new shipping container service designed to ease US port congestion.

Click here to read more Coresight Research coverage of the retail supply chain.

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Reasons to Read

Our US Consumer Tracker Extra series offers a deeper dive into longer-term trends revealed by our weekly survey data. With US shoppers returning to spending on services and travel ahead of the summer, we examine consumer behavior broken down by age and income band, based on exclusive Coresight Research data.

We assess emerging trends in the following key areas:

  • Consumers’ avoidance of experiences, services and travel, broken down by location and age
  • Consumers’ return to travel, broken down by age and household income

Click here to view our full collection of US Consumer Tracker  weekly survey reports.

Premium subscribers can also access data from our weekly surveys in our US Consumer Tracker Databank.

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Reasons to Read

Department stores’ apparel assortment has traditionally been weighted toward dressy apparel. We explore and analyze the opportunity for department stores to shift their apparel mix to more casual attire to reflect consumer demands. Our report covers the following:

  • Which department store is best positioned to adjust to casualization trends
  • How apparel categories have fared during the pandemic at leading department stores
  • Consumer preferences and behavior impacting apparel sales

Learn more about the growth of casualization in our report on athleisure here. Discover what’s next for department stores in our outlook on department store e-commerce here.

Contents (Click to navigate)

Introduction

What’s the Story?

Why It Matters

Seizing Opportunities in Active, Athleisure and Casual Apparel: Coresight Research Analysis

Apparel Overview: Women’s, Men’s and Children’s Apparel

Kohl’s Overtakes Macy’s In Fiscal Year 2020 To Lead in Women’s Apparel

Casualization Will Propel Growth in Athleisure by 7% in 2022

Pandemic Weight Gains and Focus on Health and Wellness Drive Category Sales

Kohl’s Expands Active Portfolio and Revamps Women’s Casual Wear

Macy’s Focuses on Inclusive Women’s Casual Wear for Younger Women

Nordstrom Features Sports Equipment and Apparel as Well as Denim

JCPenney Focuses On Inclusive-Sizing for Everyone with Seven Collections

What We Think

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Reasons to Read

Pet ownership is at an all-time high in the US, providing great potential for growth in the pet products market—covering pet food, technology, other products and services.

In this report, we explore the size of the market, its key players and three key trends we are seeing in the space.

Companies discussed in this report include Amazon, Chewy, Mars, Petco and Walmart.

Read our US CPG Market Outlook here.

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Reasons to Read

We present insights into the current state of the social commerce market in the US. We analyze findings from our latest social commerce survey, in which we asked US consumers about the role of social media in their shopping journey, covering platforms, product categories, shopper demographics, influencers and livestreaming. 

Click here to read findings from our previous social commerce survey (conducted in March 2021).  

Click here to read more Coresight Research coverage of livestreaming e-commerce.

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Reasons to Read

Coresight Research’s Quarterly Economic Update report series keeps you up to date on the latest economic data from the US and China.

In this report, we look at recently released data for the first quarter of 2022, which show GDP shrinkage in the US and further slowdown in growth momentum in China.

We discuss the following key macroeconomic indicators:

  • Changes in US GDP, industrial production and personal consumption expenditure
  • Changes in China’s GDP, industrial production and per capita expenditure

Click here to read the previous report in this series, from February 2022.

Click here to read our latest report on key consumer indicators in the US, China and the UK—part of our Monthly Consumer Update series.

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Reasons to Read

Our monthly US Store Tracker Extra report supplements the Weekly US and UK Store Openings and Closures Tracker reports with additional insight, including retailer-level data on square footage and closures and openings as a percentage of total store base.

This report also offers a comparison between year-to-date announced closures and openings at the end of each month in 2022 versus the comparable period in 2021.

Year-to-date data in this report are as of April 29, 2022 (corresponding to week 17 in our Weekly US and UK Store Openings and Closures Tracker) versus the comparable period in 2021 (the four weeks ended April 30, 2021).

Click here to 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. Click here to view.

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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 first-quarter 2022 earnings.

We condense what retail companies are reporting regarding the following key content:

  • Management commentary on demand trends in the first quarter (where reported)—including comparable sales growth, details on consumer demand by category or channel, and qualitative insights
  • How recent performance reflects the impacts of, or recovery from, the Covid-19 pandemic
  • The outlook for demand, as reflected in revenue guidance or more qualitative commentary

This week, there are highlights from companies that reported in the week ended May 1, 2022, across multiple sectors: apparel and footwear (Columbia Sportswear Company), CPG companies (Kimberly-Clark Corporation), e-commerce (Amazon) and food retailers (Albertsons Companies).

Click here to read Week 7 of the Earnings Insight 4Q21 series.

Click here to read 4Q21 Earnings Season Wrap-Up

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Reasons to Read

Coresight Research’s April 25, 2022, survey provides a detailed update on US consumers’ behavior and expectations, with a focus on the implications for US retail.

This week’s US Consumer Tracker covers the following:

  • What shoppers are buying online and in-store
  • What consumers are doing and where they are going—including avoidance of public places
  • Which retailers consumers are buying from—for food and nonfood purchases

Complementing our weekly survey reports, our monthly US Consumer Tracker Extra series offers additional insight, including long-term consumer trends and a detailed analysis of where current patterns will lead in the coming months. Click here to view our full collection of US Consumer Tracker and US Consumer Tracker Extra reports.

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Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here.

  • CPG (consumer packaged goods) companies and the brands and retailers they own continue to turn to e-commerce to engage with consumers.
  • Following a huge pandemic-led spike in online sales growth, e-commerce grew 20% to $193 billion in 2021.
  • We expect online growth to continue at double-digit year-over-year growth rates, but gradually slow to the teens (in percentage terms) as e-commerce penetration approaches saturation.

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Reasons to Read

We present recent market developments in the metaverse, including key partnerships and investment activity. We also discuss two notable metaverse trends—namely, the race to build digital twins of real-world objects via the Internet of Things (IoT) and the increasing power of 3D game engines.

This report is part of our Metaverse Latest series, which provides regular updates on metaverse developments globally, showing how key players and new entrants are seizing opportunities in the space. In this report, we present developments as of April 19, 2022.

Read the previous report in the series, which covers notable attractions and brand offerings during Decentraland’s Metaverse Fashion Week.

Click here to read more Coresight Research coverage of the metaverse.

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Reasons to Read

In each report in the Weinswig’s Weekly series, Coresight Research CEO and Founder Deborah Weinswig reflects on a topical theme in retail. This week’s note “From the Desk of Deborah Weinswig” discusses e-commerce retailers’ heightened competition and the two opportunities they are pursuing to alleviate soaring marketing costs.

Each report also includes recent retail and technology headlines from Asia, Europe and the US.

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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. We cover:

  • A week-by-week comparison of store openings and closures in the US and UK in year-to-date 2022
  • What is happening in retail in the US and UK this week
  • 2021 and year-to-date 2022 major US and UK store openings, store closures and bankruptcies

This week, there are highlights from Ashley HomeStore, Barnes & Noble and Faherty Brand in the US and Decathlon, Hobbycraft and JD Sports in the UK. We also discuss quarterly store opening and closure settlements following the release of quarterly company filings this week from Sleep Number, Sunglass Hut, Tractor Supply and WHSmith.

Click here to view our full collection of Weekly US and UK Store Openings and Closures Tracker reports.

Complementing our weekly report, 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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