Reasons to Read

On June 30, 2021, Coresight Research hosted a panel discussion with procurement services and technology provider LogicSource, to discuss strategies to reduce unnecessary GNFR expenditure and create efficient procurement systems.

In this report, we present three key insights from the online event:

  • LogicSource has found that 67% of CFOs of businesses that have tried to improve their GNFR efficiency report that the savings never matriculate to P&L.
  • Poor communication and coordination between departments can leave businesses paying more in not-for-resale expenditure.
  • Investing in external sources of data can better equip companies to combat the volatility of the GNFR market.

Watch the full webinar on demand on our website.

Read more about strategies for uncovering potential savings in GNFR in our free Deep Dive report.

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Reasons to Read

The recovery of travel in the US from the heavy impacts of the global Covid-19 pandemic is now fully under way.

We are likely to see a strong pickup in domestic travel in the summer of 2021. Using proprietary US consumer survey findings, we examine how this trend will impact US retail spending across luxury goods, souvenirs and at travel retail locations.

This report is the third in Coresight Research’s five-part US Travel Recovery series. Click the topics below to read the rest of the series:

  1. A dichotomous return to leisure and business travel
  2. Dissipating regional travel differences
  3. Domestic-focused travel surge
  4. The slow rebound of international travel
  5. Impacts of a travel renaissance on consumer spending and industry employees
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Reasons to Read

Coresight Research’s July 5 survey provides a detailed update on US consumers’ behaviors and expectations, with a focus on the implications for US retail.

OurUS Consumer Trackercovers the following:

  • Which retailers consumers are buying from and what they are buying
  • What consumers are doing and where they are going
  • Complementing our weekly survey reports, our US Consumer Tracker Extra monthly series offers additional insight, including long-term consumer trends and a detailed analysis of where current trends will lead in the coming months.Click here to view our full collection of US Consumer Tracker and US Consumer Tracker Extra reports.

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

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Reasons to Read

Furniture and home furnishings DNVBs were uniquely placed to benefit from the pandemic-driven trends of heightened e-commerce spending and increased focus on the home. As pandemic restrictions are eased, and traditional retailers expand further into e-commerce, we assess the outlook for US furniture DNVBs.

We analyze the following key trends in the sector:
  • Expanding product portfolios
  • Investment in brick-and-mortar stores and experiential shopping
  • Diversifying selling channels through third-party partnerships
  • Meeting heightened demand amid global supply chain disruption
  • Educating consumers from afar
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Reasons to Read

The recovery of travel in the US from the heavy impacts of the global Covid-19 pandemic is now fully under way.

Consumers all over the country are now planning trips at nearly equal rates, indicating that the regional differences in travel seen through most of the pandemic are likely to dissipate as we move into summer.

We discuss this trend and its implications for retail, using proprietary survey findings to assess US consumer sentiment and behavior.

This report is the second in Coresight Research’s five-part US Travel Recovery series. Click the topics below to read the rest of the series:

  1. A dichotomous return to leisure and business travel
  2. Dissipating regional travel differences
  3. Domestic-focused travel surge
  4. The slow rebound of international travel
  5. Impacts of a travel renaissance on consumer spending and industry employees
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Reasons to Read

Brands and retailers need to prepare their logistics, marketing and inventory management strategies well in advance of Singles’ Day 2021 in order to ensure that they are well positioned to drive traffic and maximize sales—particularly this year, as the world continues to recover from the Covid-19 pandemic.

With four months to go until the 11.11 Global Shopping Festival, we present five actions that brands and retailers should take to set themselves up for success.

Click here to read more about Singles’ Day 2021 as we count down to the event, as well as further Coresight Research coverage of past Singles’ Day events.

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Reasons to Read

The recovery of travel in the US from the heavy impacts of the global Covid-19 pandemic is now fully under way.

We analyze the dichotomous recoveries of leisure and business travel from the global pandemic and discuss the impacts on retail. We use proprietary survey findings to assess US consumer sentiment.

This report is the first of Coresight Research’s five-part US Travel Recovery series. Click the topics below to read the rest of the series:

  1. A dichotomous return to leisure and business travel
  2. Dissipating regional travel differences
  3. Domestic-focused travel surge
  4. The slow rebound of international travel
  5. Impacts of a travel renaissance on consumer spending and industry employees
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Reasons to Read

With students likely to return to in-person classes this fall, we present our outlook for US back-to-school spending this season. We cover the top spending categories for students from kindergarten through twelfth grade, as well as analysis of the current economic backdrop.

Click here to read our latest Consumer Tracker report for analysis of our proprietary data on US consumer spending across all categories.

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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.

  • Click the image below to read our Market Outlook exploring how the e-commerce market in the US and China has been impacted by the Covid-19 pandemic and provides an outlook for the sector moving forward. We discuss the key drivers of e-commerce growth, as well as the market’s competitive landscape, M&A activity, retail innovators and themes we are watching in 2021 and beyond—covering online grocery demand, increased traction in luxury e-commerce, livestream shopping experiences and advances in logistics and returns.

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 the resignation of CEO Klaus Gehrig from Lidl-owner Schwarz Group and the discounter’s successful global expansion.

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

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Reasons to Read

Department stores have traditionally relied on the wholesale model to sell brands. This is now changing due to a rise in digital sales, brands choosing to sell through their own channels and a rise in direct-to-consumer (DTC) brands. We explore these interconnected factors and their implications for US department stores. We analyze the selling models of major retailers Kohl’s, Macy’s and Nordstrom.

For more on DTC vs. wholesale across multiple retail sectors, read Coresight Research’s Strategies for Brands and Retailers To Go Direct report.

We present further insights about the future model of US department stores in our separate deep dive.

See our Market Outlook: US Department Stores report for more on the current state of US department store retail and opportunities in the market.

Contents (Click to navigate)

What’s the Story?

Why It Matters

A Shift in Selling Models: Three Influencing Factors

DTC vs. Wholesale: A Retailer’s Perspective

DTC vs. Wholesale: An Analysis of Major US Department Stores

The Shift to DTC: Three Implications for US Department Stores

What We Think

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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 year to date in 2021
  • What is happening in retail in the US and UK this week
  • Year-to-date 2021 major US and UK store openings and closures

This week, highlights include updates from Market Basket, Rally House and Torrid in the US and Hema, Wickes and Zara in the UK. We also discuss quarterly store opening and closure settlements following the release of quarterly company filings this week from Rite Aid.

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 2021 year to date, filterable by sector and year. Click here to view.

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Reasons to Read

Hong Kong, with its 7.5 million-strong population, has a very high daily demand for groceries and household necessities. This report reviews the Hong Kong grocery market, introducing the two biggest supermarket chains, Wellcome and ParknShop, as well as relatively new entrants 759 Store and Best Mart 360°.

We first published this report in November 2018; this is an update as of July 2021.

Contents (Click to navigate)

What’s the Story?

Hong Kong Grocery Market: A Deep Dive

Hong Kong Grocer Market Overview

The Two Giants and Their Duopoly

759 Store Emerges To Compete with the Supermarket Giants

Best Mart 360° Joins To Heat Up the Competition

What We Think

Implications for Brands/Retailers

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Reasons to Read

Selling directly to consumers is becoming an increasingly important channel for both new and existing brands. In this report, we compare the wholesale and direct-to-consumer (DTC) sales channels and cover a landscape of brands that are pivoting toward a DTC approach. We also present a playbook for brands and retailers to improve their wholesale and DTC strategies, including alternative wholesale approaches.

For more on the impact of DTC on multibrand retailers, see our counterpart report Wholesale vs. DTC: Implications for US Department Stores as Apparel Brands Go Direct. 

Contents (Click to navigate)

What’s the Story?

Why It Matters

DTC vs. Wholesale: A Deep Dive

Advantages and Disadvantages of Wholesale and DTC

Brands Pivoting Toward DTC

A Playbook on Wholesale and DTC Models

What We Think

Implications for Brands

Implications for Wholesale Channel Players

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Reasons to Read

On June 29, 2021, Coresight Research hosted a panel discussion with technology innovator Newmine, to discuss how e-commerce retailers can address the surge in product returns in the aftermath of 2020’s e-commerce boom.

In this report, we present three key insights from the event:

  • Returns have recently become a key focus for e-commerce retailers: According to the NRF (National Retail Federation), the US returns rate for online purchases ballooned to 18.1% in 2020, far above the overall retail industry rate of 10.6%.
  • E-commerce retailers are investing in new technologies such as augmented reality (AR) to guide consumer expectations and minimize returns.
  • As consumers become more environmentally-conscious, retailers have an additional incentive to improve their reverse logistics.

Watch the full webinar on demand on our website.

Read more about the hidden costs of retail returns in our separate report, part of Coresight Research’s Sustainability Insights series.

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