Reasons to Read

Our weekly Earnings Insights reports feature highlights from recent management commentary at major US retailers within our Coresight 100 coverage list, as they report first-quarter 2021 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 June 6, 2021—namely, Big Lots, Five Below, Lululemon Athletica and PVH Corp.

Click here to read Earnings Insights 1Q21, Week 3  and here to read our wrap-up report for 4Q20.

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Reasons to Read

Coresight Research’s May 31 survey provides a detailed update on US consumers’ behaviors and expectations, with a focus on the implications for US retail. 

Our US Consumer Tracker  covers the following: 

  Consumers’ plans for Father’s Day this year—including whether they will shop and how they expect to celebrate

  What consumers are doing and where they are going—including avoidance of public places

  What consumers are buying and which retailers they are buying from 

Complementing our weekly survey reports, our new 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 on US Consumer Tracker and US Consumer Tracker Extra reports

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Reasons to Read

Uncovering potential savings in GNFR (goods not for resale) expense has become increasingly important, as many US retail and CPG companies have encountered constrained profit margins as a result of the Covid-19 pandemic.

Leveraging findings from a recent Coresight Research survey, we present insights and discussion around the following topics:

  • Retail and CPG companies’ overall GNFR spending as a percentage of total costs
  • Current focus on GNFR expenses for potential cost savings—and what changes organizations made to manage these costs due to Covid-19
  • The potential of GNFR savings to lift profit margins
  • Top challenges faced by retailers and CPG players in managing GNFR spending

We also discuss how services and technology solution providers such as LogicSource can help businesses reduce GNFR expense, with discussion of the following:

  • The impact of data analytics on GNFR cost savings
  • Benefits of spend analytics platforms
  • Importance of procurement and sourcing strategies—and key areas where organizations are using procurement analytics
  • Outsourcing GNFR management functions to solve profitability challenges—with case studies

This free report is sponsored by LogicSource, a sourcing and procurement services and technology provider with exclusive focus on helping companies improve profit margins by reducing GNFR expenses.

Non-subscribers can access the report by completing the form on this page.

Click here to read more about why not-for-resale savings could be the key to unlocking profitability.

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Reasons to Read

The Coresight Research Playbook series provides recommendations for brands, retailers and marketplaces seeking to tap growth segments and emerging trends.

Coresight Research has identified the sharpening of last-mile strategies in retail as one of the key trends to watch in 2021Retailers will have to enhance their last-mile delivery capabilities moving forward in order to capitalize on the pandemic-driven shifts in consumer spending behavior that are likely to sustain in the long term.

In this Playbook, we present four key strategies that US retailers can adopt in their last-mile ecosystem to gain a competitive advantage, covering the following topics:

  1. In-house logistics infrastructure
  2. Returns
  3. Sustainability
  4. Technology for BOPIS and curbside pickup

Read more about key innovations in retail’s last-mile ecosystem in our separate report, which covers  autonomous delivery robots, BOPIS and curbside pickup, smart lockers and visibility tools.

Click here to read the previous report in the Playbook series, which presents five best practices for US brands and retailers to develop winning livestreaming e-commerce strategies.

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Each year, the IRS reports tax return filings and refunds on a weekly basis. This year, the filing deadline was extended to May 17. We look at what has happened in the 2021 tax filing season, as of May 21, 2021.

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Reasons to Read

On May 6, 2021, Deborah Weinswig, CEO and Founder of Coresight Research, hosted an online event in conjunction with Inspectorio, which brought together leaders from selected textile companies to discuss the use of data in ensuring operational efficiency in the supply chain.

In this report, we present insights from the event, covering the benefits of digitizing quality assurance and compliance processes and the importance of collaboration among key stakeholders across the supply chain.

This report is available for free and can be accessed by registering for a free account.

Click here to watch the on-demand webinar of this event.

Inspectorio won Coresight Research’s Innovator Showcase online pitch competition in February 2021. Click here to read highlights from the pitches of the five competing companies.

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Reasons to Read

The Coresight Research US Apparel and Beauty Spending Tracker provides a monthly update on the trajectory of consumer spending on beauty, clothing and footwear.

We discuss a spike in consumer spending on apparel in April 2021 and strong spending growth in the beauty category. This report covers year-over-year changes in US consumer spending across the following sectors:

  • Clothing and footwear
  • The clothing subcategories of children’s and infant’s clothing, men’s and boy’s clothing, and women’s and girl’s clothing
  • The footwear subcategory
  • Selected beauty categories

Coresight Research’s monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on the US, the UK and China. Click here to view our full collection of monthly reports.

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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 the reveal of Amazon’s Prime Day event this year.

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

This report is available for free and can be accessed by registering for a free account.

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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—and versus the comparable period in 2020
  • 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, there are highlights from Conn’s and Timothy Oulton in the US and Floor Superstore and Paul Smith in the UK. We also discuss quarterly store opening and closure settlements following the release of quarterly company filings this week—including from Dollar General, Dollar Tree, Gap Inc. and others.

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

This report provides select findings from Coresight Research’s May 24 survey of US consumers on their behaviors and expectations, with a focus on implications for retailers.

This report is available for free and can be accessed by registering for a free account.

We highlight selected findings from our weekly survey across the following key topics:

  • Consumers’ plans to shop Amazon Prime Day this year and how they will be influenced by promotions
  • Continued return to regular pre-pandemic activities—notably, visting enclosed shopping centers

Our full report is available to premium subscribers and includes further findings on shoppers’ current spending behaviors.

Complementing our weekly survey reports, our new 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 on US Consumer Tracker and US Consumer Tracker Extra reports.

Click here to view Coresight Research’s US Consumer Tracker Databank.

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Reasons to Read

On May 5, 2021, Deborah Weinswig, CEO and Founder of Coresight Research, chaired an online event in conjunction with Retailers United, in which leaders from selected data and analytics companies discussed the pandemic-led transition to digital commerce.

In this report, we present insights from the event, covering the three key factors for retailers to consider when developing or reframing an existing digital strategy.

This report is available for free and can be accessed by registering for a free account.

Click here to watch the on-demand webinar of this event.

Contents (Click to navigate)

Transitioning to Digital: Three Strategic Factors

  1. Choosing the Right Online Selling Platform
  2. Getting Seen: Understanding Optimization and Extracting Insights from Data
  3. Social Listening and Social Media as a Sales Tool

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Reasons to Read

In this Market Outlook, we discuss the performance and outlook for the US department store sector. We explore e-commerce penetration, the competitive landscape and US retail innovators. We also discuss key themes in the sector, covering supply chains, new retail partnerships and continuing category expansion.

For more on US department store retail, read our separate report, Head-to-Head in Department Store Retail: Kohl’s vs. Macy’s

Click here to read more Coresight Research Market Outlook reports.

Contents (Click to navigate)

What’s the Story?

Market Performance and Outlook

Market Driver: Vaccinations Lead a Return to Work and Recreation, Boosting Apparel Spending

Online Sales vs. Physical Store Sales

Competitive Landscape

Three Themes We Are Watching

Retail Innovators

What We Think

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Reasons to Read

We provide an outlook for US retail and service spending in the near term, analyzing Coresight Research’s proprietary survey data to understand how consumers will change their spending behaviors once they have received a Covid-19 vaccine.

We highlight five key ways in which widespread vaccinations will impact spending through the remainder of 2021, with a focus on the implications for US retail. Exploring the five components of the next spending revolution, we include discussion of the following:

  • Categories in which consumers plan to spend more or less once vaccinated—compared to pre-pandemic and compared to the 2020 pandemic period
  • Differences in consumer spending plans by income, age and region

To read more about US consumers’ behaviors and expectations, with a focus on the implications for US retail, see Coresight Research’s US Consumer Tracker, which presents our weekly survey findings. 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 read our full collection of reports.

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

Contents (Click to navigate)

What’s the Story?

Why It Matters

The Next Spending Revolution in the US: In Detail

What We Think

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Reasons to Read

Each year, the IRS reports tax return filings and refunds on a weekly basis. This year, the filing deadline was extended to May 17. In this report, we look at what has happened in the 2021 tax filing season, as of May 21, 2021.

This report covers the following:

  • Number of returns filed and processed, and total and average refunds returned, as of May 21, 2021
  • A comparison of 2021 tax filing season to 2020
  • Total annual refunds disbursed, 2016–2021

Click here to read our wrap-up report on the 2020 tax filing season.

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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 2021 versus the comparable period in 2020.

Year-to-date data in this report are as of May 28, 2021 (corresponding to week 21 in our Weekly US and UK Store Openings and Closures Tracker).

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

Coresight Research’s 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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