Reasons to Read

In the US, Valentine’s Day has seen steady growth over the last decade, with a huge increase in spending estimated to have been seen in 2020. This year, Presidents’ Day (February 15, 2021) falls directly after Valentine’s Day (February 14, 2021), giving retailers a long weekend to take advantage of both events simultaneously in the middle of the month.

In this report, we examine the retail opportunities for Valentine’s Day in the US in 2021, using Coresight Research proprietary survey data. We cover the following topics:

  • US Valentine’s Day shoppers’ spending expectations
  • Estimated total spend and average spend on Valentines’ Day over the past decade
  • In-store versus online shopping expectations and popular destinations by retailer type
  • Estimated spending on gifts by recipient
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The US furniture and home-furnishings retail sector had a strong 2020 compared to discretionary retail sectors, supported by significant growth in e-commerce sales.

Coresight Research estimates that e-commerce penetration will grow to almost one-quarter of total sales by 2025.

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Reasons to Read

As part of our E-Commerce Outlook series, we provide an overview of e-commerce development in the US furniture and home-furnishings retail category. We also discuss how e-commerce growth is driving structural shifts within the category, as well as the outlook for the online channel in 2021 and beyond.

Click here to read our E-Commerce Outlook report on the US apparel and footwear market.

CONTENTS

What’s the Story?

E-Commerce Performance and Outlook

Online Market Drivers

Competitive Landscape

E-Commerce Innovators

Themes We Are Watching

What We Think

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Reasons to Read

We review comparable sales growth and e-commerce performance for the US holiday 2020 period. We provide updates for a 13 major UK retailers including Costco, Five Below, Macy’s, Tiffany & Co. and Target. This US Retail Wrap-Up report can help to gauge the scale and shape of demand as we head further into 2021.

Click here to read our UK Retail Wrap-Up report.

Click here to view the 2020 Holiday Recap Event Presentation.

Coresight Research’s monthly reports keep you up to date on US and UK retail sales, US retail traffic and in-store metrics, and key global consumer indicators. Click here to view our full collection of monthly reports.

CONTENTS

What’s the Story?

Why It Matters

Holiday Retail Sales: In Detail

What We Think

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Reasons to Read

We present the key global retail and consumer trends for 2021, which fall under five umbrellas: the new consumer; the future of physical retail; the evolution of digital retail; doing good is good business; and discovering new ways of transacting. Our analysts outline their predictions, as well as the details and impacts of each trend on various retail sectors and regions. We summarize our key insights in a graphic for each trend.

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Click here to view the corresponding presentation to this report.

Click here to read our 2021 Retail and Technology Outlook, in which Coresight Research’s analysts provide directional outlooks and sector headwinds and tailwinds for 2021 across 10 channels, sectors or markets.

Click here to read our Retail 2021: 10 Trends for China E-Commerce report, in which we discuss how brands and retailers that are targeting the China market could capitalize on the changes we expect to see over the course of the year.

CONTENTS

What’s the Story?

Global Trends in 2021: A Deep Dive

1. The New Consumer

2. The Future of Physical Retail

3. The Evolution of Digital Retail

4. Doing Good Is Good Business

5. Discovering New Ways of Transacting

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Reasons to Read

In our New Retail in China series (formerly New Retail Briefing), we review the latest trends in New Retail, with a focus on major digital platforms and multichannel retail companies in China. We offer insights into recent news, with a focus on digitalization and strategic collaborations.

This month, highlights include Gucci’s launch of a flagship store on Tmall Luxury Pavilion and China’s growing domestic duty-free market, including the opening of JD.com’s first duty-free store, in Hainan province. We also discuss investments in delivery lockers from JD.com, Pinduoduo and Suning.com, given their increase in popularity as last-mile delivery solutions.

The appendix details the last 12 months of New Retail developments in China.

Click here to read the previous report in the New Retail in China series, which discusses Alibaba’s upgrades to the Taobao app content ecosystem and the opening of three Seven Fresh Life stores in Guangzhou in December by JD.com.

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Reasons to Read

Coresight Research’s January 25 survey provides a detailed update on US consumers’ behaviors, concerns and expectations amid the coronavirus crisis, with a focus on the implications for US retail.

Our tracker questions cover the following:

  • What product categories respondents had purchased in-store and online in the past two weeks
  • Which retailers respondents had bought food and nonfood products from in the past two weeks
  • What activities respondents have done in the past two weeks and what they expect to do in the next two weeks
  • Whether respondents are currently avoiding public areas—and which types of places they are avoiding

We also present findings and trend data on shoppers’ current shopping and online spending habits—including what they are buying more and less of than pre-pandemic.

If you do not have a premium subscription, you can access select findings in a complimentary abridged report

Click here to view all of our weekly survey reports.

CONTENTS

What’s the Story?

What Shoppers Are Buying and Which Retailers They Are Buying From

What Consumers Bought In-Store and Online

Retailers: Where Consumers Shopped

What Shoppers Are Doing and Where They Are Going

Consumers Get Slightly More Adventurous

Eight in 10 Are Currently Avoiding Public Places

Reviewing Trend Data in Current Purchasing Behavior

What Consumers Are Currently Buying More Of and Less Of

What We Think

Methodology

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Reasons to Read

This report provides select findings fromCoresight Research’s January 25 survey of US consumers on their behaviors and expectations, with a focus on implications for retailers. This week, we discuss what consumers bought in-store and online and the avoidance rate of public places.

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 three key topics:

  • Consumers in-store and online shopping preferences
  • Which retailers consumers purchased from for food and nonfood products
  • Avoidance rates of shopping centers and public places

Our full report is available to premium subscribers and includes further findings on shoppers’ current online spending habits and the activities they expect to do in the next two weeks.

Click here to view all of our weekly survey reports.

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We present Three Things You Need To Know on Head-to-Head in E-Commerce: Alibaba vs. JD.com. Find the full report here.

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 impact on retail of the new “Build Back Better” recovery plan in the US.

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

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Reasons to Read

On January 26, 2021, Coresight Research and Blue Yonder hosted a virtual mini conference, “Supporting the Customer Journey: Localization for Speed to Market and Flexibility.”

The event brought together leaders from top retailers and organizations—including AAFA (American Apparel & Footwear Association), New Balance, Orvis, PVH Corp. and Tractor Supply—to explore existing challenges in retail and the strategies that brands and retailers can employ to keep up with fast-changing consumer demand and shifting market conditions.

In this free report, we provide eight key insights from the mini conference, covering the following topics:

  • Nearshoring and “newshoring” strategies, as well as the on-demand manufacturing model
  • Synchronized supply chains and reducing risk in inventory management
  • Sustainability and environmental initiatives
  • Last-mile delivery
  • The role of physical stores—in terms of customer shopping preferences and the in-store experience, and as fulfillment centers
  • Direct-to-consumer selling

Click here to view the associated deck, which presents Coresight Research and Blue Yonder survey findings on the impact of Covid-19 on consumers’ purchase behaviors and retailers’ strategies on nearshoring and sustainability.

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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, there are highlights from Amazon, American Eagle Outfitters, Conn’s HomePlus, Costco, Francesca’s, Godiva and L’Occitane in the US and Frasers Group and JYSK in the UK.

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

Complementing our weekly report, the Coresight Research Retail Store 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

On January 26, 2021, Coresight Research and Blue Yonder hosted a virtual mini conference, “Supporting the Customer Journey: Localization for Speed to Market and Flexibility.” The event brought together leaders from top retailers and organizations—including AAFA (American Apparel & Footwear Association), New Balance, Orvis, PVH Corp. and Tractor Supply—to explore existing challenges in retail and the strategies that brands and retailers can employ to keep up with fast-changing consumer demand and shifting market conditions.

Click here to read our insights from the mini conference.

Click here to watch the webinar replay!

In this presentation, we present key findings from Coresight Research and Blue Yonder’s January 2021 survey of retailers and consumers, covering the following content:

  • The impact of Covid-19 on consumers’ purchase behaviors
  • The impact of Covid-19 on retailers’ strategies on nearshoring and sustainability
  • Differences between retailers’ perception of consumer demand and customer’s actual opinions

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Reasons to Read

In December, China’s total retail sales jumped 5.2% year over year, maintaining similar growth to November’s strong increase.

We review monthly data for retail in China in total and by sector:

  • We chart the trend in retail sales growth over the last 13 months.
  • We show retail sales growth for 15 sectors across food and nonfood retail, for each of the latest three months.
  • We discuss growth in online retail sales, by major sector.

We also present full-year growth for total retail sales in China, with discussion of the impacts of the Covid-19 crisis on retail in 2020.

Click here to view our full collection of monthly retail sales reports.

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