Reasons to Read

UK retail sales growth returned to pre-crisis levels in July, building on the significant improvement in June. Total growth was supported by small retailers and big-ticket sectors.

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

  • We chart the trend in total value and volume retail sales growth over the last 13 months.
  • We show value sales growth for 20 sectors across food and nonfood retail, for each of the latest three months.
  • We discuss growth in online retail sales, by major sector.

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.

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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 second-quarter 2020 earnings. We condense what retail companies are reporting regarding the following key content, with a focus on the impact of the coronavirus crisis:

  • Management commentary on demand trends in the second quarter (where reported)—including comparable sales growth, details on consumer demand by category or channel and qualitative insights
  • The strength of e-commerce following temporary store closures
  • Details on the performance of reopened stores, where these have been provided
  • The outlook for demand, as reflected in revenue guidance or more qualitative commentary on the shape or strength of demand—helping to build a picture of a potential US retail recovery in consumer demand

This week, there are highlights from companies that reported in the week ended August 23, including Estée Lauder, Kohl’s, L Brands and The TJX Companies.

Read the Earnings Insight 2Q20, Week 2 report here.

Click here to read our wrap-up report for first-quarter 2020 earnings.

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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 coronavirus-led delay to the back-to-school season for US retail, as well as the pull-forward of peak holiday demand.

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 year to date in 2020
  • What is happening in retail in the US and UK this week
  • Year-to-date 2020 major US and UK store openings and closures
  • 2020 major US retail bankruptcies
  • New non-store-closure news

This week, there are highlights from Rent the Runway, Stein Mart and Stage Stores in the US, and Baird Group and Jigsaw in the UK. We also discuss quarterly store opening and closure settlements following the release of quarterly company filings this week.

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

Complementing our weekly Tracker report, the new Coresight Research Retail Store Databank offers our premium subscribers access to openings and closures data from 2012 to 2020 year to date, filterable by sector and year. Click here to view.

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Reasons to Read

On August 20, 2020, John Harmon, Senior Analyst at Coresight Research presented a wrap-up of the second quarter of 2020 at a virtual webinar hosted in partnership with business weather intelligence firm Planalytics.

This presentation covers:

  • Business Trends and Results
  • Trends and Impacts of Back to School
  • Weather outlook for Back to School

Evan Gold, EVP of Global Partnerships at Planalytics also presented weather-driven insights for the quarter.

Click here to read Coresight Research coverage of Back to School. For more on US retail sales, click here.

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We present Three Things You Need To Know on US Survey Update: How Consumers Expect To Shop for the Holidays. Find the full report here.

Reasons to Read

Demand forecasting lies at the core of every retailer’s operations and supply chain, since it affects nearly every other retail business function—from sales and inventory to promotions and margins.

This report covers the following key content:

  • A discussion of the role of demand forecasting within retail supply chains
  • Examples of major retailers that are benefiting from demand-forecasting software—including Coach and Sainsbury’s
  • A market overview, with profiles of selected demand-forecasting solutions providers—including Blue Yonder, IBM and Oracle
  • The advantages of artificial intelligence and machine learning within demand forecasting—as well as the value of human intuition
  • Implications for retailers, real estate firms and technology vendors

This report is part of Coresight Research’s RetailTech series. Click here to read the previous report in this series.

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Reasons to Read

With US consumers shopping online more now than prior to the Covid-19 pandemic, brands and retailers have had to deepen their digital capabilities to adapt to the growth of e-commerce. We explore how the apparel sector is remaining competitive in the fast-changing retail environment by launching new products and services to drive sales during and post crisis.

This report presents our insights across the following key topics:

  • Consumer demand for convenience and the widespread adoption of curbside pickup
  • The transformation of the shopping experience through virtual services—including online consultations and virtual try-on
  • The comfort trend—selected brands’ efforts to align with consumers’ desire for comfortable apparel

 

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Reasons to Read

This report forms part of our Innovator Intelligence series, which focuses on emerging technologies that are disrupting traditional retail and fueling innovation across the retail value chain.

We discuss the key trends that are impacting omnichannel fulfillment and consider how retailers can leverage computer vision to simplify the order-pickup process.

This report includes insights and discussion around the following topics:

  • Future growth of BOPIS (buy online, pick up in store)
  • Order fulfillment across selected US retailers—including Kohl’s, Macy’s and Target
  • The importance of convenience to shoppers
  • The correlation between speed of order fulfillment and customer satisfaction
  • The role of inventory management in omnichannel fulfillment

We also explore Position Imaging, a logistics and asset-tracking company, covering the following:

  • Position Imaging’s iPickup order-fulfillment platform—what the solution includes, how it is an industry disruptor, how it functions and the different installation options
  • iPickup case study
  • Market positioning and key competitive advantages
  • iPickup’s pricing model and recent developments

This report is sponsored by Position Imaging.

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Reasons to Read

On August 10, 2020, Coresight Research CEO and Founder Deborah Weinswig presented on the new world of retail at Quinyx’s “Evolving to Thrive” virtual summit. The event hosted cross-sector industry leaders to discuss adapting and re-inventing operations and workforces in a post-Covid world.

We present insights from Weinswig’s presentation across five key topics around how the Covid-19 pandemic has rewritten the rules of retail:

  1. Improvements in the current US retail environment
  2. Long-lasting consumer behaviour changes—including shifts in purchasing priorities
  3. Alterations to the consumer-retailer interaction model and the role of technology in facilitating these developments
  4. Streamlining back-end retail operations
  5. Inclusion and sustainability

To register for future digital events hosted by Coresight Research, please click here.

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Reasons to Read

Our Consumer Tech Briefing series discusses recent developments in the world of technology.

This month, we look at the opportunity for social video platforms amid US concerns around TikTok’s data security. We discuss developments in the short-video space by three major players:

  • Facebook’s launch of Instagram Reels
  • Snapchat’s upcoming music-powered feature
  • Triller’s expanding reach and music-licensing partnerships

Read more about technological innovations in our previous Consumer Tech Briefing report, which looks at the global market for wearable tech.

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We present Three Things You Need To Know on US Store Closures: Apparel Sector Accelerates Toward Record Number of Store Closures. Find the full report here.

Reasons to Read

On August 18, 2020, Deborah Weinswig, Coresight Research CEO and Founder, emceed Retailers United’s “Help America Reopen” pitch competition, in which five US retail startups competed for a $10,000 grant. Weinswig also featured on the judging panel of industry experts.

This presentation covers:

  • An introduction to the judges and finalists
  • The startup pitches
  • Audience voting and awards

Click here to view all Coresight Research coverage of Retailers United events.

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Reasons to Read

As one result of the “mask economy” due to Covid-19, US retailers are refocusing on product over experiences—a reversal of the previous trend toward experiential retail.

In this report, we discuss the following key topics:

  • How the shift away from experiential retail is leading to retail store closures
  • Increased integration between store and e-commerce operations—and the conversion of locations to dark stores
  • Implications for retailers and real estate firms of the pivot to product over experiences

We include highlights from Amazon, Bed Bath & Beyond and Microsoft.

Click here to read our US Store Closures 2020 Outlook.

Read our separate report for our expectations of the acceleration of bankruptcy filings through the remainder of the year.

Click here to read Coresight Research’s ongoing coverage of the coronavirus pandemic, and visit our Coronavirus Tracker for more information on temporary store closures and key developments.

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Reasons to Read

The Coresight Research Retail Innovators series examines how key players and startups are disrupting different retail sectors.

In this report, we focus on five technology innovators in the apparel market:

  • 3DLOOK, which provides personalization solutions to solve retailer’s problems related to apparel fit
  • Obsess, an augmented and virtual reality software platform for experiential shopping.
  • Bold Metrics, a fit technology company that uses artificial intelligence to provide data insights
  • Unmade, an operating platform that connects fashion and sportswear brands directly to production
  • Myant, which uses textile computing to help people manage health conditions through smart clothing

We discuss these industry players in the context of changing consumer demand in the apparel sector, including the influence of e-commerce and a heightened emphasis on remote and virtual services, as well as sustainability.

We provide company profiles and consider the following key topics for each innovator, covering e-commerce and physical retail:

  • How the company has disrupted the market
  • Brick-and-mortar presence—including growth strategies and omnichannel ecosystems
  • Landscape, tailwinds and headwinds
  • Impact on traditional players

Click here to read the previous report in our Retail Innovators series, which looks at companies disrupting the real estate investment trusts (REITs) sector.

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