Reasons to Read

Part of the Coresight Research Open for Business webinar series, we present the transcript from our conversation with Chris Baldwin, Chairman of BJ’s Wholesale Club, on June 17, 2020. As business leaders are managing their companies through the coronavirus crisis, we are working to stay engaged with, and facilitate an open dialogue for, companies of all sizes.

This webinar covered the following key topics:

  • The response of BJ’s to the Covid-19 pandemic—with Baldwin highlighting the importance of empathy in the current environment
  • The evolution of personalization and assortment localization
  • The changing supply chain—including the working relationships between BJ’s and its suppliers
  • Shifts in consumer demand for alternate categories and delivery services
  • The market positioning of BJ’s as a club retailer

Click here to watch the video recording of this webinar.

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We present Three Things You Need To Know on The Health of the US Small Domestic Appliances Market: Favorable Consumer Trends amid Covid-19. Find the full report here.

 

Reasons to Read

Amazon is seemingly postponing its Prime Day shopping holiday this year, from July to the fall. We present our expectations for the 2020 event and the impact of its postponement on the back-to-school and holiday shopping seasons, based on a proprietary survey of US consumers.

This report also includes the following key content:

  • The features and challenges of Prime Day over the years, and highlights from the 2019 event
  • Our estimates for sales by Amazon on past Prime Days and our estimate for 2020
  • Our Prime Day 2020 outlook—considering three potential tailwinds

Click here to read further Coresight Research coverage of Amazon Prime Day, including from past years. And click here to read all of Coresight Research’s coverage of US holiday retail.

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Reasons to Read

Part of the Coresight Research & Blue Yonder Open for Business webinar series, we present the transcript from our conversation with Brad Santanna, Head of E-Commerce Sales at The Hershey Company, on July 1, 2020. As business leaders are managing their companies through the coronavirus crisis, we are working to stay engaged with, and facilitate an open dialogue for, companies of all sizes. This webinar offered insights into retail challenges and technology solutions in the context of the coronavirus pandemic and beyond.

The discussion covered the following key topics:

  • Changes in retailer and supplier relationships—with Santanna emphasizing collaboration as critical
  • Retailer media strategies across the shopper journey
  • The integration of digital signals into a consumer research plan—to identify consumer behaviors and opportunities
  • E-commerce penetration

A Q&A session also prompted conversation around omnichannel consumer engagement and the future of sales channels, including DTC—with Santanna sharing his advice on the unique value proposition.

Click here to watch the video recording of this webinar.

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Reasons to Read

Written by entrepreneur Jacqueline Ros Amable, a contributor to Coresight Research, this report highlights four examples of startups that are challenging the status quo by introducing alternative supply-chain models, such as by leveraging localized manufacturing or eco-friendly products.

For more about the technologies and trends that are enabling the evolution of the supply chain, read Coresight Research’s Reshaping Supply Chains for the 2020s series, which includes discussion of the consumerization and digitalization of product design and demand forecasting.

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We present Three Things You Need To Know on US Survey Update—Covid-19 To Reshape Back-to-School Shopping. Find the full report here.

Reasons to Read

Each year, the IRS reports tax return filings and refunds on a weekly basis, starting at the end of January until the April 15 deadline. This year, due to Covid-19, the US Department of the Treasury extended the deadline to file (and more importantly, to pay) July 15.

In this report, we look at what happened in the 23rd week of the 2020 tax filing season, including:

  • How the extended deadline has affected filings and refunds so far.
  • The impact of the coronavirus shutdown on IRS operations.
  • The current status of returns filed, processed and refunds issued.

Read the 2020 Tax Tracker for week 22 here.

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Reasons to Read

We update our 10 retail-tech startup trends for the remainder of 2020 and into 2021. We have identified five new trends and updated our top five existing trends in the wake of the coronavirus crisis.

In this report, we discuss a number of themes, including the following:

  • How demand for contact-light retail will drive omnichannel fulfillment options and cashierless store experiences
  • The impacts of the Covid-19 crisis on the importance of demand forecasting
  • The shift to experiential e-commerce, powered by augmented reality
  • Inventory management—including the use of artificial intelligence and machine learning
  • Last-mile delivery—leveraging autonomous robots
  • The consumerization of health care and sustainability as priorities for retailers

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

Coresight Research is publishing ongoing coverage on the coronavirus outbreak, which can be accessed here.

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Reasons to Read

On July 14, 2020, Marie Driscoll, Managing Director of Luxury and Fashion at Coresight Research presented

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Reasons to Read

The rising popularity of raising pets in China is fueling the growth of the Chinese pet economy. We look at key drivers in China’s pet-related market and the increasing demand for premium and smart pet-care products.

In doing so, we explore the following topics:

  • The significant growth of China’s pet economy in recent years
  • Key drivers of the pet products and services market—covering consumer demographics and the increasing penetration of e-commerce
  • Trends in product demand and the emergence of a new array of pet-related business
  • Implications for brands and retailers

Click here to read the previous report in the Insights from China series, which explored how brands and retailers can leverage short-video platforms Douyin and Kuaishou as part of their digital marketing strategies.

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Reasons to Read

We explore the health of the small domestic appliances market in the US, in the context of favorable consumer trends that have been driven by the Covid-19 crisis.

This report covers the following content:

  • Market overview—including US consumer spending in recent years
  • The impact of Covid-19—such as a shift in consumer focus to at-home cooking
  • Key players in the market—including Hamilton Beach Brands, Newell Brands and Spectrum Brands
  • Key trends that are shaping demand for small appliances—including the influence of advancing technologies and emerging startups

The coronavirus pandemic has delivered a significant blow to most discretionary retail categories in the US and globally, but in this report, we consider how the small domestic appliances market may defy the downturn. Click here to read our post-crisis outlook for the home-improvement sector, another home-related category that we expect to perform well this year.

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Reasons to Read

We review comparable sales metrics reported by Costco for the month of June 2020, including the following:

  • Year-over-year same-store sales growth—global and US comps
  • Global online comparable sales
  • Performance by segments

We also consider the factors that impacted comparable sales in June, including coronavirus-led store closures and gasoline price deflation.

Click here to read about Costco’s comparable sales performance in May 2020.

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Reasons to Read

Part of the Coresight Research & Blue Yonder Open for Business  webinar series, we present the transcript from our conversation with Bjoern Petersen, President of Sensormatic Solutions, on June 3, 2020. As business leaders are managing their companies through the coronavirus crisis, we are working to stay engaged with, and facilitate an open dialogue for, companies of all sizes. This webinar offered insights into retail challenges and technology solutions in the context of the coronavirus pandemic and beyond.

The discussion covered the following key topics:

  • The impact of Covid-19 on Sensormatic Solutions and essential and nonessential retailers, from supply chains to consumer demand
  • The shift toward e-commerce
  • Issues for the physical store around returns and shrink
  • The importance of RFID and other technology in achieving inventory accuracy

In addition, we reviewed responses from webinar attendees to a live poll around demand forecasting and loss prevention. A Q&A session also prompted conversation around how retailers can best position themselves to gain actionable, real-time inventory insights—with Petersen sharing his advice on technologies and change management.

Click here to watch the video recording of this webinar.

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QUESTION OF THE WEEK: How Can Prescriptive Analytics Determine Retailers’ Corrective Actions?

Prescriptive analytics has five core capabilities that incorporate machine learning to suggest corrective actions to retailers: Anomaly detection, whereby performance that deviates from an average or baseline for a variety of retail metrics is identified; assessing hidden demand—revenues that retailers could have collected but missed; sentiment analysis; clustering—the aggregation of similar customers, employees or stores; and shrink

Reasons to Read

This report provides select findings from Coresight Research’s July 8 survey of US consumers on the coronavirus crisis. We asked respondents about the impact of the pandemic 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. Selected findings in this report include:

  • How the crisis is shaping what consumers will spend on during the upcoming back-to-school season
  • Whether respondents are continuing to shop for apparel online, despite the reopening of brick-and-mortar stores
  • Whether respondents are buying more or less of any retail categories as a result of the Covid-19 outbreak and, if so, which types of products

Our full report is available to premium subscribers and includes further findings:

  • The impact of the coronavirus outbreak on consumers’ expectations for spending during the back-to-school season compared to last year
  • A full list of 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 or travel—and which types of places or travel they are avoiding
  • Whether US shoppers are making more purchases online during the coronavirus outbreak and, if so, which categories
  • Whether respondents expect to retain behaviors from the coronavirus outbreak period over the long term—and if so, which behaviors

Our latest research provides an update to our previous reports, which were based on surveys undertaken on July 1, June 24, June 17June 10, June 3, May 27, May 20, May 13, May 6, April 29, April 22, April 15, April 8, April 1, March 25 and March 17–18.

In addition to this survey, Coresight Research is publishing ongoing coverage on the coronavirus outbreak, which can be accessed here.

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