Reasons to Read

This report is part of a monthly series in which we discuss developments in China under the banner of “New Retail.” We offer insights into recent news, with a focus on digitalization and strategic collaborations.

This month, highlights include the new strategies that e-commerce platforms have been rolling out to support businesses in China and the US in the wake of the coronavirus crisis—specifically, the extension of payment terms for US buyers by Alibaba.com and JD.com’s plans to upgrade its logistics network to better serve lower-tier markets in China.

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

Click here to read the previous report in the New Retail Briefing series, which looks at new initiatives that brands and e-commerce platforms have launched to generate sales.

Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak.

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QUESTION OF THE WEEK: How Big Is India’s Beauty and Personal Care Market?

India’s beauty and personal care market is estimated to amount to $25.9 billion in 2020 and is projected to reach $32.7 billion by 2023, growing at a CAGR of 8.1%, according to Statista. In 2023, the personal care segment is estimated to account for 46% of the overall market, having grown at a CAGR of 8.3%—making it the largest and fastest growing category.

Reasons to Read

This report explores the recent history of VF Corporation, one of the world’s largest apparel, footwear and accessories companies. We look at key events over the last three years, during which time the company has undergone restructuring but remained committed to its sustainability and responsibility strategy.

We also provide a timeline of VF Corporation’s product offering changes, executive changes and expansion over the past decade.

Click here to read our full collection of Retailers’ Timelines

 

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Reasons to Read

This report provides select findings from Coresight Research’s June 24 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:

  • Whether respondents are continuing to shop for apparel online, despite the reopening of brick-and-mortar stores.
  • Whether respondents are avoiding public areas or travel—and which types of places or travel they are avoiding.
  • Whether respondents expect to retain behaviors from the coronavirus outbreak period—including changed shopping habits.

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

  • 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 buying more or less of any retail categories as a result of the Covid-19 outbreak and, if so, which types of products.
  • Whether US shoppers are making more purchases online during the coronavirus outbreak and, if so, which categories.

Our latest research provides an update to our previous reports, which were based on surveys undertaken on June 17, June 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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Reasons to Read

Coresight Research’s June 24 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.

This week, as retail reopens due to the lifting of lockdowns, we discuss a number of survey findings on consumers’ current and expected behaviors, covering the following:

  • Whether respondents are continuing to shop for apparel online, despite the reopening of brick-and-mortar stores.
  • What activities respondents have done in the past two weeks and what they expect to do in the next two weeks.
  • Whether respondents are avoiding public areas or travel—and which types of places or travel they are avoiding.

We also provide trended data for a number of our regular weekly questions on spending and shopping:

  • 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.
  • 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.

The findings provide an update to our previous reports, which were based on surveys undertaken on June 17,  June 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.

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

In addition to this survey, click here to view additional coverage of the coronavirus outbreak.

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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 implications of the recent online grocery surge for the US and UK markets.

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:

  • 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 Francesca’s, GNC and JCPenney in the US, and Hotter, Lee Longlands and Monsoon Accessorize 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

We explore the beauty and personal care market in India and the opportunities that it presents to international brands and retailers. This report outlines the size of the market and details its key growth drivers—considering population demographics, the e-commerce channel and evolving consumer trends.

We discuss the competitive landscape of India’s beauty retail industry and the ways in which international market leaders—including L’Oréal, Estée Lauder and Sephora—are solidifying their presence in the country.

We also assess the impact of the coronavirus crisis on demand and supply in the Indian beauty and personal care sector, against the backdrop of nationwide two-month-long lockdowns now being eased to enable stores and salons to reopen.

This report is part of our Beauty Insights series, which explores prominent or emerging themes and trends in the global beauty market. Click here to read the previous report in the series, which discusses the future of home hair color as salons reopen post Covid-19 lockdowns.

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Reasons to Read

With Independence Day just around the corner, we estimate total US consumer spending on the occasion this year, in the context of easing coronavirus lockdowns.

In this report, we present our retail outlook for Independence Day on July 4 and propose actions that retailers could take to drive sales.

Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak.

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Reasons to Read

Analyzing consumer demand in May 2020, we saw a partial rebound in the US and the UK after the severe impacts of the Covid-19 crisis in April, while China continued to see improvements.

We examine data and assess the overall trends in the US, the UK and China across the following key consumer indicators:

  • Earnings versus inflation
  • Food and fuel prices
  • Retail sales

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

There have been signs of recovery in China following the lifting of the coronavirus lockdown, and retailers have been making efforts to attract customers back to physical stores. The Coresight Research team recently observed the current retail environment in Shanghai to assess the return of shoppers to the brick-and-mortar format.

We present photographs and observations from our visits to the flagship stores of two retailers that are focused on the young consumer demographic in China: Harmay, a beauty retailer; and The Beast Shop, a lifestyle brand.

Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak in China.

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We present Three Things You Need To Know on Coronavirus Insights: US Survey Update—Signs of a Slowdown in Online Grocery 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, 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 20th 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 19 here.

 

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Reasons to Read

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

As the retail industry continues to evolve, landlords have been forced to keep pace with change in order to remain competitive. We look at five startups that have been disrupting the real estate investment trusts (REITs) sector by offering innovative data and technology solutions:

  • Cherre and Reonomy, which provide SaaS in data analytics
  • FastSensor, which provides data collection and visualization
  • Knotel, a co-working space platform
  • REX, a digital brokerage that leverages artificial intelligence and big data

We also discuss how three major US REITs—Brookfield Properties, EPR Properties and Macerich—are exploring innovative means to generate revenue, such as by offering alternative leasing options and adding entertainment to properties.

This report series includes Retail Innovators: Home-Furnishing Retailersand Retail Innovators: Beauty Brands and Retailers

 

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Reasons to Read

The 6.18 Shopping Festival represented a significant sales rebound in China following the coronavirus crisis. We explore the success of e-commerce platforms during this year’s event and the underlying consumer trends that drove sales.

This report includes discussion of the following:

  • Explosive growth across different e-commerce platforms—including JD.com and Alibaba’s Tmall
  • JD.com’s top-performing product categories
  • Livestreaming as a winning sales tool
  • A focus on discounted prices over complex promotions
  • The rise of C2M products
  • Upgraded logistics for faster delivery services

Click here to our previous report about how JD.com upgraded its services for this year’s festival. This report also includes a timeline of key events around JD.com’s 6.18 Shopping Festival, which was first launched in 2004.

Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak in China.

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