Reasons to Read

The 2020 coronavirus pandemic has seen governments across the globe impose lockdowns and restrictions to curb the spread of the virus and protect their citizens, and India is no exception. We discuss the wide-ranging impacts of the ongoing lockdown on India’s retail sector and explore how retailers have responded to the crisis.

This report covers the following key topics:

  • Total number of coronavirus cases and deaths in India to date
  • The retailer sector’s share of GDP and employment in India—and retailers’ expectations for recovery from the coronavirus lockdown
  • How India’s retail sector has adapted during lockdown—including strategic partnerships and delivery services in the grocery sector, as well as consumer-engagement efforts by nonfood retailers
  • Challenges that lie ahead on the road to recovery—such as inefficiencies in supply chains and shopper caution

We present our recommended approach for retailers to survive the post-coronavirus reocovery period and emerge stronger, which comprises three actions:

  • Examining costs
  • Redesigning physical spaces
  • Refocusing resources to digital commerce

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

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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 14th 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.
  • The total number and amount of Economic Impact Payments to date.

Read the 2020 Tax Tracker for week 13 here.

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We present Three Things You Need To Know on US Online Grocery Survey 2020: Many More Shoppers Buying More Categories from More Retailers. Find the full report here.

Reasons to Read

Target is set to acquire technology from delivery services provider Deliv in May 2020. This report includes the following content:

  • An outline of Deliv’s capabilities and the benefits that its technology will offer Target
  • A discussion of Target’s previous acquisitions in the delivery space—such as Shipt

A full timeline of Target’s key events is available here.

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Reasons to Read

In collaboration with competitive-intelligence provider DataWeave, Coresight Research analyzes Amazon’s private-label offering, which comprises over 20,000 products.

We present our top four key findings, covering the following content:

  • The distribution of private-label products by category
  • The top 10 private-label brands, by number of products—and the segmentation of product catalogs
  • The average price points of Amazon private-label apparel products and brands
  • Product ratings and number of reviews as an indication of customer satisfaction

We also explore our proprietary dataset in more detail, including the following:

  • A full breakdown of private-label products across Amazon categories
  • A deeper look into private-label apparel, by product subcategory
  • The top 30 private-label brands by number of products

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

In addition, click here to read Coresight Research’s findings from our proprietary consumer survey on Amazon apparel in the US.

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Reasons to Read

This report provides select findings from Coresight Research’s April 2020 analysis of Amazon’s private-label offering, in collaboration with competitive-intelligence provider DataWeave.

This report is available for free and can be accessed by registering for a free account. Selected findings in this report include:

  • The size of Amazon’s private-label portfolio, which has grown significantly in the last year.
  • The distribution of private-label products by category.
  • Product ratings and number of reviews as an indication of customer satisfaction.

Our full report is available to premium subscribers. It includes further findings across the following topics:

  • A full breakdown of private-label products across Amazon categories
  • The average price points of Amazon private-label apparel products and brands
  • A deeper look into private-label apparel, by product subcategory
  • The top 30 private-label brands by number of products—and the segmentation of product catalogs

In addition, click here to read Coresight Research’s findings from our proprietary consumer survey on Amazon apparel in the US.

 

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Reasons to Read

Our monthly US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato. This report looks at April same-store sales for Costco and Buckle:

  • Costco’s same-store sales declined, but online comparable sales saw significant growth.
  • Buckle’s total net sales plunged significantly following the slump in March.

Cato’s comparable sales data for April was not available at the time of publishing.

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

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Reasons to Read

Weibo is the largest micro-blogging platform in China, and the site has been expanding its feature to incorporate short-video, e-commerce and livestreaming functionality.

We discuss how brands and retailers can leverage Weibo as part of their digital marketing strategies. In doing so, we explore the following topics:

  • The popularity of Weibo in China
  • The different types of promotional campaigns that brands can launch
  • Weibo’s e-commerce tools for brands
  • Advertising options on the social media platform that brands can use to gain impressions and drive engagement
  • Examples of successful marketing campaigns on Weibo—including Kate Spade and Dior
  • Implications for brands
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Reasons to Read

Coresight Research’s May 6 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.

We discuss a number of survey findings on expected behavior after lockdowns end, including:

  • Whether respondents expect to avoid public areas or travel once lockdowns end—and which types of places or travel they will avoid.
  • How long consumers expect to avoid public places or travel for.
  • When respondents expect their spending levels to return to normal.
  • How long consumers expect the impacts of the Covid-19 crisis to last in the US.
  • Whether respondents expect to retain behaviors from the coronavirus outbreak period—and if so, which behaviors.

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; we provide trended data for a number of categories such as apparel, beauty and furniture/home products.
  • Whether US shoppers are making more purchases online during the coronavirus outbreak and, if so, which categories.
  • We also asked respondents how worried they are about the outbreak and about their concerns surrounding job and income prospects.

The findings provide an update to our previous reports, which were based on surveys undertaken on April 29, April 22, April 15, April 8, April 1, March 25 and March 17–18. We provide week-over-week comparisons for most metrics.

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

This report provides select findings from Coresight Research’s May 6 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 consumers expect to avoid public places or change travel arrangements once the coronavirus lockdowns are eased and businesses reopen—we look at week-over-week changes.
  • US shoppers’ expectations of the length of the outbreak’s impact on everyday life in the US—we show the trend over the past eight weeks.
  • Week-over-week changes in spending behaviors, including discretionary purchases and online shopping.

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

  • The types of places respondents expect to avoid after lockdowns end, and how long consumers expect to retain avoidance behaviors for.
  • When respondents expect their spending levels to return to normal.
  • Whether respondents expect to retain behaviors from the coronavirus outbreak period—and if so, which behaviors.
  • How long consumers expect the impacts of the Covid-19 crisis to last in the US.
  • 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.
  • We also asked respondents how worried they were about the outbreak and about their concerns surrounding job and income prospects.

Our latest research provides an update to our previous reports, which were based on surveys undertaken on 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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QUESTION OF THE WEEK: What Are the Most Purchased Beauty, Grooming and Personal Care Products among Chinese Consumers?

The most purchased beauty, grooming and personal care products among consumers in China are cleansing products, masks and lipstick. Notably, eight out of the top 10 products most purchased by China’s beauty shoppers are skincare-related items, including masks, sunscreen, moisturizer and toner. Lipstick and fragrance are the only non-skincare-related products to feature in the top-10 list.

Reasons to Read

Singles’ Day, which began as a festival of young Chinese people celebrating their pride in being single, has become the world’s largest 24-hour online shopping event in terms of gross merchandise volume. Alibaba is the major players in the 11.11 Global Shopping Festival, although JD.com has been growing its presence in the event year over year.

With six months to go until Singles’ Day 2020, brands and retailers looking to participate in the event should start to plan now: We outline the actions that they can take to get ready for the shopping festival.

We cover the following key content:

  • The opportunity that Singles’ Day presents, particularly this year as the impacts of the coronavirus have hit retail hard
  • Key calendar dates in the lead-up to Singles’ Day 2020
  • The popularity of livestreaming and short-video apps (such as TikTok) among Chinese consumers, and the potential of these as sales channels
  • A detailed look at the GMV of the 11.11 Global Shopping Festival over the years—and how this compares to major US shopping holidays such as Amazon Prime Day and Black Friday

Click here to read more about Singles’ Day 2020 as we count down to the event, as well as further Coresight Research coverage of past Singles’ Day events.

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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” looks at the cautious reopening of retail stores in the US following the coronavirus pandemic.

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

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Reasons to Read

Neiman Marcus began Chapter 11 bankruptcy proceedings on May 7, 2020, making it the first US department-store retailer to file for bankruptcy amid the ongoing coronavirus crisis. We outline the proceedings, including the following:

  • The restructuring support agreement
  • Emergence from Chapter 11

We discuss the company’s recent struggles in the luxury market and the impact of the coronavirus pandemic on Neiman Marcus.

Read our Weekly US and UK Store Openings and Closures Tracker to see how other major retailers in the US and UK are currently faring the coronavirus crisis. Visit the Coronavirus Tracker page to view data on the development of the coronavirus pandemic and the impact on retail—including temporary store closures and reopenings in 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 Five Below, J.Crew and Nordstrom in the US and The Oasis and Warehouse Group and Sainsbury’s 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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