Reasons to Read

The food and grocery retail market in India is among the largest in the world. With organized retail still finding its feet, a host of international retailers are vying to claim a sizeable slice of the grocery sector.

We examine the grocery market landscape in India and discuss the following key topics:

  • Key characteristics of Indian grocery consumers and grocers
  • Economic reforms in grocery wholesale and retail, including a timeline of FDI liberalization
  • Entry routes for foreign brands and retailers
  • Key international players—including Metro, Spar, Tesco and Walmart—and 7-Eleven’s plans to enter the market
  • Opportunities in Indian grocery retail and barriers to entry
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Reasons to Read

We review the economic stimulus payments that began to be rolled out as part of the CARES (Coronavirus Aid, Relief and Economic Security) Act in the week of April 13.

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

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Reasons to Read

As coronavirus lockdowns ease in China, we review a number of newly released economic metrics to consider the impacts of the outbreak and the shape of the recovery that is emerging:

  • In the first quarter or 2020, GDP fell for the first time in decades—we look at the pace of decline.
  • Retail sales continued to decline in March 2020—we review the sequential changes versus prior months and assess the changes in retail sales by sector, including food/grocery, apparel, beauty, electronics and home goods. We also look at the emerging shape of the recovery in China retail sales and consumer demand.
  • Industrial production declined in March 2020—and we consider what that tells us about the likely shape of the economic recovery.

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

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QUESTION OF THE WEEK: Why Do US Shoppers Buy Clothing and Footwear on Amazon?

Two-thirds of Amazon apparel shoppers cited fast, free delivery as a reason for buying clothing and footwear on the platform.

Reasons to Read

This report provides select findings from Coresight Research’s April 15 survey of US consumers on the coronavirus crisis, and provides an update to prior weeks’ survey reports. We asked respondents about the impact of the pandemic on their behaviors and their 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 are buying more or less of any retail categories.
  • The trends in buying more or less apparel, and what this means for fashion spending.
  • The proportion of respondents that expect their spending to be impacted for more than six months.
  • The proportion of consumers that are extremely concerned about the coronavirus outbreak, trended week to week.
  • The proportion of consumers that are worried about losing jobs, part of their income or some of their working hours due to the COVID-19 outbreak, trended week to week.

Our full report is available to premium subscribers and provides additional survey findings including:

  • How concerned US consumers are about the coronavirus outbreak, what they are worried about, and how long they think the severe impacts of the outbreak will last.
  • Whether shoppers are buying more or less of any retail categories as a result of the COVID-19 outbreak and, if so, which types of products.
  • When respondents expect their spending levels will return to normal. ·
  • Whether consumers are making more purchases online during the coronavirus outbreak and, if so, which categories.
  • Respondents’ concerns about jobs and incomes.
  • What proportion of US consumers are now avoiding public places or travel, and what kind of places they are avoiding.
  • Whether respondents expect to retain changed behaviors even after the COVID-19 outbreak ends and, if so, which.

Our latest research provides an update to our previous reports, which were based on surveys undertaken on April 8April 1March 25 and March 17–18. We provide week-over-week comparisons for many metrics.

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 April 15 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 research report provides trended data from previous weekly surveys. Among the subjects we surveyed consumers on are:

  • How concerned they are about the coronavirus outbreak, what they are worried about, and how long they think the severe impacts of the outbreak will last.
  • Whether they are buying more or less of any retail categories as a result of the COVID-19 outbreak and, if so, which types of products.
  • When respondents expect their retail spending to return to normal, precrisis levels.
  • Whether US shoppers are making more purchases online during the coronavirus outbreak and, if so, which categories.
  • Their concerns about job and income prospects.
  • Whether they are avoiding public spaces or travel and the types of places they are avoiding.
  • Whether they expect to retain changed behaviors even after the COVID-19 outbreak ends and, if so, which.

The findings provide an update to our previous reports, which were based on surveys undertaken on April 8, April 1March 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

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 how different types of online grocery retailers have coped with surging demand.

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

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Reasons to Read

JCPenney is reported to be preparing to file for bankruptcy in the wake of coronavirus-driven store closures. We review recent developments, JCPenney’s scale (offline and online) and its product mix. Using Coresight Research consumer survey data, we discuss which apparel retailers could gain shoppers should the department-store chain close its doors for good.

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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 JCPenney and True Religion Apparel in the US and Debenhams in the UK.

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

Amid the coronavirus crisis, we offer an early—and tentative—view on how consumer demand may shape up in retail’s peak holiday season this year.

  • Our early estimates for holiday 2020 retail sales are informed by our conversations with US retail executives.
  • We draw on our proprietary consumer surveys, including those which asked US shoppers how long they expected the coronavirus crisis to impact their spending.
  • We provide an illustrative model for how we think retail’s trough and recovery could look in 2020.
  • We explore the implications for US retailers of a coronavirus-impacted holiday season.

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

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Reasons to Read

In this Market Overview, we explore the personal luxury goods market landscape and consider the top 20 companies and top 15 brands in the global market by revenue—including LVMH, The Estée Lauder Companies Inc., Richemont, Hermès International and Burberry Group.

In the context of 2020’s ongoing coronavirus pandemic, we discuss its impact on both supply and demand in the luxury industry, as well as the actions taken by global luxury brands to help combat the coronavirus. We also look back to the luxury sector during the Global Recession of 2007–2009 to offer insights into the potential recovery of the market.

This report also covers the following topics:

  • Key developments and trends that marked the luxury sector in 2019
  • Luxury e-commerce and its major players, such as Farfetch, Moda Operandi and Secoo
  • China’s luxury shoppers and the exposure of selected retailers to Asia Pacific
  • The luxury market’s competitor landscape, including LVMH, Kering, Tapestry, Capri Holdings and Prada Group

Also in this series is our Market Overview for apparel, which offers a data-rich analysis of the global clothing market.

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Reasons to Read

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.

Highlights from our March 2020 US Retail Sales Report:

US retail sales saw deep declines in March, a stark change from the impressive gains made in January and February as large-scale retail shutdowns are implemented due to the coronavirus pandemic.

Using data from the US Census Bureau, this report looks at which retail sectors saw sales surge and which did not do well in March 2020.

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Reasons to Read

We have seen panic buying take hold across a number of markets in the US in the midst of the ongoing coronavirus crisis, as consumers rush to stockpile products in the face of prolonged lockdowns. This same trend is true in the cannabis and CBD industries, which has significantly affected sales of cannabis in the US. We discuss recent sales data and explore other ways in which the pandemic has impacted these industries, considering the following:

  • Online Delivery and Curbside Pickup Services
  • The designation of cannabis businesses as “essential” services
  • Supply chain disruptions, particularly for vape hardware components from China
  • New product launches of CBD-infused hand sanitizer
  • The cancellation and postponement of cannabis and CBD-related events.

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

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Reasons to Read

The impact of the coronavirus continues to be experienced by retailers globally, negatively affecting comps growth but resulting in a surge in online shopping and essential purchases (such as food).

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

  • Costco’s same-store sales growth rate was significantly below the consensus estimate, impacted by coronavirus lockdowns.
  • Buckle’s total net sales slumped compared to February.

Cato comparable sales data for March 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

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 (of which the IRS is a part) announced the deadline to file (and more importantly, to pay) has been extended to July 15, but has closed assistance centers and suspended in-person tax assistance meetings.

In this report, we look at what happened in the 10th 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 9 here.

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