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, Ollie’s Bargain Outlet and RTW Retailwinds in the US and Frasers Group and Laura Ashley in the UK. We also discuss quarterly store opening and closure settlements following the release of quarterly company filings this week.

This report considers the impact of the coronavirus pandemic on the store portfolios of retailers in the US and 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

This report provides select findings from Coresight Research’s latest survey on the coronavirus crisis. We asked US consumers about the impact of the pandemic on their behaviors and their expectations.

This report is available for free and can be accessed by registering for a free account.  This report features extracts of our full survey, including:

  • How concerned respondents are about the coronavirus outbreak.
  • The impact, or expected impact, on respondents’ jobs and incomes.
  • Whether consumers are making cutbacks in retail spending.
  • What proportion of consumers are avoiding public places or travel, and which types of places they are avoiding.

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.

  • Respondents’ concerns about job and income prospects. · Whether respondents are avoiding public spaces or travel, and the types of places they are avoiding.
  • 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.
  • Whether consumers expect to make more purchases online during the coronavirus outbreak and, if so, which categories.
  • Whether respondents expect to retain changed behaviors even after the COVID-19 outbreak ends and, if so, which.
  • Whether US consumers think stores should be forced to close, and whether they are concerned about healthcare availability.

Our latest research provides an update to our previous report, which was based on a survey undertaken one week earlier.

We provide week-over-week comparisons on most 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 latest survey on the coronavirus crisis asked US consumers about the impact of the pandemic on their behaviors and their expectations. 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.
  • 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 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 they expect to make more purchases online during the coronavirus outbreak and, if so, which categories.
  • Whether they expect to retain changed behaviors even after the COVID-19 outbreak ends and, if so, which.
  • Whether they think stores should be forced to close, and whether they are concerned about healthcare availability.

The research for this report was undertaken on March 25, and the findings provide an update to our previous report, which was based on a survey undertaken one week earlier, on March 17–18. We provide week-over-week comparisons on most metrics.

Our most recent findings suggest US consumers are increasingly worried, are expecting disruption over many months and a growing number are cutting discretionary purchases.

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

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

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Reasons to Read

Coresight Research developed the Coronavirus Retail Robustness Index to evaluate the 100 largest US retailers on their ability to weather the worsening coronavirus outbreak in the US—and spreading store closures, stay-at-home orders and bizarre hoarding habits.

We evaluated companies based on financial strength; whether the company sells products offline, online and internationally; and, on the length of tenure of the CEO.

This report looks at:

  • How companies selling primarily offline will be impacted.
  • The implications for brick and mortar retailers with healthy online offerings.
  • Which categories will fare well, which less so.
  • How international exposure and CEO tenure affect the ranking.

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

 

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Reasons to Read

This report is part of the Coresight Matrix series, to help readers better understand what is happening in key segments and with key players in retail technology. This report examines the artificial intelligence (AI) for optimization segment and uses our Coresight Matrix to evaluate leaders and emerging players.

In particular, we look at how machine learning-powered AI can help with:

  • Pricing: Optimizing pricing and discounting to bolster revenues, margins and profitability.
  • Inventory: Optimizing inventory to have the correct amount and value of inventory to avoid margin-depleting markdowns and to free up cash.
  • Assortment: Optimizing assortment enhances profitability, avoids markdowns and excess inventory.
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Reasons to Read

India’s retail sector has been growing in leaps and bounds, but online is still much less mature than in Western markets or even China—but it is growing by double-digits and is expected to be worth $200 billion by 2027.

This report compares India online market leaders Amazon and Flipkart, specifically:

  • How Flipkart lost its seven-year lead on Amazon, and what it’s doing to catch up again.
  • How Flipkart’s Walmart acquisition bolstered its market position.
  • How India’s ubiquitous kiranas, mom and pop stores, are supporting online retail.
  • Upstarts that may challenge the existing duopoly.

View an infographic summary of these findings here.

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Reasons to Read

We assess the competition between two major players in the e-commerce sector in India. This infographic outlines key comparative data between Amazon India and Flipkart. Click here to read the full report.

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Reasons to Read

Activism is taking hold in the beauty sector as retailers and brands take a stance on environmental and social issues. In this report, we discuss how social activism is becoming the next big movement the beauty industry, offering brands the opportunity to differentiate themselves in a crowded market.

We consider the four key benefits of beauty activism for both consumers and brands, and provide examples of initiatives that have been implemented by global industry players such as L’Oréal, LMVH and The Body Shop.

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Reasons to Read

This retail-tech landscape lists selected companies that offer solutions for the transformation of physical stores through technologies such as artificial intelligence, machine learning and computer vision. We feature start-ups in addition to a few established companies that are disrupting the current landscape.

The landscape covers the following categories:

  • Electronic Shelf Labels
  • Digital Displays
  • Shopping Experience
  • In-Store Shopper Data and Analytics
  • Payments and Checkout
  • Shelf Monitoring and Inventory Management
  • Indoor Mapping
  • Proximity Marketing
  • Employee Tools

To view more of our Retail-Tech Landscapes spotlighting innovators that are disrupting the retail industry, click here.

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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.

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

  • How the extended deadline will affect filings and refunds.
  • The impact of coronavirus on IRS operations.
  • The current status of returns filed, processed and refunds issued.
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Reasons to Read

We discuss the opportunity that the esports industry presents for brands and retailers to extend their reach to targeted consumers, particularly in China and the US.

This report covers the following content:

  • An overview of global esports viewership, considering participation amidst the coronavirus disruption
  • Esports games with the highest viewership
  • Partnership opportunities with selected top games, namely League of Legends, Dota 2 and Fortnite
  • Examples of brands that are already leveraging gaming, including luxury brand Louis Vuitton, car manufacturer Kia and sportswear brand Li Ning.
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Reasons to Read

In the context of the ongoing coronavirus pandemic, this report assesses the outlook for physical retail in the US over the remainder of 2020, including:

  • Year-to-date store closures, compared to data from 2019
  • Temporary store closures as a result of the coronavirus
  • The potential rise of bankruptcies across retail sectors
  • Implications of the pandemic for shopping malls

We also predict the total number of closures we expect to see in the US in the full-year 2020.

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

In this edition of Coresight Research’s biweekly New Retail Briefing we look at innovative approaches China’s retailers are taking as they emerge from the worst period of the coronavirus outbreak.

This report looks at:

  • Which tools developed during the height of the outbreak retailers continue to use even as life returns to normal.
  • Innovative solutions to coronavirus-related problems, such as clearing excess inventory.
  • Tactics to reengage consumers as physical retail reopens.
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Reasons to Read

This is the second report of a four-part series that explores the use of social media by US shoppers. Based on data from a Coresight Research proprietary survey, we discuss a number of key findings across the following topics:

  • How often consumers use social media to research, discover and buy products across multiple categories
  • The likelihood of shoppers abandoning purchases due to a lack of platform functionality
  • Social media shoppers’ monthly spending on discretionary purchases
  • The impact of influencers on US social media shoppers
  • The sharing of content by social media shoppers after they make a purchase

View an infographic summary of these findings here.

Click here to read about US consumers’ use of Instagram in the shopping journey

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Reasons to Read

We explore the results of a Coresight Research proprietary survey of US social media users. This infographic focuses on how social media impacts the shopping behavior .

Read the full report here.

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