Reasons to Read

Our weekly Earnings Insights reports feature highlights from recent management commentary from major US retailers within our Coresight 100 coverage list as they report third-quarter 2024 earnings. We also explore recent holiday-related commentary from these companies.

This week, there are highlights from companies that reported in the week ended November 24, 2024, across four sectors: home and home improvement, mass merchandisers, specialty apparel and warehouse clubs.

Data in this report are:

  • Quarterly data from companies, including gross margins and sales data by brand (where applicable), channel and geography

Companies mentioned in this report include: BJ’s Wholesale, Gap, Lowe’s, Target, The TJX Companies, Walmart, Williams-Sonoma

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Reasons to Read

The Coresight Research weekly US Consumer Survey Insights series takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data.

This week, in addition to our usual weekly findings on consumer sentiment, activities and shopping patterns, we dive into findings on holiday shopping specifically. Which retailers are popular, and what are holiday shoppers buying? Track US consumers’ shopping behavior through the holiday season in this report series.

The latest data in this report are from our survey conducted on November 18, 2024, with headline findings on the rising participation in holiday shopping and the popularity of decorations as a holiday category.

Data in this research report are our latest proprietary survey findings on:

  • Whether consumers have started their holiday shopping yet, and whether they have made any holiday purchases in the past seven days
  • Popular retailers and product categories among holiday shoppers
  • Consumers’ expectations for the economy overall and for their own personal financial situation—plus, breakdowns of our findings by income
  • Where consumers have bought food and nonfood products from in the last two weeks
  • What consumers have bought in-store and online in the last two weeks
  • Activities that consumers have done in the past two weeks

Companies mentioned in this research report include: Amazon, Target, Walmart

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Introduction

On Tuesday, December 3, 2024, in New York City, Coresight Research and Ken Pilot Ventures will co-host an exclusive, evening event, Legends of Commerce: Content & Cocktails. This in-person event will bring together top retail and technology leaders for rapid-fire panels, fascinating keynotes and unmissable networking.

Wrapped in festive spirit, this exciting event is designed to spark new ideas, foster meaningful connections and inspire innovation in an evolving industry.

Legends of Commerce is sponsored by leading companies Bynder, CI&T, Cimulate, Crave Retail, Digital Wave Technology, Knot Standard, Lily AI, RADAR, Raspberry AI, RevTech Ventures and Wunderkind.

Legends of Commerce—Event Preview: Coresight Research Insights

Legends of Commerce: Content & Cocktails promises insightful discussions on the transformative impact of AI (artificial intelligence), and the future of technology-powered retail.

Leading our incredible lineup of expert speakers are co-hosts Deborah Weinswig, CEO and Founder of Coresight Research, and Ken Pilot, CEO and Founder of Ken Pilot Ventures.

Co-hosts Weinswig (left) and Pilot (right)
Source: Coresight Research

 

By attending the conference, you will gain the opportunity to:

  • Understand how to leverage AI effectively to enhance consumer trust, drive meaningful engagement and boost efficiency without stretching your budget.
  • Explore the latest strategies and platforms that are transforming advertising in retail and facilitating deeper connections with consumers.
  • Learn how to improve the quality of your visuals and supercharge productivity with digital asset management (DAM) solutions and creations.
  • Explore how innovative technologies and strategies are redefining the in-store customer journey and driving operational excellence.
  • Discuss how key advancements such as GenAI (generative AI), predictive analytics and autonomous retail are reshaping how brands will connect with consumers in the year ahead.

Agenda Highlights

At Legends of Commerce, attendees will gain insights into the trends and technologies that are fueling market disruption and innovation, learning from the unique perspectives of leaders from across the commerce and technology ecosystems.

A highlight of the event will be two Barside Chats, featuring industry powerhouses:

  • Todd Snyder, Founder of Todd Snyder and Creative Director at Woolrich Black Label, who will share insights on “Investing in Innovation: Building a Brand for the Future of Retail.”
  • Joe Preston, President & CEO of New Balance, who will delve into “The Sole of Success: Driving Global Growth in a Competitive Industry.”
A collage of two people Description automatically generated
Featured speakers in the Barside Chats: Snyder (left) and Preston (right)
Source: Coresight Research

 

Other captivating sessions on critical topics in retail today will offer attendees the chance to:

  • Explore how retailers are implementing AI responsibly and understand ethical challenges and best practices in AI deployment.
  • Uncover what the future of shopping will look like by diving into the applications and benefits of AI in design and the customer experience.
  • Ideate around experiential store design, AI-driven personalization, omnichannel integration and more technology-driven strategies that are transforming physical retail spaces.
  • Focus on the future—learn what 2025 holds for growth, market leadership and a retail transformation driven by smart technology.

Esteemed speakers include senior executives from AmericoGroup, Bayer, Digital Wave Technology, Dogwood Brands, LifeStyles Healthcare, Performance Beauty Group, Tractor Supply Company and Wayfair.

Keep an eye on our event page for the upcoming full agenda.

Has this preview captured your attention and sparked your curiosity? RSVP today to secure your spot at Legends of Commerce: Content & Cocktails! Fill this form or email us at RSVP@stage.coresight.com.

Reasons to Read

We dive into trending, retail-related social media posts we have seen during the 2024 holiday season so far, offering insights into the creative marketing strategies employed by brands and retailers.

From influencers to gifting recommendations to shopping hauls, discover how brands can successfully capture shoppers’ attention and share of wallet through social commerce this season.

Companies mentioned in this report include: Adidas, Costco Wholesale, Facebook, Gucci, Instagram, Macy’s, NIKE, The North Face, Sephora, Shein, Skechers, Target, TikTok, Walmart

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Reasons to Read

Our Holiday Bites series for 2024 spotlights proprietary survey data and analysis for the end-of-year holiday season.

This series covers US consumer expectations for holiday spending, the shape and scale of demand, and trends in shopper behavior during the holidays.

In this graphic, we spotlight US consumers’ payment plans and preferences this holiday season, including their expectations to use credit.

Methodology: The data in this graphic are informed by an online survey of 2,001 US consumers aged 18+, conducted by Coresight Research in October 2024. At a total level, the results have a margin of error of +/- 2%, at a 95% confidence level.

Other relevant research:

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Reasons to Read

The monthly Coresight Research US Retail Sales Outlook series tracks several major macroeconomic indicators and their likely effect on US retail sales. In this report, we analyze the latest available data as of November 19, 2024.

Alongside this report, you can access the data behind key charts and tables in the Excel download above.

Data in this research report include:

  • Our projections for retail sales growth by month for the next 12 months
  • US actual retail sales versus model-predicted sales
  • US unemployment rate and labor force participation rate
  • US average hourly wages for all private-sector employees
  • US annualized real disposable income per capita

Other relevant research:

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Reasons to Read

Welcome to Analyst Corner! Every Sunday, a member of the Coresight Research team discusses upcoming or recent research and their thoughts on interesting topics in their area of expertise.

This week, John Harmon, Associate Director of Technology Research, discusses Nvidia’s dominance in the AI (artificial intelligence) chip market and the companies that are chasing a stake in the game.

We also highlight our key research from the past week and reports to look out for in the coming week, so you don’t miss out.

Other relevant research:

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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker series reports on store closures, openings and bankruptcies. This week, we highlight additional closures from Big Lots and detail other recent announcements from major retailers. Non-store-closure news includes the appointment of a new CEO at Citi Trends.

This report presents data up to week 47 of 2024, ended November 22, 2024.

Data in this research report include:

  • Week-by-week comparisons of announced store closures and openings in the US and the UK—2024 vs. 2023
  • Major US and UK store closures and openings, 2024
  • Major US and UK retail bankruptcies—2024 and 2023

Companies mentioned in this research report include: Amazon, Big Lots, Central Co-op, Sweaty Betty, WHSmith

Other relevant research:

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Reasons to Read

Building on the themes discussed in our Market Navigator on US healthcare, we explore the approaches that different countries—including China and India—are taking to enhance their healthcare systems and navigate the dynamic global healthcare market.

Data in this research report include:

  • Personal healthcare spending in the US, 2019–2028E
  • Per capita healthcare expenditure and life expectancy rates in countries including China, India, the US and the UK

Companies mentioned in this report include: Alibaba Group, Amazon, Cigna, CVS Health, Eli Lilly, JD.com, Novo Nordisk, Walgreens Boots Alliance

Other relevant research:

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Reasons to Read

As part of our coverage of the 2024 holiday season, Coresight Research examines the potential of Black Friday this year (November 29), including expected growth, proprietary survey data on consumers’ shopping intentions, and major retailers’ Black Friday plans and promotions.

Data in this research report include:

  • Proprietary survey data on consumers’ Black Friday shopping intensions
  • Black Friday retail sales and year-over-year changes, 2019–2024E
  • Black Friday’s share of November retail sales and total holiday retail sales, 2018–2024E

Companies mentioned in this report include: Amazon, Best Buy, Big Lots, Costco, The Home Depot, Kohl’s, Kroger, Macy’s, Target, Walmart

Other relevant research:

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Reasons to Read

Our weekly Earnings Insights reports feature highlights from recent management commentary from major US retailers within our Coresight 100 coverage list as they report third-quarter 2024 earnings. We also explore recent holiday-related commentary from these companies.

This week, there are highlights from companies that reported in the week ended November 17, 2024, across four sectors: e-commerce, food and grocery, home and home improvement, and luxury.

Data in this report are:

  • Quarterly data from companies, including gross margins and sales data by brand (where applicable), channel and geography

Companies mentioned in this report include: Alibaba, Capri Holdings, The Home Depot, JD.com, Weis Markets

Other relevant research:

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Reasons to Read

The Coresight Research and Circana monthly US CPG Sales Tracker provides our data-driven insights into online sales trends in the US CPG industry—covering the product categories of food & beverages, health & beauty, and general merchandise & homecare.

This report presents key insights for the four weeks ended November 3, 2024.

Data in this research report include:

  • CPG sales growth—e-commerce, in-store and in total
  • E-commerce and total CPG sales growth by category type
  • Food & beverages department breakdown by category: e-commerce and total sales growth
  • Nonfood department breakdowns by category: e-commerce and total sales growth

Other relevant research:

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Reasons to Read

This Insights Video is part of our Premium Subscriber Call series, which presents exclusive insights from our global team of analysts on hot topics and key trends in retail and related industries.

In this video, moderated by John Mercer, Head of Global Research and Managing Director of Data-Driven Research, analyst Charlie Poon discusses performance metrics and highlights from this year’s Singles’ Day shopping festival in China (also known as 11.11 or Double 11). Insights touch on e-commerce platform cooperation, government subsidies, livestreaming and more.

Data in this video include:

  • Singles’ Day GMV, in total and by platform type—2021–2024
  • Proprietary survey analysis—China-based consumers’ participation in Singles’ Day, popular product categories, reasons behind shopping behavior, perceptions of promotions
  • Sales results from Alibaba and JD.com
  • Insights by category—breakdown of sales share by platform, and top brands

Companies mentioned in this video include: Alibaba (Tmall/Taobao), Douyin, JD.com, Pinduoduo

Other relevant research:

  • Access the presentation used in this video here.
  • All Coresight Research coverage of Singles’ Day in 2024 and prior years
  • More reports on China retail
  • The China Retail Sales Databank brings together retail sales data to help you understand the trajectory of retail in China. This Databank is updated monthly.
  • For more exclusive insights from our expert analysts, look out for our next Premium Subscriber Call! Not a subscriber? Learn more about subscriptions here.
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Reasons to Read

Released on November 20, 2024, our Premium Subscriber Call on Singles’ Day 2024 presented exclusive insights from our expert analysts on performance metrics and highlights from the shopping festival in China (also known as 11.11 or Double 11).

Dive into our full presentation to discover insights on e-commerce platform cooperation, government subsidies, livestreaming and more. In addition, we analyze proprietary survey findings to assess consumer behavior during Singles’ Day.

Data in this presentation include:

  • Singles’ Day GMV, in total and by platform type—2021–2024
  • Proprietary survey analysis—China-based consumers’ participation in Singles’ Day, popular product categories, reasons behind shopping behavior, perceptions of promotions
  • Sales results from Alibaba and JD.com
  • Insights by category—breakdown of sales share by platform, and top brands

Methodology: The data in this presentation are informed by online surveys of China-based consumers aged 18+, conducted by Coresight Research. We surveyed 578 respondents on November 11, 2023, and 555 respondents on November 15–18, 2024. At a total level, the results have a margin of error of +/- 4%, at a 95% confidence level.

Companies mentioned in this presentation include: Alibaba (Tmall/Taobao), Douyin, JD.com, Pinduoduo

Other relevant research:

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