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 second-quarter 2024 earnings.

This week, there are highlights from companies that reported in the week ended July 28, 2024, across five sectors: apparel and footwear, consumer packaged goods, drugstores, food and grocery, and home and home improvement.

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: Albertsons, Kimberly-Clark Corporation, Kroger, Levi Strauss & Co, Skechers, Tractor Supply Company, Walgreens Boots Alliance

Other relevant research:

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Reasons to Read

Amazon’s Prime Day took place on July 16–17, 2024, in the US and many other countries.  How popular was the sales event, and what did shoppers buy? Dive into our US consumer survey data to discover the answers.

Data in this research report are proprietary US consumer survey findings on:

  • Expectations to browse/spend on Prime Day promotions versus actual behavior
  • Spending levels relative to Prime Day 2023
  • Product categories that Prime Day shoppers purchased
  • Whether Prime Day shoppers bought travel-related or back-to-school products

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 Mercer, Head of Global Research and Managing Director of Data-Driven Research, discusses the latest on US GDP, including a close look at select US consumer metrics from the second quarter of 2024.

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 reports on store closures, openings and bankruptcies.

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: Albertsons, Conn’s, Carpetright, Iceland

Other relevant research:

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Reasons to Read

Our Three Data Points We’re Watching This Week series spotlights key data points from this week’s research.

Discover data points we are watching in week 30 of 2024, with a focus on AI (artificial intelligence). From the impact of AI-based drug discovery to the estimated value of the global GenAI (generative AI) applications and hardware market by 2028, we offer key metrics from our research.

Dive into the full research reports behind these data points:

  1. The Coresight Research AI Risk-Mitigation Framework
  2. AI in Action: Redefining Drug Discovery
  3. Harnessing GenAI: Strategic Approaches To Combat Risk—Insights from The Lead Summit 2024
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Reasons to Read

Continuing our regular series on retail shrink and organized retail crime (ORC), we dive into recent developments on shrink from the UK and the US, as well as recent earnings commentary from major retailers in Canada and the US.

Data in this research report include:

  • Top five factors that negatively impacted US food retailers’ businesses in 2023
  • Total police-recorded shoplifting offenses and year-over-year changes in Scotland, 2015–2024

Companies mentioned in this report include: BJ’s Wholesale, Costco, Dicks Sporting Goods, Dollar General, Dollar Tree, Target, Tesco, Ulta Beauty, Walgreens, Walmart

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 July 18, 2024.

Data in this research report include:

  • Proprietary Coresight Research 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

Artificial intelligence (AI) and generative AI are transforming industries worldwide, and the healthcare sector is no exception. Discover the applications and benefits of AI in revolutionizing drug discovery, and notable technology providers in the space.

Companies mentioned in this report include: BenevolentAI, Exscientia, Insilico Medicine, Novo Nordisk, Pfizer, XtalPi

Other relevant research:

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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 (with the latest data from our July 15, 2024, survey), we present new data on the off-price and dollar-store retail sectors specifically, diving into where off-price and dollar-store shoppers make purchases and what they buy.

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

  • Whether consumers have purchased products at off-price retailers or dollar stores in the past three months
  • Popular retailers and product categories among off-price and dollar-store shoppers
  • Activities that consumers have done in the past two weeks
  • 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
  • Consumers’ expectations for the economy overall and for their own personal financial situation

Companies mentioned in this research report include: Dollar General, Dollar Tree, Macy’s, Nordstrom, Target, The TJX Companies, Walmart

Other relevant research:

Every 12 weeks, we survey consumers about each major retail sector, and we include that data in full in our US Consumer Survey Insights Databank. Look out for focused analysis on more retail sectors in future reports in our US Consumer Survey Insights report series.

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Reasons to Read

The healthcare industry in the US is increasingly utilizing emerging technologies to improve accessibility, consumer centricity, affordability and convenience—and we believe this transformation is only just beginning.

Building on our Market Navigator on the US healthcare market, we highlight players from across the health-tech space, delving into the advanced technologies they offer. We also examine how healthcare companies are deploying these technologies internally to reduce costs and increase efficiency.

Data in this research report include:

  • Personal healthcare spending in the US healthcare market, total and year-over-year change, 2019–2028E

Companies mentioned in this report include: Alphabet, Atman Health, IBM, Intel, Intuitive Surgical, Johnson & Johnson, McKesson, Nvidia, Oracle, Pfizer, UnitedHealth Group

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, Manik Bhatia, Head of Custom Research, discusses the role of data, physical stores and technology in the advancing retail media ecosystem.

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:

  • More research reports on retail media
  • Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology.
  • Read previous Analyst Corner reports, including last week’s, which discusses US consumers’ spending expectations for Amazon’s Prime Day and the Summer Olympics.

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Reasons to Read

How can you get ahead in the GenAI (generative artificial intelligence) era and deploy AI models safely and successfully?

Navigate risks and challenges in the deployment of AI, from data leaks to societal impacts, with the AI Risk-Mitigation Framework from Coresight Research. Understand the critical components that you need to incorporate into your AI strategy across the three major phases of AI implementation.

Other relevant research:

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Reasons to Read

We present our observations of Amazon’s Prime Day shopping event, held in the US and Western markets on July 16–17 this year. Discover insights related to travel, grocery and livestreaming, and see which US retailers are cutting into Amazon’s share of wallet.

Look out for our upcoming report covering US consumers’ actual participation in Prime Day 2024 and data on the event’s performance.

Other relevant research:

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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies.

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, New Balance, Stop & Shop, Sheetz, Whole Foods Market

Other relevant research:

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Reasons to Read

Our Three Data Points We’re Watching This Week series spotlights key data points from this week’s research.

Discover data points we are watching in week 29 of 2024. We offer key metrics from our US consumer surveys, covering GLP-1 drug use and the impacts of inflation, as well as highlights on US retail locations from the Economic Census.

Dive into the full research reports behind these data points:

  1. Decoding the GLP-1 Trend: How Is the Ozempic Economy Impacting CPG Retail?
  2. Responses to Inflation—Fewer Shoppers Are Buying Less: US Consumer Survey Insights
    • Read the full series of US Consumer Survey Insights and US Consumer Survey Insights Extra reports.
  3. Data Drop: US Retail—Number of Stores, Firms and Employees
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