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.

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.

This week, Anand Kumar, Associate Director of Retail Research, discusses e-commerce giant Amazon’s massive investment commitments in its AWS European Sovereign Cloud.

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Reasons to Read

The NextGen Commerce conference, hosted by Coresight Research in New York on June 26, 2024, brought together industry experts, retailers, brands and technology innovators to explore the future of retail.

This report, exclusively available to Coresight Research premium subscribers, provides key insights from the full event. Catch up on what you missed, or reflect on what you heard, by diving into our comprehensive coverage.

Explore shifting power dynamics, discover the new frontier in omnichannel retail, understand the AI (artificial intelligence) opportunity landscape, and reshape retail through sustainability. Be part of the technology-powered transformation of retail with Coresight Research!

Not a subscriber? Become one to access our exclusive insights! In the meantime, read our free event highlights here.

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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: Harbor Freight Tools, Lidl, Menards, Zara

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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 26 of 2024, with a focus on shopping festivals and holiday retail. Discover our projection for US holiday retail sales as well as insights on Amazon’s Prime Day and China’s 6.18 shopping festival.

Companies mentioned in this graphic include: Amazon, Douyin

Dive into the full research reports behind these data points:

  1. Amazon Prime Day 2024: Preview—Five Key Insights
  2. China’s 6.18 Shopping Festival 2024: Sales Model Shifts, Low-Price Strategies, New Brands and Livestreaming
  3. Holiday 2024: Early US Retail Outlook
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Reasons to Read

Our Market Navigator series offers in-depth, data-rich views of a retail, consumer or technology sector. This Research Preview provides an early look at our upcoming Market Navigator report on US apparel and footwear retailing.

Gain insights into emerging ideas and opportunities in the US apparel and footwear market, understand the competitive landscape, and explore survey data. We also provide a sneak peek of the themes we are watching in the market, aligning with our proprietary RESET framework.

Look out for our full report in two week to explore these topics in further detail and to discover key insights about market factors, the macro context and more.

Companies mentioned in this report include: Adidas, Amazon, Burlington Stores, Deckers Outdoor, Foot Locker, Lululemon Athletica, Macy’s, Nordstrom, Ralph Lauren, Ross Stores, Target, Urban Outfitters, Walmart, Zalando

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Reasons to Read

Take an early look at the likely trajectory in retail demand for the 2024 holiday season! We present our retail sales growth projections and discuss consumer sentiment, inflation, the holiday calendar and more.

Data in this research report include:

  • Year-over-year change in total US retail sales—actual and projected, May 2023–May 2025
  • Proprietary survey findings—US consumers’ spending expectations and actual behavior for the holiday season, 2023 vs. 2024; expectations for their personal financial situation and the economy; changes in shopping habits in response to inflation
  • Latest metrics for leading indicators of US retail sales—including unemployment rate, wages and consumer sentiment
  • US CPI, October 2023–May 2024
  • November and December 2024 calendars
  • Seasonal weather forecast

Companies mentioned in this report include: Amazon, Burlington Stores, Kohl’s, Macy’s, Shein, Target, Temu, The TJX Companies, Walmart

Other relevant research:

  • All Coresight Research coverage of US holiday retail
  • Our full series of US Consumer Tracker and US Consumer Tracker Extra survey reports
  • Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators in the US.
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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 June 17, 2024, survey), we present new data on the home and home-improvement retail sectors specifically, diving into where home-furnishing and home-improvement/DIY shoppers make purchases and what they buy.

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

  • Whether consumers have purchased home-furnishing or home-improvement products in the past three months
  • Popular retailers and product categories among home and home-improvement 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: Amazon, Bed Bath & Beyond, Costco, Home Depot, Lowe’s, Target, Walmart

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Reasons to Read

Amazon’s Prime Day shopping event will be held on July 16–17 this year in major countries where Prime services are available (except India).

We present five key insights into Prime Day 2024 ahead of the event.

Data in this research report include:

  • A comparison of Prime Day metrics over the past three years
  • Proprietary US consumer survey findings—expectations to browse/spend on Prime Day promotions, categories that Prime Day shoppers will shop, the impacts of the back-to-school season, Prime membership rates

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Reasons to Read

On June 18, 2024, Competera hosted Coresight Research for a webinar on the future of pricing in retail. Competera is a pricing solution company that empowers retailers to set and maintain optimal pricing in retail time using AI (artificial intelligence).

A Coresight Research survey found that, on average, 52% of retailers cannot execute at least 10% of their promotional campaigns properly, and retailers misprice 10% of their products in any given selling period. This presentation delves into the problem of ineffective pricing and promotion planning, leveraging our proprietary survey findings, and explores the importance and benefits of an optimal pricing strategy.

From the reality of AI (artificial intelligence)-driven pricing to the benefits of its adoption, discover how to transform your price planning operations with advanced technology!

Featured speakers during the webinar:

  • Alex Galkin, CEO & Co-Founder at Competera
  • Steven Winnick, Vice President of Innovator Services at Coresight Research
  • Manik Bhatia, Head of Custom Research at Coresight Research

Don’t miss out! Read the full presentation below.

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Reasons to Read

The 6.18 shopping festival is the second largest annual online shopping festival in China. We take a look at Chinese consumer spending and trends during the 2024 event, including sales model shifts, low-price strategies, new brands and livestreaming.

Data in this research report include:

  • Timing of the 6.18 shopping festival, by platform
  • Reported 6.18 performance data from Tmall and JD.com
  • Year-over-year growth in sales and daily active users on major platforms during the first phase of the 6.18 shopping festival 2024

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

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Reasons to Read

First-party data (data collected directly from customers or users by a company or organization) present huge opportunities for US brands and retailers to enhance customer satisfaction, boost loyalty and drive revenue growth.

In this report, we delve into the ways in which first-party data can maximize the sustainable growth and long-term success of retail businesses.

Gain a strategic advantage in today’s hypercompetitive market landscape by understanding the power of first-party data and strategic partnerships with technology providers. From GenAI (generative artificial intelligence) to retail media to technology solutions such as CDPs (customer data platforms), explore the wide-ranging applications and business benefits of first-party data.

This report is produced and made available to non-subscribers of Coresight Research in partnership with Treasure Data, an AI (artificial intelligence)-powered customer data platform built for the world’s largest retailers and CPG companies.

Data in this research report include:

  • Global GenAI hardware and applications market size, 2024E–2028E
  • US retail media market size, 2022–2028E
  • B2B survey analysis—top-priority business aims, level of confidence regarding future customer loyalty, views on the skillsets of the C-suite
  • US consumer survey analysis—views on data privacy

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