Reasons to Read

What are the critical challenges that retailers need to tackle in using AI (artificial intelligence) for price planning, and why is it so important they do so? Dive into our proprietary survey analysis on the use of AI in retail pricing strategies, as well as the investment landscape, to discover the answer.

This report enables retailers to get a step ahead in the AI space to effectively execute an optimal pricing strategy, and offers technology vendors insights into the key differentiators that retail companies seek in seeking AI pricing solutions.

This report is produced and made available to non-subscribers of Coresight Research in partnership with Competera, a pricing solution company that empowers retailers to set and maintain optimal pricing in retail time using AI.

Data in this research report include:

  • Estimated pricing optimization software market size, 2023 and 2028E
  • Proprietary survey findings—The importance of optimal pricing strategies in determining retailers’ business success; the adoption rate and benefits of AI-based pricing solutions; key challenges that retailers face when using such solutions; the extent of integration of pricing with other business functions; and retailer investment plans for AI in price planning
  • The current state of price planning on the pricing maturity curve

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Reasons to Read

Coresight Research is an official research partner of Shoptalk 2024, which will take place during March 17–20 in Las Vegas, Nevada. On March 17, 2024, the “Shark Reef” Startup Pitch competition will see 12 early-stage innovators compete to win the Judges’ Choice and Audience Choice awards.

Our Innovator Profile series gives you a sneak peek at the participating companies. In this report, we present aiphrodite.ai!

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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.

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 Research at Coresight Research, presents three keys to success in China retail, discussing the opportunities for brands and retailers to drive innovation and expand in the 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.

From the obesity economy to Dollar Tree store closures to China consumer survey insights, discover the key data points we are watching in week 11 of 2024.

Dive into the full research reports behind these data points:

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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: The Body Shop, Dollar Tree, Inc.

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How can retailers supercharge the customer experience? In this presentation, discover the uses cases of AI (artificial intelligence)—from design innovation to virtual try-on to frictionless checkout to warehouse automation and more—across multiple US retail sectors.

In addition, delve into the macroeconomic environment—including five headwinds and five tailwinds impacting US retailers—and our 2024 US retail outlook.

Finally, explore five trends in retail that will be critical in the year ahead, spanning resale, healthcare, pharmacy deserts and more!

This presentation was delivered by Deborah Weinswig, CEO and Founder of Coresight Research, at the Vision Monday Leadership Summit 2024 on March 13, 2024.

Data in this presentation include:

  • 2024 retail outlook—historical data and base forecast for real retail sales growth in the US
  • Size and growth trajectory of the US secondhand market
  • Proprietary survey findings—retailers’ use of AI-enabled content for personalization; US consumers’ engagement with livestreaming; popular retailers among US drugstore shoppers
  • Drugstore retail closures—2022, 2023 and 2024 (planned)

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Reasons to Read

Using data from the US Census Bureau, we analyze US retail sales in February 2024, in total and by sector.

Data in this research report are:

  • Year-over-year changes in US total retail sales (excluding gasoline and automobiles), February 2023–February 2024
  • Year-over-year changes in retail sales by sector, January and February 2024

Other relevant research:

  • Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators in the US.
  • Complementing our monthly reports, the Coresight Research US Retail Sales Databank brings together retail sales data to help you understand the scale and trajectory of US retail.
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Continuing our regular series on retail shrink and organized retail crime (ORC), we focus this month on developments from the US and the UK. We discuss recent legislative changes and proposals, reported metrics on the prevalence of retail crime, and news about loss-prevention technologies.

Plus, discover US consumer attitudes to theft and prevention measures in retail, as well as recent retailer commentary on shrink.

Data in this research report include:

  • Proprietary survey findings—The level of concern among US consumers about theft-driven store closures, price rises and law enforcement, as well as how consumers would respond to stores putting items under lock and key

Companies mentioned in this report include: Ahold Delhaize, Axis Communications, DIGIOP, Everon, Kroger, Loblaw, Omnilert, Ross Stores, Sprouts Farmers Market, Target, The TJX Companies, Vidizmo

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Reasons to Read

Worldwide, 1 billion people are now obese, according to a new study in medical journal The Lancet. We review the findings from that study and offer quantification of various aspects of the global “obesity economy.”

This report is part of our Data Dive series, in which each report offers an essential briefing on topical, need-to-know data.

Data in this research report include:

  • Selected findings from The Lancet study on changes in people being underweight and overweight between 1990 and 2022 in 200 countries/territories
  • Coresight Research estimates on the size and trajectory of the obesity economy—spending on obesity-related categories for 2023, 2024E, 2028E
  • Estimated worldwide excess calorie intake, 2023
  • Estimated worldwide wellness economy size and growth projections

Companies mentioned in this report include: Adidas, Amazon, Danone, General Mills, Glanbia, Kellanova, Novo Nordisk, Kohl’s, Macy’s, Marks & Spencer, Mondelez, Nestlé, PepsiCo, Shein, Target, Temu, The Coca-Cola Company, Walmart, WK Kellogg, WW International, Yum Brands

Other relevant research:

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Generative AI (artificial intelligence), also known as GenAI, rests on the shoulders of decades of AI research. Software developers and engineers have been busy developing applications to manage and control large language models (LLMs) so that more businesses and individuals can access the power and benefits of GenAI.

In this Retail-Tech Landscape, we discuss the need for GenAI applications and present selected technology providers globally, with innovative solutions spanning audio, code generation, productivity, video and more.

We focus solely on startups—privately held tech companies that were founded within the last 10 years.

Companies mentioned in this report include: 3DLOOK, AiXcoder, Beautiful.AI, BlendAI, DeepBrain AI, Digital Wave Technology, Glean, Grammarly, Infinity AI, Jasper AI, Noty.ai, Observe.AI, Obsess, Perplexity AI, Persado, Resemble AI, Speak Ai, Stockimg AI, Synthesia, Tabnine, Taskade, Tavus

Other relevant research:

  • Look out for our upcoming Retail-Tech Landscape of GenAI infrastructure solution providers, which will include large companies such as Amazon, Google, Microsoft and Salesforce.
  • More research on GenAI in retail
  • All our Retail-Tech Landscapes spotlighting innovators that are disrupting the retail industry
  • Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology.
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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 fourth-quarter 2023 earnings.

This week, there are highlights from companies that reported in the week ended March 10, 2024, across seven sectors: department stores, discount stores, e-commerce, food and grocery, 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: American Eagle Outfitters, Big Lots, BJ’s Warehouse Club, Burlington Stores, Foot Locker, JD.com, Kroger, Nordstrom, Ross Stores, Target

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What does Wave 3 of the AI (artificial intelligence) revolution hold? We present key insights from Salesforce’s TrailblazerDX 2024 conference, with a focus on next-generation AI. Read about the company’s new Einstein 1 Studio and Einstein Copilot solutions.

Companies mentioned in this report include: Salesforce, Microsoft, OpenAI, Snowflake

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Reasons to Read

Each Market Navigator report offers an in-depth, data-rich view of a retail, consumer or technology sector and is packed with data on sectors, segments, companies and consumers. Our analysts discuss at greater length the sector themes they are observing and the insights they are forming on their markets. We intend these definitive guides to serve as points of reference to those in the retail ecosystem, guiding readers’ strategic decision-making and assisting them in tapping opportunities and navigating disruption in retail and adjacent industries.

In this Market Navigator, Coresight Research explores the UK retail market, including e-commerce. Dive in today to gain insights into emerging ideas and opportunities, understand the growth trajectory of the market and explore the competitive landscape. You will discover key insights about market factors and themes, consumer behavior and preferences, the UK macro context and more. Key topics covered in this report include GenAI (generative artificial intelligence), the UK housing market, inflation, supply chains and Web3, among others.

Included with this Market Navigator

  • Grab quick access to charts, data points and conclusions in the presentation download
  • Access the data behind key charts and tables in the Excel download

Data in this research report include:

  • UK retail market size and year-over-year growth rates, 2019–2028E
  • Sales breakdowns by sector, 2018–2023
  • Online sales, year-over-year growth and e-commerce penetration rates, 2019–2028E
  • Revenues, operating margins and store portfolios of leading companies from across the UK retail market, 2018–2022
  • Survey data on where UK consumers are shopping

Companies mentioned in this report include: Aldi, Amazon, Asda, ASOS, Associated British Foods, B&M, Boohoo, Boots, Currys , eBay, Frasers, Harrods, H&M, JD Sports, John Lewis, J Sainsbury, Lidl, Marks & Spencer, Next, Shein, Selfridges, Tesco, TJX Companies, Wm Morrison Supermarkets

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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.

In this report, our latest findings are from a survey conducted on March 5, 2024.

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

  • What consumers have bought in-store and online in the last two weeks
  • Activities that consumers have done in the past two weeks
  • Where consumers have bought food and nonfood products from 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: Aldi, Amazon, Albertsons, Ahold Delhaize, Costco, Dollar General, Dollar Tree/Family Dollar, Kohl’s, Kroger, Macy’s, Target, Walmart

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Reasons to Read

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

In this research report, we present findings from our weekly surveys conducted on February 26, 19 and 5 and January 29, 2024.

Data in this research report are our proprietary survey findings for:

  • Activities that consumers have done in the past two weeks—latest data and one- and four-week PPT changes
  • Avoidance of public places, by type of public place
  • What products consumers have bought in-store and online in the last two weeks
  • Expectations for economic conditions and personal finances in the next 12 months

Other relevant research:

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