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The Coresight Research Retail 2024 series of reports looks ahead to the prospects for retail next year, exploring key trends by geography (namely, the US, the UK, China and India) and sector. We also discuss trends in healthcare and technology.

In this report, we present 10 trends in technology that are shaping US e-commerce in 2024 and provide our recommendations for retailers to respond to short-term consumer needs while securing longer-term success. The report aims to guide businesses in navigating the evolving e-commerce terrain for sustained success.

This report is made available to non-subscribers of Coresight Research through its sponsorship by Rithum.

Data in this research report include:

Proprietary survey data on brand advertisers’ retail media funding plans and the impact of sustainability on US consumers’ purchases
Global augmented reality (AR) and virtual reality (VR) market size, 2017–2027E
Estimated global last-mile delivery market for 2023, 2024 and 2027

Other relevant research:

Retail 2024 Sector Outlooks: Ebook
The updated Coresight Research CORE framework for generative AI in retail
All our coverage of generative AI in retail

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As part of our Retail 2024 series of outlook reports, our flagship annual report outlines five forces and five retail trends that Coresight Research expects to impact US retail throughout 2024, which we believe will be a year of transition for consumers and retailers alike. Additionally, we identify strategies for brands and retailers to best capitalize on the momentum from each force and trend.

The Coresight Research Retail 2024 series of reports looks ahead to the prospects for retail in 2024, exploring key trends by geography (namely, the US, the UK, China and India) and sector. We will also discuss trends in healthcare and technology.

Data in this research report include:

Proprietary survey data on US consumers’ inflation perceptions and shopping and sustainability preferences
Proprietary survey data on US consumers’ concerns around retail theft and theft ramifications
US fashion resale market: sales by distribution channel and year-over-year growth, 2018–2024E
US retail media advertising revenue, 2021–2023E
US Fed rate, 2018–2024E

Companies mentioned in this report include: Kohl’s, Lululemon Athletica, Macy’s, Michaels, NIKE, Shein, Walmart

Other relevant research:

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The Coresight Research 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 survey conducted on December 25, 2023.

Previously weekly, from 2024, the China Consumer Survey Insights series will be published monthly. Our next report in the series, bringing together insights from our January surveys, will publish in mid-February.

Data in this research report are:

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

Other relevant research:

Read the full series of China Consumer Survey Insights reports
Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar
Retail 2023: 10 Trends in China E-Commerce

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Using data from RetailNext, we analyze US retail traffic and in-store metrics in November 2023, in total and by sector, region and location type.

Data in this report include:

Year-over-year changes in US store-based traffic and sales for the past 13 months
Year-over-year changes in US store-based nonfood retail metrics for the past 13 months—including conversion, ATV, shopper yield and average unit retail
Year-over-year changes in US retail traffic for selected industry verticals, for the past 13 months

Other relevant research:

Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on China, the UK and 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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Each report in the Weinswig’s Weekly series reflects on a topical theme in retail. We also highlight our key research from the past week and upcoming reports to look out for, so you don’t miss out.

This week’s note, “From the Desk of Deborah Weinswig” (CEO and Founder of Coresight Research) looks ahead to CES 2024—from startup showcases to national pavilions like the Israeli Pavilion, and a variety of company meetings and social events, stay tuned for our coverage of the event.

Companies mentioned in this report include: Intel, L’Oréal, Walmart

Other relevant research:

CES 2024 Preview: AI Will Be Everywhere in Las Vegas
Read last week’s Weinswig’s Weekly, which explores New Year’s resolutions for retailers, and the opportunities and challenges in retailing in the year to come.

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

This week, we highlight US and UK store closures and openings; the outlook for the US mass merchandiser, warehouse club and discount store market; and US retail inventories.

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

Data in this research report include:

2024 week-by-week comparisons of announced store closures and openings in the US and the UK
2023 week-by-week comparisons of announced store closures and openings in the US and the UK
2024 major US and UK store closures and openings
2024 major US and UK retail bankruptcies
2023 major US and UK retail bankruptcies

Companies mentioned in this research report include: Rothy’s, Harbor Freight Tools, Frasers Group

Other relevant research:

Weekly US and UK Store Openings and Closures Tracker 2023, Week 52: US Store Openings Pass 5,500
The full collection of Weekly US and UK Store Openings and Closures Tracker reports
Complementing our weekly reports, the Coresight Research US and UK Store Tracker Databank is the definitive resource for information on store openings and closures by sector in the US and UK retail industries. For the US, the Databank includes store openings and closures from 2012 to 2024 year to date (YTD); for the UK, data span 2017 to 2024 YTD.

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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 the US mass merchandiser, warehouse club and discount store market.

Gain insights into emerging ideas and opportunities in the market, understand the growth trajectory of retailers’ revenues, and explore the competitive landscape. We also provide a sneak peek of the themes we are watching in the market, aligning with our RESET framework.

Look out for our full report next week to explore these topics in further detail and to discover key insights about market factors, consumer behavior and preferences (based on proprietary survey findings), the US macro context and more.

Data in this research report include:

The size and trajectory of the market, 2018–2027E
Major retailers’ revenues, 2018 vs. 2022

Companies mentioned in this report include: Big Lots, BJ’s Wholesale Club, Costco, Dollar General, Dollar Tree, Five Below, Ollie’s Bargain Outlet, Target, Walmart

Other relevant research:

US Mass Merchandisers, Warehouse Clubs and Discount Stores—Retail 2024 Sector Outlook: Slower Growth; Stronger Focus on Essentials
Ebook: Discount Decades
All coverage of mass merchandisers, warehouse clubs and discount stores
Market Navigator: US Retail and E-Commerce—Uncovering Opportunities in a Changing Landscape
More reports in the Coresight Research Market Navigator (and Market Outlook) series

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In our quarterly US Retail Inventory Insights reports (formerly US Retail Inventory Tracker), we analyze inventory trends among US retailers listed in the Coresight 100.

In this report, we look at the inventory levels of various retailers in the third quarter of 2023 (3Q23) and assess why levels may have changed from the year-ago period, across the following sectors: beauty retailers, department stores, discount stores, drugstore retailers, electronics retailers, food and grocery retailers, home and home-improvement retailers, jewelry retailers, luxury retailers, mass merchandisers, specialty retailers and warehouse clubs.

Data in this report include:

Inventory turnover ratios by quarter for the latest quarter and the prior eight quarters
Year-over-year changes in inventory values of covered US retailers for the latest quarter and the prior quarter

Companies mentioned in this report include: Bath & Body Works, Best Buy, Big Lots, Costco, Dollar General, Dollar Tree, Foot Locker, Home Depot, Kohl’s, Kroger, Macy’s, Nordstrom, Ross Stores, Tapestry, Target, Walgreens Boots Alliance, Walmart

Other relevant research:

Click here to read the previous report in the series, which looks at 2Q23.

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This comprehensive ebook brings together our Retail 2024 Sector Outlooks, presenting directional market insights and themes to watch across multiple retail sectors. We focus primarily on sectors in the US market—apparel and footwear; beauty; CPG; department stores; drugstores; grocery; home and home improvement; and mass merchandisers, warehouse clubs and discount stores—but we also discuss e-commerce in China and the US, as well as the global luxury market.

We also analyze the current state of the US economy, to give context to our insights by sector.

Data in this research report include:

US macro context—unemployment rate, real disposable income per capita, personal savings rate, home prices, gas prices, consumer spending growth
Sales growth projections by sector

Companies mentioned in this report include: Adidas, Albertsons, Alibaba, Amazon, Bath & Body Works, Kering, Big Lots, BJ’s Wholesale Club, Costco, Dollar General, Grocery Outlet, Home Depot, Kering, Kohl’s, Kroger, Lowe’s, LVMH, Macy’s, Nordstrom, Shein, Target, Temu, Ulta Beauty, Walmart

Other relevant research:

Click here to view our individual sector outlooks and discover more in-depth sector analysis in our Market Navigator
Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles.
Visit the Coresight Research Fashion and Luxury Hub to explore sector data, reports and company profiles.

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Reasons to Read

The Coresight Research weekly 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 survey conducted on December 18, 2023.

Data in this research report are:

Activities that consumers have done in the past two weeks
Avoidance of public places, by type of public place—latest data and one-and four-week PPT changes
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:

Read the full series of China Consumer Survey Insights reports
Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar
Retail 2023: 10 Trends in China E-Commerce

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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 December 26, 2023.

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

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
Consumers’ expectations for the economy overall and for their own personal financial situation
Avoidance of public places, by type of public place

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

Other relevant research:

Read the full series of US Consumer Survey Insights reports
The Coresight Research US Consumer Survey Databank provides additional insight into US consumer behaviors from our weekly surveys.

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CES 2024 will be held on January 9–12 in Las Vegas. Coresight Research previews our coverage of the event, and the topics we expect to dominate the conference, including artificial intelligence and tech’s proliferation into other sectors.

Data in this research report include:

Total US technology retail industry revenue, broken down into hardware and software/services, 2019–2024E
US electronics and appliance stores retail sales, January–November 2023
Recent announcements from major technology companies

Companies mentioned in this report are: Advanced Micro Devices, Inc., HP Inc., Intel Corporation, Microsoft Corporation, QUALCOMM Incorporated

Other relevant research:

CES 2023 Wrap-Up: Lots of Gadgets but Less Sizzle
The updated Coresight Research CORE framework for generative AI in retail
The Retail Buzz Around Generative AI—Infographic
All Coresight Research coverage of generative AI in retail

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Reasons to Read

This week’s note, “From the Desk of Deborah Weinswig,” explores New Year’s resolutions for retailers, and the opportunities and challenges in retailing in the year to come.

Other relevant research:

Stay tuned to the Retaili$tic podcast for weekly retail insights and inspiration.
Read previous Weinswig’s Weekly reports, including last week’s, which reflected on Coresight Research’s journey in 2023 and highlighted key industry insights and trends.

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