Earnest Analytics

“Nothing materially changed from an import perspective for Temu and SHEIN during February, and yet customers made fewer transactions during that period. The later recovery suggests this pullback could have been more news-driven than fundamentals-driven.” —Earnest's Michael Maloof spoke to Business Insider on the impact of recent tariffs and de minimis changes: https://lnkd.in/epYsFvwr

🚗 Carvana sold around 42,740 cars in February, a 65.1% YoY increase, according to Earnest Auto Sellers web data. In comparison, competitors Lithia (new to Earnest Auto Sellers coverage) and Carmax grew their sales 13.4% YoY and -5.7% YoY, respectively. Full report > https://lnkd.in/gSKQ-f_3

Counting down the days until Shoptalk 2025 in Mandalay Bay, Vegas! Reach out to schedule time with the Earnest team.

Tariffs and #deminimis exception changes have not ~actually~ targeted SHEIN or Temu yet. But the news alone may have dissuaded customers from spending anyway. Shein's US active customer growth between weeks ended February 1st and February 15th fell from 25.1% YoY to 9.4% YoY. Temu customers using the platform worsened from -3.1% YoY to -9.0% YoY during the same period. To reiterate, the de minimis exception is still in effect. Shein and Temu have yet to be impacted directly by new #tariffs. But uncertainty in trade policy could be dissuading customers anyway. Read more> https://lnkd.in/eMhDGDW4

"A report from Earnest Analytics last year also found that On and its newer fellows, including Vuori and Alo Yoga, were taking share from each other in addition to larger competitors like Nike," reports Retail Dive: https://lnkd.in/e5AWETZB

A US federal judge has barred companies from producing generic copies of popular weight loss drugs Zepbound and Mounjaro. The ruling will likely impact telehealth brands like hims & hers and Ro, who so far have seen accelerated sales growth thanks to the launch of their respective compounded GLP-1 offerings. https://lnkd.in/ex7KJBbA

In this period of sweeping #tariffs and other #macro changes, it's easy to forget that stocks are still moving on their fundamentals. Starbucks (SBUX) stock is down over 3% on the day (March 6) as news that its turnaround is stalling ☕ . SPY is down 1%. Earnest Analytics data shows that Starbucks continues to lose share of wallet to competitors. More concerningly, reloads onto the venerated #Starbuckscard, a measure of spending by its most loyal customers, remain below year ago levels. 💳 Read more>https://lnkd.in/ey9vMB9G

What were the results of the Feb 28 Economic Blackout? Here's what the data shows: https://lnkd.in/djEgiK8d

#Peloton (PTON) is the undisputed leader in At-Home Fitness spending, commanding an increasing lead in a shrinking market. The company maintained its 51% market share in 2024, up from 49% two years prior. Read more: https://lnkd.in/esewbZN8

"Compared to last year, egg prices increased by 28%, averaging $6.30 a dozen, as per Earnest Analytics," writes Global Brands Magazine. Here's how customers are adjusting: https://lnkd.in/gc6BDf5x