Placer.ai’s Post

Introducing our new Placer 100 Index! A dynamic list of leading chains from superstores, grocery, dollar stores, dining, apparel, and more, aiming to provide insights into broader retail, dining, and shopping center trends. You can access this free tool via our website. Without further ado, let's dive into our first Index's key takeaways ↓ 💯 Over the past year, leading chains nationwide experienced consistently positive YoY visit growth, except in January 2024, when frosty weather kept consumers home. 💯 On a regional level, the Index performed well throughout the US, with May 2024 YoY visits up 5.4% in the Midwest, 5.2% in the South, 4.9% in the West, and 4.8% in the Northeast. 💯 Value ruled May 2024, with budget chains like Aldi, Dollar General, and Ollie's Bargain Outlet topping YoY visit rankings. Crunch Fitness and dining chains with special promotions also performed well. 💯 Chili’s Grill & Bar, riding the wave of its viral Burger Smasher promotion, emerged as May 2024’s top YoY foot traffic performer, on both a chain-wide and per-location basis. Check out the full analysis at: https://lnkd.in/eURwJqEP #retail #dining #grocery

Asian supermarkets are no longer just a niche, they’re a cultural sensation! 🎆 See how IT Retail supports Asian supermarkets with the tools they need to delight customers and stay competitive. https://hubs.la/Q02M50Sm0 #asiansupermarkets #asianmarkets #asiancooking #independentsupermarket #independentgrocery

Three retail & dining chains that may surprise in 2024 ↓ 1. Gap Inc., comprising iconic brands like Gap, Old Navy, Athleta, and Banana Republic, saw a significant improvement in Q4 2023 results, driven by strong performances from Gap and Old Navy. With strategic leadership changes, Gap appears poised for a promising 2024 as it continues its upward trajectory. 2. The Cheesecake Factory's foot traffic improved at the end of 2023, outpacing the wider restaurant industry in December. Despite a slight dip in January, February saw another rise. With expansion plans and moderate price increases, the chain aims to exceed its 2023 performance in 2024 if positive trends continue. 3. Despite economic challenges and increased competition, Petco is adapting by investing in its veterinary program and adjusting product selection. Recent foot traffic data indicates resilience, with growth in visits during key holiday months, suggesting ongoing consumer interest despite challenges. Full analysis linked below in the comments. #businessintelligence #retail #strategy

Everybody’s Gotta Eat: Retail Spending on Food Remains Strong • Quick-service restaurants and personal services are driving retail leasing. • The food and beverage segment accounted for a historic high of nearly 20% of all retail leasing over the past year. • While foodservice development is up 13.2% compared to last year, grocery construction is up 60%. • Foot traffic at grocers far outpaces that of restaurants, but spending on dining out has consistently topped grocery sales since early 2021. • Navigating changes in consumer spending and behavior can lead to alpha in a retail investment portfolio.

There are many similarities in the way organizations manage shrinkage across retail, restaurants, and grocery stores. Read the full article at https://hubs.la/Q02pW6X20

The latest insights on necessity-driven consumer spending and tight vacancy in retail subsectors. Discover how core retail sales dipped while dining out and grocery purchases surged, reflecting shifting consumer priorities. With lower-cost dining chains expanding and discount grocers gaining traction, the retail landscape is evolving. Don't miss out on valuable investment opportunities amid potential interest rate cuts and favorable market trends. Download now: https://bit.ly/48Arumg David Tabata Joel Deis Marcus & Millichap Marcus & Millichap Capital Corporation (MMCC) ICSC #retailmarket #cre #commercialrealestate #retail

Take a look at the key retail and restaurant 2023 takeaways from RSM - including investments in automation, scalability, and operational efficiency. https://lnkd.in/gWawxY57 #retail #restaurant #2023trends #scalability #operationalefficiency #energymanagement #sustainability #keepENTOUCH

The article "Grab and Go: 5 retailers making surprising investments in food-to-go" highlights how unexpected retailers are tapping into the growing £23.4bn food-to-go market, traditionally dominated by supermarkets and sandwich chains. Key examples include luxury department store Fortnum & Mason launching its first café counter for hot drinks and pastries, and health retailer Holland & Barrett introducing wellness-themed takeaway drinks. Additionally, Hotel Chocolat, WHSmith, and Ralph Lauren have expanded into the food-to-go space, offering various café and snack options to cater to evolving customer needs. I find this story is interesting because it shows how retailers typically not associated with food-to-go are adapting their offers based on consumer insights. By observing shifts in customer preferences, these brands are finding new revenue streams and opportunities to enhance the customer experience. This aligns with the type of insights that Retail Savvy helps clients to understand and act on—how adapting to changing consumer behaviours can lead to innovation and growth. Our research provides deep insights that help businesses establish what is most important to their customers. We help them make business-critical decisions based on sound customer insights. Welcome to Retail Savvy Research Consultancy, your go-to for retail, hospitality & leisure insights! We would love to talk to you. Why don't you drop us a line at simon@retail-savvy.com Please visit our website for more details about us and client testimonials at https://lnkd.in/dtd82GQ Or follow us on LinkedIn: https://lnkd.in/etXuWN48 #RetailSavvy #SavvyInsights #CustomerInsights #BusinessDecisions #Researchconsultancy #grabandgo #foodtogo

📈 Ahhh, Thursday. We're almost to the weekend folks. Wednesday saw minimal market fluctuations as investors geared up for more earnings reports. The NASDAQ edged up by 0.10%, the S&P 500 barely moved, finishing just 0.02% above the open, while the Dow Jones dipped slightly by 0.11%. 🌯 Chipotle Mexican Grill Inc. (CMG) raised its annual forecast, riding high on increased demand driven by limited-time promotions like chicken al pastor. The numbers speak volumes: -Revenue: $2.70B vs. $2.67B Expected -Earnings Per Share: $13.37 vs. $11.66 Expected -Same-store Sales Growth: 7% vs. 5.13% Expected What's fueling this success? High-priced limited-time offerings such as Braised Beef Barbacoa and Chicken al Pastor, despite challenging market conditions. Although foot traffic rose by 5.4%, the average spend per customer saw a modest 1.6% increase, slightly below the predicted 2.0% rise. 🚀 Chipotle's expansion plans are in full swing. In Q1 alone, they opened 47 new restaurants, with 43 featuring Chipotlane drive-thru concepts. Their vision for the year? Introduce between 285 and 315 new establishments, with over 80% embracing the drive-thru concept. They aim to hit a total of 7,000 restaurants across North America in the future, doubling the current count of 3,500. 🛒 In 2023, Kroger clinched the top spot in Houston's grocery wars, surpassing H-E-B and affiliates to become the supermarket with the largest market share in the Houston area, commanding 22.7%. Together, Kroger and H-E-B accounted for over 45% of the region's grocery industry last year. 📊 While Kroger took the market share crown, H-E-B stood out for exceptional average performance per store. Despite securing the second position in total market share, each of H-E-B's 76 Houston locations boasted an impressive average sales figure of $79.7 million, setting a remarkable standard in the industry. 🌮💼 #EdgarDailyMarketMusings #MarketRecap #ChipotleEarnings #RetailTrends 📈🛍️

📈 Ahhh, Thursday. We're almost to the weekend folks. Wednesday saw minimal market fluctuations as investors geared up for more earnings reports. The NASDAQ edged up by 0.10%, the S&P 500 barely moved, finishing just 0.02% above the open, while the Dow Jones dipped slightly by 0.11%. 🌯 Chipotle Mexican Grill Inc. (CMG) raised its annual forecast, riding high on increased demand driven by limited-time promotions like chicken al pastor. The numbers speak volumes: -Revenue: $2.70B vs. $2.67B Expected -Earnings Per Share: $13.37 vs. $11.66 Expected -Same-store Sales Growth: 7% vs. 5.13% Expected What's fueling this success? High-priced limited-time offerings such as Braised Beef Barbacoa and Chicken al Pastor, despite challenging market conditions. Although foot traffic rose by 5.4%, the average spend per customer saw a modest 1.6% increase, slightly below the predicted 2.0% rise. 🚀 Chipotle's expansion plans are in full swing. In Q1 alone, they opened 47 new restaurants, with 43 featuring Chipotlane drive-thru concepts. Their vision for the year? Introduce between 285 and 315 new establishments, with over 80% embracing the drive-thru concept. They aim to hit a total of 7,000 restaurants across North America in the future, doubling the current count of 3,500. 🛒 In 2023, Kroger clinched the top spot in Houston's grocery wars, surpassing H-E-B and affiliates to become the supermarket with the largest market share in the Houston area, commanding 22.7%. Together, Kroger and H-E-B accounted for over 45% of the region's grocery industry last year. 📊 While Kroger took the market share crown, H-E-B stood out for exceptional average performance per store. Despite securing the second position in total market share, each of H-E-B's 76 Houston locations boasted an impressive average sales figure of $79.7 million, setting a remarkable standard in the industry. 🌮💼 #EdgarDailyMarketMusings #MarketRecap #ChipotleEarnings #RetailTrends 📈🛍️