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Placer Bytes: Macy’s New Plan and Floor & Decor

Source: https://www.placer.ai/blog/placer-bytes-macys-new-plan-and-floor-decor/

Macy’s Rebound Brighter Than Expected

Admittedly, we have always taken a more bullish approach to Macy’s. The willingness to try new concepts and strategically deploy rightsizing efforts are elements that deserve recognition. But in light of the recent announcement of an expansion of Backstage “store-within-a-store” efforts, we felt it necessary to dive in once again.

Looking at Macy’s visits overall shows a clear recovery trend. Analyzing weekly visits compared to the equivalent weeks in 2019 (massive year-over-year growth only shows the depths of the closures as opposed to an actual recovery) demonstrates an obvious upward trend. Visits the week beginning April 5th were down just 22.2%, the best result since the start of the year. And attempts to tap into the value of off-price make sense not just as a standalone effort, but as part of a wider and more strategic approach to leverage different assets to create a tide that lifts all Macy’s boats.

Considering the continued weight and reach of traditional Macy’s locations, the push to enhance this channel with an off-price element appears a winning approach.

Floor & Decor on Pace for Even More in 2021?

Floor & Decor has been one of the clear and obvious retail winners over the last year, but the coming year could potentially be even better. Looking at weekly visits compared to the equivalent weeks in 2019 shows consistent and ongoing growth. Impressively, even though traffic has been up consistently throughout recent months, with the wider retail reopening visits were up 41.8% the week of April 5th compared to the equivalent week in 2019.

And this isn’t the only indication that more upside might be on the horizon. While visits have been up, looking at monthly visits month over month shows that they are trending upwards into a potentially significant Q2 period. After traffic saw consistent growth throughout the spring and early summer, visits took a step back in the winter as COVID surged throughout the country. Yet, since that point visits have been on the rise again month-over-month with February only seeing a 9% decline in January even with fewer overall days and severe weather hitting key states hard. With March showing a 26.5% increase over February and early April maintaining that trend of growth, it is hard to see a spring revival season that normally benefits the home improvement and home goods sectors not driving even more value for Floor & Decor.

To learn more about the data behind this article and what Placer has to offer, visit https://www.placer.ai/.

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ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.