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Peloton is trying to eat Lululemon’s lunch, or protein-enhanced kale meal replacement smoothie, as the case may be. The high-end athletic apparel retailer filed suit against Peloton in late November, stating the fitness company’s designs for their new line of leggings and sports bras constitute patent infringement. Filed in the U.S. District Court for the Central District of California, the lawsuit finds Lululemon seeking an injunction against Peloton, in addition to a jury trial, damages and other monetary relief.

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Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

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March 30, 2023 / Business

Wegovy is Back on Shelves, Picking up Ozempic’s Momentum in Obesity

From Earnest Research
The total number of claims among the entire GLP-1 class of diabetes and obesity drugs grew rapidly in the past four years according to Earnest claims data; growing 4x in the past four years with particular accelerated growth in the past several months. February 2023 alone saw growth of 78% YoY, up from \~50% YoY in 2022 and \~30% YoY in 2021. As a sign of continued growth, new-to-brand prescriptions accelerated in 2H22, and now constitute 16% of prescription claims, up from a relatively steady \~10% in the past.
March 29, 2023 / Business

Department Store Deep-Dive: Belk

From Placer
We last checked in on the department store space through the lens of luxury leader Nordstrom. In this department store deep dive we took an in-depth look at Belk – a mid-tier chain based in North Carolina – which recently launched its first two Belk Outlet stores. Following the lead of other department stores, the new format signals Belk’s foray into the growing off-price market.
March 28, 2023 / Business

Regional Grocery Chains Staying Ahead of the Competition

From Placer
Our latest white paper – 10 Regional Powerhouses to Watch: Top Brands Dominating Local Markets – examines companies across five different retail and retail service categories that are highly successful in their region. Some have expanded – or are planning to expand – into new markets, while others are choosing to focus solely on their current region. But although the different businesses have different approaches to expansion, all these companies have established a strong foothold in their respective markets and are well-positioned for future growth.
March 28, 2023 / Business

Revisiting the Impact of COVID on Downtown & Suburban Regions

From PlaceIQ
As 2022 wound down, we at PlaceIQ took one last look at our Reemergence Dataset: the year-over-year index we built to power our Social Distance Tracker. The Reemergence Dataset compared a panel of foot traffic against 2019, our pre-pandemic benchmark. Throughout our analysis, we’ve spotted many hidden trends. From selective returns of consumer demand to changing dining preferences. From the quirks with the return to campuses to shopping while distancing. Before we filed the Reemergence Dataset into cold storage, we had a lingering question regarding the recovery of urban and suburban areas.
March 27, 2023 / Business

Advan Notable Hits: NIKE, Inc. (NKE), Darden Restaurants, Inc. (DRI) & Shoe Carnival, Inc. (SCVL)

From Advan
Notable Hit 1: (NKE:NYSE) On Tuesday March 21, 2023 NIKE, Inc. (NKE) posted revenues of $12.39 bn, surpassing the consensus estimates by +8.3% and in the same direction as Advan's forecasted sales. The revenue increased 14% YoY - in line with Advan's foot traffic data increase of 10% YoY at its stores for Q4 2022. Advan's footfall data has a correlation of 0.94 on a YoY basis with NKE's top-line revenue over the last 16 quarters.
March 24, 2023 / Business

Five Chains that Rightsized for Success

From Placer
The past few years have thrown plenty of curveballs at brick-and-mortar retail – and in 2020, headlines announcing store closings and proclaiming an imminent “retail apocalypse” seemed to be everywhere. But while shuttering locations can signal retail decline, rightsizing – taking proactive steps to match a company’s store configuration to actual market conditions – can also be a chain’s first step in regrouping to overcome unexpected hurdles. Retailers that prove themselves capable of reacting nimbly to a changing environment will ultimately be better positioned to thrive over the long haul.
March 23, 2023 / Business

As shoe retailers kick off new growth strategies, transaction data projected earnings surprises for Foot Locker and Nike

From Second Measure
On March 20, 2023, Foot Locker Inc (NYSE: FL) reported fourth quarter revenue that exceeded investors’ expectations and remained relatively consistent compared to the year before. The day after Foot Locker’s earnings call, Nike Inc (NYSE: NKE) also announced an earnings surprise for its third fiscal quarter of 2023. Bloomberg Second Measure’s transaction data correctly projected the earnings surprises for both Foot Locker and Nike within one percent of reported revenue, beating mean consensus estimates.
March 23, 2023 / Business

What India's ban of TikTok could tell us about the U.S. social media market

From Apptopia
TikTok, the most popular social media app for Gen Z, could be facing a ban in the United States based on fears (maybe facts, not sure) that China is using the app to gain information on US citizens. Another country who is at odds with China, has already banned more than 250 apps originating from the country. TikTok is one of those, and on June 30, 2020, it was suddenly nowhere to be found on the app stores in India. The fallout in the country's social media landscape could have insights into what might play out in the US.
March 22, 2023 / Business

Dining Out With Darden

From Placer
Darden Restaurants is one of the world’s largest restaurant groups. The company owns nearly 2,000 restaurants, from its higher-end concepts such as Eddie V’s and The Capital Grille to its more casual dining options, which include Olive Garden and LongHorn Steakhouse. With restaurants across the country continuing to feel the inflationary pressures, how is the brand faring? We take a closer look.
March 22, 2023 / Business

How ESPN Capitalizes on March Madness Fever

From Pathmatics
March Madness is here and millions of viewers will be tuning into this year's NCAA Basketball tournament to cheer on their favorite team, or live out the heartbreak of an upset. And while many die-hard fans will be glued to their monitors, this tourney offers non-sports addicts the opportunity to flex their luck by participating in bracket pools with their friends and colleagues.
March 21, 2023 / Business

What’s in Store for Self-Storage?

From Placer
In recent years, demand for self-storage facilities has grown relative to the pre-pandemic era. For many consumers at the onset of the pandemic, the prospect of spending more time at home induced a decluttering spree that necessitated extra storage. At the same time, many Americans relocated and businesses re-evaluated their office needs – transitions that often required storage space.
March 20, 2023 / Business

Advan Notable Hits: Five Below, Inc. (FIVE) & Signet Jewelers Limited (SIG)

From Advan
Notable Hit 1: (FIVE:NASDAQ) On Wednesday March 15, 2023 Five Below, Inc. (FIVE) posted revenues of $1.12 bn, surpassing the consensus estimates by +1% and in the same direction as Advan's forecasted sales. The revenue increased 12.7% YoY - in line with Advan's foot traffic data increase of 14.5% YoY at its stores for Q4 2022. Advan's footfall data has a correlation of 0.82 on a YoY basis with FIVE's top-line revenue over the last 15 quarters.
March 17, 2023 / Business

Nike + lululemon Update: Strong Performance Amid Expansion Plans

From Placer
The retail landscape continues to shift, and companies are adapting to meet changing consumer demands and preferences. To better understand current trends, we analyzed location intelligence metrics for two brands successfully navigating tricky economic waters: Nike and lululemon. With interest in fitness and sporting goods still strong, both companies are focusing on new growth opportunities and continuing to expand their brick-and-mortar presence despite the ongoing headwinds.
March 17, 2023 / Business

Temu hits 50 million installs, but does it matter?

From Apptopia
Temu, the ecommerce company owned by Pinduoduo, has had its mobile app installed by 50 million people since it launched in September 2022. Even with its late 2022 launch, it managed to become the 8th most downloaded shopping app in the United States last year. Both SHEIN and Wish took about 3 years to cross 50 million installs whereas it's taken Temu about seven months.
March 16, 2023 / Business

Many Ways to Win: Midwest Grocery Deep Dive

From Placer
2022 saw continued foot traffic growth in the grocery category nationwide. And as rising food prices continue to weigh on the consumer, the grocery space remains top of mind for retailers and analysts with their finger on the pulse. Grocery is a regionally-focused retail category, meaning that leading brands tend to dominate specific geographic areas of the country. In this blog, we’ll dive into the leading grocery chains in the Midwest to take a closer look at the ways brands are driving foot traffic to their stores.
March 15, 2023 / Business

Which company is winning the restaurant food delivery war?

From Second Measure
When many Americans sheltered in their homes early in the coronavirus pandemic, meal delivery sales reached new heights. Consumer transaction data shows that in April 2020, combined sales for major meal delivery services grew 162 percent year-over-year and 59 percent compared to the previous month. Despite new macroeconomic challenges such as rising food prices, competition from dine-in restaurants, and increased fuel costs, the meal delivery industry as a whole is continuing to see some growth, though at much lower rates than those pandemic peaks.
March 15, 2023 / Business

Retail, Reinvented: The Rise of the Pop-Up Shop

From Placer
Pop-up shops are nothing new on the retail scene, with Japanese fashion house Comme de Garcons debuting the "guerrilla shop" back in 2004. Since then, more and more retailers have jumped on the pop-up train, seeing the format as a fast, affordable, and engaging way to promote their products. We take a closer look at a few different pop-up retail experiences to understand how brands can leverage this format to expand their reach and tap into new markets.
March 15, 2023 / Business

“GRAB”bing a Slice of Vietnam’s Pizza Delivery Scene

From Measureable AI
Pizza has always been one of the most popular fast food delivery options. After all, who has the willpower to refuse an alluring slice of pizza? Measurable AI is the largest e-receipt data provider for the emerging markets specializing in the digital economy. In light of Pi day yesterday (14th March), we take a look at our own “pie” data – i.e. pizza. In particular, we delve into the Vietnamese pizza delivery market as discerned from our 2H22 Grab dataset to see what insights can be unearthed. Some food for thought indeed.
March 15, 2023 / Business

Later, Shorter Visits Spell Trouble for Theaters

From Earnest Research
Customers are returning to major theater chains Cinemark, Regal, AMC, and Marcus, but they aren’t going at the same time as before the pandemic. Overall theater visits fell to nearly zero in the early months of Covid-19 in 2020. As theaters reopened in geographies with varying levels of restrictions and work-from-home adoption, the time of day people visited those theaters also changed.
March 14, 2023 / Business

Navigating a New Normal in Business Travel & Commutes

From Placer
Our latest white paper examines the ways in which business and travel have changed over the past few years. As the pandemic took hold and work-from-home mandates became widespread, business travel came to a halt and office blocks emptied out. After many stops and starts, COVID-19 surges, and inflationary pressures, how has traveler behavior shifted? This white paper digs into the foot traffic data to understand how business travel has changed following the events of the past few years. Read on for a taste of our findings.