One of the areas where CE Receipt data can be a valuable tool is in analyzing the performance of Home Furnishings companies. It proved predictive of RH’s Total North America Revenue last week, as it has a wide demographic sample that fully captures all payment types and includes email receipts across a variety of inboxes including Gmail. Meanwhile, the gap between CE Transact data and company-reported growth has historically experienced volatility, including a sharper-than-reported deceleration in growth from Q2 to Q3.
The top five BNPL (buy now, pay later) app downloads hit 6.8M downloads this past November, a 54% increase over last November, while MAUs have grown 63% YoY. The top five apps are Klarna, Afterpay, Affirm, Zip and Sezzle. There are other smaller players too such as Spotii and Four. Klarna is clearly the largest player in the space, with its market share of new users holding steady. Earlier this year, we interviewed Klarna’s CMO (David Sandstrom) after the company ran a commercial during the Super Bowl.
Movie theaters are back in business. But the influence of streaming isn’t going anywhere anytime soon. During the pandemic in 2020, streaming service subscriptions passed one billion worldwide for the first time. Those habits are hard to kick. As you can see in the chart, streaming in 2021 exceeded that of 2020 and continues to rise. With so much more screen time, which of the 5 top Netflix shows took the crown for the most-searched series from 2021? Using Similarweb Research Intelligence, we conducted keyword research to find out.
The workplace recovery, which suffered a brief setback in September as the fourth COVID wave swept through the United States, is continuing apace. October visits were down by 47.7% Yo2Y, and the November visit gap shrunk even further to 34.3% – a major leap given that the Yo2Y visit gap had been hovering at around 50% for the previous four months. The fact that office foot traffic bounced back so quickly after this fourth COVID wave indicates that Americans are ready to return to their workplace.
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.
Notable Hit 1: (THO:NYSE) On Wednesday December 8, 2021 Thor Industries, Inc. (THO) posted better-than-expected revenues of $3.96bn beating the consensus estimate of $3.48bn or by 13.8% and in the same direction as Advan's forecasted sales. The revenue was up 56% YoY - Advan's foot traffic data captured an increase in employee foot traffic of +39% YoY at its factories for Q3 2021. As a result of beating the sales and EPS, the stock opened at $107.92, up 1.4% from its previous day's closing price while hit a high of $110 (+3.4%) during the trading session.
In order to make workforce comparisons, we need to create categories of similar jobs and skills. It’s useful to know that “Lawyer” & “Attorney” are similar job titles and “SQL” & “Databases” are similar skills so that we can better categorize them. But what about understanding which jobs or skills are the most different from each other? Presumably, there would be some compensation benefits to one's job or skill uniqueness?
Used cars were flying off the lots this year—and in the face of surging prices. Used car prices are about 42% higher than they were in the first quarter of 2020. The price gap between new and used cars has shrunk rapidly since November of 2020, when the difference was 10.8%. This summer, on average, a gently-used vehicle cost only 3.1% less than its new counterpart. In some cases, available and in-demand used models went for more than their new counterparts.
As this year draws to a close, we dove into foot traffic trends for Nike, Under Armour, Athleta, and Lululemon to understand where the athletic apparel industry is headed. We have written about the current trend of digitally native DTC brands expanding into brick and mortar. But another, no less significant trend is underway – brands with extensive wholesale partnerships reducing the number of third-party distributors to focus on DTC brick and mortar and digital distribution channels.
Following a record-breaking year for eCommerce, retailers are itching to get consumers to shop more than ever ahead of the holiday sale season. With a looming supply chain crisis, brands like Walmart, Kohls, Snapfish and more, have gone full throttle, encouraging consumers to buy earlier than ever this year. Since mid-October, digital ads have been popping up in droves on social media and the internet with familiar shopping adrenaline-triggering words: “Black Friday, Cyber Monday, Christmas.” Every brand has to take a unique approach with its digital ads to cut through the holiday madness.
As we approach the end of the year, we’ll be covering trends from 22 key markets. We’ll recap what each industry has experienced over the past year and what to watch for in 2022. Learn who are the top advertisers from each category and how they spend across formats. Quick service restaurants (QSR) found themselves in a unique position during the pandemic. 65% of Americans were cooking at home more often, rather than eating out. But despite the increase of home cooking, digital orders, home delivery service, and drive-through services climbed.
As shoppers are gleefully returning to stores this holiday season, where is the biggest divergence between online and offline growth rates? In today’s Insight Flash, we examine these differences across top holiday industries and subindustries, as well as in the US vs. UK. In both the US and the UK, total spend growth is outpacing online spend growth across the top holiday industries. In the US, one interesting trend has been in Department Stores, where online growth started strong at the beginning of November but has decelerated dramatically at the end of the month.
Apptopia CEO Jonathan Kay recently gave a keynote speech at Airship’s Elevate conference, showcasing the need for brands to invest into their mobile apps due to consumers' shifting behavioral patterns. The below is an excerpt from that presentation. To watch the whole presentation, scroll to the bottom of this post. The Dunkin’ mobile app has been growing engagement since August, when it was announced the app was available via Apple CarPlay. Apptopia’s X-Ray dataset indicates it is the only top 36 quick-service restaurant app in the United States with this integration.
Throughout the COVID-19 pandemic, Shake Shack (NYSE: SHAK) has been revamping its omnichannel strategy. The fast casual burger chain has launched features such as curbside pickup and delivery through its own app to facilitate online ordering, and is looking to further expand its retail footprint in 2022 by opening drive-thrus and 50 new locations, primarily in suburban areas. Consumer transaction data shows that Shake Shack’s online sales as a percentage of total U.S. sales has been on the rise over the past two years.
As we approach the end of the year, we’ll be covering trends from 22 key markets. We’ll recap what each industry has experienced over the past year and what to watch for in 2022. Learn who are the top advertisers from each category and how they spend across formats. Home is where the heart is. And where you now spend most of your time. With so much time spent at home, Americans were more willing than ever to remodel their homes, invest in higher-end furniture and keep it clean.
The latest trend in the fashion industry is the rise of a handful of fast fashion brands targeted at Gen Z. Amongst these fast fashion companies, the one that has catapulted to cult status among young women across the globe is the Chinese retailer Shein, with a valuation of over $15 billion. Shein is one of the fastest – and most secretive – growing e-commerce companies in the world. Raking in close to $10 billion in 2020 (CB Insights), Shein has reportedly enjoyed eight consecutive years of over 100% revenue growth.
The Dodge Momentum Index fell 4% in November to 171.7 (2000=100) — down from the revised October reading of 178.1. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In November, commercial planning fell 8% while institutional planning moved 5% higher.
Yes, Black Friday marks the height of the holiday season – but the day itself can hardly be taken in isolation. For critical context, we took a look at the wider weekend to see how different the holiday season in 2021 has been. Looking at the Placer.ai Mall Index on Black Friday alone showed visits to indoor malls down just 8.5% compared to 2019, while visits were down 9.2% for outdoor malls. And while the visits marked a significant peak for malls and retailers, looking at the wider weekend metrics paints an even rosier picture.
As we approach the end of the year, we’ll be covering trends from 22 key markets. We’ll recap what each industry has experienced over the past year and what to watch for in 2022. Learn who are the top advertisers from each category and how they spend across formats. Casinos and sports betting had an incredible year. In the third quarter, casinos hit a new quarterly record in winnings—$14 billion. Now, they are on track to break the annual record of $43.65 billion, set in 2019.
Twitter CEO and co-founder, Jack Dorsey, announced on Monday that he is leaving the company. This will actually mark the second time Dorsey will step down from the post; after being named the social platform’s first CEO in 2007, he was ousted just a year later, only to return to the role in 2015. Dorsey’s latest departure will see Twitter’s current chief technology officer, Parag Agrawal, stepping into the role of CEO with Dorsey remaining on the board until his term expires in 2022.
