DoorDash’s recent IPO made a big splash as the stock shot up on the first day. But is the company positioned for success? In today’s post, we examine several key components of DoorDash’s performance, which may provide insights for competitors and potential restaurant partners, but also any business thinking about expanding its delivery offering amidst the recent e-commerce boom.
As expected, U.S. consumers migrated to online retail in the face of COVID-19 for their holiday shopping this year. Overall, visitation to retail websites during the week of Thanksgiving (Monday, Nov. 23 through Sunday, Nov. 29) was up 22 percent vs. the same week in 2019.
Shares in Lululemon have surged 57% year-to-date. That’s versus 14% for the S&P 500. Ahead of the Lululemon earnings call the big question for investors is: is there more room left to run? Here we explore LULU’s key digital trends to gain insight into its online health.
Amazon (30%), Walmart (24%) and Target (21%) also increased their year-over-year sales during this period. Online spend at department store Black Friday to Cyber Monday sales across Nordstrom, Macy’s, Kohl’s, and JCPenney combined fell 5% this year compared to last year. Due to the ongoing pandemic, the 2020 holiday shopping season has been unique.
The restaurant industry’s sales stumbled again in November as the number of COVID cases rose rapidly and colder weather started to become an obstacle for outdoor dining in many areas of the country. Same-store sales growth was -10.3%, which represented a 3.8 percentage point drop from October’s year over year sales growth rate. November’s -16.3% same-store traffic fell by 3.3 percentage points compared to the previous month’s performance.
December 11, 2020
/
Business
Mall Update
Analyzing Black Friday data shows that a resurgence of COVID cases has clearly affected the wider retail economy. Whether it be a typical indoor mall, or outlet center, and whether the location be in New York or California, every type and every region has been affected.
Similar to categories like toilet paper, there have been meat shortages across the U.S. in the COVID-19 era. In response, many Americans turned to DTC meat companies, which experienced strong sales increases early in the pandemic.
ECommerce was already on the rise before 2020, but the boom has accelerated given consumer hesitance around shopping in brick and mortar locations during the pandemic. This year, home electronics has been the most popular category for eCommerce spending among Americans, so let’s take a closer look at how electronics giant Apple has been promoting its newest products—the iPhone 12 Mini and Max, iPad, Apple Watch and MacBook Air.
On December 5th - 6th, Netflix gave all of India a free trial called it “StreamFest.” The company ended up extending the offer another two days but we can already tell people have definitely taken advantage! StreamFest enabled the Netflix mobile app to hit its lifetime high in terms of daily global and Indian downloads with 1.3M and 800k, respectively.
After months of travel restrictions and lockdown, there is some hope on the horizon for hotel chains such Hilton. Foot traffic is a very accurate measure of performance for hotels, as well as for cash-heavy businesses such as casinos.
At a time when health and disease are at the forefront of news reports and have taken over most people’s daily lives, it is almost counterintuitive the extent to which there are reports of people letting their health suffer because they are afraid to see an in-person doctor. Enter the telehealth sector, already experiencing strong growth pre-pandemic, with COVID-19 allowing it to maintain that strength.
In this Placer Bytes, we dive into two retail giants from vastly different sectors, wholesale club king Costco and athleisure leader Lululemon. Costco’s rebound should come as no surprise. Whether it be mission-driven shopping, economic uncertainty driving consumers to value, or the ability to stock-up ahead of potential closures, there are few trends that don’t align for the wholesale club giant.
Food delivery giant DoorDash plans to list on the NYSE under the ticker ‘DASH’ on December 8, 2020. The company is hoping to raise up to $3.14B from the event, up from $2.8B previously. That would give it a value of $35B on a fully diluted basis
HBO Max is now the fastest growing major streaming video service in the United States. Since its launch week in May, it has grown daily active users 242%. Three days after Max’s debut, the app hit a lifetime high for daily downloads with 225k.
Black Friday is historically the most popular holiday shopping day in the United States. As Thanksgiving ends and retailers offer special discounts, millions of shoppers flock to stores to get a jumpstart shopping for gifts.
In this Placer Bytes, we dive into Simon’s new return policy, GameStop’s turnaround potential, Walmart’s signs ahead of the holidays, and Ollie’s strong position. Simon recently announced a new return concept that could help provide even more reasons to visit their centers.
This year, we’re bringing in the end of the year with a series: 12 Days ‘til New Years. We’ll continue our tradition of highlighting the most notable brands and spending across ad tech platforms, consumer media, and B2B industries. With winter holidays on the horizon, there’s one event that everyone’s looking forward to: New Years Day and the end of 2020.
Black Friday and (the newer) Cyber Monday experience have become as synonymous with the Thanksgiving holiday as turkey, stuffing, and a Detroit Lions loss. However, like most things in 2020 (except the Lions losing), Black Friday and Cyber Monday felt different.
Most people predicted that online dating would take a hit from the pandemic. And at first, they were right. The dating app market took a nose dive in March by almost all metrics. Daily downloads of the top 20 dating apps in the U.S. hit their lowest point mid-April, just breaking 150K (between all of 'em).
A trend the data experts at ForwardKeys have observed over the past months in Europe, Asia and now in the Americas is the trend to book tickets last minute. Gone are the days of advance planning as travel restrictions and bans see countries opening and closing their borders at short notice; flights get cancelled more often and safety protocols vary from place to place.
