When many Americans sheltered in their homes early in the coronavirus pandemic, meal delivery sales reached new heights. Our data reveals that in September, sales for meal delivery services grew 125 percent year-over-year, collectively.
Globally, the top 10 Fast Fashion apps grew Q3 downloads 40% YoY. But what is Fast Fashion? Investopedia defines it as a term used by fashion retailers to describe inexpensive designs that move quickly from the catwalk to stores to meet new trends... it is not uncommon for fast-fashion retailers to introduce new products multiple times in a single week to stay on-trend. I will note that many people are against this industry as a whole for environmental concerns.
A Fall NBA, empty talk show audiences, and quarantined reality TV stars are a far cry from the normal fall television lineup. Thanks to the pandemic, however, that’s exactly what audiences are seeing. As TV content changed this year, so too did advertising. Though spending has increased since the height of the pandemic, it’s not quite back to normal.
Understanding the long term effects of two merging companies is complex. There are the melding of cultures, product lines, egos, and, not to mention, workforces. With all these complex variables, it’s no wonder so many mergers fail, and even more miraculous when some wildly succeed. So what makes a good or bad merger, and how can we predict them better?
Amazon Prime Day has become an annual summer event that helps boost online shopping at an otherwise slow time of year. The two-day celebration, which marks it’s five-year anniversary, has lifted not only Amazon, but created a “halo effect” on other retailers, which hold parallel events (e.g. Target’s Deal Days and Chewy’s Blue Box Sale). As a result of COVID-19, Amazon was forced to push Prime Day 2020 from July to October, a decision that led many to wonder if the event would carry the same impact.
In this Placer Bytes, we dive into Tractor Supply’s continued surge, analyze Chipotle’s Q3 and look into Albertsons impressive grocery performance. In a sector where giants like Home Depot and Lowe’s have dominated headlines, Tractor Supply has continued to perform well beyond expectations in its own right.
One of the trademarks of some hip new brands, including Away Travel and Everlane, has been an avoidance of the entrenched practice of marking items up just to mark them down, with many older brands known for having “sales” almost every other week. Yet, in the face of depressed shopping activity due to the COVID-19 pandemic, both brands launched uncharacteristic fixed price sales this past summer.
The past week, high-flying CDN-turned-edge-computing vendor Fastly announced that its 3Q'20 revenues would be 5% lower-than-expected due primarily to significantly lower than anticipated revenues from its largest customer, which it had previously disclosed as ByteDance, the operator of TikTok.
Best way to measure adoption is by looking at number of downloads. Downloads, or "new installs," equate to new users. This summer, Shopping apps were downloaded most in China, U.S., India, Brazil, Russia and the U.K. These countries, combined, make up 62% of global Shopping app downloads.
If this year has shown us anything, it’s that politics seems to be about EVERYTHING. From racial inequality to the coronavirus, healthcare, women’s rights, supreme court vacancies, or the economy, the upcoming election is one of the most important in modern history.
There’s no question that the retail sector has been hit hard this year. Foot traffic at Macy’s, which was already struggling prior to the pandemic, was down 64% last quarter compared to the same quarter in 2019. Like many of its peers, Macy’s has relied on its online business to bolster revenues during a period when many of its stores were closed.
Retail sales may be rising, even if the pace in August was lower than anticipated, but retailers themselves continue to struggle. The number of store closings in the US has remained higher than openings most weeks, bankruptcies are at a notable high and there’s potential for more in the months ahead, including many well-known brands.
In our latest whitepaper, we took a deep dive into grocery foot traffic data uncovering many of the fascinating shifts the industry has seen since the beginning of the pandemic in March 2020. To get a bird’s-eye-view of the broader grocery sector trends, we analyzed a sample group of over 15 leading grocers.
In 2019 there were 4.54 billion scheduled passengers worldwide. Analysts expected 2020 to set a new record of over 4.72 billion passengers, but instead, the coronavirus pandemic spread its tentacles across the globe, practically bringing international travel to a standstill.
Console gamers have not been sitting on the sidelines, patiently awaiting next generation Xbox and PlayStation systems to arrive. Envestnet | Yodlee COVID-19 Spending trends have shown that console spending has continued to maintain high levels throughout the pandemic.
The latest data from Real Capital Analytics shows that the European logistics sector continues to attract plenty of capital amid the myriad of uncertainties caused by the Covid-19 crisis. The flow of investment into logistics properties has buttressed the industrial sector overall and it is the only major property type to register higher deal activity so far this year than 2019.
Voodoo was the hypercasual games publisher with the most new installs of its games in Q3 2020, having its games downloaded 105% more than its closest competitor in Lion Studios. The bottom half of the top 10 are grouped pretty close together but after #10, Rollic Games, there is a bit of a dropoff to Kwalee with 63 million installs. As a grouping, the top 10 hypercasual game publishers grew downloads 31% YoY. Only two of the top 10 declined during this period.
Tesla’s CEO Elon Musk has, on more than one occasion, promoted the idea that the automotive company is uninterested in pedigree. In a noteworthy string of tweets in February, Musk wrote, “Don’t care if you even graduated high school… Educational background is irrelevant, but all must pass hardcore coding test.”
We probably don’t have to tell you that social media is a big deal. The average person spends 2 ½ hours per day on social media. 3.8 billion people use social media worldwide. 84% of people with Internet access use social media. So with stats like those, advertising on social media is a no brainer. Let’s pull some insight to see which social media sites are the cream of the ad crop.
If you have over 100 aircraft scheduled for delivery in 2020/21 and a further 106 that are currently inactive then you have plenty of capacity. But where do you operate those aircraft? Southwest seems to have found part of the solution with their recent announcement of entering the Chicago O’Hare (ORD) and Houston Intercontinental (IAH) markets from early next year.
