Black Friday. It’s a word pairing capable of producing an almost Pavlovian response. Simply hearing its name in the wind can have us reaching for our wallets, pulling out our credit cards, and making a beeline for that “Buy Now” button. And it’s almost here. Yep – the seductive siren song of Black Friday is back for another year on November 25, ready to lure bargain-hungry consumers back into the arms of its irresistible discounts. Below, you’ll find everything you need to know about Black Friday statistics, from 2020 and 2022 through to Black Friday’s history.
Following a reported sales slowdown in its second fiscal quarter, department store chain Dillard’s Inc (NYSE: DDS) exceeded investors’ expectations with the release of its third quarter earnings report. Prior to the Q3 earnings surprise announcement, transaction data from Bloomberg Second Measure projected Dillard’s third quarter revenue within 1 percent of the company’s reported revenue.
Retail foot traffic picked up again in October ahead of a much anticipated holiday season. We dove into the visit data to find out which categories are making the biggest comeback and how this year’s extended holiday season stacks up against 2021. September was difficult for much of the retail landscape, as inflation took a toll on consumer spending. But the tide has turned in recently, with weekly visits since mid-October up relative to pre-pandemic 2019. Early holiday shoppers stocking up on gifts and consumers making peace with the current prices drove an October retail rebound ahead of a critical holiday season.
Sandalwood E-Commerce data showed online cellphone sales reached 6.8 million units during Oct 20 – Nov 5 in China, 2.3 times the sales volume during regular period (Oct 1-19). JD accounts for 44% of the overall online sales, whereas Tmall, Pinduoduo, Douyin, Kuaishou account for 39%, 13%, 4%, 4% respectively. Sales on JD, Tmall, Pinduoduo, Douyin, Kuaishou were 2, 5, 1.4, 3.3, 4.6 times that of regular sales period (Oct 1-19).
As inflation in categories like grocery restricts consumer spending in other areas, and as rising interest rates make auto loans more expensive, have used car sales hit a speedbump? Following up on our data’s accurate capture of last week’s CVNA reported sales decline – which sent the stock plummeting 50%, in today’s Insight Flash we dig into how competitor sales are trending, how the average inventory price compares to the average selling price of vehicles, and how many days vehicles are staying listed on websites before being sold.
As the holiday season approaches, retailers are gearing up for major sales events like Black Friday. Among these are sporting goods retailers, which reportedly saw an increase in demand for camping and outdoor gear during pandemic lockdowns. So how did these companies fare during Black Friday week over the last few years? Our peer analysis of major sporting goods retailers—Academy Sports & Outdoors (NASDAQ: ASO), Big 5 Sporting Goods (NASDAQ: BGFV), Dick’s Sporting Goods (NYSE: DKS), REI, and Sportsman’s Warehouse (NASDAQ: SPWH)—found that Sportsman’s Warehouse saw the most customer growth during Black Friday week in 2021.
With the peak of the retail holiday season kicking into high gear, we dove into the visit performance for two of retail’s giants. In 2021, both Target and Walmart saw uniquely strong performances during Back-to-School season and again in October as retailers pushed to extend the holiday shopping period earlier. Last year’s visit peaks set a critical context for understanding the traffic to both retailers in recent months. Target saw year-over-year (YoY) declines of 0.9% and 2.1% in August and October – relatively minimal considering the heights hit during those months in 2021.
Last Tuesday, New York City enforced a pay transparency law, requiring companies to include salary ranges in job postings. We wrote a newsletter about the impact of Colorado's pay transparency law back in May, so we had thoughts about what to expect for NYC. You can read our interviews with Bloomberg and Money.com and watch our CNBC coverage.
The office recovery has plateaued over the past couple of months as many workers settle into a hybrid working model, and the pattern largely continued in October. New York City and Chicago saw the smallest year-over-year (YoY) increase in monthly office visits since the start of the workplace recovery in April 2021, with October visits up by only 6.8% and 10.9%, respectively. In Houston and Miami, where the office recovery started earlier and picked up steam faster than in the rest of the country, visits were actually slightly lower this October when compared to last year – a clear sign that the return to office rates are leveling off in some regions – at least temporarily.
Global property is at a crossroads. For example, the build-to-rent sector is strong as urban rents spike around the world; and with general price levels rising at close to double digits, there is renewed interest in property as an inflation-proof real asset. But rising mortgage rates are hitting starter and family home markets globally.
The end of the pandemic was supposed to trigger an extended period of retail success, with brands finally seeing the wider constraints of COVID removed. Yet, with the decline of the pandemic came the rise of significant economic headwinds like rising inflation and gas prices. And so the challenges have continued with the retail sector pushing to cope with a seemingly endless period of volatility. But how would malls cope in October following challenging summer months ahead of a critical holiday shopping season?
Ciao! It’s believed that the first ever food delivery took place in Naples, Italy in 1889, where King Umberto I and Queen Margherita received the first pizza delivery. Fast forward to over 100 years later, Italy’s food delivery market has grown to be around USD$1.15 billion in 2022 (forecast by Statistica). Let’s take a look at the market share of the Italian food delivery market occupied by the four players Deliveroo, JustEat, Glovo and UberEats.
Health and wellness remains a booming industry in 2022, as more and more Americans prioritize self-care in the wake of COVID. And while online fitness classes still provide a convenient option for many, premature predictions of the demise of the gym have proven greatly exaggerated: People crave community and human interaction – and they’re willing to leave the house to get it. Despite inflation rates hovering above eight percent throughout the summer, a year that started off well for the fitness industry has gotten even better.
Peloton was already in trouble when we wrote about its ad strategy earlier this year. Fast forward a few months, and things are considerably worse. Here are a few headlines that have hit the presses since May: Peloton Lays Off 500 Employees in Fourth Round of Cuts This Year - Peloton, Seeking to Cut Costs, Will No Longer Make Its Own Bikes - Peloton, the Troubled Fitness Company, Loses Another Top Executive For the pandemic darling, these headlines seem unbelievable. Unfortunately for Peloton and its advertisers, they’re not.
Keep up with the food delivery market in every market with Measurable AI’s transactional e-receipts data panel. This week we did an overview of the food delivery market in Europe throughout the past few years. First stop, España. Looking back, the Spain food delivery market has been quite competitive with over four players in the game: Glovo, JustEat, UberEats and Deliveroo. In 2020, Glovo was on a par with JustEat at around 35% of the market share by revenues.
The quiet yet promising launch of Temu marks yet another Chinese tech giant’s attempt to succeed in the American e-commerce market. The online marketplace is a subsidiary of Pinduoduo which successfully rose through fierce competition in the China e-commerce space. Just one month after it went live, Temu has ranked among the most downloaded shopping apps in the US. Will the fast growing platform maintain its momentum and pose a challenge to its main competitor Shein and other US e-commerce leaders like Amazon?
As the acute phase of the pandemic has waned and life has returned to normal, leading players in the pharmacy space have been forced to confront the challenging retail environment – characterized by inflation and consumer trading down – facing other sectors. Traditional drugstore giants CVS Pharmacy, Inc. and Walgreens Co. have also had to contend with increasing competition from Amazon, Walmart and others. A look at foot traffic for the past few months confirms, however, that despite these challenges, both chains are still experiencing strong performances.
Retailers are understandably nervous about the upcoming holiday shopping season. It’s a season that has traditionally accounted for up to 40% of annual sales. Given the economic turmoil of recent years, it’s no wonder merchants and service providers are anxious about whether they can expect the fourth quarter to resemble those of Christmases past, rather than the disruption they’ve endured since the onset of COVID. Fortunately, Envestnet® | Yodlee®’s wealth of consumer spending and transaction data may offer some insights.
For the first time ever, Amazon.com Inc (NASDAQ: AMZN) hosted two Prime Day sales events in the same year—one in July and one in October of 2022. So how did the Amazon Prime Day 2022 results in October fare against previous Prime Days, as well as competing sales events held by retail competitors Walmart Inc (NYSE: WMT) and Target Corp (NYSE: TGT)? Consumer transaction data reveals that Amazon.com Inc’s U.S. consumer sales during the week of the Prime sales event in October 2022 were lower than Amazon Prime Day week in July 2022, but higher than Prime Day weeks in prior years.
Recent statistics from the US Government Accountability Office show that only 42% of managers are females, although females represent 48% of the US workforce. Moreover, female managers earn only 71 cents on average for every dollar earned by a male managers. Could the gender gap in management be related to how male and female managers describe their expertise? An analysis of millions of online biographies of managers reveals that men and women use very different vocabulary to describe their expertise.
