With many US companies finally mandating a return to the office after Labor Day, some companies that have continued to ride the remote work wave may see sales slow. In today’s Insight Flash, we look at the impact working from home has had on direct delivery coffee companies, seeing how incumbent Nespresso has fared versus newer brands in terms of spend growth, retention, and new customer acquisition.
As college football kicked off in the U.S. on August 27, the top 5 Sports Betting apps did too, accumulating half a million downloads through Labor Day. This combined new install count among DraftKings, FanDuel, BetMGM, Barstool, and Caesars is up 39% from the same period last year. Barstool Sportsbook's daily downloads grew the most between the two weeks, reaching a 329% increase on Sunday. Its growth slowed Monday, while second-fastest grower FanDuel continued to pickup, and the two apps met at 257%.
We’ve covered the office recovery extensively over the past year. With the recovery entering a more stable phase, we examined office foot traffic trends and looked at how the prevalence of different kinds of employers in each city is impacting the local workplace recoveries. The pandemic seems to have permanently changed office norms, and most businesses have accepted that hybrid work is here to stay. But while foot traffic has yet to return to pre-pandemic levels, offices nationwide are seeing a slow but steady visits recovery.
The global automotive market is projected to reach nearly $95t (yes, that’s a “t”) this year, making it one of the biggest industries in the world. A big industry calls for advertisers with even bigger budgets, right? Not so fast. (Get it?) The pandemic, coupled with an uncertain economy, has pushed car buying and related purchases to the back of many peoples’ minds. Sales of new vehicles in the US fell by about 15% in 2020, one of the biggest declines in decades.
The onset of the pandemic led to a huge wave of layoffs. This surge has prompted many businesses and employees to create online spreadsheets with resumes of laid-off colleagues in anticipation of quickly finding them other jobs. As layoffs are becoming widespread again, we have partnered with Business Insider to leverage individual data obtained from such web sources to uncover who gets laid off.
The lingering challenges posed by inflation and high gas prices made a demonstrable impact on the mall sector throughout the summer. After experiencing a steady run of consistent year-over-year (YoY) growth, the Placer.ai Mall Indexes saw visits down across indoor malls, open-air lifestyle centers and outlet malls segments in June and July. Yet, there was optimism that a more favorable YoY comparison and an improving retail environment could buoy the segment at the end of the Back-to-School season. So how did malls perform in August 2022?
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through July 2022 with forecasts through July 2023. CoreLogic HPI™ is designed to provide an early indication of home price trends. The indexes are fully revised with each release and employ techniques to signal turning points sooner. CoreLogic HPI Forecasts™ (with a 30-year forecast horizon), project CoreLogic HPI levels for two tiers—Single-Family Combined (both Attached and Detached) and Single-Family Combined excluding distressed sales.
As the operator of several supermarket chains nationwide, Kroger is a household name in grocery. And with significant investment in omnichannel strategy, the Kroger brand has become a leader in online grocery as well. As Kroger rolled out more delivery fulfillment centers and a new loyalty program, we took a closer look at the brand’s two largest grocery chains – Kroger and Ralphs – and how these omnichannel initiatives impact the brand’s brick-and-mortar foot traffic.
The food delivery industry is booming with an increasing selection of restaurants offering their meals through online services and apps. The Indian arena is seeing increased website traffic with record-breaking order numbers. Whether you’re interested in entering the food delivery arena or eager to understand any other industry on the planet, it’s essential to fully grasp your marketplace, partners, competitors, and the most prominent players in the game. Using Similarweb Digital Research Intelligence, you can learn about your target market, spot the trends, and make informed decisions for your business.
Demand for second homes surged after the onset of the COVID-19 pandemic nearly doubling the pre-pandemic demand level in late 2020. Flexibility to work remotely, coupled with record-low interest rates, induced the hike in second home demand in 2020 and 2021.Though remote work remains common in 2022 and will for the foreseeable future, low interest rates have vanished, while home prices are at record highs. As a result, home affordability has decreased for all, whether looking to buy a primary residence or a second home.
Some level of back-to-school spending is to be expected every year, but how much consumers are spending and what they choose to buy shifts given the economic conditions. Looking at de-identified Yodlee spend data, we’ve found some consumer back-to-school spending trends that may help retailers and manufacturers uncover new opportunities. The growth in early back-to-school shopping this year, specifically within apparel, office supplies, and arts/hobby channels, is slower than 2021 when compared with pre-pandemic year 2019.
Earlier this year, Chipotle Mexican Grill (NYSE: CMG) reiterated its plan to more than double its retail footprint in the U.S. and Canada, with a special focus on increasing its drive-thru capabilities. During the pandemic, the fast casual chain experienced strong growth in its online sales—which are still elevated in 2022—as well as gradual recovery for its in-store sales after an initial dip in March 2020. Consumer transaction data also shows that Chipotle has the highest month-over-month customer retention rate among its fast casual competitors Moe’s Southwest Grill and Qdoba Mexican Eats.
The telehealth industry began to thrive during the pandemic and continues to deliver convenient care to patients. This boosted growth may persist—McKinsey estimates that up to $250 billion of current US healthcare could be done virtually. This week, we look at the post-pandemic telehealth boom and why telehealth positions are becoming more attractive. Telehealth companies have grown significantly faster in size than their traditional peers in recent years.
With 79% of Americans reporting that their lives are somewhat or completely back to normal following the COVID disruptions, we dove into the data to understand where in-person business events stand as we move deeper into the second half of 2022. With the widespread and enduring increase in remote and hybrid work, the pandemic drove some major shifts in workplace behavior. But COVID didn’t just prevent employees from coming to the office – the pandemic also ruled out business travel and put a halt to almost every form of in-person work event.
Wembley Stadium is one of the UK's most iconic venues hosting some of the world's highest profile sporting and musical events. So, we were curious to know whether all events and all audiences are equal when it comes to splashing the cash locally on event days. By using a combination of Fable’s extensive consumer spend data and precise location capabilities, we were able to pinpoint spending at some of the most well-attended events in 2022 and the results were really interesting. Would music audiences outperform sports? Would Coldplay out perform Ed Sheeran?
JD Sports Fashion has managed to build a multi-brand platform targeting consumers at the intersection of, as its name suggests, sports and fashion. With Athletic Apparel more generally benefitting from work-at-home trends, what have been the drivers of JD’s performance? In today’s Insight Flash, we examine subindustry performance in both the US and UK, trends for individual JD brands, and which competitors are most likely to be cross-shopped.
Over the past few years, top tier malls have been innovating to stay ahead of the pack. Our latest white paper dives into strategies shopping centers are implementing — such as adding entertainment centers, getting creative with tenant selection, or offering omnichannel options. With many retailers reducing their in-mall presence, empty brick-and-mortar stores have attracted plenty of negative attention. But now, malls are increasingly repurposing vacated spaces in new ways that resonate with local communities and can fill their evolving needs.
Although global airline capacity remains above the 100 million seats a week mark, it is likely that this will be the last week that we manage to break that barrier for the rest of the year. Week-on-week some four million seats were dropped from this week’s operating programmes. Next week’s data is already hovering just above the 100 million seat mark, and allowing for the current rate of capacity drop each week, we will be back in the high nineties in seven days’ time.
Amazon just had its best month of U.S. downloads on record, bringing in 5.5 million downloads this August. The 65% year-over-year (YoY) growth for the month is also its highest YoY growth rate for any given month in the last seven years. Setting this record in August signals that Amazon has hit it off with back to school shoppers — the target audience of its multimillion dollar ad campaigns for the past two months — even as brick and mortar retail app performance is stronger than ever this quarter.
Digital freelance platforms have been promising to revolutionize labor markets for years by enabling anyone to offer their talent flexibly. The promise seems to finally be coming true: Data from a leading freelancing platform shows that the number of new freelance accounts skyrocketed in the last year, as millions of employees were quitting and changing jobs during the Great Resignation.
