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The phrase “no place like home” took on new meaning for many at the height of the pandemic, with much of the country pivoting to a new normal of quarantine and remote work. Some of the biggest beneficiaries of this development were the Home Improvement and Home Furnishing sectors as consumers increasingly took on DIY home projects and invested in home offices—to the tune of $420 billion last year.

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September 13, 2021 / Travel

Labor Day travel beats 2020 levels, still below pre-COVID times

From Inrix
Despite the COVID-19 Delta Variant, holiday travelers hit the road Labor Day weekend, seeing more traffic congestion than last year. Some people assumed that Labor Day weekend travel would perhaps even be lighter than last year. Yet the latest data from the Labor Day holiday shows people still have a strong desire to get out of town. Travel was especially strong in Miami this Labor Day. Travel times were +11% higher than in pre-COVID 2019 and 15% higher than in 2020. Further, Miami saw a +34% increase in miles-traveled versus last year and saw a +30% increase in trips.
September 13, 2021 / Business

Abercrombie & Fitch in the US and UK

From Consumer Edge Research
Company performance often differs across geographies. Often, more than one data source is needed to get a complete view. CE Transact provides this view in both the US and the UK. For a company like Abercrombie & Fitch, the data has been highly predictive in both markets. In today’s Insight Flash, we compare channel trends and brand growth across the two geographies. For the most part, online spend growth has surpassed offline spend growth for Abercrombie & Fitch in both the US and the UK since January 2020.
September 10, 2021 / Real Estate

Apartment Retention Rates Surge Back Near Lockdown-Era Peaks

From RealPage
Apartment retention rates are soaring back to lockdown-era highs, as more renters are determining that staying in place is often the best and most affordable option – given a remarkable lack of alternatives for all types of housing and for all price points. The share of renters choosing to renew expiring leases in August 2021 surged 4 percentage points year-over-year, the largest increase on record. That brought the overall retention rate to 57.2%, just shy of the historical peaks set during the height of the lockdowns in April and May 2020.
September 10, 2021 / Business

Placer Bytes: Bed Bath & Beyond and Tuesday Morning

From Placer
In our Quarterly Index, we noted that the pent-up consumer demand for home furnishings gave many home goods chains a visit boost in Q2 2021 – but some brands, like Bed Bath & Beyond and Tuesday Morning, were still struggling. With Q3 almost behind us, we dove into the foot traffic data to uncover the summer recovery trajectory of these two brands. While brands like Home Goods and At Home have succeeded in tapping into the emergence of home nesting – July visits were up 28.6% and 16.9%, respectively
September 10, 2021 / Travel

Asian Dominance Slips from World's Busiest International Routes

From OAG
Whilst the popularity of some of the world’s busiest domestic airline routes remains undiminished during the pandemic, there has been a considerable shift in the international busiest airline routes. In August 2019, 8 out of 10 of the Top 10 busiest global international routes operated within Asia on key business trunk routes, typically operating with high daily frequency and catering to time-sensitive business travellers.
September 10, 2021 / Real Estate

Dodge Momentum Index Loses Steam in August

From Dodge Analytics
The Dodge Momentum Index dropped 3% in August to 148.7 (2000=100) from the revised July reading of 154.0. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial planning component lost 2% in August, while the institutional component fell by 6%.
September 9, 2021 / Business

Cross-shopping between Etsy and Depop increased ahead of acquisition

From Second Measure
In June 2021, global ecommerce company Etsy announced that it would acquire Depop, a UK-based resale marketplace that has also been gaining traction in the US. Consumer transaction data shows that during the pandemic, a growing percentage of U.S. customers at Depop have also been making purchases at Etsy. Additionally, cross-shoppers between the two companies are more likely to buy more frequently at each company compared to customers who only shop at one of the companies.
September 9, 2021 / Business

Regulator Today, Lobbyist Tomorrow

From Revelio Labs
The Revolving Door, the movement of public sector employees to private sector companies, is a heavily scrutinized Washington D.C. phenomenon. The movement between regulators and the companies they regulate can be problematic: when lobbyists turn into regulators, and vice versa, the transparency and fairness of regulatory policy is potentially jeopardized. With our data spanning hundreds of millions of careers, we detect the inflows and outflows of regulators. The charts below show the most frequent transitions out of and into the largest regulatory bodies in the US.
September 9, 2021 / Business

Despite All Odds, Global Internet Speeds Continue Impressive Increase

From Ookla
“A lot has changed” we wrote in our 2019 global roundup of internet speeds based on the Speedtest Global Index™. Little did we know how much was about to change. But two things remain the same: the internet is getting faster and the Speedtest Global Index is still a fantastic resource for tracking improvements on a global and country level (if we do say so ourselves). Today we’re taking a look back at how much internet speeds have increased over the past four years and which countries have seen some of the largest gains.
September 9, 2021 / Real Estate

The Role of Rent in Inflation Measurement

From CoreLogic
The inflation statistics this summer have captured headlines. Economic policy mavens often look at a price index excluding food and energy, referred to as the core price index, which tends to be more stable over time and a less noisy barometer of underlying inflationary trends. Newsworthy was the spike in core inflation: the Consumer Price Index, or CPI, measured a jump in core inflation to 4.5% in June, the highest in 30 years. Rent comprises 40% of the core CPI price index. Tenant rent and housing characteristics are used to impute an “equivalent” rent for owner-occupied homes in the index.
September 9, 2021 / Business

Shopee overtakes Mercado Libre to be the top shopping app in LATAM

From Apptopia
Shopee, headquartered Singapore, has become the top shopping app in Latin America. Shopee originally launched in Southeast Asia but in October 2019, brought its mobile app to Brazil. Now the country is its largest market as judged by monthly active users, overtaking Indonesia. Latin America and Southeast Asia are both emerging growth markets and Shopee's app is the largest ecommerce app in both of them.
September 8, 2021 / Business

Sales take flight ahead of Allbirds IPO

From Second Measure
Allbirds, the San Francisco-based startup known for its sustainable footwear collections, recently filed for an IPO. Initially launched as a DTC sneaker company, Allbirds has been growing its retail footprint over the last few years while also expanding into apparel categories. As Allbirds prepares for its public debut, consumer spending data reveals how returning customers and holiday sales have contributed to sales growth, as well as how the company’s retail locations in select metro areas have fared during the pandemic.
September 8, 2021 / Business

Summer 2021 Recap

From Placer
The summer brought positive signs for retail brands across the country with the big box giants, malls and even department stores seeing a needed boost. But with August in the rearview mirror, how much did the summer really contribute to the retail recovery? July and August brought a clear shift in consumer foot traffic, pushing many retail leaders back to positions of growth. Walmart saw visits up 2.9% and 3.9% in July and August when compared to the same months in 2019 – an especially impressive achievement considering the heights hit during that season.
September 8, 2021 / Travel

Airline Capacity Softens Around the World

From OAG
It is only September, but the challenges of surviving the forthcoming winter season were highlighted over the weekend by the collapse of Philippine Airlines, who filed for bankruptcy. It has been a sad but inevitable outcome for the carrier. The airline has 22 aircrafts of varying ages, sizes, engines, and conditions for sale before they relaunch in early 2022. Good luck to all the staff impacted by this development. This week also saw South African Airways confirm that they will relaunch on the 23rd of September after a fifteen-month break.
September 8, 2021 / Business

Cigarettes Aren’t Coming Back to Life—Manufacturers Switch Gears

From MediaRadar
The cigarette industry has faced a declining customer base for years—and COVID didn’t help. As more people quit smoking, cigarette producers are shifting their strategies. Philip Morris, owner of six of the world’s 15 top cigarette brands including Marlboro, is now changing course and pursuing a “smoke-free future.” In doing so, it is investing heavily in healthcare alternatives and respirable pharmaceuticals. The most recent CDC data found that 14% of Americans were regular smokers in 2019.
September 8, 2021 / Business

2021 Brazil Food Delivery: iFood continues to lead with over 80% Market Share

From Measureable AI
Ola, let’s talk about the food delivery market in Brazil. With Brazil covering almost half of the Latin America food delivery market, it is definitely the most important battlefield for on-demand food delivery companies. According to Measurable AI’s e-receipts data panel in Brazil: iFood, Rappi and UberEats are currently the three major players in the Brazil food delivery market. As of Q2 2021, iFood leads the market with over 80% market share, and UberEats comes next with around 10%. UberEats had a higher market share from March to July in 2020 at over 25%, but the momentum stopped soon after.
September 8, 2021 / Real Estate

U.S. Home Price Index Annual Growth Reaches All-Time High

From CoreLogic
National home prices increased 18% year over year in July 2021, according to the latest CoreLogic Home Price Index (HPI®) Report . The July 2021 HPI gain was up from the July 2020 gain of 5.3% and was the highest 12-month growth in the U.S. index since the series began in 1976. The increase in home prices was fueled by low mortgage rates, low for-sale supply and a rebounding economy. Projected increases in for-sale supply and moderation in demand as prices grow out of reach for some buyers could slow home price gains over the next 12 months.
September 8, 2021 / Real Estate

U.S. Home Price Insights

From CoreLogic
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through July 2021 with forecasts from July 2022. Home prices nationwide, including distressed sales, increased year over year by 18% in July 2021 compared with July 2020 and increased month over month by 1.8% in July 2021 compared with June 2021 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results).
September 7, 2021 / Business

Placer Bytes: GameStop, AMC and Dave & Busters

From Placer
In this Placer Bytes, we dive into the recoveries of GameStop, Dave & Buster’s and AMC to gather insights on experiential retail and retail’s recovery overall. The wave of excitement surrounding GameStop’s stock had little to do with the retailer’s offline performance, but it does appear that the buzz is working in the brand’s favor. Comparing weekly visits to 2019 since the start of the year reveals a steady and consistent reduction in the visit gap. And while the initial rush of retail reopenings in March drove a short spurt of comparative growth
September 7, 2021 / Culture

Pandemic Shifts Epicenter Ahead of the Holiday

From Kinsa
With the end-of-summer holiday around the corner, COVID-19 cases continue to increase for most of the country, but the epicenter of the outbreak is shifting. This week saw 165,000 new cases per day, up from July’s low point of less than 15,000 daily cases. Sadly, hospitalizations and deaths continue to increase as well, although at lower levels than previous waves. In good news: Vaccinations picked up steam in the wake of the official FDA approval last week. More than 800,000 shots per day were administered on average this week, up from July’s low of ≈500,000 shots per day.