As the battle for consumer spending intensifies in the 2022 holiday season, Bloomberg Second Measure analyzed three major big-box retailers known for their Black Friday events—Walmart Inc (NYSE: WMT), Target Corporation (NYSE: TGT), and Best Buy Co, Inc (NYSE: BBY)—to see how they fared during Black Friday week. Using consumer transaction data, we found that Walmart outperformed its peers in terms of overall year-over-year sales growth in the U.S. Additionally, all three companies saw greater year-over-year growth in their online sales than their retail sales.
Sandalwood China E-Commerce Data shows COVID-related drug sales on JD reached 96.93 million RMB (around 13.91 million USD) in last week of Nov, representing a 465.02% y/y growth compared to 2021. Sales of cold and cough medicine grew 380.18% y/y and reached 60.17 million RMB (around 8.64 million USD), whereas Antipyretic and Analgesia grew 694.82% y/y and reached 36.77 million RMB (around 5.28 million USD).
Awarded in December 2010 to Qatar, this year’s FIFA World Cup is the first to take place in the Middle East, and the first to be supported by commercial 5G networks. Ahead of the event, we outlined the important role of the Qatar Communications Regulatory Authority (CRA) and both Ooredoo Qatar and Vodafone Qatar in driving performance gains in the market. A competitive, pro-investment market environment has paid dividends, coupled with firm commitments from both operators to roll out commercial 5G networks in all densely populated areas and all venues associated with the FIFA World Cup.
Brick-and-mortar retail has had a tumultuous few years, from the lockdowns of 2020 to the high gas prices and inflation of 2022. Yet, consumer demand for in-person retail and services has remained strong, with key categories bouncing back after each new challenge. Our latest white paper dives into some of the key trends likely to shape the retail landscape in 2023. We examined foot traffic data, migration trends, and office recovery patterns to better understand what the coming year may have in store.
High inflation and rate hikes were expected to hit the annual Black Friday sales, but early reports show mostly good news: online sales hit a record $9 billion, and Adobe Analytics figures show ebbing pandemic health concerns with shoppers returning to in-store purchases. But the improvement could be short-lived, reflecting relief at a lockdown-free holiday period and the lure of short-term promotions.
The CoreLogic Homeowner Equity Insights report, is published quarterly with coverage at the national, state and Core Based Statistical Area (CBSA)/Metro level and includes negative equity share and average equity gains. The report features an interactive view of the data using digital maps to examine CoreLogic homeowner equity analysis through the third quarter of 2022. Negative equity, often referred to as being “underwater” or “upside down,” applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or both.
Nearly two years have passed since STR published its first business travel recovery blog under the headline, “Waiting for Business Travel to Return.” Now 11 months into 2022, the wait for that return has been over for some time although further gains are needed to reach pre-pandemic levels. According to consumers, those gains are on the way with combination business/leisure trips representing the biggest increase.
Our recent look at digitally native brands highlighted the unique experiences that can be found in retail corridors – outdoor and pedestrian-friendly clusters of stores, restaurants, and entertainment venues. But indoor malls also house a number of different retail, dining, and entertainment options in close proximity – and yet foot traffic data indicates that visitors treat these two types of hubs quite differently. Here, we take a closer look at the foot traffic trends and consumer behavior data for nine major retail corridors to understand what separates these hubs from indoor malls.
This Placer Bytes takes a look at three very different companies – Nike, lululemon, and GameStop – to see how they fared over the holidays and what lies ahead. Nike has undergone quite a few shifts in recent years, including its pivot away from wholesale to focus on its own retail ecosystem, including standalone Nike stores, Converse, Hurley, and Nike Factory Store. The company’s investments in owned distribution channels include leaning into experimental and experiential retail with its new Nike Rise, House of Innovation, and small-format Nike Live concepts.
The Earnest First Choice Retailer Rankings are based on the credit and debit card spend of millions of de-identified U.S. consumers from the Orion spend panel. Earnest identifies each shopper’s First Choice Retailer by comparing their spend across 1000 retailers between Thanksgiving and Cyber Monday. For example, if Shopper A spent $70 at Amazon, $50 at Walmart, and $30 at Target, their First Choice Retailer would be Amazon.
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 3.8% (2000=100) in November to 207.2 from the revised October reading of 199.6. During the month, the DMI continued its steady ascent, with the commercial component rising 4.3%, and the institutional component ticking up 2.7%. Commercial planning experienced a healthy increase in hotel and data center projects and modest growth in stores and office projects. While education and healthcare projects slowed in November, the institutional component remained net-positive alongside a robust increase in planning projects for government administrative buildings and religious facilities.
The rise of tech firms and big data has sparked a shift toward flexible and open source software. In a previous newsletter, we showed which companies have adopted open source software. This week, we take a look at software skill requirements for government jobs. We focus on data related jobs and assess the differences between the government and private sector. While job postings in the private sector are likely to require open source data analysis and visualization software skills, such as SQL, Python, and Tableau, less than 10% of government job postings require these skills.
When we last looked at malls, there was an expectation that declines compared to 2021 in October could actually signal potential strength in November and on Black Friday. Yet, that potential failed to materialize, with Black Friday and the corresponding weekend seeing visit declines compared to a pre-pandemic 2019 and even 2021. But there’s more to the mall story in 2022, and this could have very interesting implications for retail strategies moving forward.
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through October 2022 with forecasts through October 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.
The effects of inflation are omnipresent. The mobile app market isn’t immune to them, and has, in fact, begun to show signs that the economic headwinds facing the business macrocosm are filtering down to the mobile microcosm, affecting publishers and apps of all sizes. Without a clear end in sight, this environment demands that those evaluating opportunities in the mobile ecosystem have a sustainable approach to surface insights around its most resilient aspects.
College towns are bustling once again. After two years during which COVID significantly impacted student routines, most campuses are back to business as usual. And with classes winding down and winter break just around the corner, many students are availing themselves of the various amenities their cities have to offer – both on and off campus.
Judging by the way that airlines are moving capacity up and down over the next few weeks it is already Christmas in most markets around the world. Over the next four weeks capacity fluctuates up and down by over 10% with some airlines adjusting capacity by up to 40% in the next two weeks. The current lull in capacity sees this week dip to 89.9 million seats as we see China once again lurch backward with another round of capacity cuts and with April 2023’s Formula One Grand Prix already cancelled it seems that nothing will be changing soon.
As it has turned out, July was an inflection point for multifamily rent growth nationally. Apartment demand, exceedingly tepid all year, had its highest monthly total in January. Despite this, and thanks in no small part to remaining excess occupancy built up during 2021, rent growth momentum above the typical level continued into the summer. Monthly average effective rent growth for new leases peaked in June with a 1.3% gain. The rate of growth then declined in each subsequent month before finally entering negative territory in November to the tune of a 0.3% decline.
Tight budgets and a smaller emphasis on extending the holiday shopping season early meant all eyes were on Black Friday 2022 for an indication of what lies ahead for holiday retail. And despite the fact that Black Friday 2021 was limited by rising COVID cases and a concerted effort from retailers to shift focus away from the retail holiday, Black Friday 2022 still fell short for most sectors. Still, the retail holiday continues to attract consumers to brick-and-mortar stores, and comparing Black Friday visits to pre-Thanksgiving foot traffic revealed significant visit spikes almost across the board.
To make economic decisions, we need to understand how people and businesses spend their money. To do this, government and academics have historically had to rely on datasets that are small or significantly delayed. However, with the advent of digital economies, we are seeing a new wave of economic research and statistics based on large-scale anonymised transaction datasets. Such data helps us to understand and react to economic movements in real time, without the recurring risk of significant data revisions.
