The expectation heading into Black Friday 2021 was that while the day would continue to drive significant traffic peaks, it was unlikely to reach the standards set in years past. And early data from Black Friday appears to prove this idea correct. Visits for most retailers were up significantly compared to a 2020’s limited Black Friday, but down compared to the equivalent day in 2019 – although there were exceptions to this rule. Walmart saw a 2.8% visit increase, and Target just a 3.1% decline compared to 2019.
Commercial property investment in Japan improved slightly in the third quarter of 2021, with deal volume reaching 862 billion yen ($7.6 billion), 9% higher than the same period last year. Office transactions in Tokyo constituted about half of total deal activity in the quarter. According to Real Capital Analytics data, third quarter volumes for the apartment, industrial and retail sectors each sat at a little over 100 billion yen. Office investment volume totaled well over triple this amount at 465 billion yen.
As we approach the end of the year, we’ll be covering trends from 22 key markets. We’ll recap what each industry has experienced over the past year and what to watch for in 2022. Learn who are the top advertisers from each category and how they spend across formats. If you went shopping for a car this past year, the price tags probably made you hit the brakes. Since the beginning of the pandemic, used car prices rose 39.8%, while new car prices rose 8.9%, according to the US Bureau of Labor Statistics.
In partnership with European Cities Marketing and their Barometer Report, the analysts at ForwardKeys shone the high beam on the highs and lows of travel within Europe this summer and in the last quarter of a roller-coaster year. And a few nuggets were unearthed, showing the return of business and luxury travel back to Europe. There is increased demand for luxury travel. To illustrate this, we looked at passenger arrivals from Los Angeles to London and we see an increase in the share of passengers travelling in Business, First and Premium Economy classes.
When it comes to analyzing holiday sales, Consumer Edge data can be extremely helpful in tracking what has happened holiday-to-date. It becomes even more powerful when users take advantage of data on last year’s sales trajectory to forecast how the rest of the season may play out. In today’s Insight Flash, we compare holiday sales trends in the US and the UK in 2019 and 2020 to understand which subindustries are most levered to this time of year and how much holiday shopping will have already been included when our Black Friday data should become available for the majority of US retailers tomorrow
Welcome to the December Apartment List National Rent Report. Our national index increased by 0.1 percent during the month of November, the lowest month-over-month growth rate of 2021. The pace of rent growth has been cooling rapidly for the past few months, but growth is still outpacing pre-pandemic trends, with the slight uptick this month coming at a time of year when seasonality normally causes prices to dip. Since January of this year, the national median rent has increased by a staggering 17.8 percent.
The lower tranches of MSBAM 2013-C10 have been in trouble since the beginning of the pandemic. Fitch details their latest downgrade in their last update at the end of September. In particular, the downgrade is due to the troubles at Westfield Citrus Park, which is in a friendly foreclosure; Southsdale Center; and the Mall at Tuttle Crossing. Let’s look at these centers in sequence. According to Fitch, Westfield Citrus Park reported June 2021 TTM in-line sales of approximately $120 compared to $379 per sqft at YE 2019.
While most of the retail world looked anxiously towards Black Friday preparations and results, the grocery sector knows that a far more important day comes before – Turkey Wednesday. Turkey Wednesday marks the day before Thanksgiving when grocers around the country see a powerful visit surge – for some, the pinnacle of their annual visits. How did this key supermarket holiday play out in 2021, and which other sectors benefited?
It was always going to happen but after just one week of relatively little change in global airline capacity if feels like a trick is being played on the industry with the arrival of variant Omicron just before the year-end holidays. Stock markets panicked, airline shares plummeted, regulators applied new travel restrictions and airlines shrugged their shoulders and said, “here we go again”. Both as an industry and from the wider health perspective we are so much better placed to deal with another Covid variant but that doesn’t stop speculation
The overnight news of a possible new variant of concern emerging in Africa is clearly something that the aviation industry needs to be aware of. But, as famously said by Corporal Jones in _Dad’s Army_, a great TV comedy, “Don’t Panic”. Airline stock prices have taken a dive this morning, but perhaps that is an overreaction, and if we put the whole situation into context then this is perhaps just one more bump in the road to recovery that we expected, so what is that context?
Notable Hit 1: (BURL:NYSE) On Tuesday November 23 , 2021 Burlington Stores, Inc. (BURL) posted better-than-expected revenues of $2.3bn beating the consensus estimate of $2.22bn or by 3.44% and in the same direction as Advan's forecasted sales. The revenue was up 38.19% YoY - Advan's foot traffic data captured an increase in foot traffic of +24.53% YoY at its stores for Q3 2021. As a result of beating the sales and EPS, the stock opened at $271.99, up 3.4% from its previous day's closing price.
The great aviation recovery is underway, or more precisely - airline capacity is rebuilding in many parts of the world, airline schedules are more stable than they have been all year, and if you are double vaccinated (and able to work out the paper trail of requirements) you can travel freely to most parts of the world. However, you are still unable to travel everywhere and, in a throwback to the mid-nineteenth century, there are markets that remain firmly shut for nearly all international travel and that is not good news for the airline industry.
As we approach the end of the year, we’ll be covering trends from 22 key markets. We’ll recap what each industry has experienced over the past year and what to watch for in 2022. Learn who are the top advertisers from each category and how they spend across formats. The video game industry had an exciting, yet strange, year. Many great games came out. Sales were up 12% year-over-year. But major companies believe supply chain issues will begin to hamper sales. Nintendo has urged shoppers to begin holiday shopping early.
The ForwardKeys team of travel experts have been closely monitoring the winds of change in the travel sector since the pandemic unleased, and up until recently, the air ticketing data was showing the Americas, especially the Caribbean, as the sole game changers when it comes to real-time travel recovery. However, Africa and the Middle East are also proving to be much more resilient. While the total global inbound figure for international arrivals as of October 2021 sits at -77%, for Africa and the Middle East this figure is at – 68%.
More money is being spent on real estate than ever before. Through the second quarter of 2021, the total value of residential real estate transactions was over $600 billion for the third time in the past year, for a total of $750 billion. It has been steadily on the rise since 2010, but has recently taken a particularly sharp upswing. Recent totals exceed the previous peak of $568 billion in Q3 2005.The value of transactions has skyrocketed, despite sales count, continuing a relatively normal growth trend.
After the holidays? Beginning of the new year? Or once things settle down? What is the best time of the year to look for a new job? Well, by analyzing the start dates on profiles, we see that it depends a lot on the industry. The following calendar shows the frequencies of newly filled positions for each industry by month:
It’s been a long two years. Last year at this time, many of us were hoping for a quick pandemic-rebound in 2021. Couldn’t we just magically put the pandemic behind us and forge a new way forward? We know that didn’t happen. With the Delta variant and a complicated economic recovery, 2021 was marked by continued reliance on digital shopping, work, schooling and entertainment. At the same time, we experienced the “Great Resignation” and major supply chain issues.
I don't know about you, but cutting the cord was quite a daunting task that I chose to take on earlier this year (apparently I am very late to the party). How would I possibly survive without being able to watch the Patriots every Sunday, and the Bachelor every Monday? Thanks to a strong internet connection and Live TV streaming apps, I never had to find out. Live TV streaming apps have grown in popularity as they allow fans to stream their favorite shows and sports live, without needing to pay for an additional cable service.
In 2020, several big-box chains announced that they would close their retail locations on Thanksgiving Day due to the ongoing COVID-19 pandemic. One year later, some of those same companies—including Walmart, Target, and Best Buy—will remain closed again on Thanksgiving. Consumer transaction data reveals that among the three companies, Walmart saw the most significant decrease in year-over-year sales the week of Thanksgiving in 2020. At the same time, Best Buy saw a major shift to online sales during that week while most sales at Walmart and Target still took place through retail channels.
Foot traffic has been relatively up and stable since the decline of our initial Delta case wave and the conclusion of the back-to-school season. From October onward, things are pretty flat. Grocery is the category we want to discuss today -- that yellow line in the middle of the pack. It nicely encapsulates the complex mix of behaviors in the market right now, as some people return to their old behaviors, others stick with their new ones, and the remainder find a happy middleground.This dynamic -- the presence of old normals, new normals, and hybrid normals _all at once_ -- is showing up in every category we track. Understanding and serving this dynamic is key to winning this holiday season and beyond.
