Top tier malls across the country had been experiencing a steady recovery since the start of 2021. This recovery culminated in July when visits to indoor malls rose 1.0% above the same month in 2019, with outdoor mall visits rising 1.8%. Pent-up demand, a lack of travel, general excitement around the retail reopening and more all combined with the Back-to-School retail season to drive an impressive month.
At the very start of the global pandemic airlines had to make rapid – and major – adjustments to their flight schedules as demand fell away and travel restrictions prevented flying. Throughout the past 18 months airlines have remained ‘light on their feet', continually adjusting their schedules to optimise networks and capacity to meet travel demand as and when it occurs. The notion of planning an airline schedule for the next 6 months still seems like a distant memory but schedule volatility is improving.
The Dodge Momentum Index gained 11% in September to 164.9 (2000=100) from the revised August reading of 148.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the 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 increased by 13% in September, while the institutional component rose 8%.
When Dolly Parton spun her classic 9-to-5 into an ode to side hustles for Super Bowl commercials, it sparked controversy as to whether hustle culture is the new norm. But is this really a _'whole new way to make a livin’_? By looking at online profiles who list more than one concurrent position, we can track the rise and fall of hustle culture in the American economy:
Teen/tween retailer Claire’s, known primarily for its fashion jewelry and ear piercing services, has filed for an IPO—several years after a private equity takeover and emergence from Chapter 11 bankruptcy. In its recent prospectus, Claire’s noted that for the first half of fiscal year 2021, North American sales grew 124.3% compared to 2020 and 23.2% compared to 2019; much of this was driven by ear piercing-related transactions.
Migration and population trends for September 2021 are in. We are starting to see a slow return back to base, meaning residents returning to urban locations. But it is a slow process and by no means complete yet. Here are a few representative graphs that illustrate the point. Resident moves from May to September 2021 show a slight increase of residents in the Northeast (New York to Massachusetts), Southeast, Northwest and (less so) in the Southwest coasts.
Today, 60% of U.S. consumers stock up on groceries online. In the wake of the pandemic, traditional grocers now compete with disruptors like Instacart and megaretailers like Walmart and Amazon. To help these retailers thrive in the cutthroat online grocery business, we use Similarweb Shopper and Research Intelligence, to compare Amazon, Walmart, Instacart, and traditional grocers. Web traffic to the U.S. grocery industry spiked 47% year-over-year (YoY) since the onset of COVID-19.
Investment in commercial property outside London has set a new record for the first nine months of the year, powered by investor demand for industrial assets. U.K. regional property sales volume reached £27.7 billion ($37.6 billion) in the year through September, a 22% increase on the average January-to-September period in the five years prior to Covid. Compared to 2020, transaction volume is up nearly 60% year to date.
The retail and domestic tourism sectors are slowly seeing year-over-two-years visit gaps close in New York City, but major office towers are still seeing huge visit gaps when compared to 2019. And this has significant effects on restaurants and retail within the city. So we dove into the data to find out – how far along is the office recovery in NYC? Domestic tourism visits (visits by individuals living more than 50 miles outside of New York City) fell dramatically over the pandemic.
The pandemic has impacted the entire nation, but its influence greatly varies across state lines. Those living in California had a different experience than those living in Texas. And those living in New York had a different experience than those in Florida. Much of this has to do with public policy. Restrictions varied greatly among locations, leading to differences in regional ad sales. Due to the variations, we analyzed pandemic regional trends from four states—California, Texas, Florida, and New York—to help you with your regional sales strategies.
Kinsa data shows that despite COVID-19 cases decreasing, the U.S. has recorded the same level of fevers for the last two weeks. This stable level of illness is likely due to several factors: regional divergence of COVID trends, with some heavily populated areas getting better while other regions are getting worse or staying the same. With the historically low 2020-21 illness season (aside from COVID, few other contagious illnesses were circulating), we may be experiencing “waning immunity” to common illnesses.
The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through August 2021 with forecasts from August 2022. 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.
National home prices increased 18.1% year over year in August 2021, according to the latest CoreLogic Home Price Index (HPI®) Report. The August 2021 HPI gain was up from the August 2020 gain of 5.9% 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 an influx in homebuying activity from investors. 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.
An increasing number of millennials, those born from 1981 to 1996, are in or are approaching their first-time homebuying years. Older millennials, meanwhile, are in the age-range for a move-up purchase. According to the CoreLogic® Loan Application Database, millennials made up 67% of first-time home purchase applications and 37% of repeat home purchase applications in 2021. Millennials have made up the largest share of home purchase mortgage applications since 2016, accounting for 51 percent of home-purchase mortgage applications in 2021, up five percentage points from 2019
As formerly unknown TikTok influencers become bigger drivers of brand sales, do old school celebrities with careers in music and acting have as much sway? In today’s Insight Flash, we look into performance of celebrity brands in both the US and UK, seeing how spend and average ticket trend versus industry averages as well as what celebrity brand demographics are like in the US.
With the Back-to-School season in the rearview mirror and the holiday season quickly approaching, we dove into category level analysis to try and understand the wider trends impacting retail. The combination of the wider reopening alongside a key Back-to-School shopping season in the summer drove a significant recovery for many brands and segments. The overall retail category saw significant strength in the summer with the 7-week period beginning the week of July 5th showing average weekly visit growth of 7% when compared to the equivalent weeks in 2019.
When a child in a household gets sick, there can be an looming sense of inevitably that someone else will be next. But, the risk of household transmission can vary by several factors. The contagiousness of the disease itself — think R0 — can play a big part, but so do qualities like preventative behaviors, family size and structure, and the ability and resources to isolate when sick.
Fable Data, the European transaction data platform based in London, has today released figures that show spending at UK petrol stations almost doubled during the peak of the crisis last Friday. Fable Data has analysed daily spending last week, using anonymised spend data from its panel of millions of consumers across Europe. Its analysis shows that the spike in UK fuel spending increased by 93% from last Friday compared with the average for the previous four weeks and remained elevated throughout the weekend.
Home equity – the difference between the value of a home and the amount of mortgage debt on the home – is an important component of overall household wealth. Changes in the amount of home-equity wealth will be primarily affected by growth in home values and pay down of mortgage loan balances. For the last few years, home-value appreciation has been the major creator of wealth.
On Tuesday September 28, 2021 Thor Industries, Inc. (THO) posted better-than-expected revenues of $3.59bn beating the consensus estimate of $3.3bn (-8%) and in the same direction as Advan's forecasted sales. The revenue was +54.6% YoY - Advan's foot traffic data captured an increase in employee foot traffic of +40% YoY at its manufacturing locations for Q4 fiscal 2021. As a result of beating the sales and EPS, the stock opened at $116.58, up +3.4% from its previous day's closing price and hit a high of $126.99 (+12.5%) shortly after the opening bell.
