National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Retail Continues Q1 Momentum into Q2
The positive retail momentum observed in the first quarter of 2024 continued into Q2, Placer.ai reports in a new white paper. Stabilizing prices and a strong job market led to cautious optimism among consumers. Year-over-year retail foot traffic remained elevated throughout the quarter, notably in June, which saw significant weekly visit boosts ranging from 4.7% to 8.5%.
On a quarterly basis, overall retail visits rose 4.2% in Q2. And diving into specific categories shows that value continued to reign supreme, with discount and dollar stores seeing the most robust Y-O-Y visit growth (11.2%) of any analyzed category.
Titled Q2 2024 Retail & Restaurant Review, the white paper delves into how discount and dollar stores, grocery chains, fitness clubs, superstores, home improvement and furnishing chains, and restaurants fared during the quarter.
Among other topics, it discusses key trends that shaped consumer behavior during Q2, which leading dollar and grocery chains outperformed category averages, whether fitness clubs are still on an upward visit trajectory and how QSRs’ performance stacked up against that of fast-casual and other restaurant categories.
- ◦Economy
