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Retail at 2023’s Midpoint: Who’s Winning?
For the retail sector, 2022 ended up as a challenging year despite a strong showing by many players, Placer.ai reports. The current year began well compared to the Omicron-plagued early weeks of 2002, then faltered as spring began, only to rally in June as foot traffic turned positive on a year-over-year basis.
“Could we be starting to see the fruits of the efforts many brands and industries have made to drive traffic and position themselves for long-term growth?” Placer.ai asks in a new white paper, Retail at the Halfway Point of 2023.
The report highlights some of the retail successes of the first half of 2023 and the biggest trends to follow as H2 progresses. Using location intelligence, Placer.ai evaluated the impact of the heightened demand for health and wellness across categories; analyzed the ongoing strength of value-focused retailers; examined the location analytics behind some major retail real estate takeovers; and revealed the connection between return-to-office trends and local retail patterns.
- ◦Economy
