High-level findings Total visits to stores on Black Friday in 2023 decreased by approximately 21.51% compared to 2019. This likely represents a decrease of $1.6 billion of in-store purchases. Compared to last year (2022), 2023 Black Friday visits were down by…
Christmas Retail Industry Trends By the Numbers in 2023
The long-awaited holiday season is just around the corner. After some difficult years for the retail sector during the pandemic and the Russia-Ukraine war, the retail industry must now face cost-sensitive consumers during a cost-of-living crisis and inflation. While retailers can’t…
Retail Operations: Best Practices for Operational Efficiencies
Retail operational efficiency is a driving force of successful stores. It can make or break the shopping experience for customers and can decide the fate of your bottom line. By embedding best practices into your store operations, from inventory management to…
pass_by Partners With Stanford University & NeuralProphet to Build Revolutionary AI-Powered Foot Traffic Model
Key Takeaways: In today’s fast-paced retail industry, data-driven decision making has become the norm for retailers of all sizes. The issue though, is that data signals can still be inaccurate at scale. This poses a problem to an industry with increasingly…
How to Start a Successful Pop-Up Shop: From Concept to Cash
Pop-up shops are a new way for customers to find, enjoy, and purchase your products. For new business owners or established retailers, a pop-up shop is an effective additional form of revenue and an addition to your retail marketing strategy. But…
Halloween 2023: In-depth Data Analysis for the Retail Industry in October
Americans spend billions of dollars on Halloween costumes, decorations, and candy each year, but Party City is going bankrupt. As 20% of Party City annual sales come from Halloween, are businesses still benefiting from Halloween? See our analysis of foot traffic…
Retail Business Intelligence: A Comprehensive Guide
Retail business intelligence (BI) is a powerful tool for modern retailers to stay ahead of the curve and deliver value. It can help you improve sales in-store, customer experience, and inventory management. Retail BI is changing the game by making analytics…
What is Geospatial Data and How to Get It
Geospatial data empowers businesses and organizations to make informed decisions, understand the rise and fall of sales, and locate opportunities. Understanding it and how best to use it opens the door to more detailed analysis and understanding of consumer behavior. At…
Retail Void Analysis: Step-by-Step Guide to Finding the Gaps
Void analysis in retail finds gaps in locations for a potential business or organisation to fill. Complete an analysis to discover optimized brick-and-mortar locations to start or move a business, franchise, or service. Advanced void analysis uses location data tools for an enhanced…
How to Find Tenants: 10 Ways to Fill a Retail Vacancy
No one likes to see a vacancy in a shopping mall or any commercial space. Filling them quickly is important, but so is choosing the right tenant for the best tenant mix and resolving the vacancy with as little disruption as possible. …