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Mattress sales are soaring, bedding manufacture's activity confirms

Mattress sales are soaring, bedding manufacture’s activity confirms

It’s been a year now into full or partial lockdowns, social distancing rules and work from home as a result of the COVID crisis which unequivocally forced people to spend more time into their homes and consequently to change their shopping habits - reconsidering what is essential and therefore set new priorities on what to buy. One of the new essentials seems to be – not surprisingly – bedding products as people seek extra comfort at home.
2 minutes
Kroger store closures in Long Beach CA, what is behind it

Kroger store closures in Long Beach CA, what is behind it

One of the most popular use cases of location data for landlords and developers is the site selection. Another more popular for Real Estate investors, Private Equity firms and retailers is monitoring of the performance of their assets/stores. On a recent article published by Kate Gibson, Kroger, one of the most prominent grocers in the US, is expected to shut down two California stores to avoid offering workers ‘hazard pay’. Both of these stores are located in the Long Beach area, one is under the Ralph’s franchise while the second one under Food 4 Less(both brands are Kroger subsidiaries).
3 minutes
Carmakers are facing a new challenge: Chip Shortages

Carmakers are facing a new challenge: Chip Shortages

After the lockdown last spring that forced manufacturers from all sectors to halt production, auto makers now have to face another challenge: the global chip shortage due to the high demand on consumer electronics (laptops, gaming consoles, TVs etc.). The increased need for the technology devices along with the initial lockdowns and employee furloughs overwhelmed chipmakers and now are struggling to keep up with the surge in orders. Another factor was the faster than anticipated recovery in the second half of 2020 as several manufacturers in the sector ramped up the car production to rebound from the spring’s shutdowns and increase the chance of hitting the year’s target.
2 minutes
Taking GameStop (GME) Back to the Fundamentals

Taking GameStop (GME) Back to the Fundamentals

GameStop Corp (NYSE: GME) has been the focus of the investment community for the last couple days and for a justifiable reason. A lot has been written about the technicals of the trade and the various market participants, how they affect the supply and demand and drive the stock price. But we have decided to spin it a different way and look at the fundamentals of the issuer. This is our second blogpost about GME, our first one back in October 2019 explored the misconceptions that can result from using location data incorrectly.
3 minutes
Miami Hotels Saw 40% Increase in Visitors over Holiday Season

Miami Hotels Saw 40% Increase in Visitors over Holiday Season

Foot traffic analysis for hotels around the US showed vastly different trends over the holiday season. Compared to the first week of November, hotels in Florida saw a foot traffic uptick of 20% in the week of December 22 - 28, and up 40% in the week between Christmas and New Year, as Americans flocked to warmer climates. Colorado hotels also saw a healthy increase in traffic of 19% in the final week of the year as skiers took to the slopes over the holidays.
2 minutes
The Top 5 Mobility Trends for 2020

The Top 5 Mobility Trends for 2020

What a year it’s been! Few people will be sad to see it go and certainly here at Advan we are excited for what 2021 may bring. To cap off the year, we’ve listed below what we think are 5 of the most interesting mobility trends in a year full of unexpected twists and turns. We look forward to more next year! Wishing you a restful holiday season! Advan’s Top 5 Mobility Trends of 2020
5 minutes
Consumer Discretionary Businesses see Light at the End of the Tunnel

Consumer Discretionary Businesses see Light at the End of the Tunnel

There is no question that a segment of retail has moved online this year. Offline (i.e.in-store) credit and debit card spending is down 15% year-over-year versus total spend according to transaction data from ConsumerEdge. Foot traffic at consumer discretionary store locations is also 20% lower year-over-year than foot traffic to production locations for consumer discretionary retailers. These parallel trends show us that foot traffic trends at store locations closely reflect offline spending, while traffic at production facilities gives us a window into total spend - both online and offline.
2 minutes
Airport Foot Traffic Shows 99% Correlation with TSA Screened Traveller Numbers

Airport Foot Traffic Shows 99% Correlation with TSA Screened Traveller Numbers

Advan analysis of footfall at US airports shows a gradual upward trend in traveller numbers, although volumes still remain significantly depressed compared to March. Comparison with TSA screened passengers shows a very high correlation over time, of over 99%. This means that foot traffic data provides almost 100% confidence in showing the number of travelers passing through airports in the US. Follow us on Twitter and LinkedIn .
One minute
Foot Traffic Data Signals Upward Trend for Hotel Revenues

Foot Traffic Data Signals Upward Trend for Hotel Revenues

After months of travel restrictions and lockdown, there is some hope on the horizon for hotel chains such Hilton. Foot traffic is a very accurate measure of performance for hotels, as well as for cash-heavy businesses such as casinos. For such type of companies tracking performance by transaction data is tricky, due to the fact that the booking date is different than the visit day and hotels have to book the revenue when the patrons visit the hotel, not when they book it (by GAAP standards).
2 minutes
Black Friday Suffers Pandemic Blues

Black Friday Suffers Pandemic Blues

Malls around the US suffered a significant blow during what is usually the busiest shopping weekend of the year. Foot traffic was down 41% year-over-year on Black Friday and 45% on Saturday. As we reported in our blog post last week, there was a pick-up in traffic during the first three weeks of November as many people opted to take care of their shopping sooner, in order to beat the rush and in anticipation of lock-down orders across the country.
2 minutes