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The Anchor

Industry Intelligence for CRE and Retail

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Consumer Spending: Affluent Are Back, Less-Affluent Curtailed

A couple of weeks ago, we wrote about credit deterioration impact the less affluent. This week brought the Q1 2024 results from Capital One and Synchrony which gave a clearer look into these trends.

Thomas Paulson
Apr 26, 2024

Q1 GDP and March PCE: Economic Strength & More Spending on Stuff

GDP increased at an annual rate of +1.6% quarter-over-quarter, which was slower than +3.4% in Q4 2023. This reflects January’s weather, lower inventory, exports, and government spending.

Thomas Paulson
Apr 26, 2024

C-Stores: Prepared Foods Entice and Delight Visitors

C-stores continue to innovate and perform at a high level. We examine how dwell times have been impacted by blurring the lines between grocery, QSR and traditional convenience models.

Elizabeth Lafontaine
Apr 19, 2024

Home Improvement: Harbor Freight and Ace Hardware Drive Outperformance through Smaller Markets

We dive into the data for a wide range of retailers in the home improvement retail category to uncover how smaller-box stores are faring in smaller markets and with smaller real estate footprints.

R.J. Hottovy
Apr 19, 2024

Carmax: Used Car Demand Stabilizing

Quarterly results from Carmax revealed that vehicle affordability challenges continued to impact sales. How has visitation to the used car giant been impacted and will the chain hold onto market share?

Thomas Paulson
Apr 19, 2024

LVMH: Aspirational Consumer Trends Gradually Improving, Positive for Department Stores

We explore how improved spending trends for the aspirational luxury and the more affluent consumer has affected department store traffic and visitation to other luxury brands.

Thomas Paulson
Apr 19, 2024

Outdoor Voices: Once High-Flying DTC Brand Abruptly Closes Physical Stores

As Outdoor Voices abruptly closes all physical stores, we take a closer look at the foot traffic and location analytics for several locations in order to better understand the chain's struggles.

Caroline Wu
Apr 19, 2024

Box Office Update: Waiting for Q4 2024

The Q1 2024 box office was soft given a lower number of wide releases which stems from last year’s Hollywood strikes, and it won’t be until the Q4 holiday period that releases start to ramp up.

Thomas Paulson
Apr 19, 2024

Dog Park Bars: When Things Get "Ruff", it's Nice to Have your Doggy Sidekick

Commercial real estate is constantly coming up with new concepts. Dog park bars like Bark Social and Fetch Park are capitalizing on pet owners’ love for socializing and their dogs.

Caroline Wu
Apr 19, 2024

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Elizabeth Lafontaine

R.J. Hottovy

Head of Analytical Research, Placer.ai

R.J. Hottovy, CFA has covered the restaurant, retail, and e-commerce sectors for 20 years as an equity analyst and strategist for Morningstar, William Blair & Co., and Deutsche Bank. R.J. also brings a wealth of experience with early-stage investments as a committee member for the IrishAngels / Vitalize venture capital group. Over the past three years, he advised over 50 food service companies on more than $200 million in early-stage capital raises and M&A transactions.

Thomas Paulson

Director of Research and Business Development, Placer.ai

Thomas Paulson spent 20 years as a Wall Street analyst and a member of asset management teams at AllianceBernstein and Cornerstone Capital, representing top-50 ownership positions including Target, Home Depot, Nike, Amazon, Google, and many more. He brings consumer related expertise and knowledge of enterprises in retail, CPG, financial services, telecom, and entertainment.

Caroline Wu

Director of Research, Placer.ai

Caroline brings expertise in retail, CRE, entertainment, media, CPG, and tourism, and specializes in synthesizing broad datasets into actionable recommendations for growth. She has worked as the US Director of Consumer Insights at Unibail-Rodamco-Westfield, VP of Retail Insights and Intelligence at Omnicom, and Senior Director at Kantar. Caroline holds an MA in Sociology from Stanford University and a BA in International Relations from Stanford University.

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