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The Anchor

Placer.ai's Executive Industry Intelligence Report

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Apparel Retail: Idiosyncratic Success

This week brought improved results from specialty apparel retailers like Abercrombie & Fitch, Anthropologie, Free People, and Bath & Body Works.

Thomas Paulson
Aug 25, 2023

Department Stores: How Sephora Made Kohl’s Year

Kohl’s reported in-line results, with comparable-store sales down -5% but also significantly bolstered by beauty and Sephora. Kohl's brought its total Sephora at Kohl's base to 800 locations with more on the way, and sales reflect that growth.

Thomas Paulson
Aug 25, 2023

Department Stores: How Credit Clipped Macy’s

As Macy’s management had expected and planned for, Q2 2023 was a difficult quarter, with a decline in profits from $371M to $124M. Macy’s did experience a slight improvement in traffic during July and early August, from May, but overall, the results are still down.

Thomas Paulson
Aug 25, 2023

Dick's Sporting Goods: House of Sport Concept Looks Promising Despite Shrink/Markdown Concerns

When we last looked at the sporting goods retail category, it appeared that visitation trends had normalized following the pull-forward in demand that we saw during the pandemic but that Dick’s Sporting Goods was still outpacing its peers with respect to visitor acquisition and market share gains.

R.J. Hottovy
Aug 25, 2023

Dollar Tree: Taking in a Lot of Dollars, but Not a Lot Falling to the Bottom Line

The Q2 2023 results and market share gains by Dollar Tree and Family Dollar were impressive, with large unit market share gains for the brands and traffic outperformance.

Thomas Paulson
Aug 25, 2023

Off-Price: On Target During High Inflation & Signs of Loosening Consumer Purse Strings

We break down the Q2 2023 earnings reports from Off-Price leaders TJX Companies and Ross Stores. Both companies reported strong earnings and sales growth.

Thomas Paulson
Aug 21, 2023

Aldi: Winn-Dixie and Harveys Acquisitions Intensifies Competition in Southeast Battleground States

Aldi's acquisition of 400 Winn-Dixie and Harveys locations in the Southeast has the potential to increase its customer base by nearly 2.5x in Florida and 2.1x in Alabama.

Thomas Paulson
Aug 18, 2023

Superstores: Target’s Kitchen Sink Year & Walmart’s Ongoing Grocery Momentum

Target’s Q2 2023 update noted a constructive tone on the consumer while Walmart's indicated that discretionary spending was outpacing expectations and back-to-school was performing well.

Thomas Paulson
Aug 18, 2023

Sam’s Club: A Breakout Year

‍Sam’s Club comparable-store sales increases reflect visitation share gains in large markets due to investment in curbside pickup and delivery, and appealing to a younger, more affluent, family.

Thomas Paulson
Aug 18, 2023

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Elizabeth Lafontaine

Elizabeth Lafontaine most recently served as Chief Retail Analyst at EnsembleIQ, a B2B media and insights company in the retail space, where she helped to develop new thought leadership focused offerings and served as a presenter and author. She’s spent her career focused on serving the retail industry and its consumers and is also an alumnus of Circana, Stein Mart and Macy’s.

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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