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The Anchor

Placer.ai's Executive Industry Intelligence Report

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Street Food and Food Halls: The Lure of Authenticity in Ethnic and Regional Cuisines

As American palates have become more adventurous and interest in regional cuisines has exploded, more authentic flavors - Sichuan, Oaxacan, or Neopolitan are taking center stage.

Caroline Wu
May 19, 2023

The Home Depot: Pro Customer Weakness Sounds Alarms, but Several Demand Drivers Remain Intact

Home Depot’s 1Q 2023 update sounded alarm bells for retail industry, residential real estate, and the economy in general, as the retailer reported weaker-than-expected results.

R.J. Hottovy
May 19, 2023

Walmart and Target: Retaining Connections with Households Despite Less Spending

Walmart drove a +7.4% comparable-store sales increase during Q1 2023 with grocery being the driver. On its 1Q 2023 update call, Target noted pressure from inflation and rising interest rates affected retail spending.

Thomas Paulson
May 19, 2023

TJX and Ross Stores: Great Values on Desired Brands is in Fashion for All Consumers

TJX’s Marmaxx division (T.J. Maxx and Marshalls) posted a strong comparable-store sales of +5%, Ross Stores reported a +1% increase in comparable-store sales, with the comparable average ticket coming in flat year-over-year.

Thomas Paulson
May 19, 2023

Athletic Footwear: Air Pocket Ahead

The industry still has a glut of inventory which has resulted in a large pull-forward of demand leading up to Foot Locker's reported large earnings miss and guide down this week.

Thomas Paulson
May 19, 2023

Better Visibility: Positive Reports from Prescription Eyewear Retail

This week, LensCrafters, America’s Best, and Warby Parker all reported a better start to 2023 after 2022 had been a difficult year due to comparisons to a large pull-forward of demand during 2021.

Thomas Paulson
May 12, 2023

Preview of Discretionary Retailer Earnings: Readthroughs from Dillard's & Tapestry

In its Q1 2023 earnings Dillard's reported a -4% comparable-store sales decline and -170 basis points of gross margin pressure. Visit data shows a softer second half of Q1 2023 on a YoY basis.

Thomas Paulson
May 12, 2023

Redux of Thrift Stores: In Style When Food Inflation Is Hot

thredUP – the online resale/circular service provider for brands like REI, Patagonia, and others – reported an improved trajectory in its business and raised its guidance for the year.

Thomas Paulson
May 12, 2023

Grocery Outlet: Where Consumers Are Headed

Grocery Outlet reported strong Q1 2023 results this past week as consumers continue to seek out value. Comparable-store sales increased +12.1%, building upon last year’s +5.2%.

Thomas Paulson
May 12, 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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