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The Anchor

Placer.ai's Executive Industry Intelligence Report

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Meta Layoffs: The Economy’s Mojo Shifts to In-Person Consumption and Infrastructure

We don’t foresee the hiring freeze and layoff environment changing for the better until the 2H23. As such, we expect to see very large layoffs in digital services in early 2023.

Thomas Paulson
Nov 11, 2022

Consumer Cutting Back & Trading Down: Redux of Holiday 2018

We believe Holiday 2018 offers the best parallel to the coming season. If history repeats, November/December retail sales will see a stepdown from October’s pace.

Thomas Paulson
Nov 11, 2022

Outlooks from Other Mass Luxury Brands

The September-end quarter from Ralph Lauren, Capri (Michael Kors), and Tapestry (Coach, Kate Spade) were all better-than-feared and reflected stability in their U.S. businesses and re-investment for growth.

Thomas Paulson
Nov 11, 2022

DoorDash/Uber: Home Meal Delivery Surprisingly Resilient

In its quarterly update this week, Uber CEO Dara Khosrowshahi noted a sequential strengthening in October compared to 3Q22 and no sign of consumer weakness in the US or Europe.

Thomas Paulson
Nov 4, 2022

McDonald’s and Yum Brands: Two Companies Beating Inflation, Two Different Approaches

McDonald's and Yum Brands are both beating inflation. While McDonald’s may be utilizing its marketing prowess to drive visitation growth, Yum Brands is more focused on value.

R.J. Hottovy
Nov 4, 2022

Costco: October Comparable-Store Sales Update

Costco's October comparable-store sales (ex-gas) increased +6.1%, which was a deceleration from +8.0% in September. The three-year CAGRs were little changed MoM.

Thomas Paulson
Nov 4, 2022

October New Car Sales & Carvana’s Business

We took a closer look at Carvana's 3Q22 update to provide a view into what’s going on with used vehicle dealers. Units sold were down 8% (below), and average selling price (ASP) of $24K increased +3% YoY.

Nov 4, 2022

Estée Lauder: More Prestige Brands/SKUS Are Being Opened to Target and Kohl’s Versus Ulta and Sephora

Cosmetics has been one of the strongest performing categories in discretionary retail this year. Year-to-date, prestige beauty is the only industry that is growing in unit sales, per NPD.

Thomas Paulson
Nov 4, 2022

Ace Hardware: Visitation Trends Support Store Opening Plans

Ace Hardware has flown under the radar screen, and has been one of the pleasant surprises in the home improvement category. The brand's visitation trends have outperformed the home improvement retail category this year.

R.J. Hottovy
Nov 4, 2022

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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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