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The Anchor

Industry Intelligence for CRE and Retail

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"Fun" Versus "Stuff": Peak Fun was Last Year for Most, but Affluent Consumers Continue Unabated

We believe that 2024 will see spending on goods and services balance out. To provide an affirmation that macro view, we looked at a number of earnings reports from “fun-providers.”

Thomas Paulson
May 3, 2024

Chipotle: Staffing Matters

Chipotle’s Q1 2024 update featured a number of positives, including visitation trends that outperformed the broader restaurant category and strong contribution from new store openings.

R.J. Hottovy
May 3, 2024

Medtail: Healthcare Facilities Entering Retail Spaces

As shopping centers continue to evolve their tenant mix with dining, entertainment, and services, healthcare is one category with potential to provide distinct benefits to the customer.

Caroline Wu
May 3, 2024

Formula 1: U.S. Grand Prix Expansion Winning Key Visitor Segments

Formula 1 is once again ready to take the track in the United States. We break down visitor demographics and consumer behavior for the Miami Grand Prix and U.S. Grand Prix.

Elizabeth Lafontaine
May 3, 2024

E-Commerce: Can't Get Past the Pandemic Comparisons

‍Amazon reported stronger-than-expected results this week, driven by stable growth for retail and advertising and a reacceleration in growth in Amazon Web Services. What does fulfillment center foot traffic say?

Thomas Paulson
May 3, 2024

Warehouse Clubs: Finding the Perfect Timing

Bulk is big business in the U.S. retail market, and clubs have found a way to deliver on a combination of value, convenience and experience, and sometimes $1.50 hot dogs.

Elizabeth Lafontaine
Apr 26, 2024

Kroger’s Update on the Merger and Albertson’s Update on Market Conditions

In response to the Federal Trade Commission's opposition to the Albertsons and Kroger merger, the two chains have added 166 more stores to the initial list of 413 locations to be sold to C&S.

Thomas Paulson
Apr 26, 2024

Tractor Supply: Smaller Markets and Big-Ticket Items

After posting a decline in comparable-store sales in the second half of 2023, Tractor Supply's comparable-store sales increased +1.1% in Q1 2024 due to a substantial improvement in traffic.

Thomas Paulson
Apr 26, 2024

JD Sports: Making Power Shot on the U.S. by Acquiring Hibbett Sports

JD Sports management cited several reasons for making the proposal, including a complementary store footprint, complementary brand partnerships, and increased scale benefits.

Thomas Paulson
Apr 26, 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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