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The Anchor

Industry Intelligence for CRE and Retail

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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

Primark Shows No Shein Sheen

Primark's results revealed margins were back to pre-pandemic levels, and U.S. expansion continues on plan. For the period, Primark added three new stores, bringing its U.S. total to 24 stores.

Thomas Paulson
Apr 26, 2024

Dairy Queen: Winter Growth Takes the Cake

DQ introduced its seasonal cone dip flavor sometime in February – the DQ Confetti Cake Dipped Cone. Almost overnight, this limited offering took over social media – its virality and taste driving visits.

Elizabeth Lafontaine
Apr 26, 2024

Round1 Entertainment Expands with Spo-Cha Concept

Arrowhead Towne Centre in Glendale, AZ recently opened both a ROUND1 Bowling & Arcade as well as a Spo-Cha – where one pays a flat fee for 90 minutes to access multiple sporting activities.

Caroline Wu
Apr 26, 2024

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

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Elizabeth Lafontaine

RJ 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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