As we start September, it’s time we see what it takes to become a top-performing store.
Despite this August having less foot traffic than last year, both the furniture and mattress industry saw significant increases in their average ticket in June 2022.
This week we take a look at the top 20% of stores with the highest conversion rates in both the furniture and mattress industry to see how August played out.
THIS WEEK’S HIGHLIGHTS
- August in the furniture industry: Changes in traffic and increases in the average ticket.
- August in the mattress industry: How the mattress industry increased average ticket by 26%.
FOOT TRAFFIC INDEX
Here’s a look at last week’s foot traffic compared to the same time last year.
FOOT TRAFFIC TRENDS
Industry insights so you can convert your foot traffic into more sales.
August 2022: Furniture industry
August 2022: Mattress industry
Retail Snippets
Finding the line: How to find the right approach to customer data privacy.
New competition: China’s e-commerce giant Pinduoduo quietly launches U.S. shopping site.
Discount trend: Retailers take expensive measures to clear inventory ahead of peak season.
RANDOM IRRELEVANCE
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Banksy: Los Angeles Banksy mural worth over $16 Million USD hits auction block with an entire building attached.
Guide: How to easily add a Driver’s License to Apple Wallet.