Retail Traffic Trends #103: Discover the latest consumer trends!

Regardless of where consumer habits bring people to shop, whether that be online or in-store, consumers are demanding consistently great retail experiences.

This week we discuss evolving consumer habits and why conscious purchases are on the rise.

THIS WEEK’S HIGHLIGHTS

  • Impulse buys reach new heights: Why consumers are spending more on impulse purchases.
  • Evolving consumer habits: consumers are demanding consistently great retail experiences.
  • Privacy concerns: Google reaches record $392M privacy settlement over location data

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

Evolving consumer habits

Regardless of where consumer habits bring people to shop, whether that be online or in-store, consumers are demanding consistently great retail experiences.

 

A recent survey by Ris news asked retailers what they think can be done to keep up with the ever-changing consumer habits. Some of the major takeaways included improving inventory visibility, empowering workers with technology, and becoming a master of the return process.

 

Today, about 30% of all products ordered online are returned, compared with only 8.9% bought in brick-and-mortar stores. According to a Peerless Research Group study, only 32% of retailers have any formal process for managing returns. By managing returns efficiently, you can reduce transportation and labor costs, enabling higher recovery of returned and excess inventory.

 

Click HERE to learn more about how to keep up with the ever-changing trends.

Conscious Purchases

A recent report found that 57% of shoppers will spend the same amount or more during this year’s Black Friday and Cyber Monday than in 2021.

 

The survey also found that 40% of consumers are willing to pay extra for climate-conscious products this holiday. Nearly two-thirds of shoppers (63%) would also recommend a product if they think it isn’t very harmful to the planet.

 

Even with the price of goods increasing, consumers are willing to spend extra if it means the product is beneficial to the environment.

 

Click HERE to learn more about the recent surge in conscious purchases.

Retail Snippets

Privacy concerns: Google reaches record $392M privacy settlement over location data.

 

Report: Target earnings miss by a mile amid significant change in consumer shopping patterns.

 

Holiday hiring: Self-checkout now comprises nearly 40% of grocery checkout options.

RANDOM IRRELEVANCE

Purple tomato: Highlights From NASA’s Artemis Moon Rocket Launch.

 

Safe-crossing: Wildlife Migration Corridors soon to allow wildlife to cross highways safely.

 

Jupiter opposition: Microsoft Teams now has Solitaire and Minesweeper in games for work push.

Read More

Retail Traffic Trends #102: October Metrics are in!

As we start November, it’s time we see what it takes to become a top-performing store.

 

Despite this October having less foot traffic than last year, both the furniture and mattress industry saw significant increases in their average ticket in October 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 October played out.

THIS WEEK’S HIGHLIGHTS

  • October in the furniture industry: Changes in traffic and increases in conversion rate.
  • October in the mattress industry: How the mattress industry increased average ticket by 11%.
  • Gone missing: Free returns may soon be a thing of the past.

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

Week 40 Retail Foot traffic 2022

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

October 2022: Furniture industry

October 2022 furniture industry performance metrics

October 2022: Mattress industry

October 2022 mattress industry performance metrics

Retail Snippets

Finding the line: How current World events have impacted the retail industry.

 

Gone missing: Free returns may soon be a thing of the past.

 

Report: 74% of Millennials Would Like Pre-Owned Gifts.

RANDOM IRRELEVANCE

Blood moon: The best images from the total lunar eclipse from Tuesday night.

 

Mattress Mack: ‘Mattress Mack’ scores $75 million payday with Astros’ World Series victory.

 

New discoveries: Eggo Waffles Puts Its Spin on Egg Nog.

Read More

Retail Traffic Trends #101: Is AI in retail a gimmick or a game-changer?

While AI was once a far-fetched idea, companies such as Dal-e have proven the power of AI through their text-to-image generator.

 

But how far is AI from becoming a valuable asset for the retail industry?

 

This week we diverge into the future of the industry and how to keep your store secure in the new world of retail.

THIS WEEK’S HIGHLIGHTS

  • Foot traffic trends: How last week’s foot traffic compared to the same time last year.
  • Store Security: Managing customers through software, not hardware.
  • AI in retail: Gimmick or Game-changer?

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

Week 43 Retail Foot traffic 2022

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

How To Secure The New World Of Retail

The retail sector has been challenged to transform over the past few years and now faces a new wave of cybersecurity threats. 

 

Stores across the country have been forced to scale and digitize their infrastructure and operations rapidly while complying with new data and privacy laws and contending with a growing wave of sophisticated cybersecurity attacks.

 

Unfortunately, the systems that built the industry were never architected to handle the mass network distribution and heavy shift to e-commerce that occurred during COVID.

 

A recent study by Forbes found 3 simple ways to secure your company against Cyber security threats:

 

  1. Manage customers through software, not hardware.
  2. Boost team skillsets so you can fully embrace the cloud.
  3. Seize the opportunity to become a true market leader.

AI in retail: Gimmick or Game-changer?

While AI was once a far-fetched idea, companies such as Dal-e have proven the power of AI through their text-to-image generator.

 

Automation, data, and technology, like machine learning algorithms, are used in retail AI to give customers highly customized shopping experiences.

 

By 2028, the global AI in retail market size is expected to reach $24.1 billion. The growth comes from the endless amount of possibilities AI brings into the market, such as COVID-19 impact analysis, higher supply chain capabilities, higher efficiency in saving cost and optimizing the experience for customers.

 

While that all sounds amazing, only time will tell how long it will take for AI to meet these insane expectations.

Retail Snippets

2023 and beyond: Top three retail industry trends of 2022 & 2023.

 

Retail tech: UPS and FedEx rate increases are coming. Here’s how shippers can prepare.

 

Helping hand: How retailers can help consumers with the stress of moving.

RANDOM IRRELEVANCE

Beaver Blood Moon: Everything you need to know about the Beaver Blood Moon lunar eclipse in 2022.

 

Tourists’ resurface: Shocking 439-million-year-old “Shark” forces scientists to rethink the timeline of evolution.

 

Watch: Five ways to attract winter wildlife to your garden.

Read More

Retail Traffic Trends #100: The Final Word on Retail Trends

Retail Traffic Trends #100

After 99 weeks of providing retail trends, we are proud to release the 100th edition of Retail Traffic Trends.

Going back to our roots of reporting foot traffic trends, this week we discuss the re-emergence of in-store shopping during the holiday season and talk about all things new to Doorcounts in the coming weeks.

THIS WEEK’S HIGHLIGHTS

  • Skip the line: Why advanced checkout tech is surging.
  • In-Store shopping: The in-store rush is right around the corner.
  • New to Doorcounts: The latest update on all things Doorcounts.

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

Week 42 Retail Foot traffic 2022

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

Doorcounts update

As part of our ongoing upgrading of Doorcounts infrastructure, we will be upgrading one of our servers on Monday, October 31.

 

You shouldn’t see any differences in function or performance. The only thing you will notice is that we are disconnecting the in-app chat feature. In the following weeks, we will be re-implementing a new chat feature that will be more helpful! Not to worry you can still submit support tickets or chat with support at support@doorcounts.com.

In-Store shopping is In again

Despite the rise of e-commerce shopping over the last few years, a shift is right around the corner.

A recent JLL survey of over 1000 consumers discovered that 63.2% of consumers plan to do at least some of their shopping in stores this year, up from 58% in 2021.

This is followed by 55.3% who plan to shop with an online-only retailer and 49.1% ordering online from a brick-and-mortar store.

Among the main reasons why customers want to shop in stores for the holidays are to see products before buying them (54.5%), enjoy the ambiance of the store (36.9%), and avoid shipping costs and delays (32.7%), the survey found.

Retail Snippets

Skip the line: Advanced checkout tech is surging among c-stores.

 

Retail tech: Different ways to personalize your site for today’s consumers.

 

Helping hand: How retailers can help consumers with the stress of moving.

RANDOM IRRELEVANCE

False advertising: Is Barilla really ‘Italy’s No. 1 brand of pasta?’ A lawsuit says no.

 

Tourists’ resurface: Tourists stranded underground at Arizona’s Grand Canyon Caverns are back on the surface.

 

UFO watchdogs: NASA announces team of scientists who will study mysterious ‘UFO’ events in the sky.

Read More

Retail Traffic Trends #99: What September’s retail sales mean for the holidays

What do September’s retail sales mean for the holidays?

A small but notable 11.5% rise in e-commerce during the month suggests that people are shopping early for the holidays, which research shows is, for some, to help stretch strained budgets.

This week we discuss what to expect this holiday season and announce our newest Doorcounts integrations.

THIS WEEK’S HIGHLIGHTS

  • Retail tech: Retail Tech offers renewed potential and optimism for the industry.
  • Holiday predictions: How stores are utilizing the overload of data.
  • Doorcounts + Furniture Wizard: U.S. retail sales are expected to grow 7.1% this holiday season.

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

Week 41 Retail Foot traffic 2022

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

Doorcounts + Furniture Wizard

Doorcounts and Furniture Wizard integration announcement

We are pleased to announce our new integration with Furniture Wizard!

 

You can now automate the flow of sales data from Furniture Wizard into Doorcounts.

 

If you are a furniture Wizard customer and are looking to integrate with Doorcounts, email our Support Team at support@doorcounts.com.

What September’s retail sales mean for the holidays

Consumers are spending and shopping early, but inflation is still squeezing their pockets.

Retail sales rose 7.1% in September in the segments followed by Retail Dive (which doesn’t include grocery, gas, or restaurants). Overall inflation also remained stubbornly high in the month at 8.2%, so, while consumers are spending, they’re getting less for their money, and volumes are therefore down in many categories.

A small but notable 11.5% rise in e-commerce during the month suggests that people are shopping early for the holidays, which research shows is, for some, to help stretch strained budgets.

A recent survey predicts that a quarter of holiday shoppers planned to begin before September 30 and a half are set to begin before October 31,” Bankrate Senior Industry Analyst Ted Rossman said in emailed comments.

Retail Snippets

Holiday rush: U.S. retail sales are expected to grow 7.1% this holiday season.

 

Retail tech: Retail Tech offers renewed potential and optimism for the industry.

 

A new order: U.S. retailers fill store shelves with leftover holiday inventory.

RANDOM IRRELEVANCE

Space travel: NASA’s Webb takes a star-filled portrait of Pillars of Creation.

 

Mosquito Magnets: Some people really are mosquito magnets, and they’re stuck that way.

 

New locations: Starbucks India launches first Reserve store.

Read More

Retail Traffic Trends #98: September Metrics are in!

As we start October, it’s time we see what it takes to become a top-performing store.

Despite this September having less foot traffic than last year, both the furniture and mattress industry saw significant increases in their average ticket in September 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 September played out.

THIS WEEK’S HIGHLIGHTS

  • September in the furniture industry: Changes in traffic and increases in the average ticket.
  • September in the mattress industry: How the mattress industry increased daily revenue by 10%.

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

Week 40 Retail Foot traffic 2022

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

September 2022: Furniture industry

September 2022 furniture industry performance metrics

September 2022: Mattress industry

September 2022 mattress industry performance metrics

Retail Snippets

Finding the line: How current World events have impacted the retail industry.

 

Credential harvesting: Credential harvesting is the retail industry’s top threat.

 

Customer-centric: How customer-centric technology is reshaping the retail industry.

RANDOM IRRELEVANCE

Copyright showdown: Andy Warhol’s portraits of Prince get their 15 minutes of fame in Supreme Court copyright showdown.

 

Near-miss: NASA’s DART alters asteroid’s course in ‘watershed moment for humanity’.

 

New discoveries: Lake Mead water crisis is exposing volcanic rock from eruptions 12 million years ago.

Read More

Retail Traffic Trends #97: Retail vs. Ransomware

Over the last year, 55% of retail respondents reported an increase in the volume of cyberattacks, 55% reported an increase in attack complexity, and 51% reported an increase in the impact of attacks on their organization.

This week we discuss the latest in retail theft and what you can do to prevent loss.

THIS WEEK’S HIGHLIGHTS

  • Retail vs ransomware: Everything you need to know to protect your store.
  • Computer vision: How stores are utilizing the overload of data.
  • Holiday rush: U.S. retail sales expected to grow 7.1% this holiday season.

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

Week 39 Retail Foot traffic 2022

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

Retail vs. Ransomware

A new State of Ransomware in Retail 2022 report from Sophos found that retail had the second highest rate of ransomware attacks last year of all sectors surveyed after the media, leisure, and entertainment industry.

 

Globally, 77 percent of retail organizations surveyed were hit—a 75 percent increase from 2020. This is also 11 percent more than the cross-sector average attack rate of 66 percent.

 

Over the last year, 55% of retail respondents reported an increase in the volume of cyberattacks, 55% reported an increase in attack complexity, and 51% reported an increase in the impact of attacks on their organization. 

Computer vision meets retail

Retailers who successfully leverage computer vision with diagnostic, proactive, and predictive analytics are gaining the much-needed competitive edge.

Computer vision provides video and audio for additional context, complementing other types of data. No matter if you are at your store for 9 hours a day, or an hour a week, it is impossible to see everything the way artificial intelligence can comprehend every second of the day.

The combination of foot traffic data and AI allows you to not only see exactly how long a customer was in a store, but you can see exactly where customers are spending their time.

Retail Snippets

Holiday rush: U.S. retail sales expected to grow 7.1% this holiday season.

 

Employee first: REI commits to closing stores on Black Friday forever.

 

A new order: Tupperware moves from living rooms to Target stores.

RANDOM IRRELEVANCE

Space travel: A Russian cosmonaut launches from the US for the first time in 20 years, alongside NASA and Japanese astronauts.

 

Unified port: EU passes resolution to standardize USB-C charging for smartphones by the end of 2024.

 

Goodwill: Another Goodwill resale site launches as the market takes off.

Read More

Retail Traffic Trends #96: Customer loyalty – The next level

Over the last year, retailers lost over $94.5 billion due to retail shrink.

Retailers across the country are struggling to find a middle ground between preventing theft and improving the in-store experience.

THIS WEEK’S HIGHLIGHTS

  • A new approach to furniture sales: Why consumers are spending more on impulse purchases.
  • Retail Theft: Retailers resort to a heavy-handed approach to retail theft.
  • Customer Loyalty: Examples of email personalization that drive passionate customer loyalty.

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

Week 38 Retail Foot traffic 2022

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

From Bean Bag to Money bag

Over the last few years, Lovesac has begun taking over the furniture industry. Lovesac went from selling bean bags to nearing $500M in sales this year.

How did they do it?

Shawn Nelson, Lovesac’s founder and CEO, started just producing the sacs for friends, but within a few years, he and his business partner Dave Underwood were taking orders from a major retailer.

A single order of 12,000 units for the retailer — Limited Too — forced Lovesac to create its factory and take its business to the next level.

Fast forward to last year, Lovesac grew its net sales by over 55% in 2021 to $498.2 million, while its comparable sales grew by 46.9% year-over-year.

Retailers resort to a heavy-handed approach to retail theft

Over the last year, retailers lost over $94.5 billion last year due to retail shrink.

Retailers across the country are struggling to find a middle ground between preventing theft and improving the in-store experience.

Measures to stop theft, such as locking products up or adding alarms, have introduced friction into the buying journey as customers have to wait for staff to unlock cabinets or retrieve items from storerooms.

Then on the flip side, attempts to simplify the shopping experience may actually facilitate theft.

Despite the friction it may cause, More retailers have turned to locking items up or shifting inventory to stockrooms to keep shoplifters from snatching items off shelves.

Retail Snippets

No concern return: Walmart introduces ‘no concerns’ returns including home pickup.

 

Customer loyalty: Examples of email personalization that drive passionate customer loyalty.

 

Peak season success: Inventory best practices for peak season success.

RANDOM IRRELEVANCE

Childhood nostalgia: McDonald’s is selling Happy Meals to adults — with a twist.

 

DART: See the first eerie NASA images of DART’s asteroid crash site.

 

Uncovering Hidden Patterns: AI reduces a 100,000-equation quantum physics problem to only four equations.

Read More

Retail Traffic Trends #95: How are consumer habits changing?

changing consumer habits

Regardless of where consumer habits bring people to shop, whether that be online or in-store, consumers are demanding consistently great retail experiences.

This week we discuss evolving consumer habits and why impulse buys have reached an all-time high in the U.S.

THIS WEEK’S HIGHLIGHTS

  • Impulse buys reach new heights: Why consumers are spending more on impulse purchases.
  • Evolving consumer habits: consumers are demanding consistently great retail experiences.
  • Holiday hiring: Why remote work and quiet quitting may make holiday hiring difficult for retailers.

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

changing consumer habits

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

Evolving consumer habits

Regardless of where consumer habits bring people to shop, whether that be online or in-store, consumers are demanding consistently great retail experiences.

 

A recent survey by Ris news asked retailers what they think can be done to keep up with the ever-changing consumer habits. Some of the major takeaways included improving inventory visibility, empowering workers with technology, and becoming a master of the return process.

 

Today, about 30% of all products ordered online are returned, compared with only 8.9% bought in brick-and-mortar stores. According to a Peerless Research Group study, only 32% of retailers have any formal process for managing returns. By managing returns efficiently, you can reduce transportation and labor costs, enabling higher recovery of returned and excess inventory.

 

Click HERE to learn more about how to keep up with the ever-changing trends.

Impulse buys reach new heights

Even as the cost of living surges and more consumers say they are stretched too thin, they’re also spending more on impulse purchases.

 

With the help of “revenge shopping”, Americans spend an average of $314 a month on impulse purchases, up from $276 in 2021 and $183 in 2020. In fact, A recent survey by Slickdealsfound that 73% of adults said most of their purchases tend to be spontaneous, and 56% of consumers said that more than half of their online purchases are spontaneous.

 

Not only has revenge shopping played a role in impulse purchases, but BNPL has played a major role in encouraging consumers to spend more than they can afford on impulse purchases.  Almost 50% of shoppers say they wouldn’t have made the same purchase if they didn’t have the option to finance. 

 

Click HERE to learn more about the recent surge in impulse purchases.

Retail Snippets

Retail automation: A quick guide to retail marketing automation and how to make It work for your business.

 

Report: Halloween retail industry predicts a return to normal.

 

Holiday hiring: Why remote work and quiet quitting may make holiday hiring difficult for retailers.

RANDOM IRRELEVANCE

Purple tomato: A GMO purple tomato is coming to grocery aisles. Will the US bite?

 

Tesla clone: China has a new Tesla clone, and it starts at just $26,000.

 

Jupiter opposition: Jupiter to reach opposition, the closest approach to Earth in 59 years!

Read More

Retail Traffic Trends #94: Introducing Retail’s 40 under 40!

Just as the global supply chain flashes signs of returning to normal, a new strike now threatens to disrupt the transport of a vast range of goods.

 

This week we diss the pending railroad strike and celebrate those who made their mark in the furniture industry this year.

THIS WEEK’S HIGHLIGHTS

  • Pending railroad strike: What to expect leading up to the pending railroad strike.
  • 40 under 40: Introducing the furniture industry’s 40 under 40.

FOOT TRAFFIC INDEX

Here’s a look at last week’s foot traffic compared to the same time last year.

CLICK HERE to subscribe to Daily Foot Traffic Index

Week 34 Retail Foot traffic 2022

FOOT TRAFFIC TRENDS

Industry insights so you can convert your foot traffic into more sales.

Railroad strike

Just as the global supply chain flashes signs of returning to normal, a new strike now threatens to disrupt the transport of a vast range of goods, from agricultural crops to lumber to coal.

 

On Wednesday, 4,900 railroad Union members rejected a tentative contract that the union had negotiated with the railroads.  As soon as Friday, tens of thousands of railroad workers could begin striking across the country. 

 

Rail moves roughly two-fifths of long-distance American freight and one-third of exports.  What’s more, rail is a main aspect of the global supply chain that depends on the coordinated movements of cargo ships, trains, and trucks.

 

Click HERE to learn more about the pending railroad strike.

Furniture industry 40 under 40

New this year, Furniture Today highlights the 40 Under 40, rising stars, and up-and-coming leaders in the home furnishings industry.

 

They celebrate the next generation of furniture industry leaders as they look at what the industry will look like in the decades to come.

 

Congratulations to Doorcounts customers Kyle Deets, Brian Morgan
Alex Ruban, and everyone else for their accomplishments.

 

Click HERE to see the entire 40 under 40 list.

Retail Snippets

New experiences: How to drive revenue by reconnecting mobile and In-person Shopping Experiences.

 

Report: The majority of Instagram users now shop on the app.

 

Reducing friction: How to reduce friction in online and offline transactions.

RANDOM IRRELEVANCE

Pumpkin spice: Starbucks just had its best week everthanks to cold pumpkin drinks.

 

Secret recipe: Why Coca-Cola doesn’t want to tell you what’s in those weird flavors.

 

PDX refresh: Portland airport to install a new, hand-crafted wooden roof.

Read More

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