Advan Research Corporation’s Post

Three retail & dining chains that may surprise in 2024 ↓ 1. Gap Inc., comprising iconic brands like Gap, Old Navy, Athleta, and Banana Republic, saw a significant improvement in Q4 2023 results, driven by strong performances from Gap and Old Navy. With strategic leadership changes, Gap appears poised for a promising 2024 as it continues its upward trajectory. 2. The Cheesecake Factory's foot traffic improved at the end of 2023, outpacing the wider restaurant industry in December. Despite a slight dip in January, February saw another rise. With expansion plans and moderate price increases, the chain aims to exceed its 2023 performance in 2024 if positive trends continue. 3. Despite economic challenges and increased competition, Petco is adapting by investing in its veterinary program and adjusting product selection. Recent foot traffic data indicates resilience, with growth in visits during key holiday months, suggesting ongoing consumer interest despite challenges. Full analysis linked below in the comments. #businessintelligence #retail #strategy

#Restaurants have persevered through pandemic shutdowns, high #inflation and a shortage of workers, and many operators are coming off a big year of sales. Despite high operating costs and questions around consumer spending, expansion is still on the table for many restaurant groups. Read here: https://bit.ly/3I5r4t0 #ICSC #Marketplaces #Retail #QSR #RealEstate JLL

#Restaurants have persevered through pandemic shutdowns, high #inflation and a shortage of workers, and many operators are coming off a big year of sales. Despite high operating costs and questions around consumer spending, expansion is still on the table for many restaurant groups. Read here: https://bit.ly/3I5r4t0 #ICSC #Marketplaces #Retail #QSR #RealEstate JLL

#Restaurants have persevered through pandemic shutdowns, high #inflation and a shortage of workers, and many operators are coming off a big year of sales. Despite high operating costs and questions around consumer spending, expansion is still on the table for many restaurant groups. Read here: https://bit.ly/3I5r4t0 #ICSC #Marketplaces #Retail #QSR #RealEstate JLL

Quick-Service Restaurants (QSR's) have turned to Price Promotion in an effort to drive more business, and here are results from GlobeSt.com and Placer.ai 📈Experimentation with pricing can drive more purchases, balancing margins with increased volume. 🍗Buffalo Wild Wings' $20 unlimited wings deal spiked foot traffic by 8.1%—a clear win for targeted pricing. ☕Starbucks' 50% Friday discounts saw a 20% surge in visits, highlighting the impact of strategic promotions. 🌶Chili's Grill & Bar upgraded their "3 for Me" menu and saw an increase in foot traffic that has yet to slow down. 💡As economic conditions improve, adapting pricing strategies remains pivotal for sustained customer engagement and business recovery. ⁉Is there a problem with adopting this as a new standard? Historically, price promotions lose their effectiveness over time driving customers to see the reduced price as the new normal. 💬How has your restaurant adapted its pricing to meet changing consumer behaviors? Share your strategies below! #RestaurantRevival #PricingStrategies #BusinessInsights #CommercialRealEstate #Retail

The latest insights on necessity-driven consumer spending and tight vacancy in retail subsectors. Discover how core retail sales dipped while dining out and grocery purchases surged, reflecting shifting consumer priorities. With lower-cost dining chains expanding and discount grocers gaining traction, the retail landscape is evolving. Don't miss out on valuable investment opportunities amid potential interest rate cuts and favorable market trends. Download now: https://bit.ly/48Arumg David Tabata Joel Deis Marcus & Millichap Marcus & Millichap Capital Corporation (MMCC) ICSC #retailmarket #cre #commercialrealestate #retail

The food and drink industry occupies a large portion of net-leased retail space, and in the coming year restaurant sales are projected to increase 6%. Just over one third of people visited casual dining restaurants at least one a week in 2023. As budget constraints ease post-COVID, another increase of 6% is forecasted for 2024 on top of 2023’s 6% increase. Operators managed inflation through menu price increases from 2021-2023 to account for raising expenses. The article also gives examples of "Top 500" chains looking to expand in the coming years: McDonalds to add 25% more locations by 2027, Qdoba to add 50% more locations by 2033, Portillo's to add 23% more locations by 2026. Operators also expect the use of online applications to increase efficiency and customizability, along with the expanding market of "Ghost Kitchens" which are only available for take-out and delivery. #wisdomwednesday #retail #commercialrealestate The Dumes | Teets | Mullowney Group of Marcus & Millichap

The latest insights on necessity-driven consumer spending and tight vacancy in retail subsectors. Discover how core retail sales dipped while dining out and grocery purchases surged, reflecting shifting consumer priorities. With lower-cost dining chains expanding and discount grocers gaining traction, the retail landscape is evolving. Don't miss out on valuable investment opportunities amid potential interest rate cuts and favorable market trends. Download now: https://bit.ly/48Arumg #retailmarket #cre #commercialrealestate

July 2024 Retail Sales Report: Despite a pullback in discretionary spending, core retail sales rose 3.8% year-over-year in June, driven by gains in online, restaurant, and essential categories. Notably, dining and online shopping saw significant growth, indicating strong consumer resilience. #vhgcregroup #marcusmillichap #retail #retailsales #markettrends #consumerspending

I’m impressed by the latest retail and dining data from the start of summer. Placer.ai analyzed foot traffic and is reporting positive, upward trends. This tells us that consumers are feeling optimistic about the current economy. June visits in-store increased by 6.8%, as compared to June 2023. It is also great to see that grocery stores were major winners in June, which could be due to customers seeking to cut costs by making more of their food at home. See more top takeaways: https://lnkd.in/gCZnWa57 #Marketplaces #Grocery #Retail #Development #CRE #NewMarkMerrill