In July, we broke down the relative recoveries of outdoor and indoor shopping centers and found that, perhaps unsurprisingly, the former were recovering faster. The combination of shoppers’ concerns about COVID, limitations on which retailers were reopening, and other factors gave outdoor centers an advantage during the early stages of the recovery.
When we last looked at grocery shopping behavior, we noted a few key changes. Visits were shifting from weekends to weekdays and from evenings to mornings. And seemingly, these shifts were driving more time in store, along with a significant shift in visit duration for top brands.
In the last few weeks, there has been an endless amount of fascinating retail narratives, but there were three that really caught our attention. Nike was shutting down more of its wholesale accounts, department stores got headlines for less than positive reasons, and Walmart crushed earnings by making more out of less.
