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Press release content from EIN Presswire | Newsmatics. The AP news staff was not involved in its creation.

More Shoppers Head To US Stores Over 2022 Holiday Season

PRESS RELEASE: Paid content from EIN Presswire | Newsmatics
Press release content from EIN Presswire | Newsmatics. The AP news staff was not involved in its creation.
January 5, 2023 GMT
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Retail analytics leader, RetailNext, reports US store traffic climbs +1.1% year-on-year over a six-week period during the 2022 holiday season

“For retailers seeking a strong close to the fiscal year, these traffic gains are an important data point to help maximize in-store opportunities such as clearing out excess inventory.”— Joe Shasteen, RetailNext Global Manager, Advanced Analytics

SAN JOSE, CALIFORNIA, USA, January 5, 2023/ EINPresswire.com / -- RetailNext Inc., the worldwide leader in shopper analytics and brick-and-mortar retail intelligence, today announced new data showing positive traffic trends for US stores over the 2022 holiday season. The report is based on data collected at tens of thousands of US stores across multiple brands operating on the RetailNext smart store platform. The comprehensive findings cover a six-week period, from the Sunday after Thanksgiving Day (November 27, 2022), through New Year’s Eve (December 31, 2022).

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Traffic for the period increased by +1.1% over last year, with the highest peak recorded in the last week of December 2022 when footfall spiked by +22.9%. These encouraging traffic trends are aligned with the positive sales results for the period, providing a much-needed boost as the retail industry looks to January to set the tone for 2023.

“For retailers seeking a strong close to the fiscal year, these traffic gains are an important data point to help maximize in-store opportunities such as clearing out excess inventory as well as upselling or cross-selling during returns. At the beginning of 2022, traffic put in a strong performance over 2021 with footfall in the mid-twenties and above. However, there was a consistent decline in footfall from March 2022 with traffic reaching negative territory in November 2022. In part, this is attributed to the inflationary pressures and macroeconomic factors that consumers are facing, but we’re also seeing a post-pandemic emergence for retail”, said Joe Shasteen, Global Manager, Advanced Analytics.

“From a category perspective, we saw a fairly consistent growth trend in traffic for Health & Beauty, and Apparel over the last few months of 2022 so it’s unsurprising to see that trend continue into the holidays”.

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US Top Five Busiest Days - Total Six-Week Period (YoY):

December 23, 2022 (Friday)
December 17, 2022 (Super Saturday)
December 26, 2022 (Monday)
December 22, 2022 (Thursday)
December 18, 2022 (Sunday)

Holiday Season 2022 - Total Six-Week Period (YoY):

Total Six Week Period: +1.1%
November Week 4: +1.7%
December Week 1: -6.0%
December Week 2: -3.4%
December Week 3: -4.8%
December Week 4: -0.3%
December Week 5: +22.9%

The company also tracked data across regions and retail categories:

Regions - Total Six-Week Period (YoY):

Midwest: -2.4%
Northeast: +2.4%
South: -0.7%
West: +2.0%

Categories - Total Six-Week Period (YoY):

Apparel: +5.0%
Footwear: -5.5 %
Health & Beauty: +6.7%
Home: -11.1%
Jewelry: +4.6%

*Stores must be open on both the 2022 and 2021 dates. All 2022 data compared to the same date (for dates immediately leading up to holidays or holidays themselves) or day of the week in 2021*

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(Statistics are subject to change as retailers continue to report updates)

Derived from data collected at tens of thousands of U.S. stores across hundreds of brands operating on the RetailNext smart store platform, the data reflects in-store trends across a wide variety of retail segments, from major big-box brands to standalone and specialty retail operations. Metrics exclude automobiles, petroleum, and warehouse clubs, and include stores across the US that were open both this year and last year.

About RetailNext
The first technology platform to bring e-commerce style shopper analytics to brick-and-mortar stores, brands, and malls, RetailNext is a pioneer in focusing entirely on optimizing the shopper experience. Through its centralized SaaS platform, RetailNext automatically collects and analyzes shopper behavior data, providing retailers with insight to improve the shopper experience in real-time.

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More than 400 brands in over 90 countries have adopted RetailNext’s analytics software and retail expertise to better understand the shopper journey in order to increase same-store sales, mitigate risks and eliminate unnecessary costs. RetailNext is headquartered in San Jose, CA.

Learn more at www.retailnext.net.

Judith Subban
RetailNext
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