Earnest Analytics

I'm happy to share insights from our recent publication, "Exploring the Impacts of E-commerce Activities on the Spatial Resilience of Warehouse Clubs: The Role of Retail Agglomeration," featured in the International Journal of Physical Distribution and Logistics Management. This study investigates the effects of retail agglomeration and e-commerce activities on consumer foot traffic at warehouse clubs. We observed a significant reduction in store visits, with both general merchandise (GM) and narrow-range merchandise (NM) e-commerce activities, with GM e-commerce presenting a greater challenge. Our analysis shows that warehouse clubs near diverse GM retail clusters, including supercenters and department stores, see an uptick in foot traffic. Additionally, proximity to NM clusters, particularly those close to grocery stores, enhances visitor numbers. The research also highlights the complex interactions between physical retail clusters and online e-commerce activities, emphasizing the importance of strategic location decisions to help warehouse clubs withstand the challenges of e-commerce competition. Special thanks to Earnest Analytics and Placer.ai for the crucial data. My thanks to Christopher Pomponi and Michael Maloof from Earnest Analytics for their trust. Gratitude to Chee Yew Wong and Andrea S. Patrucco for their kind support, and to my collaborators Guang Li, Martin Dresner, and Benny Mantin for their deep insights. For industry leaders like Costco Wholesale, Sam's Club, and BJ's Wholesale Club, the strategic importance of location decisions is more crucial than ever. Dive deeper into our findings by accessing the full paper here: https://lnkd.in/ge4wqcb4

🚢 So far, Cruise spending has outperformed Air Travel and Lodging & Accommodations to become the fastest growing Travel segment of the year, per Earnest credit card data. Read the analysis: https://lnkd.in/d8kW9cgD #travel #alternativedata #cruise

Beauty brand Il Makiage uses Earnest to make better decisions through data. See why the leading consumer brands keep Earnest in their toolkit: https://lnkd.in/emSJCHkU

Saks Fifth Avenue's proposed Neiman Marcus Group acquisition would combine the 7th and 8th largest mid-tier and luxury department store groups by sales in the US, behind Belk, according to Earnest credit card data. Track department store spending for free: https://lnkd.in/gtbmmrS4

After an anemic start to the year, Tesla capped a 27% gain this week, per CNBC. As Earnest reported last month, the company saw a 106%+ increase in subscriptions to Autopilot Full Self-Driving (FSD) following a price reduction on the Enhanced FSD tier. Access Tesla sales/subscription data here: https://lnkd.in/e329ky8W #tsla #electricvehicles #elonmusk #alternativedata

Leading brands like Goodwill use Earnest data to help inform their decision-making in a constantly evolving retail landscape. Learn more about how Earnest's 12 different datasets can work for you: https://lnkd.in/emSJCHkU

In a bid to fend off Temu and SHEIN's rock-bottom prices, Amazon plans to launch a low-priced section on their site that will allow Chinese sellers to ship directly to U.S. consumers, reports CNBC: https://lnkd.in/e_hMxNHK Per a recent Earnest analysis, Amazon's customer retention rate was around double that of Temu's, though the latter has already surpassed Walmart's and Target's retention in the same period. Read our free Temu market analysis report here: https://lnkd.in/ete5m8tG

🤖 Amazon is reportedly working on a "ChatGPT killer," per Business Insider: https://lnkd.in/gX-pxHbQ ChatGPT still dominates in the consumer AI market, as indicated by Earnest credit card data, though competitors with differentiated tools have been able to make inroads: https://lnkd.in/ezkVDWiw

Seattle's new minimum wage increase has driven a 45% decline in UberEats orders, in addition to depressed overall restaurant spending off delivery platforms, per Earnest data. Read our full analysis: https://lnkd.in/eXtp644X

Brands like Anthropologie leverage Earnest for real-time, data-backed insights on the market, customers, and competitors. See what Earnest data can do for you: https://lnkd.in/emSJCHkU #retail #alternativedata