Thanks for Visiting!

Register for free to get the full story.

Sign Up
Already have a Placer.ai account? Log In

Placer Bytes: CVS and Floor & Decor

by 
Ethan Chernofsky
 on 
February 11, 2021
Placer Bytes: CVS and Floor & Decor

In this Placer Bytes, we dive into pharmacy giant CVS and one of the biggest surprises in retail, Floor & Decor.

CVS’s Continues to Show Strength

With CVS beginning in-store vaccinations, there is reason to be excited about the brand’s prospects in the coming months. But this is especially true considering the strength it’s already shown. Visits to CVS locations were down just 0.1% in October before a surge in COVID cases drove the visit gap to 6.8% in November. Yet, even with that challenge, visits rebounded in December and were down just 3.6% year over year that month.

And while the numbers are impressive, when given context from other leading players from the sector, they look all the better. In Q3, CVS saw an average monthly visits gap of 3.5%, while competitors Walgreens and Rite Aid saw gaps of 5.9% and 29.0%. In Q4, CVS saw a continuation of that 3.5% year-over-year gap, even while Walgreens saw its visit gap increase to 7.5%. Critically, this is not because of any weakness on the part of Walgreens who has still seen relative strength compared to the wider retail ecosystem. But it is a huge testament to the ongoing performance of CVS.

And the same trend continued into 2021 with CVS seeing a visit gap as low as 2.7% the week beginning January 11th. CVS is also a brand that’s uniquely suited to benefit from a large increase in visitors. The brand sells a wide range of items and it’s rare that a customer won’t stumble upon something they need during a visit, even if the initial motivation was not purchase related. This makes CVS one of the most interesting brands to watch in the coming months.

Floor & Decor Continues to Impress

The home improvement sector proved to be among the most resilient in retail throughout the pandemic. And while the sector was filled with winners from leaders like Home Depot and Lowe’s to rising players like Tractor Supply, one brand may take the crown for the biggest surprise. Floor & Decor confirmed that it would be expanding its store fleet in 2021, and for good reason. Visits for the brand have not only been up year over year, but the increase has actually been expanding. In Q4, visits to Floor & Decor locations were up 43.1%, 33.2%, and 49.9% in October, November, and December respectively.

And that pace hasn’t slowed down in 2021 with the weeks beginning December 28th, January 4th, January 11th, and January 18th all up over 45% year over year. These are dramatic jumps that indicate a brand that’s ready to significantly outperform. Add the fact that it’s operating in a wider sector enjoying a huge surge, there are many reasons to be excited about Floor & Decor’s offline potential.


Will CVS and Floor & Decor further set themselves apart as retail leaders in 2021? Visit Placer.ai to find out.

Get 3 brand & industry
breakdowns every week

Subscribe to the newsletter

Great! Prepare your inbox for data-driven insights...
Oops! Something went wrong while submitting the form.

Get a Demo

Please enter your first name
Please enter your last name
Please provide a valid email
Please enter your email
Please enter company name

Thanks for reaching out!

One of our experts will be in touch soon

Try Placer.ai Free
Oops! Something went wrong while submitting the form.
Peeking Behind The Curtain: Movie Theaters in 2023 and Beyond
Diving Into Brick-and-Mortar Eyewear
Getting Into Gear: Exploring The Auto Part Industry
Recapping Valentine’s Day 2024 Foot Traffic Trends
Fitness: A Strong Start to 2024
Dutch Bros. Continues To Percolate Visits
Super Bowl 2024: Placer.ai’s Postgame Foot Traffic Analysis
CAVA & sweetgreen Are On the Rise
Hats Off For Off-Price
Who Is Shopping at Malls?
Drilling Down Into Home Improvement
Walmart, Target, Costco & Superstore Space 2023 Recap
Catching Up With Shake Shack and Wingstop
Something To Chew On: Demographic Shifts at Steakhouse Chains
Placer.ai Office Index: Looking Back at 2023
Recapping RBI & Yum! Brands’ 2023 Foot Traffic Performance
Placer.ai White Paper Recap – January 2024
Who Shops at Anthropologie and Urban Outfitters?
Three Taco Chains to Watch in 2024
Starbucks and Dunkin’: 2023 in Four Data Points
Who Visits CVS and Walgreens?
Fashionably Frugal: Apparel in 2023
Catching Up With Fast Food
The Grocery Sector in 2023: An End-of-Year Recap
3 Mall & Shopping Center Trends for 2024
Bakery Chains Rising To The Top
Placer.ai and Esri Partner to Deliver Geospatial Analytics
Tampa Tourism Trends
Going For The Green: The Changing Dynamics Of Country Clubs
Christmas Day Dining Recap
Major Urban Shopping Districts – Holiday Season Recap
Placer.ai Office Index: December 2023 Recap
Recapping the 2023 Holiday Shopping Season
Placer.ai White Paper Recap – December 2023
7 Retail & Dining Segments to Watch in 2024
Diving Into Holiday Season Favorites
Super Saturday and Christmas Eve Eve: A Winning Combination
3 Budget Grocery Chains Finishing 2023 On a High Note
Making It In America: International Chicken Chains Bring The Heat
Domestic Tourism at a Glance: A Q3 2023 Roundup
Five Pizza Chains On The Rise
Jewelry Brands Taking Advantage of the DTC Opportunity
Secondhand News: Kids' Thrift Shops
Recapping 2023’s Dining M&As
MetLife Stadium Kicks Off Football Season
Placer.ai Office Index: November 2023 Recap
Small Coffee Chains Brewing Big Success
Placer.ai White Paper Recap – November 2023
Thanksgiving Travel 2023 Recap
Checking in With Nike and Lululemon
Black Friday 2023 Retail Recap
Starbucks’ 2023 Holiday Menu & Red Cup Day Performance
Turkey Wednesday 2023
Who Attended the 2023 Pickleball Championship? 
Three Surprising Holiday Shopping Trends
What’s in Store for Ulta Beauty This Holiday Season?
Best Buy and Department Stores: A Holiday Deep Dive
Discount & Dollar Stores: Strength Toward The End of the Year
The State of Off-Price Retail: Discounts Seal The Deal
Placer Mall Index Recap: October 2023
Placer.ai Office Index: October 2023 Recap
Retail Corridors Ahead of the 2023 Holiday Season
California, Here Gap Comes
Checking in With Home Improvement
Getting Into the Glasses Game: Warby Parker Takes Over
Fitness Positioned for a Strong 2023 Finish
White Paper Recap: October 2023
Coffee Giants Brewing Up Business
Popeyes and Burger King Lead the Way
Diving into Yum!
Looking Ahead to Black Friday 2023
Blockbusters Drive Movie Theater Comeback
Crocs and Boot Barn: Shoe-Ins for Success
McDonald’s and Chipotle's Winning Recipe
The State Of Steak: Checking in With Texas Roadhouse
Pleasant Pastimes: Pickleball Potential Proves Potent
Who’s Driving Downtown Manhattan’s Weekend Revival?
Diving into Downtown Manhattan Foot Traffic Trends
Rite Aid: Rightsizing Right
Major League Soccer: Its Die-Hard and Casual Fans
The Anchor Recap: September 2023
Placer.ai Office Index: September 2023 Recap
Placer Mall Index Recap: September 2023
September White Paper Recap
The Consumer Habits of College Students
JCPenney: Rightsizing and Revitalizing
Pent-Up Demand Ahead of October Sales Events
4 Strategies Retailers are Using to Drive Traffic to Their Venues
5 Key Regional Grocery Players Impressing in 2023
Upscale Kitchenware Trending Up
Costco Finds More Room for Growth
Four C-Store Chains Making an A-Grade
National Parks + Outdoor Summer Activities
Diving Into Darden: Summer 2023 Update
The Summer Event Effect
Messi: Massive in Miami
Looking Back on Back to School 2023
The Anchor Recap: August 2023
Placer.ai Office Index: August 2023 Recap
Placer.ai Mall Index: August 2023 Recap