Thanks for Visiting!

Register for free to get the full story.

Sign Up
Already have a account? Log In

Placer Bytes: CVS and Floor & Decor

Ethan Chernofsky
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 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 Free
Oops! Something went wrong while submitting the form.
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 Office Index: August 2023 Recap Mall Index: August 2023 Recap White Paper Recap: August 2023
Starbucks Pumpkin Spice Latte Strikes Again
Big Scoop: We All Scream For Ice Cream
Sports Away: Lululemon & Nike’s Momentum Continues
Summer Visits Heat Up For Recreation and Outdoor Gear Chains
No CSS overwrite - July 2023 Office Index Recap
Staging - August 2023 Mall Indec
Mid-Atlantic Grocery Deep Dive
Experiential Chains Heating Up This Summer
Petco Goes Big by Going Small
Ulta Beauty: Leading the Discretionary Pack
Discount and Dollar Chains Continue to Thrive
Summer of Sports: DICK’s Sporting Goods and Hibbett Sports
Off-Price: Succeeding Into Summer
The Anchor Recap: July 2023
Superstores Maintaining Pandemic Gains Amidst Economic Headwinds
2023: Home Improvement at the Halfway Point
July 2023 Office Index Recap Mall Index: July 2023 Recap
widget test
The Taylor Swift Visit Lift
Southwestern Grocery Dive
July 2023 White Paper Recap: Halfway Point Review & Quarterly Index
Yum! Brands: Driving Dining Visits
Slurpees and Summer Movies Stimulate Consumer Foot Traffic
Cool Beans: Summer Coffee Update
Checking In on Back to School 2023
Crocs and New Balance Tip The Scales
Burger Bliss: Shake Shack and In-N-Out Stacking Visits
Chipotle & McDonald's Continue to Reign Supreme
Vibenomics and Partner to Enhance Retail Media In-Store Measurement
California Grocers Here We Come!
Marriott’s Different Audiences
Bonchon and Kura Sushi Thrive in the Fast-Casual Scene
A Shoe In: Footwear Climbs to the Top
Cheers! Raising a Glass to Beverage Retail Office Index: June 2023 Recap Mall Index June 2023 Recap – A Turn of the Tide and a Dive into Open-Air Lifestyle Centers
Local Kitchens: Redefining the Restaurant
Unlocking Urban Insights: The Value in Manhattan’s Employees
Ohio State Parks On The Rise
How is Inflation Impacting the High-Income Shoppers?
Five Fast-Growing Dining Chains
What To Expect From Prime Day and July Sales Events in 2023
The State Of Fashion: How Are Apparel Retailers Faring in 2023?
2023’s Latest Dining Success Story: GEN Korean BBQ House
The NBA Finals: A Location Intelligence Perspective
Moving the Market: The Impact of Domestic Migration on Housing Costs
Post-Pandemic Museum Update
The Darden-est Things
The Enduring Demand for Urban and Suburban Retail
Leveraging Data to Evaluate the Impact of Municipal Investments
Trader Joe's Success Amidst Food Inflation and Changing Consumer Behavior Office Index: May 2023 Recap
Fitness at its Fittest: Staying Strong in 2023
Movie Theaters, Off-Price, and Home Improvement: May 2023 Recap Mall Index - May 2023 Recap
What’s Working for Bath & Body Works?
Why Are Specialty Grocers Thriving in 2023?
The CAVA Craze: A Location Intelligence Perspective on the Mediterranean Marvel
How Will Primark’s US Expansion Impact Target?
All Eyes on Eyewear
Northwestern U.S. Grocery Dive
Return of the Lunch: Salad Chains Are Thriving
Retail Media Networks – Off the Beaten Track
Bet Your Bottom Dollar: Discount and Dollar Stores Drive Foot Traffic
Ulta & Lululemon: Discretionary Spending On The Up
The Score After Q1: Sporting Goods Chains
Who Uses NYC Airports: Biting Into The Big Apple’s Main Transport Hubs
Off Price: Strength in The Face of Retail Challenges
Visits Improve for Home Improvement
Walmart, Target & Wholesalers in Q1 2023 – The Return of Mission-Driven Shopping?
Department Store Roundup: Q1 2023 Office Index: April 2023 Recap Mall Index, April 2023 – A Rebound on the Horizon?
How Will Bed Bath & Beyond’s Bankruptcy Impact the Retail Space?
Buffet Restaurants: Filling Up on Foot Traffic
Thrift Stores: Vintage Visits Drive New Age in Apparel
The Windy City: A Hub of Post-Pandemic Opportunity
Diving into Dining Traffic - Q1 2023
Bring On The Joe
A Dollar (or more) For Your Thoughts: Five Below and pOpshelf
Dining Out With The Cheesecake Factory
Retail Foot Traffic Recap – March 2023
Digging Into 2023: McDonald’s and Chipotle Update Office Index: March 2023 Recap
How Did Key Retail Categories Perform in Q1 2023?