Thanks for Visiting!

Register for free to get the full story.

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

Placer Bytes: Grocery Surprises, Heavyweight Dominance and Floor & Decor

by 
Ethan Chernofsky
 on 
July 28, 2020
Placer Bytes: Grocery Surprises, Heavyweight Dominance and Floor & Decor

In this Placer Bytes, we dive into grocery chains we’ve yet to touch on including Sprouts, Weis, and Winn Dixie. Then we take a moment to appropriately laud the offline retail giants and break down Floor & Decor’s rebound.

Grocery: Sprouts, Weis and Winn-Dixie

Sprouts was a brand in the midst of a very strong run heading into 2020. Between 2018 and 2019, the brand saw visitor growth of 3.2% and 2020 kicked off with small, but respectable year- over-year visit increases of 0.2%, 3.5%, and 2.1% for January, February, and March respectively. But perhaps most impressively, they’ve rebounded hard and fast, as the recovery unfolds with visits down just 11.7% year over year in June, compared to a low point of 25.4% down in April.

Yet, even more fascinating has been the performance of Weis and Winn-Dixie, two regional grocery chains that had been experiencing tougher times. The two brands had seen year-over-year traffic declines of 2.5% and 6.1% respectively between 2018 and 2019, and both kicked off 2020 with year-over-year declines in January. But, it does look like the pandemic provided them a needed boost, alongside other traditional grocers. Apart from the height of the pandemic in April, both brands have seen year-over-year growth in all other months including strong June results of 2.8% year-over-year growth for Weis and 7.1% for Winn Dixie.

And the improvements are still coming for all of these brands. While Sprouts is being impacted by resurgences of cases in California and Texas, two of its largest states for locations, the grocer is still seeing progress. For the weeks of June 29th and July 6th, the brand saw an average decline of 4.7%, an improvement on overall June numbers even amidst the rise in cases. The same was true for Weis and Winn Dixie which saw visit averages for those two weeks of 4.6% and 11.5% growth year over year. A continuation of this trend would push both brands even farther ahead then they had been in June. This data further deepens the notion that the crisis has reinforced the importance and centrality of traditional grocers.

The Kings of Retail 

For Target, Walmart, and Dick’s Sporting Goods, the resurgence has been especially tough. The hardest-hit states, Texas, California, and Florida, are all in the top four in terms of location density for these brands. Yet, for all three, visits are hanging steady, if not already flirting with year-over-year growth. Critically, the fact that declines remain is important, if nothing else then to help us properly contextualize the year-over-year decreases other brands are experiencing. However, the ability of these brands to sustain healthy visit numbers in this environment is nothing short of remarkable, further enhancing its status at the top of the offline retail mountain.

Floor & Decor

While the bigger players in the home improvement and home goods spaces get more of the focus, alongside the bankruptcies hitting the sector, players like Floor & Decor are enjoying a strong rebound. And this may be one of the biggest signals of the sector’s wider ongoing potential. Floor & Decor was experiencing visit declines all year. Visits in January and February were down 16.1% and 10.5% respectively year over year and this was before COVID related closures. But the company is back on the rise with visits in June 2020 up 3.7%.

And the pace is not slowing down. Weekly visits have been up year over year since the first week of June and following subdued growth on the week of July 4th, visits were up 11.1% year over year the week of July 6th. Does this guarantee future growth? No. Does it help establish a bull case where an industry-wide boost and closures among competitors creates a powerful opportunity for extended success? Yes.

Will the rise of the traditional grocery continue to boost brands like Weis and Winn-Dixie? Can retail’s giants continue their dominance? Will the rise of the Home Improvement tide continue to lift all boats?

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.
Digitally Native Brands Lean Into Brick & Mortar
Washington, D.C. Population Changes & Trends
A Location Intelligence Perspective on Macy’s Rightsizing
Amazon-Powered Shopping: The Future of Brick-and-Mortar Grocery?
Cold Weather, Hot Visits: Diving into Winter Resorts
Wawa and 7-Eleven: Leaning Into the “Slurpee Effect”
2022 and Beyond: Catching Up With McDonald’s & Chipotle
Let’s Have Some Fun! Going Out Is In
Placer.ai’s Q4 2022 Quarterly Index
Placer.ai Adds Industry Executives to Leadership Team To Drive Company's Next Phase of Growth
5 Emerging Retail Formats: 2023’s Brick-and-Mortar Evolution
Grocery Update: Zooming in on the Lone Star State
2022 Office Recap: The Year of the TGIF Work Week
What Lies Ahead for Brick-and-Mortar Luxury in 2023
Placer.ai Mall Indexes: December 2022 Recap
Looking Back on 2022’s Holiday Shopping Season
Post-Pandemic Migration Trends in New York
Top Retailers for 2023
The Live Sports Advertising Opportunity
Domestic Migration to the Mountain States: Small Shifts with Big Implications
New Year, New Food: 5 Dining Trends For 2023
Announcing Placer.ai’s COVID RECOVERY DASHBOARD
This is Why Shop-in-Shops Are Everywhere
Super Saturday 2022 Recap
The San Francisco Shift
Grocery Year-End Update: Publix in the Spotlight
Three Ways Retailers Can Think Small to Increase Store Impact
Offline Beauty Is on an Upswing
The Evolving Migration Patterns of New York’s Florida Snowbirds
Placer.ai Office Index: November 2022 Recap
How Viral Social Media Trends Can Drive Offline Engagement
Are You Ready for Some Football? Experiential Marketing Shows Promise
Mall and Shopping Center Trends For 2023
Retail Corridors and Indoor Malls: A Holiday Head-to-Head
Placer Bytes: Nike, lululemon, and GameStop Update
Placer.ai Mall Indexes: November 2022 Update
Black Friday 2022: Consumers Hear the Call
Digitally Native Brands: Taking Off, Offline
Discount and Dollar Stores Leading the Pack
Turkey Wednesday 2022
Retail’s Evolving Holiday Season
Placer Bytes: Starbucks and Department Stores Ahead of Black Friday
Ulta: A Force to be Reckoned With
College Towns Drive Dining Growth
Foot Traffic Trends Reveal Consumers Ready for Holiday Cheer
How Retailers Can Win Big By Going Small
How Are Consumers Feeling Ahead of Black Friday 2022?
Off-Price, Hibbett, and Dick’s Pre-Holiday Check-in
Ho, Ho, Wholesale: Costco, Sam’s Club, and BJ’s
October 2022’s Retail Rebound
Target and Walmart Ahead of the Holidays
Home Improvement: Leave it to the Pros
Despite Inflation, Holiday Season is Off to a Good Start
Placer.ai Office Index: October 2022 Recap
Placer.ai Mall Indexes- October 2022 Update
Americans Double Down on Fitness
The State of Grocery
CVS and Walgreens: The Wave Continues
Coffee Chains Brewing Up Visits
Placer.ai Spotlight: Pizza Players
What Drove COVID-Era Urban Migration Trends?
Kroger and Albertsons: A Merging of Strengths
Texas Roadhouse Innovations Dishing Up Success
Holidays on the Horizon: Mid-Range and Luxury Shopping
McDonald's and Chipotle's Post-Pandemic Success
Announcing Placer.ai’s Q3 2022 Quarterly Index
5 Hot Restaurant Brands for 2023
Target Finds a Winning Deals Day Formula
Five Trends to Watch for 2022’s Holiday Shopping Season
September 2022 Analysis: A Difficult Month and Time for Optimism
Inflation’s Retail Winners
Five Apparel Retailers to Watch Ahead of the Holidays
Placer.ai Spotlight: Wawa’s QSR Pivot
Placer.ai Mall Indexes: September 2022 Recap
Placer.ai Office Indexes: September 2022 Recap
The Impact of Population Growth on Commercial Real Estate 
Starbucks' New Makeover
There's Somethin' About Pumpkin
Expanding Offline Reach
Breakfast Restaurants are Rising in Popularity
The Power of Labor Day 2022
Tourism in Miami Heating Up
Citi Trends on the Rise
Reaching Rural Consumers Through Retail Media Network
Darden Restaurants Cooking Up Success
The Home Improvement Sector: A Sign of Consumer Confidence
QSR Is Having a Northeastern Growth Spurt
Domestic Migration’s Ripple Effects
A Look Back at Back To School 2022
Kroger Digital Tell-All
The Return of In-Person Networking
The Reinvention of the American Mall  
Placer.ai Office Building Indexes: August 2022 Recap 
Placer.ai Mall Indexes - August 2022 Recap
Five Below’s Back to School Success
Plus-Size Fashion’s Staying Power
Placer Bytes: Best Buy & GameStop 
Petco Barking Up the Right Tree
Lipstick Effect Boosts Ulta’s Growth 
Placer Bytes: DICK's Sporting Goods and Hibbett Sports