Trader Joe's growth in 2023: key strategies | Placer.ai posted on the topic | LinkedIn (2024)

We’re gearing up for an exciting few days in Phoenix!Our very own Kevin Ching, SVP, Head of Retail, Restaurant, & Advertising Verticals, and Stephanie Atiase, VP of Marketing, will be at Brand Week from September 23rd to 25th! 🗓️We’re thrilled to connect with industry leaders, innovators, and customers at this premier event. If you’re attending, we’d love to meet up and discuss the latest trends in brand strategy & location analytics.Looking forward to seeing you there!

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In the evolving landscape of healthcare, grocery stores are becoming key players by integrating on-site clinics. Our latest white paper delves into this trend and reveals how these additions impact both store visitation patterns and market demographics.Here’s what we found: 👇→ Foot Traffic Boost: Grocery stores with healthcare services saw significant increases in visits. For example, in H1 2024, the eight Dillons locations with in-store clinics saw, on average, 93% more visits per location than the chain’s banner-wide average.→ Family Appeal: Clinics drove higher loyalty and attracted families with children, offering convenient one-stop health and grocery shopping.→ Affluent Shoppers: Locations with in-store clinics attracted more affluent customers. For instance, King Soopers/City Market's in-store clinics drew visitors from markets with a median household income of $92.3K, surpassing the chain’s average of $88.1K.→ Local Engagement: Chains like H-E-B saw increased local traffic, strengthening their community ties and attracting middle-class families.Dive into our latest report (linked below) to see how grocery-based healthcare is transforming retail and wellness.#Retail #Healthcare #Grocery #MarketTrends #ConsumerBehavior

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Understand your visitors’ main traffic routes and top-visited locations with our latest Visitor Journey & Routes XTRA Map.Request this map from Placer’s data specialists to help you:📌 Support Acquisition & Development📌 Inform Local Marketing📌 Understand Visitor Behavior📌 Improve Site AccessibilityExplore these insights in detail by checking out our XTRA page: https://lnkd.in/duJmPM4m

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The LTO craze continues into fall! 🍔🍟 McDonald's is extending its $5 meal promotion through December, keeping deal-hungry consumers coming back for more. The offer, which includes a McDouble or McChicken, Chicken McNuggets, fries, and a soft drink, has been a success, with the company's stock rising 13% since its debut.Thank you to Heather Haddon from the The Wall Street Journal for featuring Placer’s insights on this trend. Dive into the full article here: https://shorturl.at/dVQaIJesse Kent Derring-Do Inc.#LTO #Promotions #RetailTrends

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Bring on Pumpkin Spice Latte Season! 🍂☕️

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Retail and dining sectors continue to gain momentum, and August 2024 is no exception! 👇🏼→ The Placer 100 Index reveals a 3.0% YoY increase in visits, the largest monthly gain of the summer.→ College towns saw significant foot traffic boosts, with State College, PA, and other college metros experiencing up to 14.5% YoY growth in visits.→ In August 2024, consumers continued to prioritize value, with Five Below (17.5%) and Big Lots (15.7%) among the top YoY visit performers.🔍 Discover more insights in our latest Placer 100 Index linked below.

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🌟 We're Hiring! 🌟Looking for your next move? We could be the perfect Place(r) for you!Join our dynamic team and explore the many open opportunities we have right now:- Frontend Engineer- Big Data Engineer- Backend Engineer- Automation Engineer- Product Designer- Solutions Engineer- Senior Product Designer- Senior Salesforce Admin- and many more!For more details, visit: https://lnkd.in/eSQ62qUr#hiring #careers #careergrowth #jobopportunities

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Check out our latest weekly brief where we dive into Best Buy's recent turnaround!After a period of declining visits, Best Buy has seen year-over-year increases in two of the last six weeks. This rebound not only highlights Best Buy’s recovery but also reflects growing consumer confidence. When people start investing in electronics again, it signals a shift towards optimism about the economy.

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There’s a good reason why we’re constantly raving about Map Studio—it’s because we’re always evolving it to meet our customers’ needs! We’ve been listening to your feedback and introduced these updates to enhance your experience:📌 Expand Property Insights - Select from a comprehensive range of metrics like visits, demographics, psychographics, and Retail Sales to best support your narrative.📌 Map Your Tags - Highlight top-performing stores, potential expansion sites, or any selected group of locations with custom tags.📌 Change Callout Size - Adjust callout box sizes to make key locations stand out.📌 New Map Layers - Assess market demand and support investment decisions using the Home Values & Housing Density layers. Also, evaluate the prevalence of personal, property, and total crime incidents with the new Crime map layers.Explore how these new features can transform your data mapping and analysis today!#MapStudio #ProductUpdate #DataAnalytics

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We’re excited to share our Placer Picks for standout brands that are shaping their industries and making waves this year! These innovative brands are setting new trends and redefining their sectors. Discover who’s leading the way and why they’re on our radar. Want to understand why these brands are gaining so much attention? Check out our latest TL;DR newsletter for an in-depth look at what makes these brands exceptional: https://bit.ly/4cMJGLq Stay tuned for future Placer Picks, where we spotlight the top innovators, trends, and more shaping various industries.

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