Retail has faced challenges in recent years, with 2022 seeing the effects of inflation and high gas prices. However, according to Placer.ai, these challenges can present opportunities for growth in the ever-changing retail landscape. Second-quarter data from 2023 suggests that shifting consumer trends may be benefiting superstores.
Walmart, Costco, and Target are major shopping destinations for millions of customers seeking a variety of products ranging from groceries to apparel and household furnishings. In their new white paper titled “Retail Giants in 2023: Visit Patterns to Walmart, Costco,and Target,” Placer.ai utilizes location intelligence to examine how these retail giants have navigated through past difficulties while also identifying changes in consumer behavior.
The white paper delves into:
– The characteristics of shoppers at Walmart,Costco,and Target
– How analyzing foot traffic patterns beyond superstores can reveal consumer preferences
– The impact on visits to retail giants due to the addition of healthcare offerings
This post highlights how superstores are capitalizing on evolving consumer trends without mentioning specific brands or companies.
