According to a new white paper by Placer.ai, the first quarter of 2024 proved to be a positive period for retailers. Despite facing harsh weather conditions in January, February and March saw consistent weekly visit growth compared to the previous year. As Q1 progressed, this growth became even more robust.
The Q1 2024 Retail & Dining Review states that although consumer confidence is still recovering and prices remain high, the strong performance of retail during this quarter could indicate promising prospects for 2024.
Among all sectors, discount and dollar stores stood out with impressive results in Q1. However, other industries also showed strong performance including superstores and warehouse clubs which experienced an increase in visits during this time period. Additionally,dining establishments also saw an uptick in visits.
This comprehensive white paper analyzes the performance of various sectors such as grocery stores,f itness centers,and home improvement & furnishings throughout Q1.The findings suggest that retailing is on track for success in 2024.
