1. Data & Insights

March 2024 Retail Metrics are in!

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March 2024 Retail Metrics:

In this week’s Retail Traffic Trends, we are breaking down the month of March to see how each industry performed to start the year.

After the highs of February, both the furniture and mattress industry struggled to keep up with the previous month.

Join us as we analyze the trends, shifts, and performances that set the tone for the year ahead.

Today’s Rundown

  • COMING SOON – Q1 2024 Benchmark Report: Sign up HERE to receive the Q1 Benchmark as soon as it releases next week.

  • March recap: Everything you need to know about how last month played out.
  • Trends and behaviors: Consumer spending behavior and drivers in February 2024.

Introducing Trakwell Performance Dashboard

Tired of waiting until the end of each month to see how your store compares to the industry average?

We are thrilled to announce the launch of our Free Retail Performance Dashboard, designed to revolutionize the way you monitor and optimize your market performance. 

For the first time, you can now see in real-time how your store is performing against industry averages on key metrics such as average ticket size, foot traffic, conversion rate, and much more.

March 2024: Furniture industry

March 2024: Mattress industry

Retail Snippets

Trends and behaviors : Consumer spending behavior and drivers in February 2024.
 
RFID enhancements: How RFID Technology is changing the retail industry in 2024.

A new shopping experience: What will retail look like in five years? Top industry executives share their predictions.

Random Irrelevance

Broken Google: Google says it’s purging all the AI trash littering its search results.

Watch out: US diver recovers thousands of Apple Watches from a lake.

Photo of the year: Wildlife Photographer of the Year awarded to man who captured a polar bear falling asleep.

The post March 2024 Retail Metrics are in! appeared first on Trakwell.ai.

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We know how hard it is to operate a chain of large-ticket retail stores in a world where everything has changed in the course of a single generation. With a constant stream of information coming at us at breakneck speed, success and failure comes down to how you use your traffic data. The good news, is with doorcounts, you can instantly turn essential information into meaningful action that has the potential to dramatically improve results across your entire operation. https://trakwell.ai/
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