Earnest Research - DataBites's articles

  1. Technology & Innovation
[This is a preview from our full report “Measuring the Impact of California’s Inflation Relief Checks on Consumer Spending.” Download for free]. California’s October 2022 Middle Class Tax Refund (MCTR) payments of up to $1,050 buoyed spending across some of the largest retailers in the country, while leaving others unimpacted. Looking at some of the […]
  1. Technology & Innovation
Earnest Research Spend Index fell YoY in October, as both in-store and online sales decelerated. General Merchandise, which largely reflects non-discretionary spending, mostly grew in the month, with Warehouse Clubs, Online Marketplaces, and Gas stations all up low single digits. Big Box Retailers fell slightly. Household Goods, Home improvement, Home Furnishings, General Electronics, and Home […]
  1. Channel: Ecommerce & Digital
Amazon Prime Early Access Day this October was more subdued than Prime Days of years past, boosting sales for the online retailer by around 15% over average weekly sales. This is significantly lower than the boost that Prime Days typically generate for Amazon. July 2022’s Prime Day propelled weekly sales 37% higher than the trailing […]
  1. Trends & External Forces
Consumer spending in the days prior to a hurricane making landfall can spike up to 30% as people stock up on fuel and essentials. Hurricane Ian was no exception, driving a 23% increase in combined Big Box, Grocers, Home Improvement, and Dollar Store spending before landfall. As typical with other hurricanes, spending on essential categories […]
  1. Department & Category
[This is a preview of our full case study—download here: Measuring the Impact of Falling Gas Prices on Warehouse Clubs with Spending Data]. As inflation picked up beginning in March 2022, shoppers looked to bundle trips and find the lowest prices. As a result, the number of shoppers filling up their tanks at both Costco […]
  1. Channel: Grocery
Data powered by Earnest’s Orion spend dataset. Supermarket sales excludes food sales at big box and warehouse club retailers like Walmart and Costco. Albertson’s (ACI) short run as a public company may be coming to a close as it enters talks to merge with the nation’s second largest grocer and largest supermarket chain, Kroger (KR). […]