Tag

Foot Traffic

All articles tagged with #foot traffic

local-news1 month ago•11 min saved

Willy Street businesses reel as protests block customer traffic

Protests following a July 22 police shooting have reduced foot traffic on Willy Street, with roadblocks near Willy and Baldwin affecting the neighborhood's shops and eateries. Lazy Jane's Cafe is operating at roughly one-third to one-half of its normal volume, while The Weary Traveler has cut staff and is juggling rent and loan payments as business slows; owners fear longer-term impacts if conditions don’t improve. The City of Madison had not commented at press time.

via Channel 3000|

#foot-traffic #local-business #local-news

business1 month ago•2 min saved

Seattle's World Cup Footprint: Over 3 Million Downtown Visitors, Mostly Domestic

Seattle hosted World Cup games and drew more than 3 million visitors to downtown over six days, according to Placer.AI data that tracks domestic mobile activity; while crowds were about 17% higher than last year, foreign visitors aren’t captured in the data, so the true total could be higher. If the domestic-foreign mix is roughly 60:40, total visitors beyond a normal cruise-ship season could exceed 800,000. About $14 million of the $120 million local spend came from Seattle, and the Pacific Place mall’s four‑story screen became a de facto public living room with plans to activate it year‑round for cultural uses.

via KUOW|

#business #foot-traffic #pacific-place

business4 months ago•6 min saved

Red Lobster’s Endless Shrimp Returns, but Buzz Isn’t What It Used to Be

Red Lobster revived Endless Shrimp for six weeks in Los Angeles after previously blaming the promo for its 2024 bankruptcy. New data shows only a modest uptick in visits and uneven demand, with diners weighing the value at around $25–$30 for unlimited shrimp and many choosing other deals. Analysts say the promotion can still drive traffic during slower periods, but its impact is softer in today’s value-conscious, high-cost environment.

via Business Insider|

#bankruptcy #business #endless-shrimp

business1 year ago•3 min saved

American Eagle Foot Traffic Drops 9% Amid Sydney Sweeney Controversy

American Eagle's foot traffic has declined nearly 9% year-over-year following controversy over an ad featuring Sydney Sweeney that critics linked to eugenics themes; despite a surge in web interest and stock price after praise from Donald Trump, in-store visits have fallen, highlighting potential reputational impacts on the brand.

via Forbes|

#ad-controversy #american-eagle #business

business1 year ago•1 min saved

American Eagle's Foot Traffic Drops Post-Sydney Sweeney Ad Controversy

American Eagle experienced a 9% year-over-year decline in store foot traffic following the launch of its controversial Sydney Sweeney campaign, with some competitors also seeing declines, though less steep. The campaign has faced criticism for its perceived oversexualization and eugenic undertones, while some political figures have supported it. The direct impact of the campaign on sales and traffic remains unconfirmed by American Eagle.

via Fortune|

#american-eagle #business #fashion-controversy

business1 year ago•1 min saved

Black Friday 2024: Online Sales Surge as Amazon and Walmart Lead

Black Friday saw a resurgence in brick-and-mortar store traffic, with major retailers like Apple, HomeGoods, Target, and Marshalls experiencing significant year-over-year gains. Despite the dominance of e-commerce giants like Amazon, physical stores remain crucial for providing a curated shopping experience. Malls also reported increased foot traffic, indicating a shift towards experiential shopping. Retailers that successfully integrate both online and offline strategies are thriving, as the in-person shopping experience continues to hold value for consumers.

via Quartzy|

#black-friday #business #e-commerce

business2 years ago•5 min saved

Millennials Embrace 'Quiet Vacationing' to Avoid PTO Requests

Hybrid work models have led to a rise in remote work on Fridays, allowing employees to enjoy more personal time and boosting foot traffic for local businesses like cafés, gyms, and salons. While downtown areas may suffer from reduced weekday traffic, many local businesses are seeing increased earnings on Fridays as workers take advantage of the flexibility to engage in leisure activities and errands.

via Business Insider|

#business #foot-traffic #hybrid-jobs

sports2 years ago

"Revised Sixers Arena Plan Raises Concerns Over Traffic Impact on Jefferson Hospital"

A proposed new arena for the 76ers could have significant impacts on parking, foot traffic, and SEPTA in the area, prompting discussions about potential solutions to accommodate the increased demand.

via The Philadelphia Inquirer|

#76ers #arena #foot-traffic

business2 years ago•1 min saved

Home Depot surpasses expectations despite declining sales and earnings

Home Depot reported Q3 earnings that beat estimates, with sales down 3.10% YoY but higher than expected. Foot traffic dropped 2.4%, and the average ticket decreased less than expected. The company attributed the decline in earnings to customers opting for smaller projects and pressure in certain big-ticket categories. Home Depot's shares rose 1% in pre-market trading. For the full fiscal year, the company narrowed its guidance range, expecting a sales drop of 3% to 4% and adjusted earnings per share to decrease 9% to 11% YoY.

via Yahoo Finance|

#business #diy-projects #foot-traffic

economy2 years ago•2 min saved

Comparing Downtown Recoveries: NYC Ranks Worst, Indianapolis Stronger, San Antonio Tops

New York City's downtown recovery post-COVID ranks among the worst in the US, with foot traffic in Midtown and Lower Manhattan only at 66% of pre-pandemic levels, according to a study by the University of Toronto. The city's 33% drop in foot traffic places it 54th out of 66 cities studied. The analysis suggests that the slow recovery is partly due to commercial office tenants giving up their leases. The Partnership of the City of New York disputes the accuracy of the study, citing the presence of business districts across the five boroughs. Las Vegas, Nevada, is the only city in the rankings to exhibit greater foot traffic in its downtown than before the pandemic.

via Fox Business|

#covid-19 #downtown-recovery #economy

business2 years ago•3 min saved

"Midtown and Lower Manhattan Experience Steep 33% Decline in Foot Traffic, Among Worst in US Post-COVID: Survey"

Foot traffic in New York City's business districts, including Midtown and Lower Manhattan, is still down 33% compared to pre-pandemic levels, ranking 54th out of 66 cities surveyed. The University of Toronto's analysis measured foot traffic through mobile phone presence and attributed the low recovery rate to the shift to remote work and commercial office tenants giving up their leases. However, the accuracy of the data has been questioned by the Partnership for the City of New York, which cited more recent reports showing a stronger recovery in Manhattan's commerce and tourism districts. Other major cities like Las Vegas, Miami, and Nashville have seen higher recovery rates in their downtown areas.

via New York Post |

#business #business-districts #covid-19

business2 years ago•3 min saved

"Costco's Q4 Earnings Soar as High Gas Prices Drive Sales and Foot Traffic"

Costco is expected to report its Q4 earnings, with analysts predicting adjusted earnings per share of $4.76 and revenue of nearly $77.6 billion. High gas prices have likely attracted consumers to Costco's cheap fuel, leading to increased foot traffic in stores. Visits to Costco have seen a rise compared to last year, while overall visits to wholesale clubs and superstores have dropped. E-commerce sales are expected to grow by 5%, and investors will be watching for any announcements regarding a potential increase in membership fees. Costco stock has been performing well, with shares up 2.3% in the last month and 22% year to date.

via Yahoo Finance|

#business #costco #foot-traffic

business2 years ago•3 min saved

Costco's Q4 Earnings: Fueling Sales Amidst Economic Downturn

Costco is expected to report strong Q4 earnings, with analysts predicting adjusted earnings per share of $4.76 and revenue of nearly $77.6 billion. The company's cheap gas prices have attracted consumers, leading to increased foot traffic in stores. Visits to Costco were up in August, while overall visits to wholesale clubs and superstores dropped. E-commerce sales are expected to grow by 5%, and membership fees are anticipated to reach $1.46 billion. Investors will be watching for any potential plans to raise membership fees, as Costco typically does so every five years and seven months.

via AOL|

#business #costco #foot-traffic

business2 years ago•3 min saved

"Cracker Barrel and Olive Garden struggle to win back Covid-wary older customers"

Cracker Barrel and Olive Garden are struggling to attract older customers back to their restaurants, even as the Covid pandemic recedes. The over-65 age group, which is particularly value-conscious, has not yet returned to pre-pandemic levels of foot traffic due to health concerns and inflation. Both Cracker Barrel and Darden Restaurants, the owner of Olive Garden, have reported declining visits from older customers, while younger consumers have held up better. Despite overall traffic declines, Darden Restaurants has seen an increase in younger consumers. Cracker Barrel's sales have been driven by higher prices, while its retail stores have experienced a decline.

via CNN|

#business #cracker-barrel #foot-traffic

business3 years ago•5 min saved

"San Francisco's Retail Exodus: Experts Reveal the Real Reasons Behind the Ghost Town Phenomenon"

San Francisco's downtown retail district has experienced a significant exodus of stores since 2019, with nearly half of the stores closing. While crime and homelessness have been cited as factors, experts point to a combination of issues driving companies away, including a diminished sense of safety, sluggish sales due to the shift towards online shopping, and the rise of remote work reducing office commuters. The closure of well-known brands like Whole Foods, Old Navy, and Nordstrom highlights the challenges faced by retailers. While crime remains a concern, experts emphasize the need for a multifaceted approach to revive the city's retail sector, including addressing safety, reducing apartment rents, and creating attractions to draw visitors.

via ABC News|

#business #crime #foot-traffic