Instant delivery companies proliferated early in the pandemic, especially in urban markets like New York City and Boston. But for many of these companies, their life cycle has also been ultrafast. In recent months, instant delivery competitors including Jokr, Buyk, and Fridge No More have permanently shut down or ceased operations in the U.S. However, one of the more established rapid delivery companies, Gopuff, is continuing to expand into new domestic and international markets.
Consumer transaction data reveals that Kohl’s sales in May 2022 were lower year-over-year, but higher than pre-pandemic levels. At the same time, Kohl’s had the highest share of national sales among major department store competitors—Kohl’s Corporation, Nordstrom Inc, Macy’s Inc, Hudson’s Bay Company, Dillard’s, and J.C. Penney—as of May 2022.
National discount retail chain Big Lots (NYSE: BIG) reported an earnings miss in its most recent fiscal quarter, joining other major retailers like Walmart (NYSE: WMT) and Target (NYSE: TGT), whose company performance and earnings have also been hit hard by rising labor costs and supply chain issues. Consumer transaction data shows that both customer counts and sales at Big Lots declined year-over-year from January through April of 2022, but average transaction values were higher than pre-pandemic levels.
As we enter the new summer season, consumer transaction data shows that among major car rental and car sharing services, Turo—which filed for an IPO earlier this year—has seen the most growth in sales and customer counts over the past three years.
Shortly before announcing its first quarter earnings results, DTC home furnishing company Wayfair Inc (NYSE: W) launched its fifth annual Way Day sales event. Here's how sales during Way Day week in 2022 stacked up against previous Way Day sales.
While some video streaming platforms have recently implemented ad-supported tiers or experienced declining subscriber counts, our data shows that as of March 2022, major music streaming subscription services like Spotify (NYSE: SPOT) and Amazon Music continued seeing subscriber growth in the U.S. for their paid subscription plans.