To learn how your business can use foot traffic analytics to analyze company performance, contact one of our location intelligence experts today. Therefore, it’s not too surprising that Lowe’s is partnering with Petco to offer pet supplies and services in its stores. For example, Menards offers its customers access to pet supplies, home decor, and grocery departments along with construction and home improvement supplies. Smaller home improvement brands often have a more diverse business model that goes beyond only offering home improvement goods and services. How can bigger home improvement chains get customers to shop in-store? They should consider emulating the in-store customer experience of regional and local home improvement stores. We predict that regional home improvement brands can expect more foot traffic than big brands, such as Home Depot and Lowe’s. In fact, visit per store have been running higher every month since July 2021, with the exception of September, when visits were essentially flat Yo2Y.What to Expect in 2022: Going Beyond Home ImprovementĪlthough foot traffic to these retailers is highly seasonal, home improvement stores will have some work to do in order to bring foot traffic back to 2021 summer levels. See how these two big retail hardware brands stack up in different states throughout the U.S. Foot traffic last year was significantly higher than 2019 and that remains the case in 2021. JanuLast updated: FebruGet data for any location Start your search We measured Home Depot foot traffic compared to one of its biggest competitors, Ace Hardware. In January, total visits tumbled 21.1% on a two-basis, but visits per store rose 6.5%. The 18-acre property at 1095 Pullman Street is home to a 225,000-square-foot Home Depot store. Although the off-price home furnishings chain experienced fewer overall visits, the number of visits per store has shot up. The story was different for Tuesday Morning, which shuttered roughly 30% of its stores before existing bankruptcy in early 2021. ![]() fourth year in a row of declining foot traffic and loss of position to its competitors. On a two-year basis, January visits were up 2.8% for At Home, 7.3% for HomeGoods and 58.4% for Floor & Decor. From the time of its founding in 1978 until 2000, The Home Depot. Increased cost to advertising on Amazon is top challenge for brands. Subway is for sale - who’s buying We explored Subway foot traffic in the midst of the news that it may be exploring a sale.
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