Despite the major wallop that was unleashed by the pandemic, retail continues to be about location, location, location. As a result, retail's recovery has varied widely in the past several months for many reasons but primarily because of where the store is located.
Placer.ai recently examined the retail space to pinpoint how the recovery unfolded toward the end of 2020. Since mid-June, overall retail visits were down between 11% and 15%. And while this number seems relatively strong, it is buoyed by the improved performances of sectors such as home improvement and grocery.
Another key takeaway is the wider retail landscape was posting steady improvements heading into the holiday season, prior to the resurgence of COVID cases in November.
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