3rd Quarter Retail Recap


Video added by Progressive Real Estate Partners | Date Uploaded: November 02, 2021 | Date Created: October 22, 2021


According to the CDC, 60% of Californians are now fully vaccinated. So that’s a big factor in shoppers returning to stores. Costar recently released a report recapping retail activity in the third quarter of this year. Total retail sales, excluding eCommerce, are now 15% higher than pre-pandemic levels. Logically, the strongest shifts were in categories that were most affected by the pandemic, such as clothing, gasoline, and restaurants. According to Placer.ai, a company that measures foot traffic based on anonymous cell phone data, In June and July, foot traffic to fitness centers nationwide was down by only about 3% compared to 2019 data. In August, the gap increased to -4.8% because of increasing cases of Delta variant.

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