Read Placer.ai’s latest Quarterly Index to see how the Grocery,
Superstores, Discount & Dollar Stores, C-Stores, Dining, Movie
Theaters performed in Q3 2023.
Q3 2023 Overview
Inflation and high interest rates continued to weigh on consumer foot traffic in Q3
2023, with Overall Retail foot traffic (including Apparel, Department stores, Malls, and
Specialty Stores) falling 2.8% year over year (YoY). And as consumers cut down on
discretionary spending, Dining visits fell 2.4% YoY. Superstores and Grocery Stores
also experienced visit dips of 2.1% and 1.4%, respectively, and C-Store foot traffic
remained stable, with shoppers likely minimizing non-essential purchases that could
have driven visit growth.
Meanwhile, Discount & Dollar Stores visits increased 3.4% YoY as shoppers traded
down and looked for discounts. And with some consumers preferring spending their
limited budgets on experiences rather than on products – and helped by the
impressive success of Barbie and Oppenheimer – Movie Theaters foot traffic also
skyrocketed.
