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How Five Below Can Use Location Data to Spot New Emerging Areas

VP Marketing at Unacast
May. 24, 2021
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How Five Below Can Use Location Data to Spot New Emerging Areas

  1. How Five Below Can Use Location Data to Spot New Emerging Areas RETAIL | REAL ESTATE | TELCO | ANALYTICS | GOV | FINANCIAL SERVICES
  2. Unacast is a location data & analytics company WHO WE ARE 2 ESTABLISHED: 2015 FUNDED: Telia, Openocean, Whitestar Capital, Investinor. $35m raised so far TRUSTED BY SERVING CLEAN, DECISION-READY LOCATION DATA FOR LEADERS IN Retail Real estate Travel & tourism Healthcare Telco Government & municipalities
  3. Sample Case Study: Five Below
  4. Find out which areas have gaps in the local marketplace. Unacast Human Mobility Insights Population Indicators Migration Trends Income Patterns Neighborhood Recovery Indicators 4 How location data can help retailers and real estate 1 2 3 Identify areas with depleting population/growing population. Benchmark competitors’ peak visitations, foot traffic, and uncover previously unknown competitors.
  5. 5 Identify areas with growing population 1
  6. 6 Identify areas with growing population 1
  7. 7 Benchmark competitors’ peak visitations, foot traffic, and uncover previously unknown competitors 2
  8. 8 Weekly Visitors, 3/15/2020 - May 10, 2021 Family Dollar on E 3750 S captures the highest amount of weekly visitors. Benchmark competitors’ peak visitations, foot traffic, and uncover previously unknown competitors 2
  9. 9 Q1 2021 vs Q12020 Benchmark competitors’ peak visitations, foot traffic, and uncover previously unknown competitors 2
  10. 10 One-third of Family Dollar’s, E 3750 S location, customers travel > 6 miles. Find out which areas have gaps in the local marketplace 3 Q12021 - Distances Traveled from Home
  11. Q&A 11
  12. 12 Q&A Have data clients asked about iOS ATT potential drop on devices will affect data quantity. Apart from local population - any way to track tourists, transients and event associated traffic? For example, there's a monthly event that happens in the area that leads to a surge of new clients. What are the major expectations of the end user industry from data and platform providers? How have they emerged post pandemic? 1 2 3
  13. Q&A 13 Thank you for your attention! For a complementary, 7-day trial, please visit: https://www.unacast.com/solutions/data-portal Or email at: tesh.patel@unacast.com

Editor's Notes

  1. Good morning, evening or afternoon depending on where you’re dialing in from. I see we have quite a few familiar names and faces today. A big welcome to everyone who’s joined us. My name is Tesh Patel. Sr Director Sales w/ UC covering both retail and real estate verticals Prior background in alternative data and consumer insights Our clients use Human Mobility insights to optimize site selection, improve portfolio management and make rapid data driven decisions
  2. For those new to Unacast, we are a data first company. Data science is at the heart of everything we do. Our products are catered to data savvy professionals who are looking for decision ready location data across a number of verticals. In total, we’ve invested close to $35M into our IP having created a derivative number products to answer situational or strategic questions.
  3. Full disclosure: we are not working with Five Below; however would like to use this as an educational piece and highlight how this type of data can provide additive value into the retail site selection process as you work with your clients. We’ll approach this through the lens of the real estate group within the brand. For context -- New Markets. 2021, plans to open 170-180 new stores (up from 120 in 2020). Will enter two (2) new states: Utah & New Mexico. Distribution. 2021, expanding DC network w/additional Arizona facility. Assortments & New Concepts. Expanding “Five Beyond” in-store concept to 30% of fleet, by end of 2021, w/assortments above signature $5 threshold.
  4. Today, we’ll play the role of a real estate group within Five below to answer 3 strategic questions. Through this, we’ll explore population indicators, migration trends, income patterns and neighborhood recovery indicators. We’ll begin with a data pull demo and then dive right into the sample analysis. Offering a 7-day data trial...if at the end of this analysis towards the Q&A, please drop a message in the chat and we’ll get you setup. Let’s get started. [ CUT TO DATA PORTAL ]
  5. US areas with income and population growth. 1 sample time period: Jan 31-2/27, 2021 Feature: 49035102000 Census Tract 1020, Salt Lake County, Utah Data Portal Preload --- Migration Patterns, Census Tract Migration flow by Month
  6. US Counties with declining incomes and population. Data Portal Preload --- Migration Patterns, County Migration flow by Month Mar 19, 2020 - Feb 1, 2021
  7. Competitive set in Utah. Data Portal Preload --- Venue Package, Venue Traffic By Month
  8. State Street corridor which is ~17 miles long, is one of the main arteries in SLC. Time period: post pandemic, Mar 15, 2020 - May 1, 2021 Data Portal Preload --- Venue Package, Venue Foot Traffic Week Salt Lake City Mar 15, 2020 - May 1, 2021 Family Dollar/ Dollar Tree
  9. Neighborhood Activity provides ground level insights either daily, weekly or monthly. Data Portal Preload --- Neighborhood Package, CBG Foot Traffic Month SLC County Q1 2020 vs Q1 2021
  10. Conduct deep trade area analysis w/ catchment area analysis Distances traveled from either home or work. State Street corridor which is ~17 miles long, is one of the main arteries in SLC. Time period: Q1 2021 Data Portal --- Catchment Areas metrics will arrive towards end of May.
  11. We are offering a 7-day trial which you can register for at the link above.
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