How Five Below Can Use Location Data to Spot New Emerging Areas
How Five Below Can Use
Location Data to Spot
New Emerging Areas
RETAIL | REAL ESTATE | TELCO | ANALYTICS
| GOV | FINANCIAL SERVICES
Unacast is a location data & analytics company
WHO WE ARE
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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
Find out which areas have gaps
in the local marketplace.
Unacast Human Mobility Insights
Population
Indicators
Migration
Trends
Income
Patterns
Neighborhood
Recovery Indicators
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How location data can help retailers and real estate
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Identify areas with depleting
population/growing population.
Benchmark competitors’ peak
visitations, foot traffic, and
uncover previously unknown
competitors.
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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
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Q1 2021 vs Q12020
Benchmark competitors’ peak visitations, foot traffic,
and uncover previously unknown competitors
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One-third of Family Dollar’s, E 3750 S location, customers travel > 6 miles.
Find out which areas have gaps in the local marketplace
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Q12021 - Distances Traveled from Home
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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?
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Q&A
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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
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
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.
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.
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 ]
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
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Migration Patterns, Census Tract Migration flow by Month
US Counties with declining incomes and population.
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Migration Patterns, County Migration flow by Month
Mar 19, 2020 - Feb 1, 2021
Competitive set in Utah.
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Venue Package, Venue Traffic By Month
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
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Venue Package, Venue Foot Traffic Week
Salt Lake City
Mar 15, 2020 - May 1, 2021
Family Dollar/ Dollar Tree
Neighborhood Activity provides ground level insights either daily, weekly or monthly.
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Neighborhood Package, CBG Foot Traffic Month
SLC County
Q1 2020 vs Q1 2021
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
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Catchment Areas metrics will arrive towards end of May.
We are offering a 7-day trial which you can register for at the link above.