Whataburger, Wawa and Bob’s Discount Furniture Top Brands to Watch in 2023
Bob’s Discount Furniture — the third business to watch on the list — has held on to gains made during the height of the COVID-19 pandemic when consumers looked to spruce up their homes, according to Placer.ai. While overall visits to furniture stores fell 16.1% and 22.2% in October and November last year compared to 2019, visits to Bob’s Discount Furniture grew 27.6% in October and 13.4% compared to their 2019 numbers. Placer.ai predicted that Bob’s Discount Furniture’s store placements in areas with lower home values could be a good strategy, because homeowners might opt to refurbish their existing homes rather than purchase a new home amid high home prices.
The burger chain, convenience store and discount furniture retailer are joined in the top five by the food and entertainment venue Dave & Busters, which last year acquired its rival Main Event Entertainment, and Hibbett Sports, the sporting goods retailer that has seen increased foot traffic and focuses on opening stores away from competitors often in rural markets, according to Placer.ai.
Other brands and retailers in the top 10 include:
- Five Below
- Boot Barn
- Grocery Outlet Bargain Market
- Altar’d State
- Total Wine & More