Today in Data: Retailers Expect Customer Loyalty Amid Growing Inflation

Today in data, workers’ favorite lunchtime spots are dishing out servings of “lunch-flation” two years after the start of the COVID-19 pandemic. Plus, Ollie’s Bargain Outlet expects to benefit from consumers’ “trade down effect” as gas prices and inflation continue to stretch every dollar, and Tommy Bahama parent Oxford Industries expects consumers to continue paying full price for their desired brands.

Data

431: Number of Ollie’s Bargain Outlet stores in 29 U.S. states

12.6M: Number of Ollie’s Army loyalty program members

80%: Share of Oxford Industries’ sales that are through direct-to-consumer channels

$1M: Value of women’s sportswear Oxford sold online in a single day in February

18%; 14%; 12%; 11%: Average price increase year-over-year for wraps, sandwiches, tacos and salads, respectively