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
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