| February 2022 Earnest Research Spend Index
Earnest Research Spend Index (ERSI) reaccelerated from January, recovering from two months of consecutive
| January 2022 Earnest Research Spend Index
Earnest Research Spend Index (ERSI) growth remained above year-ago levels but decelerated for the
| December 2021 Earnest Research Spend Index
Earnest Research Spend Index growth decelerated from November as online spend fell below year
| In-store Conversions Key to 2021 Holiday Performance
Converting store visits to spending was the key to 2021 holiday retail performance during
| November 2021 Earnest Research Spend Index
Earnest Research Spend Index growth was flat compared to October, with an online spend
| October 2021 Earnest Research Spend Index
The Earnest Research Spend Index decelerated compared to the prior month with a deceleration
| Instacart’s Growth Stalling
An analysis of Earnest Research data by Emory professor Dan McCarthy noted that GMV