PETITION

We all know the pervasive narrative: when faced with a decision between purchasing expensive new dress shoes (a/k/a “deal sleds”) or tickets to Coachella, a lot of people today opt for those festival tickets. Why? Experiences. Everything today is apparently about experiences.

McKinsey & Company once wrote that:

Over the past few years, personal-consumption expenditures (PCE) on experience-related services—such as attending spectator events, visiting amusement parks, eating at restaurants, and traveling—have grown more than 1.5 times faster than overall personal-consumption spending and nearly 4.0 times faster than expenditures on goods.

This strong growth in demand for experiences had, for some time, shown well for those already situated in the space. The surging demand for experiences, however, has attracted new entrants, and may soon produce winners/losers in the space. Dave & Busters Entertainment Inc. ($PLAY) — a family-friendly chain offering a sports-bar-style setting for American food & arcade games — acknowledges this potential, among other things, in its most recent earnings call, announcing disappointing numbers

THIS IS A PREMIUM MEMBERS ARTICLE, TO CONTINUE READING THIS AND MORE OF OUR KICK@$$ CONTENT, CLICK HERE.