Author: Janine Perri

    Kung Fu Tea sales pop despite boba shortage

    Consumer transaction data for large national chain Kung Fu Tea reflects that demand for bubble tea has been rising during the pandemic, but so far does not indicate that the boba shortage is affecting the company’s sales or customer counts.

    Ahead of IPO, Sweetgreen’s online sales soar

    One of the largest salad chains, Sweetgreen, recently filed for an IPO, which would make it an early player among major salad chains to go public. Sweetgreen’s emphasis on healthy, sustainable food as well as a seamless digital experience has resulted in significant growth over the past several years.

    DTC flower sales have blossomed during the pandemic

    For some seasonal industries, the COVID-19 pandemic has spurred increased demand outside of the typical busy season. This is particularly true for the direct-to-consumer (DTC) flower industry—including flower subscription box companies—which experienced strong sales growth throughout 2020 and early 2021.