As many Americans have spent weeks at home during the COVID-19 pandemic, apparel retail has been among the hardest hit industries, while ecommerce has been thriving. Where does this leave online sellers of secondhand fashion? Like the merchandise on their sites, the answer is a mixed bag. In recent months, year-over-year sales were down more … Continued
Author: Kate Gessner
The COVID-19 pandemic has crippled many traditional retailers, with previous analyses showing clothing store sales dropping by half, or more. As many Americans are still unable to patronize brick-and-mortars, that spending may be increasingly displaced toward online shopping. Nationwide, the latest data reveals that weekly ecommerce sales are up 80 percent year-over-year. The week of … Continued
In response to the coronavirus pandemic, the U.S. government has begun issuing economic impact payments via the IRS to qualifying Americans. To date, the majority of stimulus payments hit bank accounts on April 14, 15, 21, and 22. These cash infusions are helping U.S. consumers cover their basic expenses as well as stimulating the economy … Continued
In the COVID-19 era, U.S. pet owners are increasingly turning to Chewy.com, but shelter-in-place orders have been hard on Wag and Rover.
The coronavirus continues to impact Americans’ daily lives as many face the stark reality of shelter-in-place orders and a volatile financial market. By analyzing consumer spending, Second Measure transaction data can surface U.S. spending trends in near-real time to provide insights in these unprecedented times. Recent data reveals, as of the week of March 23 … Continued
Shelter-in-place orders in response to the coronavirus have pushed Americans to spend more at major office supply retailers, like Office Depot and Staples.