Author: Liyin Yeo

    Specialty outdoor retailers show signs of speedy recovery

    Specialty outdoor retailers are showing strong recovery amidst slower growth in the retail sector. In spite of national park restrictions and summer camp closures due to COVID-19, the second quarter of 2020 saw year-over-year sales growth skyrocket for fishing, hunting, and boating companies, as U.S. consumers sought safer ways to enjoy their free time.

    Streaming services sales up 50 percent during the COVID-19 era

    As U.S. consumers stay home amid the pandemic, they are flocking to streaming services for entertainment. Mandatory stay-at-home-orders, combined with the entry of a new market player, Disney+, and the rising popularity of socially-distant gatherings like Netflix parties, have led to the industry’s growing success.

    For restaurants, COVID-19 recovery varies greatly by state

    After sheltering in place for weeks, American consumers are warming up to the idea of dining out, opening both their mouths and wallets to restaurant chains across the nation. As some states begin phased re-openings, spending at quick-service restaurants year-over-year has grown in many states, especially those where shelter-in-place orders have been lifted. Meanwhile, year-over-year sales at full-service restaurants are still down nationwide.