With COVID-19 cases continuing to rise nationwide, holiday shopping is expected to further transition away from brick-and-mortar stores and toward e-commerce. The shift to purchasing gifts online has strong implications for DTC wine subscription companies, which have historically experienced significant sales increases during the holiday season and have further exploded in popularity during the pandemic. … Continued
Meal delivery sales are expected to spike as more Americans shelter at home during the coronavirus outbreak. Our data shows sales did grow year-over-year in February, but not as much as many predict they will in March.
U.S. consumer spending has been altered by the coronavirus pandemic. Our data reveals that consumers are changing the way they pay for goods and services, with some industries seeing spending shift toward online purchases. Additionally, the pandemic has changed the types of purchases consumers are making, with stimulus recipients increasing their spending on big-ticket items. … Continued
As some U.S. employers consider expanding the role of telework at their companies, many Americans may be working remotely indefinitely and have the freedom to flee COVID-19 hot zones in favor of greener pastures. By using grocery spending as a proxy for residency, transaction data reveals which of the states hardest hit by the pandemic … Continued
The popularity of alcohol delivery services has skyrocketed with the introduction of pandemic-driven social distancing policies. Given the closure of bars across the country, consumers are turning towards more convenient alternatives to get their happy hour beverages. Within the alcohol delivery market, Drizly has set itself apart from the crowd. The company—which recently raised $50 … Continued
The struggling meal kit industry has flourished in the COVID-19 era. Whereas industry sales had previously fallen 6 percent in July 2019, the industry has gained tailwinds a year later, growing an average of 105 percent in July 2020. As shelter-in-place orders left many Americans with extra time for home cooking, a closer look at … Continued