• Health

    COVID-19 Industry Tracker

    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
    —
    • Health

    Gym sales warm up as home fitness cools down

    Fitness centers and gyms in many states are reopening as vaccination rates continue to increase. However, while gym facilities were closed early in the pandemic, many people turned to home fitness companies for workout equipment. Sales growth skyrocketed for home fitness brands over the past year, and one emerging player in the industry, Mirror, was … Continued
    —
    • Health

    DTC companies give vitamin industry a boost

    The pandemic has had a mixed impact on vitamin companies. While wellness giant GNC declared bankruptcy in June and announced it would close 1,200 stores, DTC vitamin companies are flourishing. More specifically, ecommerce vitamin companies like Ritual and Persona have seen their sales and market share increase during the pandemic—appealing to customers through a combination … Continued
    —
    • Health

    Renewed appetite for meal kits has sales rising at HelloFresh

    The struggling meal kit industry has flourished in the COVID-19 era. Whereas industry sales had previously fallen 5 percent in July 2019, the industry has gained tailwinds a year later, growing an average of 101 percent in July 2020. As shelter-in-place orders left many Americans with extra time for home cooking, a closer look at … Continued
    —
    • Health

    Pandemic fuels telehealth industry growth

    COVID-19 has catalyzed sales growth in the telehealth industry, as patients turn to online doctors as a safer and more convenient way to receive medical advice. The industry has witnessed skyrocketing year-over-year growth since March 16, the week most states issued shelter-in-place orders, and has since sustained strong growth. Year-over-year growth reached a five-year high … Continued
    —