• Media & Technology

    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
    • Media & Technology

    What kind of consumers did LULU acquire with its purchase of Mirror?

    The home fitness industry is growing rapidly, with several companies now offering interactive fitness hardware with subscription access to classes, private training, or workouts. High-tech at-home workouts have been increasing in popularity, and among select private companies in this space, recent growth has been impressive. Our data indicates that Q2 2020 saw nearly 780 percent … Continued
    • Media & Technology

    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. The streaming industry’s sales grew 47 percent year-over-year in April 2020 compared to a 39 percent year-over-year sales increase in April 2019. Mandatory stay-at-home-orders, combined with the entry of a new market player, Disney+, and the rising popularity of … Continued
    • Media & Technology

    Discretionary Spending Up Among Stimulus Payment Recipients

    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
    • Media & Technology

    Consumer spending shifts by industry in the COVID-19 era

    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