Even staple categories like grocery are facing upheaval as COVID-19 continues to impact U.S. consumer spending. While grocers themselves have seen some shifts in spending behavior, the largest change has taken place among delivery services, which saw sales increase 146 percent year-over-year.
High-tech at-home workouts have been increasing in popularity, and among select companies in this space—including the recently acquired Mirror—recent growth has been impressive.
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.
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.
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?
Earlier this year, the dawn of COVID-19 triggered mass stockpiling of toilet paper, causing widespread shortages. Our data shows that one company in particular has benefited from this: Tushy, which sells bidets and bamboo toilet paper.
