Thursday March 26, 2020
Here are some statistics on just how fast the shut down has affected various industries. Already I
Restaurants
- Weekly revenue is down 48% YoY. Daily revenue levels dropped to as low as 65% YoY last Saturday, and that number continues to drop rapidly.
Grocery stores
- Driven by consumer panic, grocery stores saw their highest daily revenues for 2020 last Monday, with consumer spending up 100% YoY. Weekly revenue is up 64% YoY.
Lodging
- Weekly revenue is down 75% YoY. Daily revenue levels dropped to as low as 79% YoY last Saturday.
Arts and entertainment
- Weekly revenue is down 78% YoY. Daily revenue levels dropped to as low as 100% YoY last Tuesday.
Bars
- Revenue Saturday was down 63% YoY, and (like restaurants) with many bars closed or only open for take out, that number should continue to drop rapidly. Weekly revenue is down 39% YoY.
Retail
- As of last Saturday, local retail still hadn’t yet felt the full force of social distancing measures. Revenue Saturday was down 10% YoY, while weekly revenue up 7.5% YoY.
Firearm and Sporting Goods Stores
- Driven by consumer panic to buy guns and ammo, firearm and sporting goods stores saw their highest daily revenues for 2020 last Wednesday, with consumer spending up 204% YoY. Weekly revenue is up 161% YoY.
Transportation
- With federal and state governments encouraging citizens to remain home, weekly revenue for the transportation sector is down 87% YoY.
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