The coronavirus pandemic has been, to say the least, grim for business. Widespread layoffs and furloughs have prompted about 21 per cent of the US labor force to file for unemployment benefits since mid-March, and economists say the United States is likely already in a recession. And even as states begin to reopen, many of the jobs that have been lost may never come back.
Activision Blizzard said "Call of Duty: Modern Warfare," which came out in September, has sold more copies than any other "Call of Duty" title at this point after its release. Sales were $1.52 billion in the first quarter, up 21 per cent compared with last year's $1.26 billion. Sales this spring were driven by the breakout success of "Animal Crossing: New Horizons," a game set on an island utopia. The company sold more than 13 million units of the game in its first six weeks. The Nintendo Switch console also continues to be hard to find, with the company selling more than 21 million units during the last fiscal year.People can't stop sanitizing, bleaching and cleaning every nook and cranny of their dwellings.
In March and April, the sales of aerosol disinfectants jumped 230.5% and multipurpose cleaners 109.1 per cent from this time last year, according to research firm Nielsen.Peloton makes in-home workout products, including bikes and treadmills. Unsurprisingly, it reported Wednesday a blowout quarter: Revenue grew 66 per cent and membership for its app rose 30 per cent.
The results "exceeded our expectations," said CEO Ethan Brown. In the United States, retail sales grew 157 per cent compared with the same period last year. The plant-based meat company is in a strong position as it moves into the Chinese market and as the US faces a national meat shortage.3M said the virus spurred "strong growth" for its personal safety products, including gowns and the N95 respirator masks needed by medical professionals.
There should be a special tax on any business that's making above normal profits right now.
You forgot fabric and quilt shops.. they cant keep up with fabric and elastic for masks. Really.