Governments have forced retailers to shut down physical stores to try and slow down the spread of the coronavirus.They turned to the internet to boost their revenues during the pandemic.Making money is hard at the best of times, but during the pandemic some businesses have had to think long and hard about how to generate revenue as governments forced physical stores to shut down.
Between March and July, VanMoof said it sold roughly the same number of e-bikes as it did in the whole of 2019, generating nearly 40 million euros in revenue in five months. Carlier pointed out that the growth can't all be attributed to the coronavirus, saying a price drop on one model and the launch of a new one helped to boost sales.
"We were of course impacted by the closure of our icing cafes and an initial reduction of orders in our corporate division, which creates bespoke biscuits for business, although we have found that there has been growing demand for employee engagement gifting during lockdown," said Hastings. "We made sure to massively push advertising on social media and our website," John Stone, a director at Stone Tyres, told CNBC.
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