Industries Which Are Booming During the Pandemic

Industries Which Are Booming During the Pandemic

The coronavirus pandemic has caused multiple businesses to close up. Many workers have gone on compulsory leaves, and others forced to survive on half-pay. Despite the grim reality, there are specific industries that are benefiting from the pandemic.

Such industries are experiencing enhanced sales of their products and services. For instance, lottery sales are up at the moment. Some other industries that are booming at the moment are listed and explained below:

Stitch and Story

Stitch and Story is a virtual company that specializes in providing tutorial lessons and materials for individuals who want to learn how knitting and crocheting. The company has experienced massive expansion recently because many people are in a lockdown due to COVID 19.

At the climax of the pandemic in March 2020, the company recorded sales of 800% compared to the previous year. Tired of scrolling through their phones and watching television, many people are now turning to mentally engaging crafts. Crocheting is seen as a better alternative.

Tone & Sculpt

Created by Kriss Cela, this is a nutrition and fitness-based app that aims at creating a world community of women who want to keep a good shape. During COVID 19, many people don’t go to a gym because of the need for social distancing. This has prompted many individuals to download the app for the best tips on nutrition and workout.

In April 2020, the downloading rate soared to 88% compared to the same period last year. This turnover is attributable to the current pandemic situation in the country. Ms. Cela observes that her tutorials assist people in staying fit during this time when many people can easily get stressed.

Laithwaite’s Wine

Despite the pandemic, many people aim at remaining cheerful. Laithwaite’s wine is a firm that does wine delivery to individuals to enable them to remain lively. During April 2020, the company recorded an increase of 117% sales in comparison to last year. Even when conversing at a distance, having a glass of wine on the Zoom platform makes individuals more sociable.

Many people avoid visiting supermarkets due to the pandemic and order their wines online. The company’s customer base has increased to 300% during the pandemic. The company’s sales level has increased and is comparable to the one witnessed during holidays like Christmas. 

Netflix 

In case you’re not concerned about keeping fit or getting some new skills, you can decide to take a seat and watch television. One of the best techniques to get entertained during this hard time is through media streaming. For instance, during the pandemic time, Netflix subscribers have gone high.

Boohoo

Many fashion businesses are closing down during the pandemic period. The international supply chain has been interrupted, and many people don’t venture out of their homes to buy clothes. However, Boohoo has come up with a strategy that enables it to sell its clothes. The company is focusing on particular cloth items like hoodies, joggers, and others. These are garments that people need while staying at home.

Conclusion 

Although many firms are closing their businesses during this pandemic, there are those whose businesses are soaring. This blog has captured some of the firms recording a booming business during this time.