Thursday, September 16, 2021 3:09 PM
More than a year and a half into the coronavirus outbreak, large shares of Americans continue to see the coronavirus as a major threat to public health and the U.S. economy. And despite widespread vaccination efforts, 54 percent of U.S. adults say the worst of the outbreak is still to come, according to a new national survey by Pew Research Center.
The toll of restrictions on public activities in order to slow the spread of the coronavirus is deeply felt across groups: Overwhelming majorities say restrictions have done a lot or some to hurt businesses and economic activity and keep people from living their lives the way they want. Smaller majorities say these restrictions have helped at least some to prevent hospitalizations and deaths from the coronavirus and to slow the spread of the virus.
Still, when asked to issue an overall judgment, Americans on balance view the public health benefits of these restrictions as having been worth the costs (62 percent to 37 percent).
The survey revealed that 73 percent of those ages 18 and older say they’ve received at least one dose of a vaccine for COVID-19, with the vast majority of this group saying they have received all the shots they need to be fully vaccinated. About a quarter of adults, 26 percent, say they have not received a vaccine.
to read the full story from the Pew Research Center.
Thursday, September 16, 2021 12:30 AM
NEW YORK—The national average for gross revenue at ECP locations fell dramatically, by 20 index points last week (Sept. 6-12) due to Labor Day falling on Monday, Sept.6. When comparing this with the same week (Week 37) of the previous two years, 2021 was comparable to 2020 because Labor Day also fell within Week 37 of 2020 but not 2019, according to Jobson’s most recent Practice Performance Tracker. All optical sales categories decreased substantially last week because of the Labor Day holiday.
Wednesday, September 15, 2021 4:27 PM
WASHINGTON—Double-digit growth in imports at the nation’s largest retail container ports is slipping to single digits as pandemic-related supply chain disruptions around the world continue, according to the monthly Global Port Tracker report released last week by the National Retail Federation (NRF) and Hackett Associates.
“Year-over-year growth isn’t as dramatic as it was earlier because we’re now comparing against months when most stores closed by the pandemic last year had reopened and retailers were stocking up again,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We expected that. But we’re seeing issues ranging from port closures in Asia to ships lined up waiting to dock at U.S. ports.
U.S. ports covered by Global Port Tracker handled 2.19 million Twenty-Foot Equivalent Units in July, the latest month for which final numbers are available. That was up 2 percent from June and up 14.2 percent from a year earlier. A TEU is one 20-foot container or its equivalent.
Ports have not reported August numbers yet, but Global Port Tracker projected the month at 2.27 million TEU, which would be up 7.8 percent year-over-year. That would be the busiest August on record. But it would fall short of the 2.37 million TEU forecast for August a month ago, which would have broken May’s record of 2.33 million TEU for the largest number of containers imported during a single month since NRF began tracking imports in 2002. Click here
to read the full story from the NRF.
Wednesday, September 15, 2021 12:21 PM
It seems like new COVID-19 variants
are popping up every day, but according to WebMD
, "only four so far have raised enough alarm to warrant a World Health Organization 'variant of concern' designation—Alpha, Beta, Gamma, and Delta." Most recently, the Mu variant has appeared, and the WHO has classified it as a "variant of interest." Head over to WebMD
to learn what we know so far about the Mu variant.
Wednesday, September 15, 2021 12:04 AM
I would rather pay my staff than buy a new van and I think everyone is thinking that way right now. It's rough out there for small businesses.
Friday, September 10, 2021 11:35 AM
NEW YORK—With retailers mulling new or updated strategies for the second half of the year and beyond, they will need to gain greater understanding of which consumer behaviors have shifted permanently, which will revert to those of pre-pandemic times, and which will settle somewhere in the middle, according to a recent eMarketer
analysis of shopping trends.
One segment of e-commerce that retailers can look further into is subscriptions—an especially helpful retail model for replenishment items (for example, consumer packaged goods or beauty and personal care items). Subscription ecommerce sales took off amid the crisis, with 41 percent growth, according to eMarketer’s estimates. And the research firm now expects that 3 percent of U.S. retail e-commerce sales will come from subscriptions in 2021, totaling $27.7 billion and up more than $10 billion from just two years ago.
This trend is reflected in the report “FutureBuy 2021,”
a study from GfK, which found that 23 percent of respondents (a 7 percentage-point increase over 2020) said they are trying and are likely to continue shopping via subscription services. When broken down by generation, 34 percent of millennials (up by 16 percentage points) said they are likely to continue this shopping behavior. That was the highest percentage among all cohorts, followed by Gen Xers at 24 percent.
Friday, September 10, 2021 12:30 AM
NEW YORK—The national average for gross revenue at ECP locations fell last week, Aug. 30-Sept. 5, at a rate of -4 index points, likely impacted in part by the holiday weekend, although the actual Monday Labor Day holiday occurred one day after the period within which the numbers were tallied for last week (Week 36), according to Jobson’s most recent Practice Performance Tracker. In 2019, the actual Monday Labor Day holiday did fall within Week 36 of 2019 but not in 2020.
Thursday, September 9, 2021 12:04 AM
About three-quarters of Americans changed their shopping habits in 2020, and 40 percent of these changed brands—twice the rate in 2019. Younger people were more likely than older ones to switch. The implication is that, more than ever, companies can’t take their customers for granted. Loyalty must be earned time and again.
Wednesday, September 8, 2021 3:30 PM
Despite the severity of the shock to the U.S. labor market from the coronavirus pandemic, the earnings of employed workers overall were largely unaffected by the pandemic. Inequality in earnings did rise during last year’s recession, if the unemployed are assumed to have had no compensation. Even so, the spike was relatively short-lived, in keeping with the record low duration of the recession, according to a new Pew Research Center analysis of government data.
Earnings overall have held steady through the pandemic in part because lower-wage workers experienced steeper job losses. Thus, the typical employed worker in 2020 earned more than the typical employed worker in 2019. A slowdown in inflation in 2020 benefited all workers, boosting the purchasing power of their earnings. While unemployed workers lost their earnings, at least some relief came through unemployment insurance, a federal package known as the CARES Act and a moratorium on residential evictions.
As the pandemic struck, lower-wage workers proved most likely to experience a job loss. The shift toward higher-wage workers among the employed helped to raise the median hourly wage to $23 in the second quarter of 2020.
to read the full story from Pew Research Center.
Tuesday, September 7, 2021 12:04 AM
While the resurgence of COVID-19 and inflation concerns have dampened confidence, it is too soon to conclude this decline will result in consumers significantly curtailing their spending in the months ahead.
Friday, September 3, 2021 12:04 AM
Behavior is really going to determine if, when and how sustainably the current wave subsides. We cannot stop delta in its tracks, but we can change our behavior overnight.
Wednesday, September 1, 2021 12:24 AM
NEW YORK—The national average for gross revenue at ECP locations remained unchanged when comparing last week (Aug. 23-29) with the previous week (Aug. 16-22). This brings gross revenue to a level slightly above where it was at this point in time (Week 35) in 2019 but slightly below where it was at this time last year, according to Jobson’s most recent Practice Performance Tracker. All optical sales categories were either flat or down slightly when comparing last week with the previous week.
Wednesday, September 1, 2021 12:21 AM
BALTIMORE—The second annual Versant Health
Vision Wellness Study looked at people’s perceptions of eyecare during a landmark year for the health care industry, including the value of eyecare services, interest in telemedicine and concerns about eyecare costs.
Tuesday, August 31, 2021 9:03 AM
Nearly half of people who are hospitalized with COVID-19 suffer at least one lingering symptom 1 year after discharge, according to the largest study yet to examine the recovery of a group of COVID-19 survivors 12 months after the illness.
Tuesday, August 31, 2021 12:04 AM
We don’t seem to care that we have these really high infection rates. It looks like we’re just accepting it now—that this is the price of freedom.