The Seattle Times: Amazon prepares first earnings report from coronavirus era, as pandemic accelerates retail trends in its favor
Story originally appeared in The Seattle Times on April 29, 2020. Excerpts from the story below. To see the full story visit SeattleTimes.com.
That month, about 48% of U.S. consumers said they were spending less recently due to coronavirus, including 22% who said their spending dropped significantly, according to a survey of about 1,100 people by Blue Yonder, which provides software and services for online retailers, fulfillment and supply chain companies. In a follow-up survey this month, 68% of respondents reported spending less.
Shopping habits have also changed in favor of Amazon and its online retail competitors. About 56% of the March survey respondents said they were shopping more online because of the pandemic, including 23% who reported shopping online “a lot” more.
Blue Yonder’s April survey revealed surging interest in grocery delivery, with 38% of respondents having attempted to use a service. More than two-thirds said they had done so successfully and nearly 40% were planning to continue buying groceries online.
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