Re:The state of the restaurant industry
by jaxn on Tuesday March 17, 2020 @07:57PM
(#22612039)
Most of those changes were AFTER this data represents. The situation escalated very quickly.
I have a niche SaaS that helps brick and mortar retail stores in North America. There was a drastic shift on Thursday. And it escalated daily.
To give a sense of the speed and scale of the shift. All of 2020, at least 1/2 of stores were up at least 10% daily (great growth for retail).
On Thursday, a majority of stores were down for the first time all year. By Sunday, 3/4 of stores were down at least 10%. On Monday, 1/4 of stores were down 50% for the day.
I am not looking forward to reviewing the numbers tonight.
I have a niche SaaS that helps brick and mortar retail stores in North America. There was a drastic shift on Thursday. And it escalated daily.
To give a sense of the speed and scale of the shift. All of 2020, at least 1/2 of stores were up at least 10% daily (great growth for retail).
On Thursday, a majority of stores were down for the first time all year. By Sunday, 3/4 of stores were down at least 10%. On Monday, 1/4 of stores were down 50% for the day.
I am not looking forward to reviewing the numbers tonight.