Get Moblico news: TXTJOIN” to 833-338-4330

Chat with us: TXT or Call 855-662-5426

Moblico Blog banner
Team Moblico

Team Moblico

Pandemic Revenue Index Spikes 29.2% Due to Favorable Calendar Comp

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

https://www.mdm.com/news/research/pandemic-revenue-index-spikes-29-2-due-to-favorable-calendar-comp/?utm_source=rss&utm_medium=rss&utm_campaign=pandemic-revenue-index-spikes-29-2-due-to-favorable-calendar-comp

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Aug. 31 to Sept. 4 indicated a 29.2% increase compared with the same week a year ago, which is driven by Labor Day falling during this same week in 2019, thus, resulting in a five-day week in 2020 versus a four-day week in 2019.

Even with the five days vs four comparison, one participant saw a sales decrease. The increases ranged from 5% to 70%, which adjusted for the additional selling day would equate to negative 16% and positive 36%.

“Considering there were 25% more selling days in 2020, a normalized increase would be 3.4%. We’ll see to what degree the trend occurs in the reverse next week,” said Mike Emerson, IRCG partner.

The post Pandemic Revenue Index Spikes 29.2% Due to Favorable Calendar Comp appeared first on Modern Distribution Management.

More to explorer

RBC Bearings Sales Down 19.6% in Fiscal 2Q

https://s33009.pcdn.co/news/operations/rbc-bearings-sales-down-19-6-in-fiscal-2q/?utm_source=rss&utm_medium=rss&utm_campaign=rbc-bearings-sales-down-19-6-in-fiscal-2qBearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL), Oxford, Connecticut, reported sales for the second quarter of fiscal 2021 of $146.3 million, down

Heritage Landscape Acquires Irrigators Supply

https://www.mdm.com/news/operations/heritage-landscape-acquires-irrigators-supply/?utm_source=rss&utm_medium=rss&utm_campaign=heritage-landscape-acquires-irrigators-supplyLandscape distributor Heritage Landscape Supply Group Inc., a McKinney, Texas-based subsidiary of SRS Distribution, has acquired Irrigators Supply Inc., a family-owned distributor

MRC Global 3Q Sales Plummet 38%

https://s33009.pcdn.co/news/operations/mrc-global-3q-sales-plummet-38/?utm_source=rss&utm_medium=rss&utm_campaign=mrc-global-3q-sales-plummet-38Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC), Houston, reported third-quarter sales of $585 million, down 38% from the same