Pandemic Revenue index rebounds
Week of Sept. 14-18 showed a 4.9 percent increase over with the same week a year ago.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Sept. 14-18 indicated a 4.9 percent increase compared with the same week a year ago.
It marked the largest increase outside of a week distorted by a holiday.
The previous week showed a 12.7 percent decrease compared with the same week a year ago, but compared four days (due to Labor Day) with five selling days last year (no Labor Day).
Normalizing for average daily sales, this week’s increase makes six consecutive weeks of increases.
IRCG’s distributor Pandemic Revenue Index gives distributors a weekly quantified view into how other distributors in the industry are faring as the global COVID-19 pandemic progresses.
“Seven companies reported gains with four of them being double digits. Of the five companies that saw decreases, the range was from 3 percent to 30 percent, so there is still a fair amount of variance among the participants,” said Mike Emerson, IRCG partner.
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