Each week, we’ll be tracking a snapshot of year-over-year distributor revenue with our Pandemic Revenue Index (PRI). We would like to increase the sample size and are asking you to consider helping the industry through these uncertain and unprecedented times. If you are interested, reach out to Mike Emerson, at memerson@ircg.com. The sample size for the week of May 25-29 is 10 firms, which is the same as last week.
After 10 weeks of sales declines including nine weeks of double-digit declines, last week showed an increase in sales relative to last year, albeit very small. As a point of reference, Memorial Day fell in the same week last year, so the comparison is between two short business weeks.
The results were driven by four companies showing growth, with three showing double-digit growth over the same week in 2019. The growth was not localized as the participants hail from the West Coast, Mid-Atlantic, Midwest and Southwest regions. Eight of the 10 participants showed improvement from the prior week.
Thanks for following along with us as we analyze the impact of this pandemic. As we collect more experiences, we will continue to share patterns as they emerge. Let’s hope this upward trend continues.
