• About Us
  • Contact Us
  • Write For Us
SMYE HOLLAND NEWS
  • Home
  • Business
  • Health
  • Lifestyle
  • Technology
  • Sports
  • Travel
  • News
  • Write For Us
No Result
View All Result
  • Home
  • Business
  • Health
  • Lifestyle
  • Technology
  • Sports
  • Travel
  • News
  • Write For Us
No Result
View All Result
Smye Holland Associates
No Result
View All Result
Home Business

How the Top 4 Booming Businesses in 2020 Succeeded

admin by admin
December 23, 2020
in Business
0
How the Top 4 Booming Businesses in 2020 Succeeded
0
SHARES
53
VIEWS
Share on FacebookShare on Twitter

Businesses across all industries have financially suffered as a result of the pandemic. Just as we thought life was returning to something close to normal in the UK, tighter lockdown restrictions forced many of us back into our homes once again. Despite current events drastically damaging the wealth of the UK’s hospitality and entertainment sectors in particular, we’ve seen them adapt their business operations to reflect current circumstances and get back on track to success once again.

With this said, there have been some businesses in particular that have experienced a financial boom since lockdown regulations began back in March this year. For these businesses, they were placed at an advantage when it comes to selling products that can be best used in the comfort of people’s homes. They have adapted their operations to place domestic living at the heart of their business plans.

Here with Snowshock, provider of commercial slush machines, we discuss the top four businesses that have not only survived but prospered in 2020. We will also explore how exactly this has been achieved.

Amazon’s record breaker

Amazon specialises in e-commerce, selling everything from clothes to cars, to computers. It seems the pandemic played advocate to owner Jeff Bezos’ financial success, as recent reports find his net worth has exceeded the £200 billion mark. This set a record in financial history as the world’s richest man.

Ever since the world implemented lockdown restrictions that forced the majority of us to spend several months indoors, his e-commerce business became a hotspot for online sales from individuals across the globe. This saw him gain power over 38 per cent of the e-commerce market.

So, how exactly did Bezos almost double his profits? First of all, since Amazon allow businesses from the majority of industries to sell their products via their site, those businesses’ in-store based competitors were inevitably placed on hold for the unforeseeable future. Already, Amazon’s dominating presence in the market was heightened by a lack of competition.

The next is the increased profit margins achieved by paid advertisement. It was reported by the first quarter of 2020 that Amazon experienced a 44% increase in revenues produced by selling advertisement. This generated $3.9 billion in just a few months. As businesses fight to keep their presence in the market throughout these difficult times, the demanding need for advertisement has inevitably benefited Amazon’s profits.

Other than Amazon’s successful e-commerce market, its additional products and services have boosted its financial success even more. The likes of Amazon Prime, a paid subscription service that allows members to access a wider range of movies, TV series, music etc., has also seen an increase in popularity over recent months as more and more people spend time cosied up in front of the TV.

Just Eat filling the nation’s stomachs

Helping bring our sorely missed restaurant cuisines direct to our door is online delivery provider Just Eat. Established in 2001, Just Eat has become a go-to delivery service for millions of households worldwide.

It’s no secret that the UK has a unified love for takeaway nights in front of the TV every once in a while. This adoration has only accelerated over the first six months of 2020 for Just Eat, as they reported over 77 million orders in the UK alone.

Just Eat has also acquired many new businesses partners in order to encourage their customers to purchase their food at home. Food suppliers such as Greggs and McDonald’s are amongst the many that have partnered with Just Eat this year and have excelled their financial success.

B&Q: the role that lockdown DIY had to play

Many of us chose to invest our time during lockdown into some DIY projects to do around the house. B&Q sales margins have greatly appreciated the nation’s new-found hobby. So much so, it’s recorded that the DIY and home improvement retailer witnessed profit margins soar by an incredible 25 per cent by June this year.

From painting the garden fence to renovating spare rooms that have been left untouched for years, B&Q is the ultimate provider for all things DIY. However, B&Q’s financial success is not the only home improvement provider that has seen their profits soar. The likes of Kingfisher has also jumped on board the nations DIY habits trend.

B&Q has placed an emphasis on their website’s advice and ideas section to help inspire users’ kitchen, garden, cabinets, and even sink-DIY aspirations. 

Supermarkets soaring profits

As the world fought over toilet paper and milk cartons, supermarkets including Tesco and Sainsbury’s sat back, relaxed, and watched sales margins soar. Unlike their rivals Morrisons, Aldi, and Lidl, Tesco placed an emphasis on home deliveries during lockdown, resulting in an 8 per cent increase in sales to £13.4 billion in just 13 weeks to May 30th.

Contributing another large sum to Tesco’s profits, their online delivery service has experienced a 49 per cent increase in online sales and peaked at 90 per cent in May this year. To help continue their online ordering success, Tesco were quick to notice that home deliveries weren’t going anywhere anytime soon and invested in the process of doubling their capacity. Their investment has paid off too, with their previous 600,000 delivery slots jumping to 1.3 million over a five-week course during the pandemic.

As for Sainsbury’s, they too have seen profit margins boom over the recent months. The first quarter of the year drew in 8.5 per cent higher sales margins. Similar to Tesco, they too have highlighted the nation’s demand for online deliveries, increasing their online orders from an average of 370,000 per week to 650,000 per week this year.

Throughout this time, Sainsbury’s has also used the pandemic to improve their businesses image. They have reported employing more than 25,000 staff to help support the surge of furloughed workers and redundancies during lockdown, and have also provided paid bonuses to 157,000 staff members to show their appreciation to their staff that have worked continuously throughout these tough times.

From online deliveries to Amazon’s gold mine, these businesses have been rewarded by significant increases in sales and profits. However, when the world begins to return to normal, how will they cope when their competitors return to the market once again?

Sources

https://www.diy.com/ideas-advice/1.hroot

Sainsbury’s quarterly sales jumps 8.5% as lockdown doubles online revenue

 Notes to editors

For more information please contact:

Email: james.patefield@mediaworks.co.uk
SOURCE

admin

admin

Related Posts

How do you get started with a cryptocurrency exchange?
Business

How do you get started with a cryptocurrency exchange?

May 27, 2022
When sourcing product or labour overseas, what criteria should be considered?
Business

When sourcing product or labour overseas, what criteria should be considered?

May 23, 2022
How To Promote Your Content Writing Services Via Social Media?
Business

How To Promote Your Content Writing Services Via Social Media?

May 23, 2022
Next Post
Netherlands Protestant Church Apologizes To The Jews

Netherlands Protestant Church Apologizes To The Jews

Author Cj Fosdick Releases Romantic Suspense Novel – The Accidental Heiress

Author Cj Fosdick Releases Romantic Suspense Novel – The Accidental Heiress

Chemical companies can weather the storm and become stronger

Chemical companies can weather the storm and become stronger

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

  • 52.2M Fans
  • 111 Followers
  • 51k Followers
  • 169k Subscribers

Recommended

How do you get started with a cryptocurrency exchange?

How do you get started with a cryptocurrency exchange?

2 days ago
Blood Test That Detects Up To 50 Types Of Cancer Works

Blood Test That Detects Up To 50 Types Of Cancer Works

7 months ago
Government Rectifies Plan That Put An End To Tax Reduction Of Marriages

Government Rectifies Plan That Put An End To Tax Reduction Of Marriages

1 year ago
Why You Need an Updated Skincare Routine in the Winter

Why You Need an Updated Skincare Routine in the Winter

6 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Business
  • Education
  • Finance
  • Food & Drinks
  • Health
  • Home Improvement
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Travel
  • World

Topics

Alex Syrov Attorney Marc Randazza become leaner business development content writing Corrupt Attorney Marc Randazza diet dissertation help dissertation writing guide Don Juravin Dwight Schar Dwight Schar Victims exercise Florida luggage stores get fit Gojek Clone google reviews health healthy eating HMO Property Designs hot tub hot tub running costs insurance agent jewellery jewlery luggage stores Marc Randazza multi-service business Neil Debenham on-line videos outsourcing software development overseas labour Paul Simonson PissedConsumer Randall Greene Randazza Legal Group real turquoise research paper help software development Spencer Schar Squarespace successful dissertations vitamins writing a research paper youtube
No Result
View All Result

Highlights

How to Run a Garden Hot Tub Without Breaking the Bank

Ultimate Guide about Writing a Successful Dissertation

3 Reasons why your vitamin routine needs to be upgraded?

When sourcing product or labour overseas, what criteria should be considered?

How To Promote Your Content Writing Services Via Social Media?

What is the Future of Mobile Gaming?

Trending

How do you get started with a cryptocurrency exchange?
Business

How do you get started with a cryptocurrency exchange?

by Richard Seargent
May 27, 2022
0

Because of its rapid rise in value earlier this year, cryptocurrency has emerged as a new asset...

Instructions for Writing the Perfect Research Paper Title

Instructions for Writing the Perfect Research Paper Title

May 27, 2022
Top Reasons Why Your Business Should Outsource Software Development Company

Top Reasons Why Your Business Should Outsource Software Development Company

May 27, 2022
How to Run a Garden Hot Tub Without Breaking the Bank

How to Run a Garden Hot Tub Without Breaking the Bank

May 27, 2022
Ultimate Guide about Writing a Successful Dissertation

Ultimate Guide about Writing a Successful Dissertation

May 27, 2022

Smye Holland Associates




We bring you the best and latest news from around the world.

LEARN MORE »





Recent News

  • How do you get started with a cryptocurrency exchange? May 27, 2022
  • Instructions for Writing the Perfect Research Paper Title May 27, 2022
  • Top Reasons Why Your Business Should Outsource Software Development Company May 27, 2022

Categories

  • Business
  • Education
  • Finance
  • Food & Drinks
  • Health
  • Home Improvement
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Travel
  • World

[mc4wp_form]

© 2018 JNews - City News Magazine WordPress theme. All rights belong to their respective owners.
JNews is a top selling 2018 WordPress News, Blog, Newspaper & Magazine Theme.

No Result
View All Result
  • Politics
  • Technology
  • Business
  • Health
  • National
  • Sports
  • Lifestyle
  • World
  • Opinion

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.