May 19, 2020
Home improvement and animation are up, commercial rent is down
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While companies are looking for breaks from their rent, Home Depot says sales are up, and animation is about the only entertainment production still working.
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Home Depot reported a 6% increase in sales and True Value says paint sales are up more than 20% as Americans use lockdown to clean up, paint up, and fix up.
Some fear the apps will pass fees on to consumers, who might balk.
No need for actors to socially distance when they can record from home.
Oil companies raced to digitize during the last downturn. COVID-19 is pushing the industry to embrace remote working technology even more.
"Our volume has increased by about 100% over the past eight weeks," Purple Carrot CEO Andy Levitt says.