5 Companies that are Growing During the Covid-19 Pandemic By: Madysn Tusick
While the economy is a mess, and the majority of companies are experiencing extreme losses, there are a handful of companies still succeeding in growing and making money during these uncertain times.
The company is going through with making a $260 million investment into their first U.S. shopping mall location in San Francisco. This could provide the push needed for people to start going out again, because the demand for personal shopping and leisure outside of home will continue to exist.
While the company was forced to shut its doors and lost around 26% of sales compared to last year, the company just released a new marketing campaign titled “Where Dreams Begin.” Ulta is also opening 30 new stores by the end of 2020. This looks like a great leap out of the pit that Covid-19 has put companies in.
This company sees Covid-19 as an opportunity for Samsung to add warehouses and bring their popular products to more markets. The appliance industry has grown through the pandemic with items such as steaming closets that cleanse your clothes or more high-tech refrigerators. The company has been working on an expansion of this department that wouldn’t have happened without Covid-19.
Despite the global pandemic, Amazon is expanding its physical offices in six U.S. cities and adding thousands of corporate jobs in the surrounding areas. Even though the company didn’t take the hit as bad as others, Amazon is still continuing to expand throughout the uncertainty.
While the company is not physically growing, they are digitally growing. Target has started investing in their e-commerce, and it has paid off tremendously. Target has increased their online sales by 195% during the pandemic.