The coronavirus pandemic has resulted in shutdowns and massive losses for retailers, restaurants, and their workers.
But many are supplementing their income losses by pivoting to new tactics and opportunities that are more suited to the pandemic.
Here are eight ways that retailers and workers are still making money while most stores and restaurants are shut down.
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Much of America is bracing for the worst of the coronavirus pandemic by shutting down nonessential businesses.
That shutdown has resulted in catastrophic loss of income for businesses, forcing many to close their doors temporarily or even permanently. And countless waiters, retail workers, and fitness instructors have found themselves suddenly out of a job.
But businesses and workers are stepping up to the challenge of staying afloat during a pandemic and finding new — and often creative — ways to continue making money.
Here are some of those ways:
SEE ALSO: The world’s biggest retailers are using their factories to create hand sanitizer and hospital gowns and donating millions to help fight the coronavirus pandemic
Fine-dining establishments started offering takeout and delivery
Seattle fine-dining restaurant Canlis switched to be a drive-thru and carry-out operation just as Washington State’s bars and restaurants were ordered to shut their doors. Canlis has since become delivery-only, offering family meals on Tock, which was previously a reservation service.
After restaurants and bars in other locations across the nation were barred from operating dining rooms, countless other restaurants followed suit. Michelin-starred Alinea in Chicago, which usually sells out of bookings for $300 tasting menus months in advance, now sells comfort food to-go. Carbone’s famous veal parm drew crowds of delivery people after the notoriously exclusive New York restaurant announced it was open for takeout.
Reservation sites now take delivery orders
With reservations no longer a factor in the restaurant industry, reservation-specific websites have pivoted to offering pick-up and delivery. Tock and Resy, both previously exclusively reservation websites, wrote and implemented new code that transformed their sites’ function completely to serve restaurants’ needs during the pandemic.
Now, you can find all of the offerings of fine dining and local restaurants on reservation platforms. These include virtual classes, takeout, delivery, and sometimes even produce boxes.
Restaurants are also offering preparation kits for their most popular meals
Canlis is also selling a produce box through Tock, while The Publican in Chicago has focused on selling meats and other provisions to be prepared at home.
Meanwhile, Bund on Broadway, a dumpling restaurant in Queens, New York, sold out of a frozen dumpling and steamer combo it advertised on Instagram. Also in New York, Sichuan drypot favorite MaLa Project has started offering jarred sauces and packaged noodles so that customers can make their own meals at home.
Chain restaurants started offering free and contactless delivery en masse
Chipotle and KFC were some of the first major fast-food chains to start offering free delivery during the coronavirus pandemic. Now, free delivery is widespread and even commonplace. As chain restaurants are being forced to close their dining …read more
Source:: Business Insider