Sales of the company s hand sanitizer have spiked triple digits amid the pandemic, and Carey Jaros, CEO of Purell parent Gojo Industries, told CNBC on Wednesday that she expects business to remain significantly higher than usual going forward. It won t be at the levels it was at last year, but it s going to be exponentially higher than it was in 2019, Jaros, who has led the private company since January 2020, said on Closing Bell.
Purell reports hand sanitizer sales surged 568% to $1.5 billion year over year through late February. To meet the unprecedented demand for cleaning products as consumers sought ways to lessen their chances of contracting Covid-19, the company pumped $400 million into expanding manufacturing capabilities, increased operations to around-the-clock production and hired more than 500 new employees last year.
Sales of the company s hand sanitizer have spiked triple digits amid the pandemic, and Carey Jaros, CEO of Purell parent Gojo Industries, told CNBC on Wednesday that she expects business to remain significantly higher than usual going forward. It won t be at the levels it was at last year, but it s going to be exponentially higher than it was in 2019, Jaros, who has led the private company since January 2020, said on Closing Bell.
Purell reports hand sanitizer sales surged 568% to $1.5 billion year over year through late February. To meet the unprecedented demand for cleaning products as consumers sought ways to lessen their chances of contracting Covid-19, the company pumped $400 million into expanding manufacturing capabilities, increased operations to around-the-clock production and hired more than 500 new employees last year.
SINGAPORE (THE BUSINESS TIMES) - Nearly three in four (74 per cent) consumers in Singapore are shopping online more frequently as a result of the Covid-19 pandemic, a Visa study showed. One-third (31 per cent) of Singaporeans also made an online purchase for the first time.
This change in behaviour is due to the nationwide lockdown, safe distancing measures and personal safety concerns prompted by the pandemic.
Conducted in September last year, the study of 1,000 Singaporeans aged 18 to 65 found that consumers are more inclined to shop at online destinations such as large marketplaces (45 per cent), local businesses (31 per cent) and home-based businesses (31 per cent).
Chicago-based cannabis producer Green Thumb Industries on Wednesday opened Essence in Pasadena, the company’s first store in California’s expansive weed.
5 Min Read
NEW YORK (Reuters) - Joe Youngblood, who works in digital marketing in Dallas, Texas, bought his first share of GameStop at $98 in early February and found his investment cut in half in a matter of days. After a wild ride, he is now up more than 200% and expects the video game retailer to initiate a much-awaited turnaround of its business.
FILE PHOTO: A GameStop store is pictured in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo
“I am kicking myself for not buying more when it dropped below $50,” said Youngblood. “After research I believe GameStop has a good chance to pull it off.”