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MEA Retail Weekly Survey: Coronavirus Effect - Week Ending 4/24/2020

Are you a Mobile Electronics Specialty Retailer

  • Answered: 73
  • Skipped: 0
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YesNo
Yes
95.89%
70
No
4.11%
3
TOTAL73
Q2 w

Which State or Province are you located?

  • Answered: 72
  • Skipped: 1
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CATXFLMDINMNOHABBCGALAMOVAWI
Other (please
specify)
ALAZIAILKYMAMEMSNHORSCTNWAWYAKARCOCTDEHIIAKSMBMIMTNBNCNDNENSNTNVNYOKONPAQCRISKUTWV
CA
18.06%
13
TX
13.89%
10
FL
8.33%
6
MD
5.56%
4
IN
4.17%
3
MN
4.17%
3
OH
4.17%
3
AB
2.78%
2
BC
2.78%
2
GA
2.78%
2
LA
2.78%
2
MO
2.78%
2
VA
2.78%
2
WI
2.78%
2
Other (please specify)
2.78%
2
AL
1.39%
1
AZ
1.39%
1
IA
1.39%
1
IL
1.39%
1
KY
1.39%
1
MA
1.39%
1
ME
1.39%
1
MS
1.39%
1
NH
1.39%
1
OR
1.39%
1
SC
1.39%
1
TN
1.39%
1
WA
1.39%
1
WY
1.39%
1
AK
0.00%
0
AR
0.00%
0
CO
0.00%
0
CT
0.00%
0
DE
0.00%
0
HI
0.00%
0
IA
0.00%
0
KS
0.00%
0
MB
0.00%
0
MI
0.00%
0
MT
0.00%
0
NB
0.00%
0
NC
0.00%
0
ND
0.00%
0
NE
0.00%
0
NS
0.00%
0
NT
0.00%
0
NV
0.00%
0
NY
0.00%
0
OK
0.00%
0
ON
0.00%
0
PA
0.00%
0
QC
0.00%
0
RI
0.00%
0
SK
0.00%
0
UT
0.00%
0
WV
0.00%
0
TOTAL72
Q3 w

As of today, is your retail location open for business?

  • Answered: 72
  • Skipped: 1
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YesNo
Yes
84.72%
61
No
15.28%
11
TOTAL72

When did you close?

  • Answered: 11
  • Skipped: 62
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This weekLast WeekTwo Weeks agoThree weeks ago
A month or
more ago
This week
0.00%
0
Last Week
0.00%
0
Two Weeks ago
0.00%
0
Three weeks ago
36.36%
4
A month or more ago
63.64%
7
TOTAL11

Why did you close? (Select all that apply.)

  • Answered: 11
  • Skipped: 62
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Local mandate
related to
coronavirus
Lack of
customers
Lack of staffLack of product
Other (please
specify)
Local mandate related to coronavirus
100.00%
11
Lack of customers
18.18%
2
Lack of staff
0.00%
0
Lack of product
0.00%
0
Other (please specify)
0.00%
0
Total Respondents: 11 

Have you applied for a Small Business Loan (Paycheck Protection or Economic Injury Relief)

  • Answered: 68
  • Skipped: 5
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Yes, both
Paycheck
Protection &...
Yes, Paycheck
Protection only
Yes, Economic
Injury Relief
only
No, I have not
applied for
either
Yes, both Paycheck Protection & Economic Injury Relief
54.41%
37
Yes, Paycheck Protection only
23.53%
16
Yes, Economic Injury Relief only
2.94%
2
No, I have not applied for either
22.06%
15
Total Respondents: 68 

Have you received a Small Business Paycheck Protection and or Economic Disaster Relief Loan?

  • Answered: 66
  • Skipped: 7
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Yes, Paycheck
Protection Loan
Yes, Economic
Injury Relief
Loan
Yes, both
Paycheck
Protection a...
I did not
apply in time
(before fund...
No, I have not
received the
loans for wh...
Yes, Paycheck Protection Loan
15.15%
10
Yes, Economic Injury Relief Loan
1.52%
1
Yes, both Paycheck Protection and Economic Injury Relief loans
6.06%
4
I did not apply in time (before funding was exhausted)
16.67%
11
No, I have not received the loans for which I applied
60.61%
40
TOTAL66

Are you experiencing an inability to get products from vendors?

  • Answered: 64
  • Skipped: 9
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Yes, and it's
a significant
problem
Yes, but it's
a minor
issueright now
No
Other (please
specify)
Yes, and it's a significant problem
3.13%
2
Yes, but it's a minor issueright now
60.94%
39
No
32.81%
21
Other (please specify)
3.13%
2
TOTAL64

Have any of your vendors provided special payment terms?

  • Answered: 65
  • Skipped: 8
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Yes, all of
them
Yes, some of
them
No, they have
not
Other (please
specify)
Yes, all of them
9.23%
6
Yes, some of them
46.15%
30
No, they have not
36.92%
24
Other (please specify)
7.69%
5
TOTAL65

How has your customer flow been affected?

  • Answered: 65
  • Skipped: 8
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Drastically
reduced
Somewhat
reduced
Minimally
reduced
No effectIncreased
Drastically reduced
58.46%
38
Somewhat reduced
23.08%
15
Minimally reduced
12.31%
8
No effect
0.00%
0
Increased
6.15%
4
TOTAL65

Compared to the same month year, how do you estimate this month's sales so far?

  • Answered: 66
  • Skipped: 7
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Up 10 percent
or more
Up less than
10 percent
Even with last
year
Down less than
5 percent
Down 5-10
percent
Down 10-15
percent
Down 15-20
percent
Down more than
20 percent
Up 10 percent or more
4.55%
3
Up less than 10 percent
3.03%
2
Even with last year
1.52%
1
Down less than 5 percent
3.03%
2
Down 5-10 percent
6.06%
4
Down 10-15 percent
4.55%
3
Down 15-20 percent
12.12%
8
Down more than 20 percent
65.15%
43
TOTAL66

If down more than 20%, what percent are you actually down?

  • Answered: 43
  • Skipped: 30
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59
 
2,544
 
43
Total Respondents: 43

Based on your current situation, do you feel this crisis may cause you to go out of business?

  • Answered: 64
  • Skipped: 9
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Definitely
will go out of
business
Good chance
that we will go
out of business
Not Sure,
could go either
way
Good chance
that we will be
able reopen ...
Are confident
that we will be
in business...
Other (please
specify)
Definitely will go out of business
0.00%
0
Good chance that we will go out of business
3.13%
2
Not Sure, could go either way
10.94%
7
Good chance that we will be able reopen or continue to be in business
18.75%
12
Are confident that we will be in business going forward
65.63%
42
Other (please specify)
1.56%
1
TOTAL64

When you reopen or the shelter in place orders are removed, how long do you believe it will take you to recover.

  • Answered: 63
  • Skipped: 10
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One to Three
Weeks
One Month
One to Two
Months
Longer than
Two Months
Not sure I can
fully recover
before the e...
Other (please
specify)
One to Three Weeks
7.94%
5
One Month
3.17%
2
One to Two Months
15.87%
10
Longer than Two Months
44.44%
28
Not sure I can fully recover before the end of the year
20.63%
13
Other (please specify)
7.94%
5
TOTAL63

In the past three years, have you attended one or more annual KnowledgeFest events?

  • Answered: 64
  • Skipped: 9
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YesNo
Yes
75.00%
48
No
25.00%
16
TOTAL64

Thinking about KnowledgeFest events, are you planning on attending an event this year?

  • Answered: 64
  • Skipped: 9
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YesUndecidedNo
Yes
40.63%
26
Undecided
26.56%
17
No
32.81%
21
TOTAL64

If yes or undecided, what event or events did/do you plan on attending?

  • Answered: 41
  • Skipped: 32
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OrlandoIndianapolisDallas
Orlando
17.07%
7
Indianapolis
24.39%
10
Dallas
58.54%
24
TOTAL41

Based on the current COVID-19 crisis, when would you feel safe attending a KnowledgeFest or other industry event?

  • Answered: 63
  • Skipped: 10
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June 2020July 2020August 2020September 2020October 2020November 2020
Would wait
until 2021 to
attend an event
Other (please
specify)
June 2020
12.70%
8
July 2020
4.76%
3
August 2020
14.29%
9
September 2020
14.29%
9
October 2020
9.52%
6
November 2020
3.17%
2
Would wait until 2021 to attend an event
38.10%
24
Other (please specify)
3.17%
2
TOTAL63
Q19 w

Would you like to provide your thoughts or comments on the current situation? If so, please do so here. We may share your comments with the mobile electronics community.

  • Answered: 15
  • Skipped: 58
Q20 w

Thanks for your help! If you woudl like your answers possibly featured in Mobile Electronics magazine or on me-mag.com. Please provide us with your contact information below.

  • Answered: 28
  • Skipped: 45
100.00%
28
Company:
100.00%
28
Position:
85.71%
24
100.00%
28
100.00%
28
96.43%
27
100.00%
28
100.00%
28
Website:
67.86%
19