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MEA Retail Weekly Survey: COVID-19 Effect - Week Ending 5/8/2020

Are you a Mobile Electronics Specialty Retailer

  • Answered: 55
  • Skipped: 0
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YesNo
Yes
96.36%
53
No
3.64%
2
TOTAL55
Q2 w

Which State or Province are you located?

  • Answered: 55
  • Skipped: 0
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CATXAZINPAFLMDKYOHWIAKALBCCOGAILIAKSLAMEMNMONYONSCVAWAABARCTDEHIIAMAMBMIMSMTNBNCNDNENHNSNTNVOKORQCRISKTNUTWVWY
Other (please
specify)
CA
14.55%
8
TX
10.91%
6
AZ
7.27%
4
IN
7.27%
4
PA
7.27%
4
FL
5.45%
3
MD
5.45%
3
KY
3.64%
2
OH
3.64%
2
WI
3.64%
2
AK
1.82%
1
AL
1.82%
1
BC
1.82%
1
CO
1.82%
1
GA
1.82%
1
IL
1.82%
1
IA
1.82%
1
KS
1.82%
1
LA
1.82%
1
ME
1.82%
1
MN
1.82%
1
MO
1.82%
1
NY
1.82%
1
ON
1.82%
1
SC
1.82%
1
VA
1.82%
1
WA
1.82%
1
AB
0.00%
0
AR
0.00%
0
CT
0.00%
0
DE
0.00%
0
HI
0.00%
0
IA
0.00%
0
MA
0.00%
0
MB
0.00%
0
MI
0.00%
0
MS
0.00%
0
MT
0.00%
0
NB
0.00%
0
NC
0.00%
0
ND
0.00%
0
NE
0.00%
0
NH
0.00%
0
NS
0.00%
0
NT
0.00%
0
NV
0.00%
0
OK
0.00%
0
OR
0.00%
0
QC
0.00%
0
RI
0.00%
0
SK
0.00%
0
TN
0.00%
0
UT
0.00%
0
WV
0.00%
0
WY
0.00%
0
Other (please specify)
0.00%
0
TOTAL55
Q3 w

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

  • Answered: 55
  • Skipped: 0
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YesNo
Yes
87.27%
48
No
12.73%
7
TOTAL55

If opened, when did you reopen?

  • Answered: 45
  • Skipped: 10
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This weekLast Week
More than two
Weeks ago
We never
closed our
business
This week
15.56%
7
Last Week
13.33%
6
More than two Weeks ago
11.11%
5
We never closed our business
60.00%
27
TOTAL45

If closed, why did you close? (Select all that apply.)

  • Answered: 17
  • Skipped: 38
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Local mandate
related to
COVID-19
Lack of
customers
Lack of staffLack of product
Other (please
specify)
Local mandate related to COVID-19
52.94%
9
Lack of customers
29.41%
5
Lack of staff
5.88%
1
Lack of product
0.00%
0
Other (please specify)
35.29%
6
Total Respondents: 17 

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

  • Answered: 48
  • Skipped: 7
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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
64.58%
31
Yes, Paycheck Protection only
25.00%
12
Yes, Economic Injury Relief only
2.08%
1
No, I have not applied for either
8.33%
4
Total Respondents: 48 

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

  • Answered: 46
  • Skipped: 9
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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
47.83%
22
Yes, Economic Injury Relief Loan
4.35%
2
Yes, both Paycheck Protection and Economic Injury Relief loans
15.22%
7
I did not apply in time (before funding was exhausted)
6.52%
3
No, I have not received the loans for which I applied
26.09%
12
TOTAL46

Are you experiencing an inability to get products from vendors?

  • Answered: 47
  • Skipped: 8
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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
8.51%
4
Yes, but it's a minor issueright now
44.68%
21
No
44.68%
21
Other (please specify)
2.13%
1
TOTAL47

Have any of your vendors provided special payment terms?

  • Answered: 47
  • 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
8.51%
4
Yes, some of them
40.43%
19
No, they have not
42.55%
20
Other (please specify)
8.51%
4
TOTAL47

As of this week how has your customer flow been affected?

  • Answered: 46
  • Skipped: 9
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Drastically
reduced
Somewhat
reduced
Minimally
reduced
No effectIncreased
Drastically reduced
28.26%
13
Somewhat reduced
32.61%
15
Minimally reduced
13.04%
6
No effect
4.35%
2
Increased
21.74%
10
TOTAL46

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

  • Answered: 45
  • Skipped: 10
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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
13.33%
6
Up less than 10 percent
11.11%
5
Even with last year
6.67%
3
Down less than 5 percent
4.44%
2
Down 5-10 percent
6.67%
3
Down 10-15 percent
4.44%
2
Down 15-20 percent
6.67%
3
Down more than 20 percent
46.67%
21
TOTAL45

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

  • Answered: 23
  • Skipped: 32
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56
 
1,299
 
23
Total Respondents: 23

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

  • Answered: 45
  • Skipped: 10
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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
2.22%
1
Not Sure, could go either way
8.89%
4
Good chance that we will be able reopen or continue to be in business
8.89%
4
Are confident that we will be in business going forward
77.78%
35
Other (please specify)
2.22%
1
TOTAL45

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

  • Answered: 42
  • Skipped: 13
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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
4.76%
2
One Month
7.14%
3
One to Two Months
16.67%
7
Longer than Two Months
38.10%
16
Not sure I can fully recover before the end of the year
23.81%
10
Other (please specify)
9.52%
4
TOTAL42

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

  • Answered: 46
  • Skipped: 9
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YesNo
Yes
71.74%
33
No
28.26%
13
TOTAL46

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

  • Answered: 46
  • Skipped: 9
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YesUndecidedNo
Yes
34.78%
16
Undecided
30.43%
14
No
34.78%
16
TOTAL46

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

  • Answered: 27
  • Skipped: 28
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Indianapolis -
July 10-12
Dallas -
August 14-16
Orlando -
Rescheduled to
Fall 2020
Indianapolis - July 10-12
29.63%
8
Dallas - August 14-16
51.85%
14
Orlando - Rescheduled to Fall 2020
18.52%
5
TOTAL27

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

  • Answered: 46
  • Skipped: 9
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July 2020August 2020September 2020October 2020
Would wait
until 2021 to
attend any...
I don't
regularly
attend indus...
Other (please
specify)
July 2020
15.22%
7
August 2020
4.35%
2
September 2020
10.87%
5
October 2020
10.87%
5
Would wait until 2021 to attend any industry event
43.48%
20
I don't regularly attend industry events
13.04%
6
Other (please specify)
2.17%
1
TOTAL46
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: 8
  • Skipped: 47
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: 16
  • Skipped: 39
100.00%
16
Company:
100.00%
16
Position:
75.00%
12
100.00%
16
100.00%
16
100.00%
16
100.00%
16
93.75%
15
Website:
68.75%
11