Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Strange Food Trend That’s Making Investors Rich

Companies / Retail Sector Aug 10, 2020 - 06:30 PM GMT

By: Stephen_McBride

Companies

Have you tried Goldbelly yet? Goldbelly is “Uber” for iconic eateries across America. But unlike most delivery apps, which will hurry you a burger or burrito across town, Goldbelly will ship a fresh smoked salmon bagel from New York to LA!

Take Manhattan bagel shop Ess-a-Bagel, which has become a landmark in New York. Like most businesses, its doors shut when coronavirus came through.

But thanks to Goldbelly, Ess-a-Bagel has shipped over 600,000 of its oversized bagels across the US since lockdowns began. And it’s still shipping 6,000 a day! The bagels are flash-frozen and packed into a box with dry ice so they arrive nice and plump.


Goldbelly has been a savior for many famous restaurants during lockdowns. For example, Philly cheesesteak pioneer Pat’s King of Steaks is delivering “8,500 mail-order cheesesteaks a week.”

The internet also rescued America’s most successful fast food stock. Chipotle’s (CMG) burritos are a lunchtime favorite for many folks. But hardly anyone’s going to Chipotle with America working from home.

Not so long ago this would have bankrupted a fast food joint. But longtime RiskHedge readers know Chipotle bet big on food delivery. Instead of walking into Chipotle and shouting out your order, millions of folks now order through its smartphone app.

And get this: digital sales tripled during lockdowns. Chipotle sold $828 million worth of burritos through its app in the past three months. Digital sales made up for almost all of Chipotle’s lost in-store sales. And even as stores reopen, more than 50% of orders are still coming through the app!

In short, delivery saved Chipotle from financial ruin. And also spurred its stock to all-time highs:

We’re Now Entering What I Call “America Online 2.0.”

Consider this: 310 million Americans used the internet last year. Yet 85% of our spending still happens offline. In other words, almost everyone is online, but most of the money isn’t.

“But Stephen, we’ve been hearing about surging online spending foreverSurely the easy money has been made?”

Not even close. Internet shopping has grown slowly for the past decade. Now it’s growing by leaps and bounds! Commerce Department data shows June’s non-store sales grew at the fastest pace of any month in recorded history.

And online sales are on track to jump 30% this year, as you can see below.


Source: Commerce Department

Americans will likely spend $1 trillion online for the first time ever in 2020.

The Old Rulebook Is Getting Torn Up

The first wave of business on the internet was dominated by a handful of firms. Last year Amazon swallowed up 35% of all dollars spent online. eBay, Apple, Walmart, and Home Depot pulled in another 16%.

In other words, more than half of online spending flowed into the pockets of just five companies. And millions of businesses resisted moving online. Today, 8 out of 10 small businesses don’t even have a website. Until recently, the internet was little more than a side hustle for sportswear giant Nike (NKE).

But that era is dead and buried. We’ve seen online disruptors triumph during lockdowns. Meanwhile, these past few months have shown us that the businesses not selling on the internet are suckers.

Who could have imagined in January that mailing bagels and cheesesteaks across the country would be a booming business? Yet Goldbelly’s sales shot up 200% in the past few months.

Regular RiskHedge readers know mom and pop shops are finally shifting online too. Even Nike has come to its senses. One-third of its sales came through its website this past quarter. A target Nike didn’t expect to achieve until 2023!

Get Ready For A Pile Of Money To Change Hands

Thanksgiving weekend always brings out a flurry of shopaholics. Last year Americans spent a record $69 billion between Thanksgiving Thursday and Cyber Monday.

So can you imagine Walmart (WMT) announcing its 5,000+ US stores will CLOSE on Thanksgiving day? It would be considered retail suicide.

Yet, Walmart made this announcement on Monday. Target (TGT) followed it up by saying its stores will also shut on Thanksgiving. I doubt it’ll hurt their sales much.

With coronavirus still lingering, Black Friday and Cyber Monday will take place on Walmart.com and Target.com instead. Here’s the thing: America Online 1.0 stocks Amazon and Netflix handed investors huge gains. Billions of dollars shifted online in this first wave.

But America Online 2.0 will see TRILLIONS shift. Within the next decade 40–50% of spending will happen online. Investors in this second wave stand to make a killing.

The Great Disruptors: 3 Breakthrough Stocks Set to Double Your Money"
Get my latest report where I reveal my three favorite stocks that will hand you 100% gains as they disrupt whole industries. Get your free copy here.

By Stephen McBride

http://www.riskhedge.com

© 2020 Copyright Stephen McBride - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in