Paperless Post's sales dropped 85% in April 2020 due to the pandemic
James Hirschfeld · Paperless Post: James and Alexa Hirschfeld · Oct 7, 2024 · at 55:16
James Hirschfeld, co-founder of Paperless Post, discusses how the COVID-19 pandemic and social distancing measures impacted company revenue.
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“What really happened was that sales dropped by 85% in April, and then over the summer, they settled it around 50% down to the prior year, as we saw people figured out how to have parties that were outdoor parties, or drive-by parties, or virtual parties. So, so, so for twenty-twenty and 21, we were down about 50%”
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