Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Friday, Apr 19, 2024

Shoppers stockpile alcohol amid pubs shutdown

Shoppers stockpile alcohol amid pubs shutdown

The coronavirus pandemic has meant that British people have been forced to stay in to try to contain its spread.

And many are buying more alcohol to drink at home as a result.

Alcohol sales in supermarkets and corner shops jumped by 22% in March, according to consumer analysts Kantar.

Total sales of wine, beer and spirits topped £1.1bn in the four weeks to 22 March. An extra £199m was added compared with the same period in 2019.

Growth in sales of alcoholic drinks outstripped that of food purchases, even as customers stockpiled goods such as pasta or rice in preparation for having to self-isolate.

Online retailer Naked Wines said that more people were also ordering drinks for delivery. On Thursday, the company said that it now expected sales in 2020 to top existing forecasts, exceeding £200m.

English winemaker Chapel Down also recently toasted a surge in sales, due to the coronavirus-related lockdown.

It said that an increase in off-trade and online sales should compensate for losses seen because of the closure of pubs, bars and restaurants.

Elaine Hindal, chief executive of the charity Drinkaware, said that the rise in sales "isn't surprising", but cited concerns when it came to drinking during lockdown.

"Having alcohol available in homes, for many people, can be a source of temptation and lead to drinking without thinking," she said.

She added: "Small things can quickly turn into habits, like opening a bottle of wine in the afternoon when you normally wouldn't.

"It's important to remember that the more you drink, the more you increase your tolerance for alcohol, and over time, this can lead to dependency."


Sobering reports

Other drinks businesses have said, however, that they expect sales to slide as pubs and bars remain shut.

Guinness and Smirnoff owner Diageo, for example, said on Thursday that containment measures were "having a significant impact" on its performance.

Meanwhile, the boss of pub chain Wetherspoons previously said that the company had "no money coming in through the tills" of its 850 UK pubs.

The hospitality sector, the third largest employer in the UK, faces a huge challenge as potential customers stay away.

In a bid to help those affected, Chancellor Rishi Sunak announced a year-long business rates "holiday" for all retail, leisure and hospitality firms.


Shifting consumer mindset

Although online and off-trade sales might make up for some losses, some analysts have questioned whether that trend will continue.

Market research firm Mintel told the BBC that in its latest consumer survey, 20% of adults said they expected to spend less on alcohol over the next month.

Kiti Soininen, one of the firm's research directors, said: "While there was an early increase in retail sales of alcoholic drinks, this consumer mindset suggests that overall, the lockdown will hit the alcoholic drinks market."

She added: "A lot of that volume will just be completely lost from the market... [It] makes sense because food is a necessity, while alcohol is discretionary."

As disruption continues, some firms may be forced to shift their focus.

The Scottish craft brewer BrewDog, for example, started producing hand sanitiser last month amid shortages of the alcohol-based cleaner.

Its founder, James Watt, said that it had distributed 100,000 bottles made in its Aberdeenshire distillery to various charities.

Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×