10% higher turnover of supermarkets due to corona

The situation in the retail sector is gradually returning to normal, especially if the catering industry starts again on 1 June. Initially, the turnover in the supermarkets rose by tens of percentages, but this has fallen back in recent weeks to an average of 5 to 10% extra turnover compared to last year.

Supermarket expert Erik Hemmes observes that consumers tend to try out all kinds of new culinary things at home. “Everything is baked and fried.” Consumers mainly buy a lot of extra cleaning products, such as soap and cleaning agents, and foodstuffs with a long shelf life.

No golden times
The food supply is not at risk and has not been endangered as a result of the corona crisis, emphasizes the Central Bureau of Food (CBL). The Netherlands is a major food producer. These are golden times for supermarkets, do you think? However, according to Marc Jansen, director of the CBL, retail does not make large profits. Despite the significantly higher unemployment rates due to the corona crisis.

"Don't forget that many more costs are also incurred. In the first weeks when hoarding took place, the costs were also much higher due to the logistical problems. And now that the turnover is not that much higher than usual, extra costs incurred due to the corona regulations. I estimate the total additional costs to date at 50 million euros. That amount is not made up for by the higher turnover."

© DCA Market Intelligence. This market information is subject to copyright. It is not permitted to reproduce, distribute, disseminate or make the content available to third parties for compensation, in any form, without the express written permission of DCA Market Intelligence.