Sales at supermarkets surge, wet markets drop

Friday, Mar 13, 2020 16:53

Shoppers flood supermarkets to stock up on essentials. — Photo

Revenue of commercial companies grew by more than 10 per cent in the first two months of this year compared to the same period last year, reported the Ministry of Industry and Trade.

Due to the impact of the COVID-19 pandemic, the demand for essential goods increased.

The number of customers shopping at supermarkets increased over the same period last year. They mainly shop for essential foodstuffs, such as livestock and poultry meat, eggs, instant noodles, and vegetables.

Due to the sudden growing demand, distribution systems have increased stockpiles to meet the needs of shoppers.

The volume of goods stocked for epidemic prevention and control increased by between 30 per cent and 40 per cent.

Supermarkets also promoted e-commerce channels to serve the needs of people when fighting the pandemic.

Because the food prices after the Lunar New Year in supermarkets are stable and lower than in wet markets, the volume of goods sold in the markets decreased by 50-70 per cent with revenue falling 50-80 per cent compared to before the epidemic.

In addition, customers are afraid to go to crowded places, therefore, e-commerce revenue of some businesses increased by 20-30 per cent. — VNS

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