How supermarket sales are skyrocketing amid coronavirus lockdown?

  • Apr 23, 2020 BST
  • Team Kalkine

It is evident that Stockpiling ahead of the lockdown has helped supermarkets grow sales volumes but the effects on the wider high street are laid bare.

Sales volumes were 10.4% up on February while online sales reached a record share of all retail spending at 22.3% during the month as stores closed and consumers barely ventured outside.

The high demand for groceries helped prop up the wider retail sales figures though widespread shop closures across the economy meant volumes were 5.1% down as a whole.

Car giant Jaguar Land Rover is to gradually resume production at two of its UK plants next month amid "robust" guidelines to support a return to work. The move follows an announcement by luxury car-maker Aston Martin Lagonda that it will reopen its South Wales factory on May 5. JLR said that from May 18, manufacturing will resume in Solihull, West Midlands, and at its engine plant in Wolverhampton.

German airliner Lufthansa published an interim report on its financial woes on Thursday, reporting a first quarter operating loss of €1.2 billion while the vast majority of its fleet is grounded.

As coronavirus crisis wreaks havoc on the air travel industry, Lufthansa's preliminary financial results showed that revenue fell by 18% from January to March compared to the same time in 2019. Just in March, sales fell by almost 50%, amount to 1.4 billion dollars in lost revenue.

 


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