This report contains:
- Summary of UK Performance
- UK update on COVID-19
- The new normal that FMCG retailers and manufacturers expect after COVID-19
- Appendix: Focus on
- Spain
- Greece
- New Zealand
SUMMARY OF UK PERFORMANCE
- End of the 14th week of the UK lockdown and the easing of restrictions in England continue. Risk level lowered to 3 with further easing of restrictions gathering pace to help boost the UK economy
- Government announced that from Saturday 4th July, pubs, restaurants and hairdressers will be able to reopen
- FTSE 100 falls as fears continue on ‘2nd wave’ but the UK government pledges to spend £10b to salvage the economy, building hospitals, schools, housing developments and “shovel-ready” road and rail projects
- The start of Coronavirus brought about a reduction in the number of products retailers stocked as they managed Out of Stocks and put emphasis on stocking key categories.
- The increased demand driven by COVID-19 has benefitted Branded Manufacturers
- In the latest week, sales reached £2.46b; £351m higher than the same time last year and 3.4% up on last week. The addition of Fathers Day which was a week later than last year has contributed, with additional sales from Greeting Cards (+£9m) and BWS (+£123m)
- Increase in Supermarkets performance in the latest week, however the Convenience channel continues to maintain a greater role
- The additional £351m of Total Store sales is +16.6% vs year ago and is driven by an increased Grocery spend of £304m and £47m in Non Grocery
- First week since the panic buying in March that NonGrocery Sales have seen a Unit sales growth vs PY. Grocery sales continue to grow ahead of last year
- Bakery and Petcare which have both been indexing down vs last year since the panic buying spree began are now seeing sales in line with last year
TIMELINE OF EVENTS
End of the 14th week of the UK lockdown and the FTSE 100 is close to lowest level in June due to the fears of a second wave
- FTSE 100 falls as fears continue on ‘2nd wave’ but the UK government pledges to spend £10b to salvage the economy, building hospitals, schools, housing developments and “shovel-ready” road and rail projects
- The UK was the hardest hit of all the G7 major industrialised nations in the weeks leading up to early June. Analysis showed England fared the worst in Europe, just above Spain. The
research compared 11-week periods for each nation as the virus hit its peak in each country. - Almost £200 million boost to help businesses in the UK drive forward cutting-edge new tech and recover from the impacts of coronavirus. The government investment to support innovations ranging from AI systems managing city traffic flows to the latest reusable packaging materials.
Total Market Value Sales
In the latest week, sales reached £2.46b; £351m higher than the same time last year and 3.4% up on last week. The addition of Fathers Day which was a week later than last year has contributed, with additional sales from Greeting Cards (+£9m) and BWS (+£123m)
Father’s Day behind the growth in Spirits and Beer, however all BWS categories continue to show strong growth vs last year
Bakery and Petcare which have both been indexing down vs last year since the panic buying spree began are now seeing sales in line with last year
Top 35 Categories based on Value Change for the Latest Week
Top 12 Sub-categories based on Actual Value Change for the Latest Week
BWS, Tobacco, Greeting Cards and Meats/Fish feature in the top growing Sub-Categories
