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I’ve been to three different Sainsbury’s stores and a Tesco store this weekend and all four had almost empty shelves when it came to lagers, plenty of craft beers but the popular lagers and beers were gone...I can’t see any reason to discount alcohol when future deliveries are received....
Surely a positive when it comes to the SP here.
Also, I’m not too sure what the canning capacity is for UK breweries.... I still think the vast majority of beer and lager sales are made through barrels and kegs so the price of cans and bottles may go up quite a bit.....
Just my thoughts...
Gla
With pubs shutting,restaurants shutting,supermarkets will be selling more food to be used at home.Wine beers spririts ciders will all get sales increase.when boris said pubs to shut Friday evening all alcoholic drinks started walking out the doors
Hiring more staff and training them up is a fairly straight forward process (I would presume) but buying more specialised delivery vehicles is more complicated? It would take a couple of months for more vans to join the delivery fleet at a guess? Does anyone know?..... I think the panic buying will eventually subside a bit, but people will remain well stocked up for quite a while just in case. With pubs and restaurants closed this will undoubtedly add to sales. I think the SP will hold up but any large gains are a bonus and can't be relied on IMO.
Tesco being the biggest food retailer will benefit the most, they do need to ramp up staff levels and supplies to meet this extra volume coming their way.
already got a bump from panic buying, going to get another from pubs/restaurants closing. people will be buying more food/alcohol.
Taverham.......probably because I bought! Even worse I sold Tui at a big loss to buy, Tui up 30% since I sold them :-(
Record sales, obviously and the sp falls- why?
Its not bulk buying that's the issue now its EVERYONE buying 1/2 items every day which can't be controlled but will be caught up once it slows down which it will.
https://www.bbc.co.uk/news/av/uk-england-york-north-yorkshire-51966337/coronavirus-nurse-s-despair-as-panic-buyers-clear-shelves
Why not close the shops and stick to deliveries where someone can control whats being purchased??
SP holding very well glad to see. With div and special div at some stage what’s not to like. This is a lot better than most of my other Ftse 100 shares which have tanked.
GLA
Hang in there buddy..... for a while the big four have taken a bashing from likes of Aldi and Lidl but in times like these we realise how important it is to have a good choice of supermarkets with robust supply chains and plenty of outlets everywhere. If this was soviet Russia in the 1970's we would be facing real problems.... Capitalism is far from perfect but at least it is keeping us fed (at the moment). Just my opinion.
The footfall through the supermarkets is unprecedented and yet none of our local supermarkets are sanitising trolleys, keypads or anything else for that matter. When is somebody going to wake up to this it’s a breeding ground
Tesco are preparing also for when they are short of staff due to illness and self isolating.
Yes the tills are in overdrive now, but once this is all over, those tills will become quiet. People will have so much stocked piled stuff, they won't be shopping as much .
yes. I saw a notice seeking temp staff in my local tesco today. Cafe closed and at 8am there were lots of empty shelves unfortunately. Tea in short supply unless you want decaf muck
I see most Tesco stores are trying hard to hire extra staff to help them through the extra business that is coming their way with this crisis. All the supermarkets are going to do very well ober the next few months. This is now the time to be jumping aboard.
Yahoo finance shows this as 228.60 + 2.70 (1.20%), I think some prices have been slightly inaccurate due to the volume of trades....In times such as these - as long as it's stable as a company and making a profit, I'm happy with that.
it was £2.37 at one point but has declined a tad before close.
Tesco has increased a little today, I think this particular website isn't working correctly today for this stock.
Sainsbury up 14% this should be trading near 250 by now, seems like it's being held back but should come strong in the end.
If anything is safe in this present time surely the supermarkets are. A big bounce today from others yet Tesco lagging behind. I have just dumped my Tui shares at a huge loss so lets hope I can turn things around here.
Huge benefit from rate relief should move sp up imv.
When things start to look up, this share will hopefully move up with the market. We will see.
Everyone needs something in life that is dependable :)
Elgrebe,i agree.As i have posted on other threads we bought the SAYE options giving us over 18000 in total and will hold and see how things play out.I had to go to my local store in Hatfield yesterday and it was worse than Christmas.