Estimating the impact of the first COVID-19 lockdown on UK food retailers and the restaurant sector

Using an approach normally used to estimate cumulative excess deaths, we measure the impact of the COVID-19 shock on sales of UK food retailers and restaurants. To control the spread of COVID-19, travel and social interactions were restricted, putting significant pressure on retailers, who had to ad...

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Detalles Bibliográficos
Autores principales: Panzone, Luca A., Larcom, Shaun, She, Po-Wen
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9765303/
https://www.ncbi.nlm.nih.gov/pubmed/36568027
http://dx.doi.org/10.1016/j.gfs.2021.100495
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author Panzone, Luca A.
Larcom, Shaun
She, Po-Wen
author_facet Panzone, Luca A.
Larcom, Shaun
She, Po-Wen
author_sort Panzone, Luca A.
collection PubMed
description Using an approach normally used to estimate cumulative excess deaths, we measure the impact of the COVID-19 shock on sales of UK food retailers and restaurants. To control the spread of COVID-19, travel and social interactions were restricted, putting significant pressure on retailers, who had to adapt whilst complying with a fast-changing marketplace. Results show that in the period March–August 2020, COVID-19 restrictions accounted for a £4 billion increase in sales for food retailers, and £4 billion in non-store retailers; and a £20 billion loss in sales in non-food stores, and £25 billion loss in turnover for food and beverage serving services.
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spelling pubmed-97653032022-12-21 Estimating the impact of the first COVID-19 lockdown on UK food retailers and the restaurant sector Panzone, Luca A. Larcom, Shaun She, Po-Wen Glob Food Sec Article Using an approach normally used to estimate cumulative excess deaths, we measure the impact of the COVID-19 shock on sales of UK food retailers and restaurants. To control the spread of COVID-19, travel and social interactions were restricted, putting significant pressure on retailers, who had to adapt whilst complying with a fast-changing marketplace. Results show that in the period March–August 2020, COVID-19 restrictions accounted for a £4 billion increase in sales for food retailers, and £4 billion in non-store retailers; and a £20 billion loss in sales in non-food stores, and £25 billion loss in turnover for food and beverage serving services. Elsevier B.V. 2021-03 2021-01-21 /pmc/articles/PMC9765303/ /pubmed/36568027 http://dx.doi.org/10.1016/j.gfs.2021.100495 Text en © 2021 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Panzone, Luca A.
Larcom, Shaun
She, Po-Wen
Estimating the impact of the first COVID-19 lockdown on UK food retailers and the restaurant sector
title Estimating the impact of the first COVID-19 lockdown on UK food retailers and the restaurant sector
title_full Estimating the impact of the first COVID-19 lockdown on UK food retailers and the restaurant sector
title_fullStr Estimating the impact of the first COVID-19 lockdown on UK food retailers and the restaurant sector
title_full_unstemmed Estimating the impact of the first COVID-19 lockdown on UK food retailers and the restaurant sector
title_short Estimating the impact of the first COVID-19 lockdown on UK food retailers and the restaurant sector
title_sort estimating the impact of the first covid-19 lockdown on uk food retailers and the restaurant sector
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9765303/
https://www.ncbi.nlm.nih.gov/pubmed/36568027
http://dx.doi.org/10.1016/j.gfs.2021.100495
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