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Retail

UK Consumers Not Yet Stockpiling For Brexit: Kantar

British consumers have not yet stockpiled groceries ahead of Brexit though they are considering doing so, market researcher Kantar said on Tuesday.

It said a quarter of UK shoppers say they are thinking about stockpiling, but they seem to be waiting to see how the coming weeks play out.

'Chaotic Trading Situation'

"We expect if they take any action it will be closer to the deadline if a chaotic trading situation looks increasingly likely," Kantar said.

With just 16 days before Britain is due to leave the European Union, it is still unclear on what terms that will happen, or indeed if it will become the first sovereign state to exit the bloc.

Kantar said well-documented concerns about the availability of popular groceries in the event of a no-deal Brexit had not yet translated into a consistent increase in purchasing.

Sales of dry pasta and healthcare products over the four weeks to 6 October were, respectively, 9% and 7% higher than the same time last year, but those of canned products fell by 2% and frozen food by 1%.

The market researcher said total UK grocery sales rose 1.3% in the 12 weeks to 6 October.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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