The Confederation of British Industry (CBI) recently released its Distributive Trends Survey for between February 26th and March 13th, which showed a surge in sales volumes.

Unsurprisingly, the statistics revealed grocers and specialist food and drink companies did particularly well, which is likely to be the result of many consumers stockpiling goods as coronavirus spread around the world.

According to the report, grocers had a strong sales growth of 94 per cent in the year leading to March, an increase of 29 per cent in February. Specialist food and drink retailers also experienced a 42 per cent growth in the 12-month period leading to March, while its figures remained stable in February.

Principal economist at CBI Ben Jones stated: “These are extraordinary times for the retail sector. Grocers are seeing a temporary increase in demand because of coronavirus. But many other retailers are seriously suffering as households put off non-essential purchases and social distancing keeps people away from the high street.”

Indeed, other sectors experienced a fall in sales, with clothing purchases dropping by 75 per cent over the year, and furniture and carpet sales falling by the same amount.

The coronavirus has certainly skewed results lately. Indeed, the British Retail Consortium’s (BRC) recent BRC-KPMG Retail Sales Monitor reported total purchases had grown by just 0.4 per cent over the year to January 2020, remaining broadly flat over the 12 months.